This is the final installment! (See the first and second one by clicking the links.)

This is pretty important

I see so many people who are angry with others who they believe are rich. Why are they angry? Usually it stems from jealousy, or on the surface it appears as the person didn’t earn what they have.

Here’s a personal example. I’m a single mom, single-income family of six people, six dogs, 3 cats, and 2 birds. I accept second-hand clothing in very good condition from people I know. I just got a whole bunch of name brand, business casual clothing (some with the tags still attached) from my good friend and soul sister, Kayla. I’ve received several compliments! I dug my make up out, and I’ve been dressing up a lot lately. It makes me feel better. Now the downside of this is also that some people think I went on one heck of an expensive shopping spree. Because of that, they think that I am rich all of the sudden. Bless their hearts!

I have earned (by working hard even when people don’t see it) what I have. The Rattlesnake house was not gifted to me, I pay for it (sorry to burst anyone’s assumption bubble), my van and car are my personal purchases not the company’s. I work hard for what I have.

What really irks me is to hear, “Well it must be nice!” from someone who thinks it was handed to me. Well the clothes were because Kayla loves me, and I love her and her style! So, it is nice. It is also nice to work hard and earn something. It isn’t nice for people to treat me or anyone else as if it wasn’t earned.

The people who do that are prime examples of the poverty mentality. They assume I am Lee and Sue Ann’s pet and now just get handed everything. That is their own poverty mentality not allowing them to see that I do work for what I have. They assume others have a rich relative or some bundle of money somewhere that provides what they have. Maybe the people who do this would have something nice, too, if they took accountability for their actions, were careful with spending and really tried. At least they’d not have an ugly view of the world.

More poverty mentality hang-ups

Also, if you are stuck in the poverty mentality, being a landlord IS NOT the job for you! To be a successful landlord, you have to be able to save money and have patience. You can’t touch any of the rental income for a minimum of 10 years. You can’t live off of that rental income. Read that last sentence again. You have to build that rental account up for paying the mortgage, taxes, insurance, advertising, vacancy, repairs, etc.

Plus, you have to remember that the deposits people give you have to just sit somewhere for when they move out to be refunded as appropriate. If you meet a landlord with a poverty mentality, RUN! Chances are they won’t keep that house and you will never have any maintenance issues addressed!

If you believe that you will just never have as much money as someone else, you’re correct. Stop comparing where you are to where someone else is. Make a savings account, get serious, stop blaming people who have more than you for you not having everything you want.

So I am asking our readers that have overcome this mentality, how did you do it? What made that change happen? Grow your prosperity mindset everyone! Throw that poverty mentality in the trash where it belongs! Oh and BTW, the lottery is not a retirement plan. But that’s a whole other blog.

Hermann says please like and share!

That title doesn’t make much sense, does it? I’m using it as an example of poverty mindset. I know many people who have this mindset, but aren’t actually that bad off. They say, “We just can’t afford a vacation this year. We just don’t have the money.”

Do they really not have the money, or do they not have the ability to save money?

As I have pointed out before, I am not super wealthy person. I am overcoming the poverty mindset myself. I read a great article, found here that states, “38% of American households making $40,000-$100,000 per year could not cover $400 for an emergency without going into debt.” They got their information from a report found here.

You probably can afford a vacation, but you will have to save money. I see a lot of people not wanting to do something if there is not instant gratification.

But consider this! Saving money can provide instant gratification if you reward yourself for every deposit.

It is becoming more rare to find people who are good at saving money. I’m guilty too! But I am working on that.

“Well, Mandi we just can’t have vacations, nice things, or nice Christmases because we just can’t afford it.” Yeah, you probably can. It might mean that you can’t upgrade your phone every 6 months (seriously, not joking); it might mean that you don’t get to eat out 6 times per week (again, I see it happening); and you’re going to have to open a savings account and leave it alone!

Consider This

Let me ask you some questions, but don’t answer them here. Just think about the answers to yourself and be honest with yourself.

• Do you dislike/are you jealous of wealthy people?

• Do you assume everyone who has more than you must be wealthy?

• Do you feel like you will never have enough money to do anything?

• Do you feel like there is just no way to save any money at all, because your bills are too high?

If any of these are a “Yes” for you, answer these next:

• Are you willing to shop thrifty, possibly wearing second hand clothes?
• Are you willing to do without cable?
• Are you willing to do without internet?
• Are you willing to do without all of the subscriptions out there that have spoiled us to movies on demand?
• Are you willing to drive a way older car (in condition, mind you) that may not look very good, but payments and insurance are cheap?
• Are you willing to live in a place that is sort of small and cramped, but rent is cheap?
• Are you willing to stop habits that cost you money like smoking?
• Are you willing to give up going to the coffee shop everyday to save money?
• Are you willing to buy store brand instead of name brand for groceries and other products?

If you answered “Yes” to these (some may not apply to everyone), then you are ready to overcome the mindset that you have created.

“Wait! What? Hold up Mandi! I didn’t create this mindset for myself!”

Yes you did. Every bit as much as I created mine too.

Step 1: Hold yourself accountable!

Here is a rather embarrassing story that I am going to share because it was a valuable lesson for me, and I hope someone else will benefit from it as well.

My car was almost repossessed right after Christmas. That stings. Man, I hate even seeing that typed out! But why? You will have to tune in to my next blog to find out! I’ll tell you this much now though, it wasn’t because I wasn’t making the full payments, but it absolutely was my fault…

Hermann says please like and share!