Difference Between Rich, Poor, and the Middle Class

[Mika]

Do you know what differentiates rich people, poor people, and the middle class? The difference is not in any way related to how much money they make. It is not even how much money they have. The difference between the rich people, the poor people, and the middle class is what they believe the purpose of money is.

Poor people believe the purpose of money is to pay bills. That’s their primary purpose of making money. The only reason why they work is that they have bills to pay. And at the end of the day, they can hand it over to somebody else.

Middle-Class people think the primary purpose of money is to establish credit so that they can buy things that normally they cannot afford to pay.

Rich people believe the primary purpose of money is to make more money. These people use the money they have and turn it into more money. They become wealthy by multiplying money.

So, if you want to become rich, you need to have that mindset to multiply money.

 

[Jasz]

The terms "rich," "poor," and "middle class" are often used to describe different groups of people based on their economic status. However, these terms can be difficult to define, as the exact definitions can vary depending on the context and the specific country or society being considered.

In general, the "rich" are considered to be individuals or households with a high level of income and wealth. They may have significant assets, such as stocks, bonds, and property, and they may have access to resources and opportunities that are not available to others.

The "poor," on the other hand, are typically considered to be individuals or households with a low level of income and wealth. They may struggle to afford basic necessities, such as housing, food, and healthcare, and they may have limited access to resources and opportunities.

The "middle class" is often considered to be the group of people in between the rich and the poor, who have a moderate level of income and wealth. They may have a stable job and a comfortable standard of living, but they may also have less financial security and fewer resources than the rich.

It's worth noting that these definitions are not absolute, and the threshold for what constitutes as rich, poor, and middle class can vary depending on the specific context and country.

In summary, Rich, Poor and middle class are terms used to describe different groups of people based on their economic status, where the Rich are considered to be individuals or households with a high level of income and wealth, the Poor are typically considered to be individuals or households with a low level of income and wealth and the middle class is often considered to be the group of people in between the rich and the poor, who have a moderate level of income and wealth.