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You buy things to look rich. They buy things to stay rich.
Fund Rake
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2 days ago
You buy things to look rich. They buy things to stay rich.
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Fun
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00:00
You buy things to look rich. They buy things to stay rich.
00:04
Let me explain.
00:05
When you get a paycheck, what's the first thing you think about buying?
00:09
A new phone? Designer clothes? A fancy dinner?
00:13
These are liabilities.
00:15
They make you look good symptomatically, but they take money out of your pocket.
00:19
Now, what do the wealthy do?
00:22
When they get a paycheck, or more likely a return on their investments, they buy assets.
00:27
They're buying stocks that pay dividends, real estate that generates rental income,
00:31
or investing in a business that grows in value.
00:34
These things don't just sit there. They actively make more money.
00:38
It's a fundamental mindset shift.
00:40
Are you spending money to impress others, or are you investing money to build a future?
00:45
The difference is what separates temporary wealth from generational wealth.
00:50
So, next time you're about to splurge, ask yourself, is this a liability or an asset?
00:56
Thanks for watching.
00:58
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