If you ask what the difference is between the rich and poor, the overwhelming response will be MONEY, this is true but it goes deeper, a major factor is also their mindsets. The rich creates wealth but the poor doesn't, most poor people don't think outside their comfort zones. Rich people invests their money and from the profits they can buy whatever they desire but the poor buys liabilities that depreciates. Rich people builds wealth and it continues to generate money for them, they keep reinvesting and diversifying their income to generate more wealth. But if you give most poor people huge amounts of money, instead of investing it in a profitable investment like Bitcoin they will use the money to buy material things that they have been dreaming of like a car or buying that room size TV that they have been dreaming to own.
If a poor person that has a poor mentality suddenly owns a lot of money maybe through inheritance or hitting the jackpot, they will misuse the money. But if a poor person that has a rich mentality suddenly owns a lot of money they will diligently research and invest the money in a profitable business or investment. From their profits they can gradually afford to buy the things that they've always dreamed of and their assets will be yielding more profits. To become rich you need to think like the rich even you're not there yet, many rich people where not born rich, they were value driven.
Before buying something, you will waste less money if you understand how much you need it. Wasting money unnecessarily or wasting more money on using something that you don't need is a sign of unaccountability.
Rich people are calculating. They plan and make a budget before spending, and their spending is investment-oriented, that is, they buy something that will increase their income. This calculation of income and expenditure means that financial education is the main foundation of future financial freedom. Rich people are influenced by friends and people around them, that is, everyone around rich people is almost at the same level. As a result, if one person invests in one field, others will also be interested in the same type of investment. The rich also learn the lesson of financial management from their friends or acquaintances.
On the other hand, a poor person, even if he has a little money, tries to waste his money in various ways. He buys something that has the potential to waste his money even more. Their expenses remain as expenses, their expenses are not investment-oriented. A poor person cannot learn about investment from his family, neighbors or friends.