We all are working towards a single goal and that is to earn for our expenses if we are in deep pocket i.e. under debt then we do not have a shortage of options to go into more debt. Someone might be in debt today but in long term, they have to come out of that financial mess and become successful, we all should think like an investor and never like a consumer.
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We want to own a good gadget, have a lavish vacation and other things which give us immediate gratification, and that is ok if you have financial ok. But if we are not having financial stability then having these gadgets and other things will not make us happy because we will constantly think about getting rid of the debt are in.
As an investor, we should put more value on building long term wealth than on getting that immediate pleasure. Because if we think like an investor our present as well as future will be nice whereas if we think like a consumer our present might be happy but our future will be totally different.
Even if people do not have money to invest and if they think like an investor, it will be a huge benefit for the person because when they will have the money they can invest because they have thought like an investor. So as an investor, we all should always think about growth because that mindset will help us to go on an upward trajectory which a fixed mindset or closed mindset will not give us.
For having a growth mindset think about the short and long term goals and then start with something to grow and achieve that goal. In this way you will be control of your money, our income levels don't matter if we care about building wealth. Because the person who has a growth mindset knows how to budget and other things.
Consumers spend more than what they earn whereas investors do the budgeting and always are in control of their finances. So if we put in simple terms if we have to think like an investor we should be more focus on building that asset class rather than the liabilities class where the investors try to beat themselves and improve daily and not try to beat others.
