What is Poor Man s Thinking?What s so scary about it?

Mondo Finance Updated on 2024-01-31

The poor mindset refers to the lack of long-term planning and the mentality of overdrawing immediate benefits. A story vividly shows the thinking of the poor, and it makes us pause. In the story, there is a poor man who has nothing, and he is sympathized with by a rich man, who gives him a cow and tells him that if he uses the ox to clear the land in winter, he will be able to get rid of poverty and become rich next autumn. The poor man followed the rich man's advice and let the oxen plough the land, but soon he found that life was more difficult than before, because the cattle needed to eat grass and the people needed to eat. Faced with difficulties, the poor begin to fall into the trap of short-sighted thinking.

Lying in bed at night, the poor began to think about whether to sell their cattle and replace them with sheep that were more reproductive. He believed that sheep multiply faster and can bring wealth faster. So the next day, he got his wish and sold the cow and bought two sheep with the proceeds. However, instead of waiting patiently for the sheep to breed lambs, he found his life more difficult because the sheep needed food and he could not make ends meet on his own. So, the poor man decided to sell his sheep and use the proceeds to buy a flock of chickens. He believed that chickens lay eggs faster than sheep and reproduced, but he was not satisfied with eating only eggs and killing chickens from time to time to satisfy his hunger.

Eventually, when only the last chicken remains, the poor fall into despair. He decided to sell the last chicken and cheered in celebration. However, when the rich man saw the poor man lying drunk at home, his family was still poor, and he left disappointed. The poor are still trapped in poverty.

This story teaches us that the poor do not think because of a lack of ambition, but because of an excessive overdraft of time, energy, and money, as well as an excessive pursuit of desire. The poor tend to overdraft their spending and spend their money on food, drink, and merrymaking, while the rich spend more modestly and use their money for a growth mindset and investment careers. The wealthy are more rational about spending, focusing on the future and making more informed choices.

For example, suppose your salary is only 8,000 yuan, but for the sake of face and spectacle, you buy a car and pay the car loan 5,000 yuan every month, so that your salary cannot afford the car loan at all, you will feel anxious. Your mind will only think about how to make money quickly, and will not pay attention to whether the job has a future, and will only choose a job that makes money quickly, regardless of the long-term. The more money you are short of, the more anxious you are to earn it, and the choices you make in your rush to earn money are often wrong.

On the contrary, the wealthy, due to their deep pockets, do not only make choices for the money in front of them, but think more rationally and think about the future. As a result, they are able to make better decisions, which is why the poor get poorer and the rich get richer.

If you don't have a solid foundation for your career, I advise you not to rush to buy a property, a car, or get married and have children. Instead, you should focus on your career development, grow yourself, and seize opportunities. Keeping money in your pocket, making the right choice, and laying a good foundation for your career is the most important thing.

Every rich person does not become rich all at once, they succeed through the right choices and continuous accumulation. Therefore, plan for the future, don't rush for immediate benefits, and don't just sell your physical strength and time for a meager salary. Only by insisting on growing oneself and thinking rationally can we move towards the road to success.

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