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How can Poor Adjust Investing Mindset Like Rich

 There is the big reason why poor becomes poorer and middle class lives always in middle class but rich becomes richer. Difference is in their Investing Mindset. Rich people investing mindset is simple. They say, I will invest in the asset which brings money in my pocket when I do not work. For example, they invests in large amount of real estate which gives them rent. They invest in share market which gives them dividend. Poor and middle class in education and finding job. They invest in hard work and they invests in saving. Due to this, they only pay tax and buy liabilities like own home and own car and pays its debt and interest. Now, how to come from this rat race. Answer is simple, to learn the simple steps to adjust your investing mindset like rich people. 

Following are its Simple Step 

1. Start Invest Like Rich People 

a) Rich people never buy liabilities with their investment. So, never buy liabilities like own home. If you have extra home, give it on rent or set up your own business and your employee works in it and earn for you. 

b) Rich People never buy own car. It has huge maintenance cost. Convert it as your business car and use it for business or Show ads on it for promoting your business. 

c) Never Invest your time to do job. Because if your salary income will be Rs. 3,00,000 or more, you have to pay income tax. Not, you pay but your boss will deduct income tax 5% if you are earning Rs. 25,000 pm means you came in tax line. 

When your salary will become Rs. 41,666 pm or 5,00,000 pa , you have to pay income tax with more rate means 10% and it will auto deducted before paying your same income 

When your salary will become Rs. 62500 pm or Rs. 750,000, your income will deducted with 15% income tax

When you will earn Rs. 83,333 pm or Rs. 10,00,000 pa, your income must deducted with income tax of 20%

and if you are earning salary Rs. 125,000 or more, you have to pay 30% income tax.

It means, more salary means more planning of you become poor or middle class and never become rich. 

So, stop this time investing.

Invest your time in your business because if you spend all your income in business, you need not pay any tax because you are not carry income for personal use. 

2. Investment for Passive Income Mindset

If you are employee or self-employed or small business, you have to adjust your investing mindset like rich, for this you have to invest your money from active income source for getting passive income instead active income. 

There are main 3 Sources of passive income 

a) Invest in Real estate for getting passive income of Rent

b) Invest in Books for getting passive income of Royalties 

c) Invest in Business Distribution for getting passive income of profit

You got salary, saved 10% for buying real estate. When these saving money is equal to the price of real estate buy and give it on rent and sell it on hire price. 

You got salary, invest its 10% for paying writers, promotion of your own books and eBooks. 

You got salary, invest its 10%  in your own business employees, infrastructure and team. 

Now, feel good 

3. Investment Opportunities Mindset 

Instead feeling that investment in real estate or own business is risky, you never become rich. You have to make your investment opportunities mindset. Investor main work is to find opportunities in different business for his investment. Buy at low and keep it long term for wealth growth and get its income and become rich. 

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Svtuition: How can Poor Adjust Investing Mindset Like Rich
How can Poor Adjust Investing Mindset Like Rich
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