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There are striking differences between rich and poor men when it comes to their mindsets, habits, values and behaviors. While wealth alone does not determine a man’s character, how he thinks about and handles money can reveal a lot about the kind of person he is. Here are 8 key differences between rich and poor men:
1. Rich men are focused, while poor men are distracted.
Wealthy men have clear goals and are focused on achieving them. They don’t get sidetracked by trivial matters. Poor men tend to be more easily distracted by entertainment, social media, TV, video games — things that don’t help them become financially secure.
2. Rich men are planners, while poor men live day-to-day.
Successful men take the time to think ahead and plan their financial future. They save and invest with the long-term in mind. Poor men generally don’t make financial plans and struggle to think about tomorrow. They live paycheck to paycheck without much thought about the future.
3. Rich men seek knowledge, while poor men avoid learning.
Educating themselves is a top priority for wealthy men. They read books, listen to podcasts and learn from mentors. Poor men are more set in their ways and don’t seek out the knowledge required to change their situation.
4. Rich men take risks, while poor men avoid risks.
Calculated risk-taking is common amongst financially successful men. They know some risks are necessary to grow wealth. Poor men tend to avoid risks out of fear and get stuck in their comfort zones.
5. Rich men surround themselves with other successful people. Poor men don’t network.
Affluent individuals intentionally build valuable social and business networks. Poor men often isolate themselves or hang around others who drag them down.
6. Rich men are resilient, while poor men give up easily.
Wealthy men don’t let failures or mistakes stop them for long. They pick themselves up and try again until they succeed. Poor men are more easily discouraged by setbacks and quickly give up on their dreams.
7. Rich men are disciplined, while poor men are impulsive.
Self-control is a trademark quality of most financially successful men. They manage their time wisely and delay gratification. Poor men struggle to control their impulses and often make self-defeating decisions.
8. Rich men have strong work ethics, while poor men avoid work.
The most prosperous men have tremendous work ethics. They work hard and look for ways to create value for others. Poor men are more likely to try shortcuts or avoid work altogether.
In summary, rich men and poor men often have very different mentalities when it comes to money and achievement. While poor men avoid risk, knowledge and self-discipline, rich men embrace these necessary qualities on their journeys to wealth and success. Our financial status is shaped tremendously by our mindset and habits.
