Why The Rich Are Rich
The game of wealth is all about leveraging knowledge, systems, and strategies to grow and preserve wealth. Here's how the rich keep getting richer: 1. Understanding Money Is a Tool, Not a Goal The rich view money as a tool to make more money, not just something to spend. They understand the power of compound growth (money making money over time). 2. Investing, Not Just Earning Stock Market: Investing in stocks, ETFs, and index funds to earn returns over time. Real Estate: Buying properties to earn rental income and long-term appreciation. Businesses: Building or investing in businesses with high scalability. Key Tip: Investments provide passive income, meaning they make money without direct effort. 3. Leveraging Debt Rich people use good debt to make money. For example: Borrowing to buy real estate or start a business. Taking loans at low-interest rates to invest in assets with higher returns. Bad debt (e.g., high-interest loans for luxury consumption) is avoided. 4. Ow...