How Rich People Think About Money (Psychology of Money)

Listen in as Myron Golden shares the psychology of money that he learned that took him from a trash man to making millions of dollars.
If you liked this video check out:
How to Become Rich
• Stop Loaning Your Mone...
Myron’s Live 5 Day Challenge
www.makemoreofferschallenge.com/
Myron’s Books
B.O.S.S Moves
www.bossmovesbook.com/
From The Trash Man to The Cash Man
www.trashmantocashman.com/

[@MyronGolden]

If you liked this video check out: How to Become Rich kzbin.info/www/bejne/mniTn6Cji6l2gK8

[@kelvinkiplagat3044]

V

[@julianvanscoyk2991]

"When you invest you're buying a day you don't have to work "

[@Spalletti923]

This past pandemic has really taught me a lot, I realized that depending only on salaries is catastrophic. I have seen people who have collapsed financially because they had no investment when they were actively working

[@khuonghieu3894]

I'm not surprised that someone recommended Margaret.I was completely skeptical at first . My greatest happiness is that I took that step . I am completely debt free now and also started my own business. I can also say that Margaret is the most sincere broker I have ever met

[@1975COREY]

I love it

[@carrjp]

@Jason Xavi bro we should link. I've went similar process but came out of it. Lets find a way to link

[@johnnywalker4897]

So wthell is investing? And how do you make that day come sooner

[@dr.mohamedaitnouh4501]

``How can turn $1 to $2?" Rich people take risks... poor people want a guarantee... .. I subscribed. Clear and Precise!

[@AI_Talks_About_The_Bible]

Yes, me too. This is a real leader and he’s blessed with Wisdom. Love his teaching.

[@dreamitandbuildit.8326]

Great stuff my mentor

[@sheritacotten5293]

poor mindest vs wealthy mindset

[@marquis08]

we need to stop with the "poor ppl think like this" mentality. You clearly have never been poor or know any actual poor ppl. We can say that "middle class ppl want a guarantee" because they actually have resources. Try telling a poor person who hasn't eaten in 4 days to take that dollar and turn it into 2, when they don't have the option or resources to think of growing instead of surviving. Pretty typical comment to do rich vs poor.

[@alleciarobinson3060]

​@@marquis08 but many dirt poor people came out of poverty by changing their mindset

[@entrepreneur-whisperer]

About a year ago, I saw a few episodes of ‘undercover billionaire’, and after spending 45 years of subscribing to time for money, work harder to make ends meet, a light bulb went off - “wealthy people don’t keep trying to make more money, they take money they earn and make IT make them more money!!” This is gold here Mr Golden, as always!!!

[@stevewoodson4635]

Pimp play have your money

[@Spladoinkal]

THIS. Most wealthy people have 4-5 streams of income and some up to 7. Multiple ways of your money working for you. Even business is like that. You may make $20 off of a service, OR you could tons of people do the service for you, pay them each $15 and take the other $5. Doesn't sound like much, but lets say you get 100 people to do the services. You make $500 and all you're doing is SETTING UP the appointments for the service.

[@ipetert5372]

​@@stevewoodson4635pimps yeah have more sense in having a hoe bring money tho ungodly

[@jonsetzertv]

Whoever controls the gold controls the influence! This brother knows his stuff and knows how to control the gold!

[@peteridah4505]

this is hands down the best 12 minute explanation of the psychology of money I have ever heard! Thank you 🙏🏼

[@Baby_Locs]

This is literally the best explanation of wealth.

[@sonusingh36]

"Seek opportunities over guarantees." Well said. I'll keep that in mind. Thanks 👍 11:40

[@achieverslane908]

Myron's ability to break down complex issues into simple easy-to-grasp bits is astounding. One of the most eye-opening videos I have ever watched on this topic. I just subbed.

[@faithandworksasmr8130]

He’s so blessed with this ability

[@trayshana]

Agree

[@ingridmcfarlane8348]

Amen

[@TheNaturallyou]

agreed

[@site_is_down]

What truly separates the rich from the poor is their mindset and their attitude. The rich always want to expand their wealth while the poor always want to expand their spending limit and capacity. You gained a new subscriber 😊

[@Roquea.207]

Solid comment

[@anneo3931]

100%

[@zb2747]

I turned 25 two days ago and by the grace of God I stumbled upon your video on wisdom and have been listening to your videos since. I grew up in a single parent household without a father and by having a male figure to learn from like yourself has helped me in this season of my life. Glory to the Heavenly Father, lord and savior, Jesus Christ. Much peace and blessings to you my brother 🙏🏾

[@tajpaynter1736]

This was super helpful. Especially the part at the end. I had to sit with that one. "Rich people seek opportunities. Poor people seek guarantees."

[@lukoerics3625]

Your simplicity in explaining issues is both commendable and admirable. Thank you...

[@bosslady_koko]

SO EASY TO COMPREHEND💯💯

[@leodasavage2626]

It made sense I'm gonna forget guarantees and starting looking for opportunities ❤️

[@anthonyalexander7386]

Hearing it makes committing to making better decisions very easy..

[@fergusondemetrius]

And we sticking to that mf forever

[@theogbeprecious]

Exactly... You should watch the video more than once for it to really sink in... It's helped me so far

[@leodasavage2626]

@Tyree blessed BOY Please find something to do

[@royalpriesthood7389]

This is the perfect breakdown in 12 minutes versus a semester of the mindset of money! Thanks a million!💰

[@Mr.Royster]

"You own a job, not a business" - great way to position entrepreneurship

[@wedoebe]

I 100% agree with everything that you just stated. This is a curriculum that should be available at every community college at the minimum! 🤓

[@PraveenSriram]

Like number 99

[@sowhat8307]

Lol…this comment is so cliche.

[@flyguy131]

Love your straight no chaser no fluff approach to teaching wealth creation. Also the fact that you produce powerful content in under 15 minutes. Keep the Movement going Sir Myron. Blessings.

[@clarity32123]

Thank you for your videos. I wish I had understood this in my 20’s. I finally get it, and I share your videos with family members and friends. May God bless you abundantly and continually.

[@shannonhamilton3065]

Myron is amazing how you deliver info. This short video helped make a mind shift

[@iamkxtv]

Fellow Ex-Trashman! Never heard this stated in such a concise manner. Cut, dry & super impactful. Subscribed!

[@tashafoster9737]

Thank you so much!! I’m so glad you popped up on my feed. I’ll definitely be tuning in. God bless 🙏🏾.

[@ThuroTypeMusic]

Incredible love how you just broke that all down, so simplified. Sometimes that’s all it takes to make a person start thinking differently every day

[@acajudi100]

I use debit cards, and I always donated to non beggars to help themselves.I keep a little cash, and I keep preps. I do not deal with coins. Thank you. Cash can be counterfeit, so be careful, and you can be robbed of your cash. Thank you for sharing your EXCELLENT videos. I started traveling from age 20-73, and now at 79, I have retired to Queretaro, Mexico, because USA became too deadly and expensive. Stay blessed and safe always. It is nice to be nice.

[@idrkok]

I watch a lot of financial videos, but the way you explained this concept was eye-opening. Thank you!

[@cwburton80]

Best lesson I have ever heard about what I know, but have been unable to explain to those I love.

[@chineduokunamiri6761]

It's difficult fighting our old and faulty beliefs but it is possible. In my life, I have absorbed so many of these lies and it's a struggle suppressing them now. I love your concept of systems and building them. Thanks Myron Chinedu from Nigeria

[@NikkiElla622]

Thank you so much! I’m at a pretty broke place right now and have been doing my best to reframe my mindset and reprogram it. This confirms a lot!

[@christianudorie9121]

So lucky to have come across this video at this critical time of my life... I'll put it to good use.. thanks

[@ImSuperGoodAtDancing]

Brother!! Thank you discussing the psychology of money with everyone. You make it easy to follow, plus I hope your voice will reach others that most can’t. Respect!

[@marcusingram1681]

Exactly, we need to spread the word. We do our part and we can expand the knowledge.

[@tarellehoskins688]

I am extremely grateful that I found you. Thank you for all of your help 🙏🏾

[@jdd2010]

I really appreciated how you broke this down. Thank You!

[@20xvisions11]

This is nothing but the cash flow quadrant which Robert Kiyoski explained from being an 1. Employee 2. Self Employed 3. Business Owner 4. Investor

[@VladleTaxi]

The explanation is more efficient!

[@KeltonAlexander]

That doesn't understate the value of what he's saying does it?

[@nigerianclassic8209]

If you were listening, you would understand that the main purpose of this video is to highlight the perspectives on how people view money. The knowledge has always been there but we cannot apply it if we don't understand. He brought understanding and application to the table. Well done Mr. Golden.

[@LNEMS]

I suppose everyone has their own teacher or person that is why there were 12 disciples. Same message different teachers. Some sow, some water and some reap. Well done sir Golden. You turned simple information (knowledge) into understanding

[@nukeman444]

That's why it's called, "Self Employment" instead of "owning a business". Businesses don't trade time for money. Good video.

[@mindscrambler1804]

For some reason I was led to click on your video. I like what you're doing. Teaching is a passion of mine. Much appreciate seeing you work it.

[@yvesdomond9877]

Dr. Myron, l love your illustrattion, concept of money and the fact you are a man of God.

[@twinsistersllc]

Your paradigm is the #1 factor in what your reality actually is. Your life is a reflection of your thoughts and beliefs. What you believe you deserve, and are worth is in direct correlation to your health, wealth, and happiness.

[@Kwill888]

Be-LIE-ve

[@emperiummedia7753]

This info hits the nail on the head. Clear and precise

[@RasKalevthesouljourner]

Thank you. I’ve been broke and homeless most my life. I will change this.

[@shantegleese6972]

Amazing!!! Amazingly delivered...12 min could change your future. REALLY listen to what he is saying

[@greeptv7593]

I bless the day i stumbled into this channel. Always makes my day and improve my personality day by day. I just concluded B.O.S.S MOVES. VERY VERY SOON, I WILL ATTEND THE TAKE MORE OFFERS CHALLENGE and bring it to my audience in Nigera. THANKS AND GOD BLESS YOU REAL GOOD!!!

[@teacherbrad9534]

That resonated with me. Having the right money mindset is key.

[@Realkylebyrd]

Cashflow quadrant - but repurposed. Love it Myron 🔥

[@Cason40]

Came on here to say the same thing. I do like it though.

[@ghostlyfe1923]

I literally saw Robert kawasaki on this too bro

[@mallkeese3190]

The best money teaching on the internet💯

[@Calhoun89]

Brother I looked at the random thumbnail in my feed and instantly knew this must be quality content! Thank you for your service ❤️

[@directorjonesfilms]

FROM 4:14- 4:57 blew my mind!!! I always knew this but hearind this from a different perspective makes alot of sense to me.

[@blanditehenrice5101]

Yes, I totally agree. I am working on changing to a rich mindset. Thanks for the remainder!

[@goodpublicunitedindia268]

No one said it better for me till now. Rich psychology creates money from money. Poor just want to spend money. Thanks myron. Thanks❤

[@vltii8923]

Thank you sir. You made this simple and plain. Be blessed.

[@trayshana]

Thanks for sharing Myron! Need the guidance.

[@jaykmom]

I absolutely love your content. Thanks for sharing!

[@kennyvspoverty]

Thank you brotha I appreciate your wisdom as always

[@happybrownman]

Subscribed!!!! I’m an OAJ burgeoning to OAS moving to a SMS. Thank you. You are now one of my de facto mentors!!! Gems!

[@philb6079]

Thank you. That's a great way to look at money. I have to share this!!!

[@rsj005]

Amazing message. Thank you Sir 👏🏿

[@marcusingram1681]

I have a new preceptive on life, always new time is valuable. I love how you incorporated the psychology thought in an easy understanding that people can remember on making money vs time. Good stuff looking forward to your other videos to gain knowledge and use my mindset differently.

[@JustCookRadio]

Thank you! Glad I came across your channel. I needed to see and hear this video … Wow

[@successstrategies8363]

Precise and really helpful that not many people talks about. 🔥 Thank you

[@assethunters8468]

Love it! Explained so well

[@georgyextra3482]

I definitely thank you for this deep insight into the matter.

[@samcooley9448]

I like the fact that this guy is transparent and honest... Not to mention that we have corresponded on a few occasions...

[@lisapryor9676]

Thank you for the simple breakdown. It bridged the gap for me to start understanding how to move from middle class to wealthy.

[@mbuaesenju8514]

Makes sense. The breakthrough is to know how to invest!

[@primroseroberts2349]

I really need to hear this because I have a poor and middle class mindset. Time to change NOW. Thank you so much for this amazing advice. ❤❤

[@reubenjackmakhuthudisa9248]

I just happened to bump into one of your videos and I currently on a going down this rabbit hole. Thank you so much for the content

[@je9759]

So clear and concise, thank you so much! OAS and SMS!

[@stephaniedunlap-holloman7603]

This made so much sense. In a few minutes he decimated years of misdirection and errant teaching.

[@DaymonOfSolutionsThatHelp]

OH MY GOODNESS!! For the past 30 years, I have been trying to figure out why my wife and I have been divided about money. We have different mindsets on money 💰. She wants the guarantee. I am always looking for ways to put my money 💵 soldiers to work for me. Thank you youngman for sharing your wisdom and knowledge with me on this matter. Great video. I am looking forward to more of your content.

[@jkkennedy8919]

What’s a good way to make my money work for me. I can’t work for someone all my life

[@successstrategies8363]

@@jkkennedy8919 💯

[@youngatnaruto5842]

@@jkkennedy8919 Invest in Assets that produce Income 1.Company - Absentee owner, Equity in company , Own Company. You can start a business or buy a small company through a business broker hire people to increase the revenue and sell it down the line to 3-5x what you paid for it 2. Intellectual property - patent , trademark , Copy right , Royalties you can buy Intellectual Property through a patent lawyer and possibly sell it to corporations for a larger amount 3. Real Estate - Personal Residence (live 2-5 years and sell when it appreciates),Multi Apartment , Repair and sell , Buy notes/ Debt, Take loans against Real Estate , Buy Auction/ fore closed homes and repair. You can also do Bird Dog Real estate with very little money 4. Paper Assets - Index Funds , Single stocks , ETF , Bonds , Muni Bonds , Crypto ie Bitcoin/ Ethereum/ litecoin 5. Luxury Assets- Antique Cars , Art Work , Jewelry , Watches , Rare Whiskey , Collectible Cards , Memorabilia. Take loans against luxury assets to invest in assets that produce income 6. Life Insurance - Borrow Money from policy, Use as Personal Bank. The founder of Disney used the money from his life insurance to start Disney, The good thing even if you are unable to pay it back it is subtracted from your amount after you die Live below your means, you use your assets to pay for your basic necessities and always think of money as math how can I turn 2k to 4k to 20k to 40k/ 300k to 600k etc. Also the Rich hire the best tax lawyers to legally reduce their tax bill to keep more of their income to reinvest.

[@glamgirlbudgets6355]

Thanks for explaining this where I can easily understand it 🙂

[@Karencolon31]

Thank you for this perspective 🙏🏽

[@how2playgospel]

You have a gift in showing people how to see clearly where they are, and also provide them with a clear direction on how to get to where they'd like to be going. Thanks again for sharing.

[@site_is_down]

I agree! He and his videos have inspired a lot of us to do good with money 💯👌🏻

[@PaulCurleyBC]

Well stated. Thank you.

[@elizabethsimon3618]

Thank you Mr Golden for your teaching

[@LongblackExtrashot]

Clear, concise and subscribed! Thanks

[@chantew5683]

This video literally opened up my eyes and changed my whole mindset regarding money. Thank you so much for this video and God bless 💖

[@orvettemayfield9201]

We definitely needs to hear this 🙌 🙏

[@itstheseanshow3550]

BY FAAAR The clearest presentation of the money quadrant. I am a subscriber. Thanks. Also thank you for clearing up the myth about time=money.

[@nathanielmiles9386]

My Bro, you Are So impowering Thanku for Explaining this to me!!

[@ElevatorBiker]

I just ran into your channel. What a blessing, thank you. Would love to translate some of your teachings and Biblical truths in Spanish for my church community. Blessings

[@Angel_Eyes94]

Great video , feels like the first step to becoming wealthy.

[@mamabear71234]

I like how you explain things in simple terms.

[@augustobritosok]

Thank u so much Myron, you're a great man, Im watching from Argentina!

[@mvelosifisonzalo9780]

This got me at a time when I needed it thank you bro.

[@llemons9812]

Wow that was an eye opener I've never heard the mentality of money in that way it makes sense and it explains why I struggle with money. Thank you for the insightful analogy.

[@CarCrashToday]

Thank you! I now have a new perspective of money! Just Subscribed for more wisdom. Many Blessings!

[@PlantBasedPartnas]

Brother Golden, I must admit, that was a little hard to swallow because I saw pieces of myself in each category. The good thang is that I found myself to have a mixture of all three mind states around money, with only lingering traces of a "poverty mindset". Thank you so much for the insight; I realized that I need to continue to develop "systems". God bless

[@jeremiah5379]

I’ve been studying these things since 2016, it’s amazing how trial and error works. I used to get so upset at the mistakes I made not realizing that there’s a process to changing the patterns in the subconscious mind and the environment you’re in contributes so much to how quickly this transformation happens. I’m learning to relax and persist in my pursuit of making OAS & SMS my Names

[@backcountyrpilot]

“You can get a job for free, why would you go out and buy one?” Brilliant.👍

[@sevuw]

Love it! Thank you for sharing your wealth of knowledge!

[@propoint6259]

This Philosophy is refreshing and the bedrock everyone should start with. We all have heard different spins on this concept. Your explanation and orginal thought process is a pleasure to study and to achieve. Thank you! Sir.

[@absolutleewigs]

This is so helpful and I look forward to share my story how I overcame poverty 🙏🏾

[@emmanuelnwanze5448]

Pls share

[@davidwangari9130]

Please share

[@oyelolaoyegbola]

Surely you will overcome 💪

[@aandreasbliss]

Thanks Myron, very powerful distinction I got from the video!

[@joydouman5503]

Fantastic formula. Will apply it. Thank you so much for this teaching.

[@tbrown707]

Awesome video. KZbin is becoming the average Joe's Harvard Business School.

[@quintonarmstrong2116]

I like the fact that you weren’t judging people or putting people down for where they’re at financially as you just helped us to wake up and ask ourselves what are we really doing with our finances; whether your making money by working for a company or being an entrepreneur. We all need to make sure that every dollar that’s being made can be invested for a profit!!

[@MsTM-bt2tu]

Exactly!

[@afrikagood]

This was great! I stumbled upon your channel and am so glad I did!

[@anniathome]

You are so wise, sir. Thank you for sharing your wisdom.

[@zatabus]

This was amazing it makes so much sense now thanks for the inspiration 💯

[@naturalbotanicalgarden4466]

I already know you're going to give good wisdom. Thank you for this lesson.

[@CliffordTheCowboyCloser]

Love it!! 🤠🔥🔥 Thanks, brother! I look forward to joining your Inner Circle soon.

[@gturp2]

Amazing Breakdown of the psychology of the poor, the middle class and the rich. 👍🏾👍🏾

[@dawnpeterson9518]

This definitely helped and I truly understand this psychology now.