“How the Broke Spend vs How the Rich Spend (Mindse

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Transcript

00:00Have you ever wondered why some people seem to get richer while others stay stuck?

00:04It's not just about how much you earn, but how you spend.

00:08Let's break down the mindset shift that separates the wealthy from the rest.

00:13Most people get their paycheck and immediately think about what they can buy.

00:16A new phone, a night out, the latest fashion.

00:19This is spending on liabilities, things that take money out of your pocket.

00:23The rich, on the other hand, play a different game.

00:26When they get money, their first thought is, how can I make this money work for me?

00:31They prioritize buying assets.

00:34Things like stocks, real estate, or a business that will generate more income over time.

00:39It's a simple shift, from spending to impress to investing to progress.

00:43Instead of buying things that lose value, they buy things that grow in value.

00:48This is the fundamental secret to building long-term wealth.

00:51Start thinking like an investor, not just a consumer.

00:54Thanks for watching.

00:56If this helped, don't forget to like and subscribe for more tips on upgrading your financial mindset.