How you think about money is one of the most important lessons you\u2019ll learn as an entrepreneur or business owner. Here, I dive into how the rich, middle-class, and poor think about money and hopefully challenge some of your assumptions on how you view wealth. A lot of people think wealth and riches are determined by how much cash is in your bank account or your net worth, but it goes a lot further. How you think about money influences your financial status, and your perspective is mission-critical.
I walk through the three psychological approaches to money and why rich people see it as a tool for creating even more wealth. Poor and middle-class people believe money controls them, which can be a major roadblock. As a wealthy person, you know you\u2019re in control of your money, which is why it\u2019s important to create the right systems that allow you to generate cash flow for the long term. It\u2019s important to focus on your legacy, and generating passive income through your investments is the key. If you want to be rich, you\u2019ll need to think like rich people.
What\u2019s Inside:
\u2014How your money mindset influences your financial status.
\u2014The three psychological approaches to money.
\u2014Why you should focus on your legacy.