Ep. 163 - My Controversial Tweet - Poor vs Wealthy

The Good Financial Cents Show w/ Jeff Rose, CFP®

Poor people consume, wealthy people create.

This was a tweet I put out earlier this month. The response was NOT favorable.

I can elaborate on this and I want to share some of the responses from this tweet.

I tell my kids all the time to be careful with social media because things can be taken out of context.

That is what happened to me.

There were som many responses from people who:

Questioned my faith

Told me I was a piece of %$#@

This was a tweet from another CFP

“Terrible take - anyone who has spent meaningful time with the materially poor sees how much hard work and creativity it takes to survive. The wealthy just have the luxury of being able to apply their creative energy to longer term things because they have their basic. Needs met.”

I decided to elaborate on my tweet so I added:

‘Poor isn’t all about monetary status or position, it all about how you approach your day. Are you stuck in your own head and your own struggles? Do you constantly find blame for your shortcomings on others? If you are around these people, and they come from all walks of life, I have been surrounded by rich people that are bankrupt on the inside. They constantly search for outwardly possessions to fill a void. They never will.

Wealthy people understand the word contentment. They breathe it, they live it, they also understand there is more to life than them. Because of that they create opportunities. Could it be jobs? Yes. But more importantly they create space for others to thrive. They listen, they give empathy, they generally want to help without strings attached.

That was the core meaning behind what I was referring to.

People with a broke mindset are toxic. They constantly complain, they are never happy with anything. They also blame others for their shortcomings.

That was the context behind my tweet.

Resources:

https://twitter.com/jjeffrose/status/1525157847394295810

https://wealthhackerlabs.com/ask/

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