Consumer or Creator, these mindsets create a huge financial difference in people’s life. Maximum part of population is Consumer and very tiny percentage of population is creator.
People generally have different mindsets for their financial life. One of them is consumer mindset. The person with this approach don’t want to be the part of mainstream. They don’t believe in creation but only in consumption. It’s like seeing thing happening from a distance and without actually doing them. These peoples doesn’t have any financial plan.
They buy stuffs, be it gadget, vehicle, home décor etc. as soon as they get money. They are trapped in ‘Lifestyle Servitude’ for instant gratification & pleasure. Once they get any rise in their income, they already have plan to spend this surplus money on some lifestyle stuff.
These peoples are using credit card / Loans with pride, because it gives them power to buy things instantly without having money in their bank account. They are willing to buy car, costly gadget on easy EMIs. Their formula for wealth is combination of Income & Debt. Debt in several form become a permanent member in their life. They cannot imagine to have life without debt & have a feeling as having infinite time to enjoy but spend no time on gaining financial knowledge. These people stopped reading immediately after their basic education.
This mindset peoples are available in each group of society, be it poor or rich or ultra-rich. There are several example in affluent category, these people were good performer & earner once upon a time, now broke due to this mindset approach. Someone who earns Rs. 20,00,000 a year is susceptible to the same consumer approach pitfalls as someone who earns Rs. 20,000!
Financial discipline is blind to income. Lack of financial discipline resides on this approach and it doesn’t care what you earn. Those lacking financial discipline misuse money to delay the inevitable. If you can’t live on Rs. 360,000 a year, you won’t be able to live on Rs. 3600,000 a year. You might be taking Rs. 100,000 loan, the rich person might be taking Rs. 10,00,000 loan. The fretting is alike; the problems are the same, only the amounts differ.
The other mindset is creator mindset and believe me there are only few % of people having this approach. The person will this approach are just opposite of consumer. They believe in creating things. These category of peoples are problem solvers, they help society by solving other’s problems, at the same time they are earning hefty amount with this approach.
Our societies, cities, states and even country are full of various type of problem. There are small scale to large to ultra large scale problems. This mindset group of people having daring to resolve all such problem and making life easy for all. Your financial kitty size is always proportional to the level of your problem solution.
These are having their financial plan, vision, mission and are taking risk in life by creating good things for others. When you are at your home, just look at the things all-around. Each and everything is created by somebody (some company). Don’t be surprised by seeing the wealth of these companies! Basically these company or individual are providing product for several such houses. They are the problem solver to many.
Wealth is proportional to the number of consumer you are attending either through your product or service . It goes like Wealth= No. of product X Unit cost. If your product is costly, even less no of consumer can help you to earn hefty amount. Also if your product is less costly but the no. of people you are serving are more then also you will earn hefty amount. Being rich is a right to them.
What is Your Mindset ?
You cannot solve poor financial management with more money. Only a mindset change regarding money is a solution to money problems. To change your mindset, you must change your approach. Never equate wealth to income and debt.
A large no. of population is having only Consumer Mindset approach, only very few percentage of population is having Creator Mindset approach. All these creator mindset peoples are excellent consumer. They own all the luxury stuffs. But there is a catch here, they are first Creator then Consumer. Generally people uses reverse approach as only consumer and hardly creator.
If you analyse closely, creator’s life is full of opportunities. For them even baby before birth is a consumer as baby need medical assistance while in womb. From birth to last ritual, this world is full of all the products or services, which one consume throughout the life, be it home, cloth, food, toys, school, college, vehicle, gadgets, books, stationary, transport, medical etc.
At each stage we face several problem with respect to new evolution in society, it’s only creator who solves our problem by providing us products or services
It’s always better to have creator mindset to improve your financial life. Be it a small product or be it a small service. You can very well upgrade this so called small to bigger products or services in future. If you still have doubt that there are very less opportunity left now, just stand near any crowded place and listen the people carefully. You will realize that still the world is full of such opportunity. It’s now your decision to choose the mindset as a consumer or as a creator.
Wealth is not authored by material possessions, money, or “stuff,” but the fundamental as freedom of choice, fitness in health and family relationship. Within this wealth trinity is where you will find true wealth and, yes, happiness. The problem with looking wealthy versus being wealthy is that the former is easy while the latter is not.
People who declare, “Money doesn’t buy happiness” have already concluded they will never have money. It may be true for some people that “Money doesn’t buy happiness” but “Money can solve so many problems which makes you sad”. Once you have money, you can very well buy happiness through several means and solve plenty of your problem by simply writing off cheque.
“Being the richest man in the cemetery doesn’t matter to me … Going to bed at night saying we’ve done something wonderful… that’s what matters to me.”- Steve Jobs