00:00How to become a millionaire, part 20. Most people think rich people keep cash because they're afraid
00:05of investing. The truth is, they keep cash so they can buy when everyone else is forced to sell.
00:12Here are two wealth strategies the top 1% use. Lesson 1. Never think of your emergency fund as
00:19an expense. Think of it as a weapon. When the market crashes, most people are forced to sell
00:25their investments to pay bills. The wealthy do the opposite. Because they have cash ready,
00:30they buy great businesses and assets at huge discounts while everyone else is panicking.
00:35Lesson 2. Before buying anything expensive, ask yourself one question. Am I paying with my salary
00:41or with my investments? The wealthy spend the returns from their assets. They protect the
00:47original investment and let it keep generating more money. That's how wealth compounds for decades.
00:52But here's the thing. These are only two of the 10 institutional money strategies covered in the
00:58full breakdown. The remaining strategies explain how the wealthy negotiate better deals, avoid lifestyle
01:03traps, build cash-flowing assets, and create wealth that survives recessions. Watch the full video.
01:10The link is in the pinned comment.
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