The goal of the Rich vs. Poor Series is to highlight the habits that result in wealth and poverty, and explore the reasons for why a poor environment teaches habits that perpetuate poverty, and why a rich environment teaches habits that perpetuate wealth. In doing so, I hope to 1. Reduce class warfare and hate by promoting understanding and empathy between the rich and poor, and 2. Educate the poor on how they can improve their own situation. You can then apply these lessons to your life and improve yourself.
Here is the Full Outline of the material I hope to turn into articles: Rich vs. Poor Notes: Mildly Organized
Links to All Articles
- Success (Wealth) – Rich vs Poor
- Friends as an Asset Class – An Investor’s Take on Friendship
- Parenting – Rich vs Poor
- Specialization – Rich vs. Poor
- Health or Money – Rich vs. Poor
These articles frame problems in relation to wealth inequality specifically to draw insight from that comparison; there are exceptions to the assumptions made, and wealth inequality is not the only factor at play in the bigger picture.
Scarcity vs Abundance theme is the idea that your decision making in the face of abundance is different from your decision making in the face of scarcity, and it is this decision making logic that gives rise to different habits and behaviors.
Why poor people make rash decisions for short term profit that keep them poor while failing to achieve happiness from the short term profit, therefore keeping them stressed and in a condition to make poor choices. – Reddit
What Poverty Does to the Young Brain – New Yorker. While wealth does not improve one’s brain, poverty does diminish one’s brain in the early years of child development.