 Hey welcome to the David Will Show. Today's episode we're going to reveal the difference in how rich people think and how poor people think. So stay tuned, we're going to show you the secrets of what rich people do and think in order to help them be rich and what poor people do and think make them stay poor. So stay tuned. Give it back. And we're here with Will Fan. He's a good friend of mine. He's been featured on Forrest Magazine for 30 under 30, which means 30 multi-millionaires under 30 years old. He's only 29 years old right now and he has multiple successful businesses, seven businesses right now to be exact. He's got business all around the world, very prominent and well-known here in Vancouver area and he's going to be sharing some of his secrets and some of his knowledge with us. So thanks, Will. So what really separates I would say the poor and rich is it has to do with one of them has to do with the environment. Environment comes to quite a big play especially when you raise in a family that thinks a certain way, right? So this all comes down to parenting, right? Like you know, it's kind of like when you're younger, right? Have you ever wondered why let's say, hey dad, how come you can't buy me this? He's like, well, I don't have the son. I don't have enough money. You know, and well, I would reply to my dad and not I don't recommend everyone doing that. But I say, dad, how come why don't you make more money? Right? So it didn't really, like it didn't really ring to his head because he just thought at the time, if he just worked at the time, he had a team and he decided, okay, well, you know, this is how much we are going to make this based on the contract. There's nothing more we're going to make other than this contract. So it comes down to limitation and really going back again to the environment because I'm talking about this can be the wife, the friends, associations and I see this quite often where everybody's influenced by, you know, the first, second degree of friendship. So number one is what poor people do in the rich zone, right? Poor people tend to, they tend to pay their bills quite often. So I think, yeah, like, for rich people, we kind of like say, well, bills are important, but, you know, we should try to invest, that's more important, right? So I think, I think that the main thing that's different between rich or is the things that poor people would say would be, I can't afford it. Yeah. Or bills to pay. I don't have enough money. Yeah. Okay. So when they say things like that, it's a self-limiting belief. Whereas the rich people, what they would say is, how can I afford it? Yeah. How can I afford it? How can I find the money to get it? Yeah. Okay. So it's very different. The first one, the rich, I mean, the poor is already making a statement that says there's no, there's a, there's no solution to that statement. It's just like, that's it. There's no solution, right? Whereas the rich says, okay, I know this is expensive. I can't afford it now, but how can I afford it? Exactly. Okay. So that's the difference in the way they think. The rich think of opportunity, whereas the poor people think of just their current situation. Yeah. The current situation, it's kind of like, so if they had some family issue or they need to travel, the wife needs money or maybe the kid needs money, right? So there's nothing wrong with prioritizing that. However, at the same time, the moment you start prioritizing things that you think it may matter now, but in the long run, how would it affect you, right? So I think the second thing you mentioned about investment is another difference in what the rich do and the poor do is the mentality of investing. Okay. So a poor person, when they see something to buy, they will think, oh, I just spent $1,000 or just spending $10,000. Where a rich person, what is their thinking? They would be thinking, okay, is this an investment or is it not an investment? If it's just an investment, how much return am I getting from this? How much value will I get from this $1,000 investment? Right? Yeah, that's right. And going back to the poor paying the bills and the rich investing is the poor has to pay the credit cards all the time because they're using money that they don't have and they're limiting the credits to just personal life habits and expenses. The rich, what they would do is they'll use their own credits and they'll go reinvest it and leverage back into the business, right? Either way, they're borrowing money, but then the rich are borrowing money to make more money, whereas the poor is borrowing money just to make ends meet. That's right. Yeah. Or reducing a bill that they occur that they accumulated and it wasn't their money. So they haven't produced that. So the other thing is the poor tend to work less harder than the rich. Okay. So this means the poor people will say, I need to go have fun. I need to go spend time with my girlfriend, boyfriend. I need to go like, rest. I need to do my thing, right? So what I realized is that that's all great. Nothing wrong with that. However, like time, you cannot get back, right? So the more time you guys spend on these other things, which are great. But again, that is a lot of time consumed. The rich, I would say sometimes, you know, they don't need to have nice things. I have seen successful people have, you know, they don't wear designer clothing or, you know, something I see them have like skin problems or whatever. They don't care about that stuff. They just think about what's going to get me from here, here at a certain period of time. But I'll figure out all the other stuff that all the other problems I have, like the health problems that they have, right? Right. Because they have to make the money first. And then they can solve everything below, right? Okay. So I think what you're saying, Will, is that the poor is just thinking about their short term or just the present? Yeah, short term present, like immediate clarification, right? Yeah, I've got to look good now, you know. Yeah. Whereas the rich will think about long term. What's the plan? And change the behaviors now, looking to the future, so that it will change the future. Right? That's right. That's right. So the poor people would be like, I'm just going to do today and live to the day today. And then just basically, oh, I just need to need to have fun. I need to spend money on this and this and this. And then next day, do the same thing over and over again. Whereas a rich person would say, okay, where do I want to be in the next six months? Where do I want to be in the next year? Where do I want to be in the next two years, three years and so on? And what do I need to do now to get me there? And what do I need to not do and, and, you know, kind of cut off now so that I can focus on doing what I need to do now to get to where I want to go. Okay. So there's more of a future focus for rich people. That's right. It's all about habits, right? So you're probably wondering, so we talked about three things. Let's recap. Number one was what? Number one was rich people, the environment. Environment. Yes. Okay. Number two was the investing. Number three is basically looking to the future. Right. And planning ahead. That's right. So how can you get from being poor to becoming rich? Well, the first thing you can do it is to change the way you think. That's right. Change the way you think. And also when you change the way you think, you're able to create influence and affect the environment around you. Change the way you think. And then you're going to change your behaviors. Change your behaviors. You're going to change the results you're going to get from your behaviors. Change the results you're going to get. You're going to change your future. All starts with the way that you think. So you can rewire your brain to start thinking like a successful rich person. Eventually you become a successful rich person. If you change your mind or you keep staying and thinking the way that poor people do, you will do what poor people do. You have to be behaviors of poor people. You will have the results of a poor person and you will have a future of a poor person. That's right. So it all starts with what you think. So thanks for watching. If you have questions, comment in the comment section. Like this video. Share it with your friends. Subscribe to this channel to get more awesome lessons from The David Willshow. See you next time. Thank you. Bye.