Ever thought about the reasons why the rich peoplecontinue to make more moneyand get richer while the poor people and poverty seem inseparable?
According to Oxfam report in 2015, the richest 1% of the world currently control 48% of the world’s wealth.
This according to Business Insider translates 80 wealthiest people in the world controlling approximately $1.9 trillion.
As Nigerians, the question we usually asked about rich people is whether they have two heads. See, you don’t need to know how many heads they’ve got.
Instead, we should study the things the rich do that the poor aren’t doing. Here are some of the things the things the rich people do that poor people don’t.
1. The rich focus on opportunities not obstacles
Understanding how you make and spend your money is very important to your financial safety
One of the factors that make the rich make more money is their focus on opportunities. For instance, when a shoe salesman finds himself in a country where the natives do not wear shoes, he will most likely see this an opportunity to sell a pair of shoes to everyone in the city. A poor man in the same market might be discouraged to sell because the fact that no one wears shoes in the country could mean nobody will patronize him. It’s all about perspective.
2. The rich associates with positive successful people
Rich people believe that attitude is everything. They believe if they hang out with negative people who complain a lot about the government, the economy and everything else, they might start doing the same.
This is why most rich people are always in the company of their fellow rich men and women, who are always giving them something positive to think about money-wise.
A gathering of the poor will most likely discuss the government policies, the latest crime and scandal with so much negative energy.
3. The rich grow bigger than their problems
When a poor man has a problem, he’ll first attribute to a spiritual attack from his village people. He’ll think about bad luck and how someone somewhere has been blocking his chances of growing big. After complaining, he’ll begin to look for solutions where there is none.
However, when the rich have a problem, they might scratch their head for a little while, but they won’t give up. They look for practical solutions to their problem and make sure the problem is solved.
5. The rich think ‘both,’ the poor think ‘either or.’
When you are interested in two items but you have an amount of money that can only buy one, then you have an opportunity cost of choosing one and leave the other.
A poor man in a situation like this will definitely choose one and let the other go. But a rich man who genuinely has interest in the two items will most likely invest the given amount of money, make a profit and then come back to buy both items.