HOW THE RICH INVEST DIFFERENTLY (Start Doing This Today)

Here's what the rich are doing differently than you, from a stock market investing standpoint. Here's the difference between the rich and the poor. I want to share with you today how I have the #rich mentality in my dividend stock investing, and how I have had challenges in the past overcoming the poor mentality. Learn how to be successful in your #stock market #investing.

TIMESTAMPS:
0:00 Introduction
1:54 SEGMENT 1: WHERE DOES THE POOR MINDSET COME FROM?
2:05 You are born with a rich mindset.
2:40 Once you reach the workforce, the poor mindset is often pushed onto you in a heavy way. This is one the greatest scams of our time, in my opinion.
3:28 Key Takeaway: There are only so many key positions available at corporations. This limits your upside and creates a limiting poor mentality.
4:06 From a first-hand experience, I experienced bosses who told me that I couldn't do certain things.
4:26 Key Takeaway: I think the limiting beliefs of certain corporate structures and managers is a huge scam. The poor mindset is a scam.
5:10 The structure in place creates a subconscious of a poor mentality.
5:30 Key Takeaway: If you want to be a great stock market investor, you need to aggressively claim back your rich mentality.
7:30 Takeaway: Avoid the skeptics. Have the confidence in your own analysis.
8:58 Takeaway: Even though everyone is staying WFC is a bad bank, my analysis shows me it's the best one! I need to trust myself, while also paying attention to healthy criticism.
9:36 Reminder: Skepticism is ok, but you also have to rely on yourself.
10:05 There are two steps to being an investor.
10:55 When you go from a non-investor to an investor, your life will change.
12:17 A big test as an investor is successfully buying during a major market correction.
13:38 Takeaway: Surround yourself with those who reinforce your rich mindset.
14:40 Takeaway: I have a watch list so I don’t have to analyze when the market tanks. I just buy!
16:00 I’m not perfect. I still have the poor mentality sometimes.
16:34 The definition of the poor mentality. Avoid this at all costs!
17:49 SEGMENT 2: DIVIDEND STOCK EXAMPLES RICH VS. POOR MENTALITY
19:54 I regret not buying Cedar fair in the $13 range.
20:22 I made 30 stock buy orders for SBUX so far in 2020. I had the rich mentality with this stock.
22:21 Takeaway: The best dividend stock investors get excited with falling share prices.
24:47 To be honest, I did fall into some of the community's skepticism on WFC. However, I'm back on my rich mentality now.
28:44 Takeaway: Investors are always learning. The learning never ends!
29:50 SEGMENT 3: CLOSING WITH A QUOTE ABOUT THE RICH MENTALITY
33:55 DISCLOSURE AND DISCLAIMER

Here's my Wells Fargo (WFC) dividend stock analysis from earlier this year: https://youtu.be/n1dtXyhkyHU

Here's my fundamental dividend stock analysis of K, CHD, and HRL: https://youtu.be/RNUWjPtazoc

DISCLOSURE: I am long The Home Depot (HD), Johnson & Johnson (JNJ), 3M (MMM), Starbucks (SBUX), BP (BP), Chevron (CVX), Royal Dutch Shell (RDS-A), Wells Fargo (WFC), Cedar Fair (FUN), and Honeywell (HON). I own these stocks in my personal stock portfolio.

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