Little-Known Money Rules That the Wealthy Don’t Want You to Know

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00:00Little-known money rules that the wealthy don't want you to know.

00:04Use debt as a money-making tool.

00:07Rich people use good debt to buy income-producing assets,

00:10preserving their cash for more investments,

00:12while most people avoid debt and miss opportunities to grow wealth faster.

00:17Buy things that make money, not just earn more money.

00:20Rich people prioritize income-producing assets over bigger salaries,

00:24letting money work for them, while most people focus only on raises,

00:28instead of owning things that generate ongoing wealth.

00:32Pay less taxes legally.

00:35Study tax rules to keep more money,

00:37using deductions, special accounts, and smart timing of investments,

00:40while most people miss these benefits by only doing basic taxes.

00:45Only buy things that go up in value.

00:47Buy assets that rise in value and avoid treating depreciating items as investments,

00:52while most people mistake expensive purchases for assets and slow their wealth growth.

00:56Have many ways to make money.

01:00The wealthy diversify income through jobs, investments, and businesses,

01:04protecting against loss and accelerating wealth.

01:07Most people rely solely on a paycheck and risk financial setbacks.

01:12Make saving and investing automatic.

01:14Rich people automate saving and investing,

01:17paying themselves first so wealth grows consistently,

01:20while most only save what's left after spending.

01:22Think about the future, not just today.

01:26The wealthy think long-term,

01:28investing patiently in assets, skills, and businesses,

01:31letting money grow over time,

01:33while most people chase quick results and short-term gains.