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INVESTOR RESOURCES

MONEY TALK

FINANCIAL FREEDOM STARTS IN YOUR MIND NOT YOUR WALLET Rich vs. Poor Mindset: Which Do You Have?

by Marco Santarelli, Norada Real Estate Investments

So many people do not obtain financial freedombecause they do not have one thing: the right mindset. The rich and the poor not only differ in howmuch they have in their pocket, but also in how they think.

Rich Mindsets Always Focus on Positive Attitude. Poor people lack a positive attitude. Focus only on the positive; a negative attitude can hinder good things to happen to you. Rich Mindsets Do Not Flaunt Their Wealth. Poor people show off and live beyond their means. Be content with what you have while you build businesses and portfolios. Rich Mindsets Understand the Value of Education. Poor mindsets are oblivious to the importance of constant learning. You must always learn and update your skills throughout your life. Rich Mindsets Are Better at Risk Management. Poor mindsets often live in fear of taking risks. Be careful to manage risk. Protect yourself from over - spending money on wants. Rich People Build Multiple Streams of Income. Poor people put all their eggs in one basket by being depen- dent on one stream of income. Devote your time to planning your financial future. Rich Mindsets Believe in Saving, Investing, and Multiplying. Poor mindsets splurge on materialistic things and end up saving nothing to invest. You should save about 10 to 20 percent of your net income every year to invest. Do not put off saving for the future.

The Rich Believe “I Create My Life.” The Poor believe “Life happens to me.” If you want to create wealth, it is imperative that you believe that you are at the steering wheel of your life; that you create every moment of your life. The Rich Play the Money Game to Win. The Poor play the money game not to lose. Your goal is to have massive wealth and abundance. Be intentional.

Rich Mindsets Are Committed to Being Rich. Poor mindsets are uncommitted to being rich.

Be totally clear and committed to creating wealth. Do “whatever it takes” to have wealth as long as it is moral, legal, and ethical. Rich People Think Big! Poor people think small. It is time to stop hiding out and start stepping out. It is time to stop needing and start leading.

Rich Mindsets Are Bigger Than Their Problems. Poor people are smaller than their problems.

The secret to success is not to try to avoid or shrink your problems; it is to grow yourself so you’re bigger than any problem.

Rich People Focus on Opportunities. Poor people focus on problems.

Take responsibility for creating your life and have the mindset, “It will work because I’ll make it work.”

If youwant to get rich, then you need to change yourmindset and begin to see things from the perspective of thewealthy.

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