The Mind Set of the Poor, Middle and Wealthy Class

The mind set is the key to building a home based business. Why is it that 5% of the population controls 95% of the wealth and 95% of the population controls 5% of the wealth?

Well guys it starts by changing the way you think. Choices you make today determine the out come for tomorrow. Your ignorance on how money works will stress you out unless you change your thoughts and values. Remember nothing change if nothing changes. Now lets define the mind set of two words that separate the poor, middle and wealthy class, it’s assets and liabilities. Assets put money in your pocket and liabilities takes money out of your pocket best phrased by Robert Kiyosaki.

Now by no means we are trying to make you or anyone feel bad about the mind set of his or her way of thinking. I am just trying to educate you on why the rich are getting richer, the poor getting poorer and the middle class is stressed out and slowly being eliminated. We want you to learn to solve your own financial problems, not your boss and not the government. If you think education is expensive, you should see how expensive stupidity is. (Keeping it Real) smile.

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The Mind set of the Poor Class: The poor class favorite words are “I can’t afford the high gas price to make it to work, money isn’t everything, the government isn’t sending me enough money, all I need is enough to pay my bills, hell I've been poor all my life and I’ll hit the lottery some day”. The mind set of their negative thinking keeps them in the same old rut. Too much of their income (over 90%) is spent on liabilities and expenses leaving little to no room to ever get ahead.

The Mind set of the Middle Class: The middle class most of the time uses their education, and earns income as a way of believing that they will be financially successful. You’ll often hear most of them say, “This gas price is insane, somebody has to do something, I just want to be comfortable, job security is the way to go, I’m looking for a safe secure job with benefits, if it’s God’s will I’ll be rich, every thing is so expensive, I’m self employed and the government needs to fix our economy."

The stress out, no having time middle class, poor, and even some rich class are accustomed to a linear income. Which means they trade their hours for money. Employees, independent contractors, and self-employed business owners make up the linear income bracket. Linear income earners are only paid for the specific time expended, or paid directly proportional to the number of hours invested in their job. Linear income earners must be physically present or “clocked in” to get their paycheck. If you’re self-employed, you do have control of your personal achievement, which is great, right?

Now tell me this, what happens to your business if you’re in a car accident and/or hospitalized, and it takes you three months to reach full recovery? Because you’re self-employed, you’ll more than likely miss that money! Now the big question is how do smart wealthy people do it, one word (ASSETS). The mind set of the middle class is the most interesting of the classes because of their total misunderstanding and confusion when it comes to understanding what an asset really is. Middle class, invest their money in liabilities such as toys, cars, vacations, and the largest of them all, their house. The mindset is why they are stuck in the rat race. ________________________________________________________________________

So tell us middle class, how much money has that beloved house of yours (the number 1 so-called asset you own) made you in the past year? Don't forget to deduct the mortgage cost, electricity, heating, taxes (oh my gosh the taxes!), cable, Internet to read this site and all the other expenses associated with owning a house. Sure your house might go up in value, but is it going to increase at a rate that is faster than the expenses it consumes? If you answered yes to that question then please send us an email so our family can come live where you live. The real answer is of course not! Your house isn't an asset unless you are renting it to someone else and they are covering all your expense and then some. Here’s a nugget “your debt and expenses are someone else’s asset.”

My point is this, the mind set of the middle class buys liabilities that they think are Assets. The education and the amount of money they make are irrelevant. The more money they make, the more liabilities they acquire. It's a vicious circle that leaves many families left wondering why even despite the raise or promotion they got, are still in no better position financial then they were in before. Its because they don't understand money and more specifically its because they don't understand the definition of the word. "ASSET". The quicker they figure this out, the quicker they will get out of this rat race.

The Mind set of the Wealthy Class: The wealthy class keeps a fresh mind creating great ideas and always asks what new ideas can I learn and adopt. They look for ways to increase their cash flow by providing people with services or products that are needed and useful. He or she seeks continual growth for new opportunities with a great system and buys assets that are assets without being selfish. In fact, they typically own so many assets that the passive income produced by each only feeds the fire. Ever hear the phrase. "The rich get richer". You think this is by accident? The reason the rich get richer is because they understand how money works and recognize real assets that generate passive income to pay for all their expenses vs. liabilities.

Do you think the rich ever have to dip into that precious paycheck? Of course they don't cause their assets are paying for everything. You know how, they understand the mind set power of leveraging other people's time, efforts and resources. Now wait just a second! I know that sounds very harsh and cruel but think about it first. Isn’t your boss leveraging your efforts? When I put it that way, you start to get the big picture of how this concept separates the wealthy from the not so wealthy. The mind set of the rich then goes and use the money produced from the assets to BUY MORE ASSETS! ! !)

The day the amount you earn via passive income from your assets exceeds your expenses, is the day you are considered rich in my book. Remember asset put money in your pocket and liabilities take money out of your pocket best phrased by Robert Kiyosaki. Money will never solve your lack of financial understanding.

If you would like to learn more about the mind set of the wealthy with Robert Kiyosaki and what he does differently in order to create wealth, read “Rich Dad, Poor Dad" and “CashFlow Quadrant” or any of his great other publications. They can truly change your outlook on life and open possibilities you never knew existed.