The most important distinction between the wealthy (the 1%) and the poor or center class (the 99%) is their mindset. Merely put – individuals who grow to be wealthy have a completely completely different mindset than individuals who select to stay poor.

Sure, I stated “select,” as if it had been a selection. It completely IS a option to preserve doing the identical factor and count on completely different outcomes. That is additionally what is called madness.

Debt and Taxes

Take debt and taxes, for instance. Poor individuals use debt to purchase issues they need and want, and so they pay method an excessive amount of of their revenue (as a proportion) to the federal government within the type of taxes. Wealthy individuals leverage debt to purchase issues that can make them cash, and so they do what they will to keep away from paying taxes (legally) in any respect prices.

“Debt and taxes make the wealthy richer. Debt and taxes make the poor and center class poorer.”

~ Robert Kiyosaki

Inflation

The rationale the 1% (the wealthy) are getting richer and the 99% (the poor and center class) are getting poorer is that once you print cash, two issues occur; Inflation and taxes. The 99% are getting crushed by inflation and taxes. The 1% don’t have to fret about inflation or taxes as a result of it doesn’t have an effect on them.

The Economic system

My key takeaway from this interview with Robert Kiyosaki is his tackle “the financial system” versus “your financial system.” Poor persons are actually good at blaming “the financial system” when their monetary scenario takes a flip for the worst. Wealthy individuals don’t want to fret about “the financial system” as a result of they’re busy specializing in “their financial system!” Watch the complete video under for particulars…

Credit score: Video and screenshot for featured picture – Motiversity on YouTube

Wealthy Dad Poor Dad

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