Quote from drsteph:
While you can never make blanket generalizations to anything, as there is always an exception to the rule, there is a difference between a 'poor' and 'rich' mindset.
Those of us who succumb to our animal desires, live impulsively and without consideration, go nowhere. That's philosophy 101, folks.
To control our emotions and use reason to make rational decisions based upon likely outcomes is a mindset that promotes success. It does not guarantee it, but does promote it.
#2. To the poster offended by the 'ghetto thinking' - your parents didn't stay there, correct? And you're not likely to return there. And your high earning ivy league educated children won't want to have anything to do with the ghetto, except to improve it through philanthrophy.
My wife's family comes from modest means. She's reasonably frugal like me, so its a good match. One of the nieces the other day wanted to try to win one of the cheapie stuffed animals in one of the 'crane' type amusement games. 50c a try, after two tries no prize. She turned to me and asked me for more money to try and I gave her a big lecture about how if she kept putting money into that machine she would never be rich. Killjoy, I'm sure, but it starts with small change.