I explain 7 things poor people do that the rich don't and how to think like a millionaire during 2020. We look at the rich vs poor habits during a recession & financial crisis.These are the 7 things poor people do and the rich don't. So follow this video if you want to think like a successful person!
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1. POOR PEOPLE SPEND MONEY ON LIABILITIES, RICH PEOPLE PEOPLE INVEST IN ASSETS
During a recession this is more important than ever as there are lots of potential deals to be had.
In life we are constantly living on a seesaw, on one side we have fancy cars, expensive clothes and unnecessary gadgets. On the other side we have rental properties, paper assets such as stocks and shares and businesses.
The key is working smarter not harder. We rich minded people understand that investing more into our assets and spending less on liabilities will provide us with a constant stream of income for years to come.
2. POOR PEOPLE FOCUS ON OBSTACLES, RICH PEOPLE FOCUS ON OPPORTUNITIES
Now is one of the best times to start a new business as there are so many different industries booming online. This is the time to take your fair share of the millions of dollars being shifted to new exciting start ups.
3. POOR PEOPLE THINK THEY KNOW EVERYTHING, RICH PEOPLE ARE CONTINUALLY LEARNING
Reading books is about expanding your mindset. It’s about learning things you never knew before and then turning those newly learned ideas into actions in your own life.
By upgrading your skills and investing in your education you are increasing your chances of success dramatically
4. POOR PEOPLE COMPARE THEMSELVES TO OTHERS, RICH PEOPLE RUN THEIR OWN RACE
You see poor people are constantly comparing their weaknesses with other people's strengths. It completely ruins their confidence and the worst thing is, it isn’t at all necessary.
In the current situation everyone is looking to other people for direction, most people are scared and as much as some people will try and convince you otherwise, no-one truly knows what the economy is going to do.
Being you and making your own decisions ! This is the only game you can really win.
5. POOR PEOPLE SPEND TIME WITH LOSERS, RICH PEOPLE SPEND TIME WITH SUCCESSFUL PEOPLE
Poor people’s mindsets are often created by no fault of their own, they are surrounded by negative people who discourage success and drag everyone down to the same level.
Rich people understand that attitude is everything. This is more important than ever, if they were to continually hang out with people that complain about the recession and speak negatively about the state of the economy, then they will likely start doing the same thing.
If, however, these same people start hanging around individuals that continuously talk about success, opportunity, and the positive things in life, chances are that they will see the world from an entirely different perspective and take advantage of the opportunities that are at their fingertips.
6. POOR PEOPLE LACK CONFIDENCE, RICH PEOPLE HAVE IT IN TRUCK LOADS.
Poor minded people might be talented at many things, but they always seem to downplay them. Have you ever complimented someone for doing something well and they look down and mumble something like it was nothing , i should have done better, I made a few mistakes.
7. POOR PEOPLE SETTLE, RICH PEOPLE PUSH THE BOUNDARIES
CONTACT:
For business inquires only, please use this email: mark @marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Free Stuff:
📈 GET YOUR FREE STOCK WORTH UP TO $1,000 ON PUBLIC (for USA): https://public.com/mark
📈 GET YOUR FREE STOCK WORTH UP TO £200 ON FREETRADE (for UK): http://freetrade.io/marktilbury
💰 Get $10 worth of Bitcoin with code "TILBURY10" when you sign up and verify your account on Coinbase. (For EVERYONE): https://coinbase-consumer.sjv.io/c/2553549/1154763/9251
📈 LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (for USA/CHINA): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=LSq9TWxC5TaP
*The Info in this video is accurate as of the posting date. Offers are only available for a limited time*
My Links:
➥ Snapchat: https://www.snapchat.com/add/marktilbury
➥ My Second Channel: https://www.YouTube.com/c/marktilburyxtra
➥ My Podcast Channel: https://www.YouTube.com/c/likefatherlikesonpodcast
➥ Twitter: https://twitter.com/marktilbury
➥ Discord: https://discord.gg/hXjW6pY
➥ Instagram: https://www.instagram.com/marktilbury
1. POOR PEOPLE SPEND MONEY ON LIABILITIES, RICH PEOPLE PEOPLE INVEST IN ASSETS
During a recession this is more important than ever as there are lots of potential deals to be had.
In life we are constantly living on a seesaw, on one side we have fancy cars, expensive clothes and unnecessary gadgets. On the other side we have rental properties, paper assets such as stocks and shares and businesses.
The key is working smarter not harder. We rich minded people understand that investing more into our assets and spending less on liabilities will provide us with a constant stream of income for years to come.
2. POOR PEOPLE FOCUS ON OBSTACLES, RICH PEOPLE FOCUS ON OPPORTUNITIES
Now is one of the best times to start a new business as there are so many different industries booming online. This is the time to take your fair share of the millions of dollars being shifted to new exciting start ups.
3. POOR PEOPLE THINK THEY KNOW EVERYTHING, RICH PEOPLE ARE CONTINUALLY LEARNING
Reading books is about expanding your mindset. It’s about learning things you never knew before and then turning those newly learned ideas into actions in your own life.
By upgrading your skills and investing in your education you are increasing your chances of success dramatically
4. POOR PEOPLE COMPARE THEMSELVES TO OTHERS, RICH PEOPLE RUN THEIR OWN RACE
You see poor people are constantly comparing their weaknesses with other people's strengths. It completely ruins their confidence and the worst thing is, it isn’t at all necessary.
In the current situation everyone is looking to other people for direction, most people are scared and as much as some people will try and convince you otherwise, no-one truly knows what the economy is going to do.
Being you and making your own decisions ! This is the only game you can really win.
5. POOR PEOPLE SPEND TIME WITH LOSERS, RICH PEOPLE SPEND TIME WITH SUCCESSFUL PEOPLE
Poor people’s mindsets are often created by no fault of their own, they are surrounded by negative people who discourage success and drag everyone down to the same level.
Rich people understand that attitude is everything. This is more important than ever, if they were to continually hang out with people that complain about the recession and speak negatively about the state of the economy, then they will likely start doing the same thing.
If, however, these same people start hanging around individuals that continuously talk about success, opportunity, and the positive things in life, chances are that they will see the world from an entirely different perspective and take advantage of the opportunities that are at their fingertips.
6. POOR PEOPLE LACK CONFIDENCE, RICH PEOPLE HAVE IT IN TRUCK LOADS.
Poor minded people might be talented at many things, but they always seem to downplay them. Have you ever complimented someone for doing something well and they look down and mumble something like it was nothing , i should have done better, I made a few mistakes.
7. POOR PEOPLE SETTLE, RICH PEOPLE PUSH THE BOUNDARIES
CONTACT:
For business inquires only, please use this email: mark @marktilburycoaching.com
*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Hi, it's Mark. Today we're gon na be talking about seven things. Many rich people do to become rich and successful, even during a recession.. Currently, all the people over the world have been given an advantage.
We are experiencing a moment of stillness.. To be honest, the likes of which will not be seen for many generations to come.. We are staring down the barrel of another recession, which scares a lot of people, but it could be the gracious opportunity of your lifetime. If you act now and in the right.
Mindset., If you don't follow my channel, then you won't know that I've been extremely broke.. I remember leaving school at 16. I didn't have a penny in my pocket. I was struggling day-to-day to pay those bills.
I was falling deeper and deeper into financial debt.. I was earning $ 3, an hour working day and night just to try and make ends meet. When you're broke, and someone turns around to you and says: `` Money won't fix your problems.''. You don't wan na hear that it's a lot of rubbish.
And, let's be honest, they probably never been broken in their lives.. So what do they know? You see, I believe there are two different types of problems we all face.. The first one is something I like to call basic needs.: We all need water, housing, health care and food.. Now, if you're facing the first type of problems, then the answer to all your problems, there is clear..
You need to earn a more money. Everything you're stressing about can be solved with more money. When you fix the basic needs. Your focus shifts onto the abstract problems, which are things money, definitely cannot fix, such as love, happiness and fulfillment..
These are the things you have to work out for yourself.. For me, that's always been about spending time with my family, enjoying my hobbies, my interests and running a business that I'm truly passionate about.. So you can definitely be broke but happy.. You can also be rich but sad..
However, wouldn't you prefer to be rich and happy? Well, the number one reason people stay broke. Is they don't hit that Like button and Subscribe., But seriously the number one reason people stay broke? Is they have a poor mindset.? I'm not referring to their current financial situation, but their mentor one. Even when I was completely broke, I didn't ever believe had a poor mindset. Remember if you're able to create a rich mindset, it just never truly poor..
The great thing is your mind. Is the only thing that you have completely control of in your life.? So it's really up to you.. So, let's jump straight into it. Number.
One unsuccessful people spend their money on liabilities.. Successful people invest their money in assets. During a recession is more important than ever, because there's loads of potential deals out there to be done.. When was the last time you thought about buying something, and you took the time to decide if the item was gon na help bring money into your life or drain money away. In life we're constantly living on see-saw.. On one side, we got fancy cars, we got clothes, we got unnecessary.. On the other side, we've got rental properties paper for assets, stocks and shares.. The key is working smarter, not harder or taken advantage of when the economy is on its knees and buying up lots of long-term assets..
You can easily set yourself up financially for the rest of your life.. The first 10,000 is the hardest money you'll ever earn.. The truth is that getting your money to work for you and not the other way around is the only way to achieve real, long-term wealth. Number.
Two unsuccessful people focus on obstacles.. Successful people focus on the opportunities.. Now is one of the best times to start a new business., As there are so many different industries booming online. This is the time to take your fair share of the millions of dollars being shifted to new, exciting startup..
Let's say you have the most amazing business idea that has the potential to make you millions of dollars, but you never act on it because too many things are standing in your way.. How much is that idea actually worth to you? Well, the answer is absolutely nothing. If you're not gon na work on it., Have you ever chatted with a friend and they say ``, You know what I've got. The best business idea, `` in the world.'' They're extremely motivated certain that this will make them richer than rich itself..
You then meet up with them ix months later down the road. You ask them how everything's going you're really excited for them. ``? Oh, I haven't store it yet.'' And the reason is ``. Oh ,'cause of the government `` their job.
The economy.'' They've got excuse after excuse. The list just goes on and on.. When poor-minded people see a problem, they say bad luck., They quit and they stop trying.. When rich-minded people run into problems, they might scratch their heads for a while, but they don't give up..
They strike what to have the most passionate and the most motivation. The longer you leave an idea stuck up here in your head. The longer you'll have time to convince yourself that it will never work. So just get going.
If it doesn't work out. You know it's not the end of the world.. Just move on to the next thing. Until something works.
Number three unsuccessful people think they know everything about. Everything. Successful people know that always learning. How many people do you know that have been stuck in their houses for weeks on end, but all they do with their spare time.
Is they play video games? They watch Netflix.. Of course, I don't have any time to learn because they're spending the majority of their time escaping into a fantasy land where they don't have to think about their problems.. But you know what Ignoring your problems just makes them bigger and bigger.. The strange thing about learning is that the more we learn the more we know how much we don't actually know. It's about learning things you never knew before. And then turning those newly learned ideas into action in your own life. Really is sad that so many people Are getting laid off and becoming unemployed., But what is equally as sad is they're, taking advantage of the time, they're being given., Think of life as a video game.. Now it's a perfect time.
You can arm yourself read those books, watch those educational videos on YouTube. By upgrading your skills and investing in your education, you're, increasing your chances of success. Dramatically. People will say how lucky you are that the recession didn't hurt.
You., That's what they said to me twice., But the truth is luck when opportunity meets preparation., So never stop. Equipping yourself with the knowledge and prepare yourself to be one of the luckiest people alive.. The main point here is: if you fail to prepare, then you're preparing to fail. Number four unsuccessful people are forever comparing themselves with other people.
Successful people are just running their own race.. Now, in the current situation, everyone is looking to other people for direction.. Most people are scared and much as some people will try and convince you. Otherwise, nobody knows what the economy is going to do., Comparing ourselves to others and trying to keep up with their success without fully understanding the situation who cause us to make some silly decisions.
In the heat of the moment., Let's take Tiger Woods, for example, he spent years learning and perfecting skill he's now worth millions of dollars.. Now I love my golf, but if I was to compare my skills to his I'll feel pretty awful. Just because I don't measure up doesn't mean I should stop playing golf, although I should get depressed or jealous or resentful even.. If I was to put Tiger Woods in charge of my radio control model design business, then I doubt the models would even fly..
Comparing yourself to others is literally a shortcut to inaction.. There's only one thing: you're better at than any other person. Being you and making your own decisions. Number five unsuccessful people spend time with losers.
Successful people spend time with winners. Back when I was in my early 20s. I know it's a little while ago I supplied some products to one of the richest guys in the UK.. I was surprised he was such a normal down to earth guy, but he just made it big..
We sat and chatted over coffee life and everything. And it opened my eyes to the need for multiple passive income streams.. Now, just by having this one chance meeting with a successful person, it entirely changed the direction of my life for the better. Rich-minded people understand the attitude is everything..
This is more important than ever. Now, if they were to hang out with these people talking negatively and talking about the state of the economy, you know they are likely to end up doing the same thing.. If, however, the same people start hanging around individuals that are continually talking about success about opportunity, positive things., The chances are, this is gon na rub off on them., And that gives you all the opportunities at your finger. Tips. Number six unsuccessful people lack confidence.. Successful people have it in truck loads.. Have you ever complimented someone for doing something well And they look down a mumble, something like ``? Oh, it was nothing awful should have done a bit better. ``! Oh I made a few mistakes.''.
Maybe they don't lie to blow their own trumpet because they don't want to look cocky. Or I don't know they lack self-confidence., But by downplaying their skills they make others think they're worth less.. This is even more important in a recession, because the more confident you can be, the more confident your clients will be. Your team will be in your abilities..
There isn't as much money going around. So the more confidence everyone is with your abilities, the better you're gon na do. Number, seven unsuccessful people. Just settle.
Successful people push the boundaries.. Let's say you won half a million dollars on the lottery., And this was your favorite car, the Lamborghini Aventador.. Now a person with a poor mindset would probably handle the situation. I don't know something like this.
Right. I spend it all on the car, because that's what I really want., All my life, I've dreamed of buying this car and I'll never have enough money to be able to afford it ever again.. He goes out and he buys a car.. He has an instant rush and feeling of `` Great I've got what I've always wanted.''.
However, the person with a rich mindset has a bit of patience.. He understands opportunity costs.. If he decides to buy a car, he knows he's sacrificing all the money that his investments could make for him.. So he decides to invest every penny, so he's wealth grows..
Maybe he invest in stocks and shares. Maybe he launches his own business or maybe invest in real estate.. Let's fast forward a year or two down the line., The poor-minded person has none of his winnings left.. It all he's got left is a depreciating dream car, so he's losing money.
Week after week, he's desperate to sell it., Whereas the rich-minded person has all of his winnings left, plus more from the growth of his investments., He's looking to buy a pre-owned Lamborghini Aventador for at least 50 % less costs. Now he's got everything he wanted and more.. They both started off with the same amount of money.. The only thing that was different was their mindset..
This is especially important during a recession.. The stock market has crashed, interest rates are an all time low and to invest in real estate, for example, would make a dramatic return.. So from this you can see that you can choose to have a poor mindset or you can choose to have a rich mindset.. Now, as you've clicked watch this video and subscribe to the channel, I think I know which one you'd prefer.. I know you're gon na love this next video, I'm gon na leave it right there for you.. Don't click on that just yet smash that thumbs up button. If you found the video interesting and finally, if you've got any questions, just leave them in the comments down below.. What are you still with doing? There Click on the video..
Now it's going to be awkward. Click on the video.
I spent over 20 years dying of a serious liver illness it was awful! I spent every waking hour learning digital craft Then on the 11th hour a permanent cure was found! Now I don’t feel like I’m dying everyday I’m off on a new adventure, thanks for the video series Mark very honest and candid, everything worthwhile is difficult at first.
i am a kid should i start investing or wait until i am an adult
Thanks for the word! I just open my investiment account, waiting for my fund transfer to be complete. Im learning painting and diital multimedia art.
your a great human, people like you who teach for free are the best
nothing sure pisses me off more than half of europe getting trapped under communism, and other half trapped under american capitalist consumerism.
Poor people pay their bills, RICH people DON'T! A poor man goes into a store and needs bread and milk, but just has money for ONE of them, and thinks "I can just get one thing." A RICH MAN thinks I just have money for ONE thing, but I WANT FIVE things and walks out of the store with ten and pays for one, and THAT is how he becomes RICH. They tell you this in their weekend seminars they charge hundreds of dollars for and the $50 books they sell you. Look at Bill Gates. He knows nothing but how to steal and how to wrap himself in lawyers and he's one of the ten richest men on Earth. Bezos and Musk are just rainmakers lying to everyone. 21st Century Bernie Madoffs. The emperors have no clothes….
Privileged westerner. All you NEED is a full belly and a dry place to sleep. The rest is luxury.
I if you think love has nothing to do with money , you know nothing about modern woman !
LOL!
I am currently trying my best to save for a house…Which is pretty tricky. Lucky I am able to live at home still while saving. I do only have a small amount invested but it is a work in progress. I do know how to save it. "Oh i really would like that new phone – NO its costs and you don't need it. $800 is 50 hours of work. Use money wisely and don't waste it on things that you don't need, just to look good.
So he invests in stocks, and loses everything jn the stock market.
It is important to invest after you know how. First learn then earn.
I downplay my success in front of the losers so they do not try to hold onto my coat tail.
Tried real estate once. Left me tens of thousands of dollars in debt because tenants were bad.
Hi Mark. I have watched quite a few of your videos at this point and I have got to say… this is the one that brought me the spark of motivation that I needed. Thank you for providing us with your positivity and knowledge. The world is a much better place because of it!
Cars on PCP are today’s financial no no,people convince themselves they are doing well because they drive BMW for £450 pm that they will never own…..
"luck is when opportunity meets preparation." DANG. i had to pause the video just to write that one down.
I'm not a successful person yet, but I have to believe that the idea of spending time with "losers" vs spending time with "winners" is not fair, if I'm successfully minded then it shouldn't matter who I spend time with, if anything I make the "losers" better by spending time with them. I would think the same can be said for those who spend time with Elon Musk or Richard Branson. Just my opinion, thanks for the great motivating video!
Given the symbolic meaning of a hoodie, using it to represent poverty is not a good idea.
nothing about how they dress in accordance with the thumbnail?
Do you live in America? because you sound like every bloke on my street in London.
Great video Mark! A lot of ideas here can also be found in Kiyosaki's Rich Dad Poor Dad, which itself borrows a lot from Richest Man in Babylon. I guess good ideas themselves are perhaps some of the best investments as they keep compounding through time!
Date of April 2020, last part of the video, says "nows the time to get into real estate." Good call.
Would. You. Please. Just. Send. Me. A. Million. Dollar. And. Stop. Telling. Me. How. I. Get. It. After. 204797 years.
Thanks
Ok! But how does one delete the brain washing that as kids one got in church, that rich people are evils sobs, and in line with the devil.
Thanks for making this, and what you said about confidence really hit me as I wrote that down as something I'm gonna need to win and gain a lot of clients. I give all the credit for my journey in life to Jesus Christ. Have a blessed day!
#1 invest in stocks and bonds instead of the closet contents.
#2 drive same old car until the wheels fall off. Pay for the old gently used car with cash.
I was not prepared for the gently used car to get stolen. I got lucky and the $19,000 gently used car I replaced with another only cost $22,000.
The dealer made me an offer for it last mouth $15,000 for trade on a $32,000 new car that was not moving off the lot.
Do the math 32k -15k = 17k. Sounds good? Yeah good luck walking out without a payment package. Real cost? 26K.
Basically the dealer got the very sellable 2016 for free.
#3 Make double payments on the mortgage they got sucked into.
#4 keep the same house instead of sell and getting a bigger house and bigger mortgage. Keep the old one and rent it out.
If you get a reasonable renter and the mortgage is paid off. Lower the payments year after after to where it is lower than what a comparable house would cost with a 20% down.
Mark I'm not an expert at stock but I became a millionaire investing in it as beginner with a a capital of about 350 grand, from what I've witnessed , risk management is better when you have a good financial expert trader handling your trades…thanks to Julie Aviva Maughan a licensed US broker, I will be counting my second million this year.
Darn successful people of all the things to take why my confidence and then to stuff it into that truck of theirs.