The riches of the wealthy versus the hardships of the poor are frequently discussed as a part of the debate. People often ask what distinguishes a rich mindset from a poor mindset? Is it possible to modify it? When it comes to the rich and poor, who are we talking about? Is there a specific definition for each of these categories? Simply expressed, the answer is no. Many poor individuals with a successful mindset are financially unstable due to their circumstances, while many trust fund babies have a negative mindset.
To get the notion of a rich mindset, successful music producer and content creator Michael Blakey spent much of his life among wealthy people and celebrities like Englebert Humperdink, No Doubt, Eminem and Willie Nelson and made videos with some of the wealthiest people in the world. Blakey being a millionaire himself and working on Grammy Nominated projects, understands the positive mindset and how to deal with problems. He discovered that the key to being wealthy is “not in money’s mechanics, but in the degree of thought that creates it.”
Rich individuals can have different views, ideologies, and techniques than the average person and have greater bank account balances. Blakey’s channel ProducerMichael has over 1 million subscribers, gives insight into the world of millionaires, and motivates young entrepreneurs to achieve a successful mindset.
According to Blakey, many of the rich see the world in various ways that the majority do not. We’ve highlighted three of them here.
Listening to Yourself Instead of Others
According to Blakey, a perfect mindset consists of listening to yourself and believing in your capabilities. People who listen to others are often unmotivated and usually spend much of their time thinking about a project instead of executing it.
Being Wealthy is a Right!
A rich mindset believes that being wealthy is their right, while a poor mindset thinks it is a privilege. Through Blakey’s videos, it can be concluded that a person with a positive mindset realize they have the right to be wealthy if they’re ready to produce tremendous value for others.
Building Business through Relationships
Rich people believe in forming relationships with others based on trust, likeability, similar goals, and mutual respect. People who have a positive mindset serve others and build connections without expecting anything in return. A negative mindset goes with the agenda of “I scratch your back, you scratch mine,”
A positive mindset recognizes that reputation is vital, that trust and respect are gained over time through hard work and determination – and that both can be lost in a second. Negative mindset thinks it can get away with sullying its reputation to make a quick buck.
Less Complains, More Work
Rich people understand that life isn’t fair, and they deal with reality quickly, respectfully, and effectively. They understand that the world owes them nothing, that the universe is unconcerned about their existence, and that death is the default outcome of life. All accomplishments are unlikely, and each should be celebrated.
The world’s injustice can consume a person with a negative mindset, and one wastes time dwelling upon it. They believe the world owes them everything for their hardships and that their efforts should always be rewarded.
You might be wealthy or poor, positive or negative or possess a combination of both characteristics. Either way is what it is. To move forward, recognize where you are and how you want to take your first step. What kind of mentality do you have? Do you want to work for money, or do you want money to work for you? It’s under your control. After all, no one cares as much about your finances as you do.