10 Things The Rich Do That The Poor Don't - Why You Are Still Broke

Explaining 10 things that rich people do that poor people don’t that determines each one’s financial success

Good Books To Checkout:

Practical Wisdom.

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

[ChristopherAbelman]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[KaiAndrew]

I grew up in a poor immigrant family that escaped a war and hardly spoke any English. I agree with most of your list. From first hand experience I'd add these three habits about the "rich."
1) They enjoy building things. Because building requires learning, adapting, problem solving and hard work.
2) They do not like spending money. Self-made rich folks, spend far less overall in comparison to their income.
3) They fail quick and fail often. Failure is seen merely as a learning opportunity, not the end of a pursuit.

Great video!

[Atlanta]

1. Results
2. Read to learn
3. Focus on opportunities not obstacles, POV perspective
4. Social circle and network - develop
5. Promote self and value - brand
Sell yourself
6. Overcome challenges and problems
7. Get both
8. Net worth - keep wealth
9. Penny smart, dollar stupid
10. Network and Volunteer to network

[santiagoribertocarlos.p]

Having multiple income sources is very crucial to financial growth.

[StuartDrury]

You must be really smart man, You just baited me into watching a video that wasted 8 minutes of my life when i could be out there selling tank tops to those eskimos.

[joeyjamison]

The main difference between rich people and poor people is that rich people have money and poor people don't.
_"I've been rich and I've been poor. Rich is better."_
*—Sophie Tucker*

[robertcollins]

One reason is. ...The rich stay rich by living like there poor while the poor stay poor by living like there rich!

[countryroadstakemehome]

As a rich guy I can tell you. Opportunity is key.
We robbed a ban... Oh never mind about that story... The weathers great isn't it!?

[Aalhad]

This is so useful, I wish I could go back then in time and relive all these years again having my present conciousness

[tonybonilla]

Brother, I am former Military and an Entrepreneur and You are right On Point like a laser! I use my Military Experience and Leadership Skills every day. I have taught these lessons to all of my people regardless of their position, as you never know when some one has to step up to fill a void or come up with a solution for the benefit of the organization. In my organization it doesn’t matter “Who” comes up with the idea, the best idea gets implemented indifferent to who thought of it. You don’t have to be the smartest guy in the room, but you get the smartest and best to work with you and allow them to do their thing and get out of their way, that builds confidence and Team Work. Everyone is appreciated and has a place and role. The other Point is Candor, be honest, speak your mind Respectfully and without fear, as your Life/Job may depend on you speaking up. The last Point is believe in yourself and your instincts. To me the biggest sin is not believing in yourself!
God Bless you Brother and continued success in all your endeavors!....Kind Regards!....TB

[robertleejameswelch]

I agree. Discipline, not be reactive and impulsive. Social circle is a huge part. Negative people gravitate to other negative people. Be careful of people that "are interested" in your success.

And don't be afraid of having a small social circle.

[KlNGSFA]

Now list all the people who do these things and are still poor. There is no straight path to success everyone is unique and what will bring success to you is also. Things like this are designed in part to lead you astray, do what I did to get rich, but there are countless other factors in life.

[cctvtexas]

In the words of Mark Cuban: "The rich stay rich by living like they are broke, and Broke people are broke because they live like they are rich" .

[anelises]

These are things to pay attention to, thank you for these tips, I really want to put them into practice.

[redpen]

I PROMISE THIS VIDEO IS TRUE!!! I stoped acting like a poor person and become rich thanks to this video. Thank you so much, let's eliminate poverty through optimistic thinking!

[parkerbohnn]

The poor always live day to day while the rich think ahead in time.

[efremdedwards]

reading does not create wealth... I read a lot! Action was the difference...I didn't learn that for my college degree or reading

[amyong]

I used to read a new book every 3 I discovered u tube.

[millionairemind]

*In order to succeed, your desire for success should be greater than your fear of failure*

[elliemm]

Great video. You go more in depth than other videos on this subject. Briefly: My parents grew up poor. My father worked since he was 14 to 24, to buy a home in the burbs. My father was a very avid reader, about 1-2 books a month. He played the violin, was an artist in his spare time and played chess. You could ask him any question on any subject, and he could answer it. Not bad for a Brooklyn boy that had to quit school in 8th grade. My mother strained cleanliness, neat handwriting and spelling. We didn't always get what we wanted, but always got what was needed, and told never to brag.
My parents wound up buying a house the way they wanted it built, paying full cash, no mortgage upon retirement. (oops, I bragged)