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  • Kris Korhn here and today, me and my real estate business partner, Steven

  • Miller, are going to be talking about 15 things that poor people do that rich

  • people don't and instead of a quicker video, we're actually going to step back and

  • not just talk about the 15 things that the that the rich people and the poor

  • people are doing differently, we're also going to show you 15 things that the

  • rich people do and how they think that makes all the difference in the

  • world so it's a little bit longer but hang in there

  • because this is the knowledge after all the thousands of people that I've had a

  • chance to interview over the years and get to know and working with poor people

  • and wealthy people. I think there are some huge secrets and gems that are

  • going to be revealed to you in 15 things that the poor people do and also 15

  • things that the wealthy people do.

  • This is such a waste of time, okay. We're talking about 15 things that poor people

  • do that rich people don't and nose flutes is definitely one of those. Don't

  • you dare put that in your mouth. So I want to do a little shout out here to alux.com,

  • they've done a great job producing a video really talking about 15 things

  • that poor people do that rich people don't and Steven and I, over the years

  • that we've been in business, we've had a chance to work with thousands of people

  • on their journey of wanting to be successful, some of them make it and some

  • of them don't and we've gotten some strong opinions and ideas that we've put

  • together after all those case studies as to the things that poor people do that

  • rich people don't and alux.com, 8 of their 15 really resonated strongly with

  • us and then we wanted to bring some additional ideas to the table and what I

  • want invite you to do is take pen and paper and write these fifteen ideas down

  • and if you identify with any of these thoughts and ideas, I'm going to invite you

  • to make the conscious choice to change those behaviors because bottom line is,

  • they're likely not associated with successful people. - Alright, so let's go

  • ahead and jump right in. Again, this is the 15 things that poor people do that

  • the rich people don't and let's start with eating fast food. Now look, I will

  • say that wealthy people on the go, they eat fast food a lot too, theire fast

  • food just looks a little bit differently often. A lot of wealth people that I know

  • eat very healthy, they're very conscious about what they're eating, actually what

  • they're putting in their body, they are on a go go go, you know, they're getting

  • after their dreams and their goals, they're creating businesses and

  • networking with people so as they're doing that, they need to have their bodies in

  • optimal form and so eating fast food, the typical fast food, I won't throw out any

  • names here but eating your typical fast food is not good fuel. - It's not good

  • energy, it produces lethargy, you're not going to be on your A game, you get in what

  • you get out and if you're putting crap and you're going to get crap out. - Yep,

  • let's do the second one. - Okay. Number two, they buy clothes or products that are on

  • sale and there's an idea, there's a mentality here that says, I always need

  • the best deal, I need things on sale and so what they'll do is, they'll end up

  • bypassing really incredible opportunities that life has but

  • they're bypassing them because they're actually just looking for the deal,

  • they're looking for the sale, they're looking for the least expensive approach,

  • the least expensive way and again, you're going to get what you pay for.

  • - Can I talk about this a little bit because this goes into the subconscious

  • mind. If you're constantly looking for a deal, a deal means that you are taking,

  • it's almost like you're taking advantage of a system or taking advantage of

  • somebody or they have to be giving it to you for a low low price which means you

  • gouge them, you know, it's that negotiation strategy. If you're

  • constantly looking for that negotiation, you're constantly looking for that good

  • deal then in the back your mind, it means someone else is not getting

  • a good deal, that you're taking it away from them and rather than have that

  • constant at the back of your mind, going for sales and things like that, although

  • you may think that you're just going out to save money, really what you're doing

  • could be hurting another business or hurting someone else and like Kris said,

  • hurting you in the long run so don't always go out and look for the sale,

  • find what it is that you want and you get after it. - Find what you want, I love

  • that. Okay, number three, waking up late. Yep, I'm talking to some you night owls,

  • those of you that aren't burning the candles on both ends, in fact, you've got

  • the longest candle possible. You might be sleeping in and you might be staying out

  • late and ultimately what research and studies have found is that the

  • individuals that are sleeping in, they're not that early bird that's getting the

  • worm, they're actually sleeping in, they're missing a lot of life's

  • opportunities and just to do a little comparison here, Steven and I, we've got

  • habits over the years of waking up early to do our morning power hours, our

  • routines of waking up our bodies, our minds, our spirits, reading good books,

  • going to the gym, exercising, getting into our prayers, our meditation and all

  • that's doing is, often by the time a lot of other people are just waking up,

  • we've already soaked in so much of the beautiful promise that life has to offer

  • so here's our invitation is, choose to wake up earlier than you normally do and

  • just find out how much more effective you are, how much more productive you are

  • or just how much more conscious, awake, aware and appreciative of life that you

  • are. - Absolutely. Number four, poor people blame others for their misfortune. Now

  • look, I get it, it can be hard if you're in a situation where you don't have money and

  • you may see somebody else who has all this opulence or you know great things

  • that they've been able to create for themselves but don't ever blame anyone

  • else for where you are. If you get into that habit, you have completely stripped

  • yourself of any power to correct it. Rich people, people that are

  • wealthy, they don't blame other people for their circumstances. If something

  • wrong happens in their lives, they take full accountability, they pull it on all

  • into themselves, they say okay, what can I change so that can create a different

  • result and that puts the power to their hands so if you find yourself blending

  • others a lot for your misfortune, if you find yourself, you know, sweeping the

  • accountability off to somebody else then just take it back, take it back and

  • you'll have the power to create whatever is that you want. - Well, I want to ask this

  • question. Is it ever rightful to play the blame game? And I'm going to argue that it

  • is. I'm going to argue that if you try to create exceptions of like, no, but this

  • person really disadvantaged me or this person used their free agency to do this

  • thing that hurt me or this person really did something that they shouldn't have

  • done, every moment you spend focusing on that is in making an investment into

  • what you don't want so I get it, you know what, life's unfair. Steven and I, we

  • didn't start in privileged circumstances, we started behind, we started in debt and

  • as we've allowed ourselves to rise, this is something that we take really

  • personally is that, in fact, we even put on every month an empowerment workshop

  • called Limitless. It's a three-day event. You can learn more up here by clicking

  • that link. Get with us for a few days and we're going to share with you the

  • mindset of the wealthy, we're going to share with you the mindset not of wealthy just

  • in terms of riches but the wealthy that are receiving happiness, joy and

  • fulfillment in their life. That's the greatest form of wealth that I'm aware

  • of and what we're going to share with you is that you never get to go into that

  • blame game only because it disempowers you from being able to do anything

  • productive out of it. - Absolutely. So let's jump into number five number. Five is,

  • poor people do not save money. Now that may seem like a no-brainer, they're poor,

  • they don't have money so they're not saving it but really this is a principle

  • of budgeting and saving just on a very granular level. Poor people don't ever

  • put any money away, this isn't and I'm not talking about hundreds or even

  • thousands of dollars, if you have a very small budget or if you have a very low a

  • little amount of money that comes in every month, you have an opportunity that

  • you could even just save a couple dollars, even just a couple of dollars

  • over several months or many years could turn into enough money to get

  • maybe a bigger thing that you've always desired, you've always wanted, it's that

  • idea of setting a goal, sticking to it, budgeting. This is kind of going

  • around that same conversation so poor people don't save money. - If you feel like

  • you do have a hard time saving money, I want to invite you

  • read one of the classics. It's a short book it's called The Richest Man In

  • Babylon. It's a fantastic book that just shares the analogy and life of one man

  • and choices that he made in basic rules that allowed him to eventually become

  • very very wealthy and it started with having no money and just starting with a

  • couple of small rules and listen, even if you're below the poverty level,

  • trust me, get the book, read it. It's going to help you. Okay, number six,

  • you're using credit cards or loans to buy things that depreciate in value.

  • Okay, we're buying useless things, we're buying things that are actually not

  • building, we're buying things that aren't actually helping us and it's amazing how

  • quickly the money can flow right out to things that lose value so I go and buy a

  • computer, well six months from now, that computer's going to be less. Even

  • this is the first hour that I walk away with it, it's less, two years later, it's

  • going to be less. Now, you may need a computer but think about some of the

  • things. Are we buying more car than we can afford? Are we buying other things

  • and for that matter, it is amazing how much money can go into junk food and to

  • things that we don't need and ultimately, we're going into debt for these things

  • and by the way, I've gone into that debt for business ideas that have made me money.

  • I've gone into debt for things like real estate, I've gone into debt for things

  • that have made me money and that's a good debt so make sure that you're

  • learning that poor people are really good at going into bad debt, rich people

  • are really good at going into good debt. - So this jumps right into number seven

  • and number seven is about spending money before you get it. Poor people spend a

  • lot of money before, this is the credit card .. - My paycheck is on Friday, I got 2 days to

  • go and I already know how I'm going to spend. - Or even going and

  • getting up a payday loan. How many people are going off and giving these payday

  • loans?One of these these companies that will give you money for a title or title

  • loans so that you can have what you want now rather than delaying that

  • gratification for a while and earning it until you've got enough saved up so you

  • can get it. Don't spend money that you don't have. - Okay, now this is number

  • eight of the ideas that we want to share from alux.com. Again, a huge shout out to

  • them, you guys produced a fantastic video, you should check it out. Never following

  • through on ideas as number eight, never following through. So you have an idea

  • and what you do is you become an amazing procrastinator and I'm gonna get to that

  • someday. Now if that speaks to you, if you know,

  • oh man, Kris, that totally pricked my heart, I do that sometimes. Here's the

  • good news, this video is not an indictment on any

  • of these things that you're doing wrong, it's an invitation that says mount up,

  • take courage, cowboy up, go out there and do something about it. If you know that

  • you're bad at follow through then guess what you get to do, you get to develop

  • the skill of hey, maybe I'm going to start using my phone for a different

  • purpose. I'm going to take my notepad, I'm going to take

  • note of every idea that I get to follow through on and then I'm going to put it

  • where my money is and where my mouth is. Right now, if you want to know what

  • people are truly committed to, it'll show up on their calendar or it'll affect

  • their pocketbook and that's what you get to start doing so if you have an idea,

  • make sure that in the least, you schedule time where you're going to tackle it,

  • jump in and make that happen. - I want to jump into some of the things that Kris

  • and I wanted to add to this list now and this starts with number 9 and number 9

  • is about quitting. People that are poor or have that poor man mentality, they

  • often quit when things get hard. Now I want to help you understand something

  • here, this is a principle that if you will internalize this, it will change

  • your life. Things that you've never done before will always be hard. There is a

  • difficulty level to things that you've never done before,

  • it may not be hard physically, it may not be hard just emotionally or mentally but

  • it's going to be hard in one of those areas. When things get hard, you're that kind of

  • person that's always just going to quit, throw your hands up and say nevermind,

  • this isn't for me then you'll never accomplish anything outside of what you

  • currently have and if what you currently have is poor or what you currently have

  • is not wealth, what you currently have is something that you're sick and tired of

  • then you have to continue through, you have to break through that barrier

  • instead of quitting, you've got to blast through and start succeeding and the

  • only way to do that is to understand that when it gets hard, you're going to just

  • keep on going. - The reality is, every endeavor you have, every goal that you

  • have, every business you want to start, everything that you want to do, it has a

  • gestational period of time of how long it needs before it can become successful

  • and you won't figure out what it is until you're in hindsight, you won't

  • figure out what it is until you got that 20/20 vision looking in the rearview

  • mirror so you have an idea and it could be that it takes in 90 days for it to

  • come to fruition become successful but if you have practiced becoming a failure

  • at day 1, day 3, day 5, day 20 or 89 days, the day before it really was going to pop

  • then you've never really given any of your ideas an opportunity to bloom and

  • so one of the things that you get to learn how to do is instead of quitting,

  • you get to learn how to do hard thing, you get to learn how to stick with it

  • and ultimately, become the definition of constant, sustainability and stick with

  • it nests. - Alright. Number ten, entitlement. Wow, this is a big one, Kris.

  • We've met so many people over the years who kind of came to us, they

  • started off with this entitlement mentality, we've been able to help them

  • again take on more accountability. What is entitlement mean? Well, there's

  • this old school Disney cartoon that I watched when I was a kid growing up and

  • it was Goofy. Goofy from Disney going up the mountain, singing this song. He's like,

  • "Oh, the world owes me a living." and that phrase, I sung that tune so many times

  • but now as an adult where I'm at, I'm like, what a poisonous message. The world

  • does not owe you anything, the world does not owe you a living. In fact, people in

  • the world will often use their own agency to benefit you but they'll also

  • use it to disadvantage you and sometimes it's intentional, sometimes it's not

  • intentional and the bottom line is, here you on this planet, you were born into

  • the system and what are you really entitled to, in fact, in our government, we

  • like to talk about the entitlements, the things that I'm entitled to. You know

  • what, I'm not going to allow the government, I'm not going to rely on the

  • government to take care of me, provide my medical or do these things, it's great if

  • it does. The moment it's not providing for me and I start going into the blame

  • game is the moment I disempower myself to go out there and make it happen

  • so entitlement says people only thinks the world owes me things, family owes me

  • things, parents owe me things, the world owes me things, we're just stepping into

  • a new idea and a new belief that says, I get to take ownership and claim

  • the things that I want life. I get to step up and make the map and I get to be

  • a self-made. - I want to talk to also the people that aren't maybe just poor, maybe

  • even the entrepreneurs right now who have stepped into an entitlement

  • mentality because I've been here before, Kris and I. Kris, you know, we've started

  • some businesses before and I got to a point once, I just want to tell a quick

  • story personal real quick, I got to a point once where in our

  • business, I was one of the owners of this business and I got into this

  • entitlement mentality. I thought the business owed me something,

  • I thought that because I had a title and ownership and all these different things