7 Major Differences Between Rich and Poor People

There are several subtle mindset shifts that anyone can slowly start implementing that, over time, will help you on the road to being wealthy. Today, we'll be going through the 7 differences between the rich and the poor.

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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:21 - Rich Are Subtle About Wealth
2:39 - Takes $ To Make $
4:20 - Delayed Gratification
6:40 - Invest in Assets
8:20 - Money Management
10:16 - Excellent Credit
11:47 - Continually Pursue Education

[humphrey]

Today marks 5 years since I uploaded my first video! Thanks to all that have been here and watched. If you're new - subscribe! Love you all, thank you for the support.

[BridgetMiller-]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[cooldan]

Humphrey, I have been following you for quite some time, and I must say you have changed my outlook on personal finance. I cannot thank you enough! God bless and cheers to another 5 years! 🎉

[deborahcaldwell]

Yes, you’re right. I am 84 and not very wealthy but I’m certainly not poor. I live on $34, 000 a year and I’m loving it but I didn’t start being educated financially until I was 78 years old. So thank you for being there and adding that line toward me in your number seven.

[PJWashington-xrkl]

There's a difference between delayed gratification and waiting until you're 65 to enjoy life, you're only young and healthy once need to live sometimes

[Daylightkb]

Only thing I found wrong, is the stealth wealth. The clothes that they wear are still extremely expensive. 300-400 dollars sometimes. They just look and are meant to look really simply and casual. But to them and compared to the clothes they could afford. Definately super cheap

[matwx]

I've been a frugal money hoarder for most of my life, but at the same time, I've always fantasized about having an extravagant, flashy lifestyle as well. So, I understand both sides of the spectrum. Perhaps one day, I'll have the courage to splurge on my dream supercar. As much as I love seeing my portfolio grow, I also don't want to be that guy that never spends a cent of it and dies prematurely out of nowhere or loses it all to an unexpected lawsuit.

[FirstnationalBank-omqc]

I will forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Sophia

[SirLoin]

This is very true. People with actual wealth prefer quality and comfort over brand named items, and never really flaunt it.

[udslqbr]

Humphrey, I would like to congratulate you on your anniversary of content creation for 5 years! Keep up the hard work because your content is top knotch!

[Ubiquitous_]

Congratulations on 5 years! Steady paid off!
Thank you for another great video with awesome visuals. You stand out from the rest.

[Courtney-Alice-Gargani]

My goal is to put myself in rich people group and be low key about it. Yes, some rich people don't brag about their wealth. They are more focused on being success privately and not showing off. If I was rich, I would keep a low profile.

[shuraandrew]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[Julietarocha-ik]

I've recently come into an inheritance of nearly $900, 000, i'm being directed towards the stock market. What risk management strategies are recommended to navigate and safeguard my investment in the market?

[jones]

Rich people do not fantasize about nice clothes or a fancy car. They fantasize about power and discretion. Poor people want to show off.

[rkw]

Wealthy people definitely don't give advice on how to become wealthy

[lovejansson]

Very good points! Also I would say that lower classes tend to be obsessed with money because of the Idéa that consuming is the only way to climb the social ladder. Whilst the people who have money naturally values other things in life that has deaper meaning and is free, like free time, relationchips and nature.

[MKK-wgfz]

Congrats on 5 years Humphrey! 🍾 You have a great channel with excellent content & and a great vibe! 🎉

[Bur]

That’s been my mistake! I’ve been watching the scratch golfer videos, trying to get six pack abs.. now I’m 30 pounds overweight but my putting game is on point

[thugsy]

If there is a sign on top of our head that displays our net worth, a lot of people will be humble.