Poverty mentality is a mindset that people develop over time based on a strong belief that they will never have enough money. When you've got a poverty mentality your mindset is fixed on a strong belief that everything is hard to get, i.e. it's difficult to make money, get ahead in a career, make friends and so on.
No matter what strategy you deploy or how hard you work, the success of your plan to be wealthy is directly determined by your thoughts. Wealth for you might just mean being comfortable.
Most businesspeople know their mindsets play major roles in their successes. They may not realize, however, that perceptions of money and wealth could also influence their decisions, whether in the scope of their enterprises or personal lives. Some people have a poverty or poor mindset, while others uphold an abundance or rich mindset.
People with the Poor Person's Mindset are the type who live paycheck to paycheck. They never invest their money, they rarely save their money, and will often resort to paying for things with credit. In contrast, those who are focused on building and accumulating wealth don't spend exorbitant amounts of money.
With a mindset driven by fear, there can be no comfort nor contentment in your life, and this is no way to live.
Life is not a rehearsal is it, so there isn’t a second to lose. Let’s look at the traits of a poverty mindset and how to train yourself to think differently about life and what you really want from it.
Oprah Winfrey was born in rural poverty, and raised by a mother dependent on government welfare payments in a poor urban neighborhood, Winfrey became a millionaire at the age of 32 when her talk show received national syndication. Winfrey negotiated ownership rights to the television program and started her own production company.
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