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  • Writer's pictureKris Krohn

15 Things Poor People Do That the Rich Avoid

There are things poor people do, and things wealthy people do, that are opposites. After all the years that I've had the chance to interview and work with poor and wealthy people, I've noticed some patterns. In this episode, Stephen and I discuss 15 areas we've found that poor people do things differently than the rich.

1. Fast food

2. Buying products on sale

3. Waking up time

4. Blaming others

5. Saving money

6. Using credit cards

7. Spending money

8. Following through on ideas

9. Quitting

10. Entitlement

11. Do math

12. Having a plan

13. Excuses

14. Time management

15. Limiting beliefs

Kris Krohn here and today, me and my real estate business partner Steven Miller, are gonna be talking about 15 things that poor people do that rich people don't. And instead of a quicker video, we're actually gonna step back and not just talk about the 15 things that the rich people and the poor people are doing differently.

We're also gonna show you 15 things that rich people do, and how they think that makes all the difference in the world. 

So it's a little bit longer, but hang in there because this is the knowledge after all the thousands of people that I've had a chance to interview over the years and get to know and work with poor people and wealthy people. 

I think there are some huge secrets and gems that are gonna be revealed to you in 15 things that the poor people do. And also 15 things that wealthy people do. This is such a waste of time , right? Okay. We're talking about 15 things that poor people do, that rich people don't. And um,

No flute, no flutes. It's definitely one of those. Don't you dare put that in your mouth. So I wanna do a little shout out here to They've done a great job producing a video, really. Talking about 15 things that poor people do, that rich people don't. And Steven and I, um, over the years that we've been in business, we've had a chance to work with thousands of people on their journey of wanting to be successful. 

Some of them make it and some of them don't. And we've gotten some strong opinions and ideas that we've put together after all those case studies as to the things that poor people do that rich people don't. And, eight of their 15 really resonated strongly with us. 

And then we wanted to bring some additional ideas to the table. And what I wanna invite you to do is take pen and paper and write these 15 ideas down. And if you identify with any of these thoughts and ideas, I'm gonna invite you to make the conscious choice to change those behaviors, because bottom line is they're likely not associated with successful people. Alright,

So let's go ahead and jump right in. Again, these are the 15 things that poor people do that the rich people don't. And let's start with eating fast food. Now, look, I will say that, uh, wealthy people on the go, they eat fast food a lot too. Their fast food just looks a little bit differently. Uh, often a lot of wealthy people that I know eat very healthy. 

They're very conscious about what they're eating, actually, what they're putting in their body. They are on a go, go, go. You know, they're, they're getting active, their dreams and their goals.

Uh, they're creating businesses and, and, and, uh, networking with people. And so as they're doing that, they need to have their bodies in optimal form. And So, eating fast food, the typical fast food, I won't throw out any names here, but eating your typical fast food is not good fuel. It's not good energy. 

It produces lethargy. You're not gonna be on your A game. You get in what you get out. And if you're putting crap in, you're gonna get crap out. Yep. Let's do the second one.

Okay. Number two, they buy clothes or products that are on sale. And there's an idea, there's a mentality here that says, I always need the best deal. I need things on sale. And so what they'll do is they'll end up bypassing really incredible opportunities that life has, but they're bypassing 'em because they're actually just looking for the deal. They're looking for a sale. 

They're looking for the least expensive approach, the least expensive way. And again, you're gonna get what you pay for. Can I talk about this one just a little bit? 'cause this goes into the subconscious mind. 

If you're constantly looking for a deal, a deal means that you are taking, it's almost like you're taking advantage of a system or taking advantage of somebody, or they have to be giving it to you for a low, low price, which means you gouge them. You know, it's that negotiation strategy. 

If you're constantly looking for that negotiation, you're constantly looking for that good deal, then in the back of your mind it means that you're someone else is not getting a good deal. That you're, you're, you're taking it away from them. 

And rather than have that constant in your back, back of your mind going for sales and things like that, although you may think that you're just going out to save money, really what you're doing could be hurting another business or hurting someone else. 

And like Chris said, hurting you in the long run. So don't always go out and look for the sale, find what, what it is that you want, and get after it.

Find what you want. I love that. Okay, number three, waking up late. Yep. I'm talking to some of you night owls. Those of you that aren't burning the candles on both ends. In Fact, you've got the longest candle possible. 

You might be sleeping in and you might be staying out late. And ultimately, what research and studies have found is that the individuals that are sleeping in, they're not that early bird that's Getting the Worm. They're actually sleeping in. They're missing a lot of life's opportunities. And just do a little comparison here. 

Stephen and I, we've got habits over the years of waking up early to do our morning power hours, absolutely. Our routines of waking up our bodies, our minds, our spirits, reading good books, going to the gym, exercising, getting into our prayers, our meditation, and all that's doing is often by the time a lot of other people are just waking up. 

We've already soaked in so much of the beautiful promise that life has to offer. So here's our invitation: choose to wake up earlier than you normally do, and just find out how much more effective you are, how much more productive you are, or just how much more conscious, awake, aware, and appreciative of life that you are.

Absolutely. Number four, poor people blame others for their misfortune. Now, look, uh, I I get it, it can be hard if you're in a situation where you don't have money and you may see Somebody else who Has all this opulence or, you know, great things that they've been able to create for themselves,

But don't ever blame anyone else for where you are. If you get into that habit, you have completely stripped yourself of any power to correct it. Uh, rich people, people that are wealthy, they don't blame other people for their circumstances. If something wrong happens in their lives, they take full accountability. They pull it all into themselves. They say, okay, what can I change? So that can create a different result, and that puts the power in their hands. 

So if you find yourself blaming others a lot for your misfortune, if you find yourself, uh, you know, sweeping the accountability off to somebody else, then just take it back. Take it back, and you'll have the power to create whatever it's that you want.

Well, and I wanna ask this question, is it ever rightful to play the blame game? No. And I'm gonna argue that it isn't. I'm gonna argue that if you try to create exceptions of like, no, but this person really disadvantaged me, or this person used their free agency to do this thing that hurt me, or this person really did something that they shouldn't, shouldn't have done. Every moment you spend focusing on that is in making an investment into what you don't want. 

Yeah. So I get it. You know what? Life's an affair. Steven and I, we didn't start in privileged circumstances. We started behind, we started in debt. And as we've allowed ourselves to rise, this is something that we take really personally, is that in fact, we even put on an empowerment workshop called Limitless. It's a three day event. You can learn more up here by clicking that link. 

Get with us for a few days, and we're gonna share with you the mindset of the wealthy. We're gonna share with you the mindset, not of the wealthy just in terms of riches, but the wealthy that are receiving, um, happiness, joy, and fulfillment in their life.


That's the greatest form of wealth that I'm aware of. And what we're gonna share with you is that you never get to go into that blame game only because it disempowers you from being able to do anything, uh, productive out of it.

Absolutely. So let's jump into number five. Number five is poor people do not save money. Now, that may seem like a no brainer. They're poor, they don't have money, So they're Not saving it. But really this is a principle of budgeting and saving just on a very granular level. Poor people don't ever put any money away. 

This isn't, uh, and I'm not talking about hundreds or even thousands of dollars, if you have a very small budget, if you have a very low, a little amount of money that comes in every month, you have an opportunity that you could even just save a couple dollars. 

Like Even just a couple dollars over several months or many years could turn into enough money to get maybe a bigger thing that you've always desired or you've always wanted. It's that idea of setting a goal, sticking to it, budgeting, right? 

This is kind of going around that same conversation. So mm-hmm. poor people don't save money. If you feel like you do have a hard time saving money, I wanna invite you to read one of the classics. It's a short book. 

It's called The Richest Man in Babylon. It's a fantastic book that just shares the analogy in life of one man and choices that he made in basic rules that allowed him to eventually become very, very wealthy. 

And it started with having no money and just starting with a couple of small rules. And listen, even if you're below the poverty level, trust me, get the book, read it, it's gonna help you.

Absolutely. Okay. Number six, you're using credit cards or loans to buy things that depreciate in value. Okay? We're buying useless things. We're buying things that are actually not building. 

We're buying things that aren't actually helping us. And it's amazing how quickly the money can flow right out to things that lose value. So I go and buy a computer. Well, six months from now that computer's gonna be less. Even this the first hour that I walk away with it. It's less. 

Two years later it's gonna be less. Now you may need a computer, but think about some of the things. Are we buying more car than we can afford? Are we buying other things? And for that matter, it is amazing how much money can go into junk food and to things that we don't need. 

And ultimately we're going into debt for these things. And by the way, I've gone into debt, debt for business ideas that have made me money. I've gone into debt for things like real estate. I've gone into debt for things that have made me money, and that's a good debt. 

So make sure that you're learning that poor people are really good at going into bad debt. Rich people are really good at going into good debt. So this jumps right into number seven. And number seven, um, is about spending money before you get it. Poor people spend a lot of money before you. This is the credit card or the loan. 

My paychecks on Friday. I got two days to go and I already know how I'm gonna spend it. Go to, or even go, going and getting a payday loan. Uh, how many people are going off and getting these payday loans, going to these, these companies that will give you money for a title or title loans so that you can have what you want now rather than delaying that gratification for a while and earning it until you've got enough saved up so you can get it right. 

Don't spend money that you don't have. Okay? Now, this is number eight of the ideas that we wanna share from Again, a huge shout out to them. You guys produced a fantastic video. You should check it out. 

Never following through on ideas as number eight, never following through. So you have an idea. And what you do is you become an amazing procrastinator. If I'm gonna get to that someday. Now, if that, if that speaks to you, if you know, oh man, Chris, that totally pricked my heart. I do that sometimes. 

Here's the good news. This video is not an indictment on any of these things that you're doing wrong. It's an invitation that says, Mount up, take courage, cowboy up. Go out there and do something about it. If you know that you're bad at follow through, then guess what you get to do. 

You get to develop the skill of, Hey, maybe I'm gonna start using my phone for a different purpose. I'm gonna take my notepad. I'm gonna take note of every idea that I get to follow through on, and then I'm gonna put it where my money is and where my mouth is right now. If you wanna know what people are truly committed to, it'll show up on their calendar or it'll affect their pocketbook. 

And that's what you get to start doing. So if you have an idea, make sure that at the least you schedule time where you're going to tackle it, jump in and make that happen. Alright, We're going to jump into some of the things that Chris and I wanted to add to this list now.

And This starts with number nine. 

And number nine is about quitting people that are poor or have that poor man mentality. They often quit when things get hard. Now, I wanna help you understand something here. This is a principle that if you internalize this, it will change your life.


Things that you've never done before will always be hard. There is a difficulty level to things that you've never done before. It may not be hard physically, it may not be hard just physically, uh, emotionally or, or, or mentally. 

But it's gonna be hard in one of those areas. When things get hard, you're that kind of person that's always just gonna quit. Throw your hands up and say, never mind, this isn't for me. 

Then you'll never accomplish anything outside of what you currently have. And if what you currently have is poor, what you currently have is not wealth. What you currently have is something that you're sick and tired of, then you have to continue through. 

You have to break through that barrier. Instead of quitting. You've gotta blast through and start succeeding. And the only way to do that is to understand that when it gets hard, you're gonna just keep on going.

The reality is, every endeavor you have, every goal that you have, every business you wanna start, everything that you want to do, it has a gestation period of time of how long it needs before it can become successful. 

And you won't figure out what it is until you're, in hindsight, you won't figure out what it is until you get that 2020 vision looking in the rear view mirror. So you have an idea. And it could be that it takes 90 days for it to come to fruition, become successful. 

But if you have practiced becoming a failure on day one, day three, day five, day 20, or 89 days before it really was gonna pop, then you've never really given any of your ideas an opportunity to bloom. And so one of the things that you get to learn how to do is instead of quitting, you get to learn how to do hard things. You get to learn how to stick with it and ultimately become the definition of constant sustainability and stick with fitness.

Alright, number 10, entitlement. Now, this is a big one, Chris. We've, uh, , we've met so many people over the years who kind of came to us. They started off with this entitlement mentality. We've been able to help them again, take on More, More accountability. What does entitlement mean? 

Well, there's this old school Disney cartoon Scene That I watched when I was a kid growing up. And it was Goofy, Goofy from Disney going up the mountain, singing the song. That guy right there, He's like, oh, the world owes me you live in. And that phrase, I sung that tune so many times, but now as an adult where I'm at, I'm like, Ugh, what A poisonous message.

The world does not owe you anything. The world does not owe you a living. In fact, people in the world will often use their own agency to benefit you, but they'll also use it to disadvantage you. 

And sometimes it's intentional, sometimes it's not intentional. And the bottom line is, here on this planet, you are born into the system. And what are you really entitled to? In fact, in our government, we like to talk about the entitlements, the things that I'm entitled to. You know what? 

I'm not going to allow the government. I'm not going to rely on the government to take care of me, provide my medical care, or do these things. It's great if it does. The moment it's not providing for me, and I start going into the blame game is the moment I disempower myself to go out there and make it happen. So entitlement says people owe me things. 

The world owes me things. Family owes me things. Parents owe me things. The world owes me things. We're just stepping into a new idea and a new belief that says I get to, I get to take ownership and claim the things that I want in life. 

I get to step up and make them happen. I get to be a self-made, I, I, I wanna talk to also the people that aren't maybe just poor, maybe even the entrepreneurs right now who have stepped into an entitlement mentality. 'cause I've been here before, Chris and I, Chris, you, you and I, we've, we've started some businesses before. And I got to a point once, I just wanna tell a quick story personal real quick. 

I got to a point once where in, in my, in our business, I was one of the owners of this business. And I got into this entitlement mentality. I thought that the business owed me something. I thought that because I had a title and ownership and all these different things that, that I was owed something that, that I, I should be exempt from some different things from, you know, uh, uh, from ridicule or whatever. 

I, I, I thought I was exempt from all this. I felt entitled. And I'll tell you, it was eye-opening for me. The moment that I actually stopped feeling entitled. The moment that I recognized that whatever I'm gonna have in life with my business or outside of my business was gonna be determined by the results that I was creating with my two hands, by my brain. And that no one had to give me anything that I had to earn it. The moment I, I flipped that switch, everything changed for me. 

And So, not just for poor people, but maybe even semi wealthy people or people that are business owners that are feeling like they're hitting those ceilings, check in. Ask yourself, am I, am I, have I stepped into a space of entitlement because I own the business or because, uh, I'm an entrepreneur or because whatever, because I have this title. 

And if so, if you can step outta that entitlement, you'll find so much more success coming to you. Perfect. Alright, number 11 of 15, poor people don't do the math. 

And I'm talking about the math of life. What do I need for retirement? What do I need to do to get to my goal? What do I need to do in my budget? Life has some really basic essential math associated with it. 

There's so many of us that are on a plan that is guaranteed to get us where we don't wanna be. And yet we're following that plan. It's our directive, it's our mo, it's what we're doing. And one of the ways that I really find this and look at this, Steven, is I got people that, for example, will be at a job, they'll be contributing to a 4 01K. They'll be thinking, this is my retirement plan. And yet they haven't done the math. What did you make last year? Just multiply that by your next 20 years of working. 

And how much will you have it? And Ask Yourself, will a hundred thousand dollars be enough for retirement? Will 300,000 be enough for retirement? I know that $200,000 sounds like a lot of money when you don't have it, but if you're making and living off of the national average of $50,000 a year, then $200,000 will last you four years. 

That means that you're on a plan. You've chosen to invest in 4 0 1 k or that retirement model. And what it means is that when you get to retirement, you get four years of living. Unfortunately, modern day medicine is allowing us to live for a lot longer than that. So the question is, what are you gonna do with the next decade or two of your life? 

Do the math and make sure that you are making a plan commensurate with fulfilling whatever's that you're doing. Same thing on little things like, Hey, I wanna start a business. I'm gonna start it today. I'm gonna be successful tomorrow. Do the math. Yeah. And get realistic and, and allow the math to help dictate some of you're like, well, I'm not really good at math. 

Or How do you do that? Most of the math I'm talking about is multiplication, division plus and minus, right? I've been living on $50,000 a year and I'm probably gonna live for 30 more years after retirement. So what's the math? Right? 

Just do the math. Like that's exactly what you're saying. It's one and a half million dollars. Yeah. Thank you. He does math really well. Um, so, and you brought up something here in this conversation that is actually number 12, which is not only do the math, but have a plan, right? 

Do the math. And number 12, have a plan. Poor people do not have plans. They,They don't have a plan. They just kind of float through life. And I love Napoleon Hill, uh, in Outwitting the Devil by Napoleon Hill. Great book. 

He talks about drifters, you know, and, and he, he talks about people who kind of just are floating through life, allowing life to happen to them. And that is someone who doesn't have a plan. Really. 

That's what it is. So make sure that you do have a plan. Get clear on what it is that you want, and then get after it. If you don't know what you want yet, ask yourself, what do I want? And then start writing it down. 

We are all clear on the things that we don't want, which is why oftentimes we're creating what we don't want. 'cause we're spending all of our time focusing on the things that we don't want that are outside of any plan. 

We just don't have a plan. Right. But if you get clear on a plan, if you get clear on what you want, you put a plan behind it, you'll start putting all of your energy, all of your time, all of your focus into that plan, and you'll start to get that plan.

Boom. Okay? Number 13 of the 15, excuses, excuses, excuses, excuses And excuses. Beget excuses. I didn't do this. I was born poor and this didn't happen to me. And I woke up late and then my car got a flat tire. And then this person said this thing to me, and my boss didn't do that. And that's when I got fired. Was It my fault it was raining? 

Yeah. And he did it to me. And, you know, and the idea of excuses is that we always have an external reason why we didn't show up and do what we did. It's what Steven said, with no plan, you're either acting or being acted upon. 

You're either out there claiming life and making it happen, or you're just drifting along like Steven said. So drifters will make excuses and people that are executing plans, they're not gonna make excuses.

They're also going to take responsibility for what they didn't do. Absolutely. You know, yesterday, I was in a conversation where someone said, Hey, this business employee did not respond to the email over the Christmas break, and it ended up creating a bad reputation for me. 

Best thing that that employee can do is if they didn't do it, sure they have a great excuse. It Was the Holidays, man. It was Christmas Eve. That's true. But you also get to take ownership and say, you're right. 

I didn't do it. Okay. Taking that ownership and taking that in, there's, even though it sucks to eat a little bit of crow or a lot, there's a benefit that you get afterwards, which is you get to step into power that says, whoa, instead of having all these excuses, 

I can rise above my excuses and really take my life back by acting powerfully upon it. Yeah. Guys, number 14 is all about time management. This is something where poor People Are really, really, uh, they're, they're, they're bad at, at this. 

And the reason why this is so important is because so often when we look at our resources, when we look at what our assets are to us, we oftentimes will look at our, our, our money as a big resource. We'll often look at energy, right? 

As a resource. But oftentimes we look at our time and we just squander our time. Your time is your greatest resource. It is your most valuable Resource.

It is the only resource that you have that is limited energy. You can get more, right? You can eat food, you can go to sleep and get rest and get more energy, Money. You Can create more. 

You can create a business and get more money. Time. All of us only have 24 hours in a day. And that's limited by how many years you're gonna live. Who knows, right? So time is your Most Valuable resource. Start Treating it as such. 

Begin today to use every minute of your day in a way that's gonna benefit you and bring you closer to your goals rather than allowing those goals to just drift away from you. We're also in a really highly addictive society. 

Oh yeah. And, and whether it's Netflix binging or all the different things that we can, that we can invest enormous amounts of time in, often we get to make a trade of some of those things that we're maybe in excess of to produce the extra time that we need for doing the things that are more required, essential, or are gonna actually help us achieve the level of success or personal fulfillment that we're going after. 

Absolutely. Alright, this is number 15. This is the final one, is that poor people have lots of poor limiting beliefs. And a limiting belief is any idea that you subscribe to that holds you back. If you, have you ever said the words, I can't do it. I'm too young, I'm too old. 

I'm not a good business person. I'm not a good business person. I don't have money for that. Yeah. You know, rich people are, are, are greedy and, and, and, um, there's not enough. Well, these are just ideas. 

And even though they're your ideas, we have mistaken our limiting beliefs for identity, and this is the identity crisis, is that poor people believe all sorts of things about themself that are only true because they believe in them. 

And the opposite of a limiting belief is an empowerment belief. It's a limitless belief. And what Steven and I are gonna do right now is we're gonna end with a final bonus. We're gonna take these 15 top things that poor people do, and we're gonna create right now, 15 new empowering beliefs that you can write down that will assist you in being empowered. 

So the first thing that we covered is that poor people eat fast food. Instead. The new belief would be, I eat healthy food. I eat healthy Food. Absolutely. Number two, buy clothes or products on sale. 

And the other, and the new belief might be, I love buying the things that I need. Yeah, absolutely. How about this one? Number three, I wake up late. I'm not a morning person, or I wake up early. Yeah. I'm a morning person. 

And some Of 'em be like, that's crazy, dude. If you're really addicted to your sleep, we're not saying get less sleep, but you might need to shift your hours around a little bit. And this idea of just sleeping and sleeping in something beautiful can happen. 

If you just start with the idea and, and you're gonna say, but it's not true. Start with the idea. That's the beginning of change. That's the beginning of transformation. So if you say, like Steven just said, I'm a morning person, guess what? 

Let that sink in. Keep saying it every single day. And eventually this belief is gonna take root and it's gonna correct that, that old pattern of the past. And it's not that one choice is better than another, it's you simply acting upon the world. Yep. So number four was to blame others for misfortune. How about this? 

I'm accountable for all of my results. I take Accountability and responsibility for everything that happens in my life. Absolutely.

Here's number five. Instead of not saving money, I'm an expert money saver. I'm really good at budgeting. Yeah. Or Use Credit Cards Or Loans for useless things. How about I use credit cards and loans to improve my life. 

I use credit cards and loans to make wise investments, and I make intelligent financial decisions. Yeah, that's good. So instead of spending money before you get it, you could step into the new belief, which is that I'm an expert at managing my financial resources. Well, I like that one a lot. How about this? 

On never follow through on ideas, which is number eight. I never follow through on ideas. How about this? I follow through on every good idea that serves me. I always follow through with my inspired ideas. I love That.

I'm committed to the choices that I make. I follow through every time. Yeah. Number nine. Number nine is, I quit when it gets hard. What will be a new one for that, Chris?I'm consistent. I'm Constant. I like that. I stick with it. I like that a lot. 

Okay, Here's number 10. The world owes me a living. I'm entitled. Instead, it's, I create my living. I claim my life, I claim the abundance that's around me. I step in and I'm the maker of my life. Yeah. Number 11 is, I don't do the math. 

A turnaround for that could be, I do the math. I know exactly what I need to do. I've run the numbers. I love running the numbers. Number 12, no plan. Instead, we're gonna go with, I'm an expert planner. I plan for success. I'm successful because I'm an expert planner. Number 13 I make excuses. 

How about this? I'm accountable and responsible for everything that happens to me. Number 14, time management problems. We're gonna play with a different idea here. We're gonna play with each other. 

I'm an expert at time management. Now notice how often I'm dropping in the word expert. If you've been really bad at it, you're like, Chris, I could tell myself many things, but not an expert. Listen, what do you wanna strive for? 

You gotta speak it into creation. You gotta think it and become it here before you're gonna see it out here. So, by the way, would it benefit you to become an expert at Managing your time? The answer would be, yeah. 

Correct. Yes. So instead, just run with it. I'm an expert at managing my Time and watch How time management Shifts for you.

Now, the last one, and this is, this is a little bit of a bonus, but the video that we're, that we started with in this whole thing was from 15 things that poor people do that the rich don't. 

And I would say one limiting belief is that you're even poor. So try this on. I'm wealthy, right? I, I create an abundance all around me. I invite it into my life. I am wealthy. I am rich. Try that on.

If you start to think that way, then all of these little things that you've identified in your life that you may need to shift and change and, and create some new habits around are going to start to, to bring you out of that poverty, out of that poor man's mentality and create the wealth that you're looking for. 

So instead of 15 things poor people do, this video is 15 things that wealthy people do. Absolutely.

Really makes you wanna reflect, doesn't it, on your habits, the things that you do. And at the end of the day, you can keep any habits you want, but I think it's worth studying these 15 different things and just asking what's worth fighting for? What's worth dying for? What's worth changing? 

And I hope that if you found even just one thing to change, it's gonna help you be far better off. I also wanna invite you to click the link and click on the option to come spend three days with me, because I gotta tell you right now, we opened the door at my three day live events on how to transform your life with becoming limitless.

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