Debt Doesn't Make You Rich

Minority Mindset
â˘September 12th, 2018
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. An infomercial said they could fix your credit score to help you finance more luxuries which would make you wealthy. Debt doesn't make you rich - here's why.
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Debt Doesnât Make You Rich
0:15 - Infomercial about how to build wealth with your credit
1:33 - Improving your credit score makes it easier to get a loan, and according to some people this equals wealth
2:17 - Having easy access to consumer debt doesnât make you wealthy
2:51 - What it means to be wealthy
3:22 - What you own wonât make you wealthy unless itâs putting money in your pocket
3:56 - Getting stuck in the cycle of debt by just trying to pay things off instead of building wealth
4:48 - The number one reason why the majority of people will never be wealthy
What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.
Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.
Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy
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