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7 Things Rich People Buy That The Poor Don't

 7 Things Rich People Buy That The Poor Don't

7 Things Rich People Buy That The Poor Don't what are the seven things that rich people buy that the poor and middleclass dont you see one of the things that differentiates the rich from the poor its not just because of money its because they have assets rich people they buy and they own and the acquire assets middleclass they buy liabilities thinking their assets and poor people they only have expenses today Im going to share with you seven types of assets that rich people buy acquire and own and Im not going to define assets as in traditional accounting terms when you talked in Camden and they will explain to you what types of asset classes they are Im gonna define it the way that rich people that the way that we see assets that are very very different how most people see it by the way if you have not ordered a copy of my new book unlock it mixture clicking link somewhere here and order a new book where I go much more indepth how do you unlock your financial confidence and how do you acquire wealth number one the first type of asset that rich people have that the poor dont is business see most rich people almost all of them either they make their money through their companies and business or they have an invested interest in multiple companies or multiple businesses so once you think about it versus poor people all they have is a job they have a paycheck at the end of the month youll never get rich through a paycheck you only get rich through a business on multiple businesses why because its the only way you can apply leverage you can leverage other peoples time money resources and talents to build something to make your vision a reality that your earning ability is not tied to how many hours that you work youre able to leverage one to ten one to one to five hundred to build a bigger business to be able to impact more people and deliver more value to marketplace in exchange of money thats what a business does so thats the first as a class business number two the second type of asset that which people buy that the poor dont is arts and antiques now this is an asset class that I know very little about I cannot tell the difference between a hundred dollar painting versus a hundred thousand dollar painting I have no clue this is an area that I am like a complete idiot my art collection would be my hot toys and an Iron Man collection although my wife Jenny would argue that is not an asset class well to me it is an asset class number three the third asset type that the rich buy that the poor dont its automobiles now a lot of people they buy automobiles just for transportation but the rich sometimes they buy for collection because they get pleasure driving them owning them or fixing them repairing them selling them done properly this could be a very lucrative thing that you do but most of time my friends I notice that they just because they have a passion for automobiles or classic automobiles they do it just for fun but because they collect them they buy rare automobiles and when they sell them they do make a nice profit from it it does turn into an asset class but for me I just do it for fun number four real estate this is the most popular asset class amount of rich most rich people that either make their money through real estate or they park or hold their money in real estate now when it comes to real estate there are so many different types of real estate you have residential all you have commercial residential Im talking about condo or singlefamily home commercial real estate Im talking about malls hotels right offices multifamily two very different types of real estate and within real estate you have so many different types of strategies do you buy and hold your buy and flip do you develop right do you do air BB depends on what it is that you want to do and how much capital you have and where you want to go now why do so many rich people have real estate or they park their money in real estate its because the banks the lending institutions they love real estate they will loan your money to buy real estate right they like the security of real estate they feel like thats thats a hard assets its an intangible asset that they like to lend money on and thats why a lot of rich people we either make their money in real estate or we hold our money in real estate number five the fifth asset class that rich people buy that the poor dont is paper assets Im talking about bonds mutual funds and stocks now when it comes to assets sometimes we buy assets because it produces cash flow or dividends in some cases we buy assets and we hopefully it would increase in dalian over time thats called appreciation so when it comes to stocks except its like dividend stocks but stocks mutual funds and bonds we are buying it in a certain price and hopefully itll go up later in the future we are betting we are buying on the appreciation you see with paper assets you can turn that into money very very easily lets say compare that to a piece of real estate in order to convert a piece of real estate into money well maybe in to list the property in a cell it takes time or even if you want to get a loan get a mortgage the second mortgage from the bank it takes time but with stocks with mutual funds you can sell that and turn it into money very very easily number six theres six as a class that rich people buy that the poor dont is intellectual properties Im talking about patents trademarks brands copyright any other intellectual properties that you might have see this is an asset class that I love I own a lot of intellectual properties the reason I like intellectual properties its because the ability you can scale you can license your intellectual properties to somebody else but also the maintenance fee its very very little compared to other asset classes I can also duplicate and replicate what I do too able to surf way more people so intellectual properties Disney has a lot of intellectual properties cocacola as a brand the brand itself thats an intellectual property the bread itself is actually worth more than the actual hard assets that cocacola owns the brand cocacola is worth billions and billions of dollars number seven the last thing that rich people buy that the poor dont is precious metals Im talking about gold silver platinum this is a gift from my mentees from Australia 24k gold go now goal is very very important you notice when the currency of our dollars it depends on what countries youre coming from rich people they like to have the money in gold because throughout history you notice that gold is the currency it is the asset class that is recessionproof so its a very very important asset class that in your portfolio you have to think about so precious metals those are the seven things that rich people buy that the poor dont I want to give you a bonus and this is a new asset class what am I talking about asset number eight and that is audience thats right audience is the attention is the new currency to be able to have an audience you see this through social media influencers who have audience that theyre able to captivate other peoples attention their audience attention it is worth money thats how theyre able to generate income and profits and money from what they do attention is the new currency because with our attention you will not be able to get customers and without customers you wont have any sales no sales no money no profits its that simple a lot of people dating they collect this asset class and I believe this is an asset class that a lot of people even rich people ignore and overlook this is an asset class that you can scale and expand very very quickly to have ten thousand people twenty thousand people fifty thousand people a hundred people paying attention to your message your cause what you are focusing on what you want to promote even if you want to promote charity your foundation you need attention you need audience money alone doesnt just get your attention attention is attention money alone is not enough but to be able to get attention you can convert that into money you convert that into profit and this is asset class that could grow and grow and grow and theres no limit theres absolutely no limit by the way if you want to learn more about how I do that get a copy of my book and lock it published by Forbes books where I go much more in depth I talk about this currency this new currency that even successful CEOs dont know much about so go ahead clean a link here and get a copy of my book '
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 7 Things Rich People Buy That The Poor Don't

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https://www.youtube.com/watch?v=Fd5vxx3maNQ
https://www.youtube.com/watch?v=pGjNry27oeQ
https://www.facebook.com/DanLokOfficial/videos/7-things-rich-people-buy-that-poor-people-dont/598767110608152/
https://brightside.me/wonder-curiosities/13-things-rich-people-seldom-buy-while-the-poor-are-drowning-in-debt-to-get-them-710910/
https://www.afterschoolafrica.com/45200/25-things-poor-people-do-that-the-rich-dont-do/
https://www.pinterest.es/pin/171207223321638294/
https://exectechweb.com/seven-things-rich-people-do-that-poor-people-do-not-do/
https://www.rd.com/list/what-rich-people-never-buy/
https://www.pinterest.com/pin/777222848174177207/
https://moneyppl.com/30-things-poor-people-do-that-rich-people-dont/23314/
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