Fake it till you make, that’s what I thought was going to help become rich; turns out it’s a bad idea. Can you guess where I heard that advice, from rap songs that I use to listen to.
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1. This Should be Common Sense But it's not
- If you want to become something the best people to learn from are the people who have already accomplished it
- But we live in a world, where we are fooled by very good actors and very twisted forms of language
First Lie:
- We think that rich and wealthy people are the people who have the most money and show it off
- But the people that are rich are people that can turn their incomes into wealth, and that doesn’t involve showing your wealth, it involves growing your wealth
In this video and in this Book:
- Our focus is not going to be on the people with a high income but the ability to build wealth
- But the people are truly millionaires and are good at creating wealth
- And the most surprising thing, is that these people don’t look rich
This book has 9 chapters so let's split 3 chapters into one part, so I’ll be giving you 3 parts, don’t worry its all right here in this video. Someone please help me out and provide the time code in the comment down below
2. First Part ( all the Glitters is Not Gold ) William Shakespeare
Chapter 1: The Difference Between Being Rich and Acting Rich
Chapter 2: Everything you think about rich is wrong
Chapter 3: Do the Shoes Make the Man
Story:
- So you guys know Rihanna, the famous singer who is worth about 1.4 billion dollars according to Google
- She was involved in a lawsuit against her accountant, who according to her almost made her go broke over “bad advice”
- She Spent Millions on a Mansion and blamed her accountant because she was buying things and running out of money
- The accountant's Response was “Did someone really need to tell her, that if she spent the money, she would end up with the things and not the money “That’s me paraphrasing by saying
Application:
- The moral of the story is, that one thing is someone that looks rich and behind it all is just someone with a high income and a lot of bad money habits
- Building wealth is not about the things you can buy
- It's about putting money to work
3. Second Part: Price doesn’t equal Quality.
Chapter 4: Brother, do you have the time?
Chapter 5: Keeping up with your Spirits.
Chapter 6: The Grapes of Wrath
Story:
- This reminds me of the Guy who worked at a Spirits Store and
The guy who bought a spirit store and brought boxes back and forth from his store and house
- People are adamant about the value of things, based on price but the truth is that price is not an indicator or quality of value (it is just price )
One- 1liter of Grey Goose will cost you about $43, while one liter of Smirnoff would cost you $15
- People say one is better than the other, but on a blind taste people can't tell the difference, It is just vodka
Apply This:
- Stop looking at the brands when you are buying things and look for value
- Value is what you get and price is what you pay
4. Third Part: Great finally
Chapter 7: The Road to Happiness ( this is about cars )
Chapter 8: Getting out of the Poorhouse
Chapter 9: All that glitter is not the Millionaire's Goal
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
21 авг 2024
