The Mindset: Poor -- Middle Class -- Rich

The first step to change is Awareness.

The second step to change is Understanding.

Find out what current mindset do you have:

POOR CLASS

Who: Employees, Laborers, Wage Earners
Education: High School or College Graduate
Most Valuable Resources: Paycheck salary
Resource Focus: Salary or Hourly wage
Time Setting: Next Payday
Major Financial Goal: To Survive until next payday
Cash Flow Management: "How much do I have in my wallet?"
Investment Sources: The government
Expected Rate of Return: Get Rich Quick
Advisor: Broke Friends and Family

MIDDLE CLASS

Who: Employees and Self Employed
Education:Values a College Education
Most Valuable Resources: Short Term Investments
Resource Focus: Networth (home & personal effects)
Time Setting: Long-Term
Major Financial Goal: To built up a vast net worth by age of 40 to 65 years old.
Cash Flow Management: Understands the value of CFM
Investment Sources: Invest in products or services created by others
Expected Rate of Return: 10% to 30%
Advisors: Financial Planner, accountants

RICH CLASS

Who: Entrepreneurs & Investors
Education: Values only "street smart" education from peers / self learning / what works
Most Valuable Resources: Time and Long Term Investments
Resource Focus: Cashflow, Net worth (real assets) and Network
Time Setting: Adapt to each financial goal or investments Financial and Time Freedom
Cash Flow Management: Understands that Cashflow Management is the key to all wealth foundation.
Investment Sources: Create products and services to sell to the middle class and masses.
Expected Rate of Return: 50% to 300%++
Advisors: Themselves, each others, selected professionals and mentors.

Source: Laws of Leverage by Rane Panaligan, CPA

If you want to be Rich let us go to the third step to change which is called Reconditioning. The Create Abundance Business School purpose is to offer a venue for the poor and middle class mindsets to recondition and take action towards shifting to the Rich mindset. From the left side of the Cashflow Quadrant to the Right Side of the Quadrant.

Start taking action by attending our Cashflow Gatherings and Wealth Courses and attempt to join the Core Team where theRich Dad Power Investing Plan is seriously executed.

Entrepreneur Coach is inviting you to join her exclusive online business community www.ca2020.net and Create Abundance International Community at facebook http://createabundance2020.com  Read what community members say about Create Abundance at http://iloveabundance.vox.com. 

Posted via email from Entrepreneur Coach