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It is important to know how rich and poor people think about money

By Nader AdelPublished 4 years ago 3 min read
Life is hard but we can make it easy if we think smartly

1. How do rich and poor people look at money?

Poor persons look for education at schools and then go to university to get a certificate to be qualified to apply for certain jobs. They play in the safe zone and don't need to take risks in their lives, while rich men look like they don't need to be qualified for specific jobs. They can take risks in their life to get money most easily. You need to have financial intelligence in your life and that we don't learn in our school. Poor people advise their children to get a better education and then better jobs so they become safe in their lives. Rich people advise their children that in addition to their jobs, they can get money with investments and make money work for more money.

2. How do rich people become rich?

Most people take the usual salary to do their jobs, and then about half of that salary is taken into taxes, so they continue to work to get more money. The taxes increase with the increase in their salary and their work. They get stuck in a maze that they cannot get out of for life, and they find themselves at an old age and do not have enough money, so they become middle-income or low-income. The rich learn more about financial intelligence, which enables them to get money most easily, that is, in addition to their work in a specific job, so he takes their salary and puts it into projects that add some money to their salary, and through this increase he achieved, he can pay taxes without harming the amount of salary he receives. The poor spend money on expenses, while the rich spend money on other sources of income. An example of the expenses is buying a larger house, a luxury car, or a new phone directly through your salary, that is, full dependence on your salary, but the meaning of income sources, i.e. small projects, shares in the stock market, buying small real estate at least in The beginning of your working life, and through these projects, you can buy your supplies and pay taxes, and part of this money remains to be invested in other and other projects until your sources of income increase and you become rich.

3. Thinking of your own business.

You must start looking for a project or a small business so that you do not depend entirely on the job and get stuck in the maze and allow the employers to exploit you and give you a small salary in return for the work you accomplish. The job is a dilemma, and therefore your sources of income increase, and you may leave that job that disturbs you in your life and starts your company because you simply no longer look at money the usual way, but rather you make money work for more money without effort from you because you simply became one of the rich.

4. The best way to deal with taxes.

The poor take their salary and pay the bulk of the taxes and spend the rest of it on their urgent needs, so they face difficulties, but the rich when they take money, they spend a lot of it on projects or real estate, in addition to their needs, and then they pay the rest of the money to taxes, and that is done because they put the money in the right place Through their own companies, in which they appoint financial experts and people more intelligent than them, and thus escape from the tax trap and do not fall into it. Simply, the rich enjoy financial intelligence.

In the end, I hope to have changed your view of money and move from that thinking on the safe side to the more dangerous side that makes more money.

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Comments (6)

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  • basel amr4 years ago

    Great ideas. I'm looking forward for more

  • Ahmed Farouk4 years ago

    Great article,keep it up👏❤️

  • Ahmed Elzahy4 years ago

    Helpful article and amazing author ❤

  • Ahmed Elzahey4 years ago

    Good article from good author ❤

  • Ahmed Elzahey4 years ago

    You are a great author ❤

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