B2 – Upper Intermediate
A rich mindset and a poor mindset are often described as different ways of thinking rather than simply the amount of money a person has. A rich mindset focuses on growth, learning, opportunities, and long-term goals, while a poor mindset may be centered on limitations, fear of failure, and short-term survival.
Although circumstances can influence a person’s outlook, these mindsets can change over time through education, experience, and a willingness to adopt new perspectives.
Read the article about the key difference between the rich and the poor mindset.
https://novamoney.com/blog/5-key-differences-between-a-rich-mindset-and-a-poor-mindset
Vocabulary Questions:
- What does “to live beyond one’s means” mean? “Poor people are those who live beyond their means.” Use the idiom in a sentence. Give a synonym.
- What does “to live paycheck to paycheck” mean? “The poor tend to live paycheque to paycheque.” Use the expression in a sentence. Give a synonym.
- What does “to make ends meet” mean? “When a crisis hits, making ends meet is nearly impossible.” Use the phrase in a sentence. Give a synonym.
Discussion Questions:
- Do you believe mindset can influence a person’s success? Why or why not?
- Share your insights on this, “Rich people are said to make money work for them.”
- What are your thoughts on this, “Poor people spend on both necessities and desires.”?
- Do you agree or disagree, “Poor people care about image.”? Explain.
- Why do you think “Rich people tend to be risk takers and poor people risk averse.”?