Wealthy people deflect rejection as feedback while poor mindsets accumulate it
Codie Sanchez · Codie Sanchez: Your Blueprint to Financial Freedom · Jan 7, 2025 · at 54:18
Entrepreneur and investor Codie Sanchez explains the psychological differences in handling failure and rejection between wealthy individuals and those struggling financially.
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“So rich people have gotten told no so many times. They've been rejected so many times that it almost just bounces off of them. They kind of go, yeah, I'm gonna do it anyway. Thanks for the feedback. I'm gonna try it. I think poor people They have confirmation bias of no. So when stuff has happened to them that's bad, or when stuff hasn't worked out, instead of an armor of no, they're wearing a coat of no. They're like, yep, just let it in. Let's just build some more on this coat. Let's make this cape longer. And I think if you can kind of visualize it like that, a deflection versus an accumulation of no's, that's the difference between rich people and broke people.”
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