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54: How to Think Rich to Get Rich
Manage episode 291522405 series 2867071
Konten disediakan oleh Stephen Somers and Robert Rickey. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Stephen Somers and Robert Rickey atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
The middle-class focus on saving. The rich focus on earning.
If you think that focusing on cutting down your expenses and saving money is the way to wealth, it's not the route, trust me, I tried it.
Don't get me wrong, it does make sense to have some savings, but that is not the way to build wealth.
You need to invest your money into some sort of asset that can multiply your original investment for you.
A great example would be Amazon FBA, investing in products that when they sell, double your original investment.
But, this same way of thinking and investment strategy can be applied in other areas of business.
We have invested money into growing an email list and developing digital products that we can make once and promote to these lists that then generate more money as a result.
Are you trading time for money?
Or, are you investing money into assets, so that they can work for you and make more money?
This is the difference between the rich and the rest.
It is wise though to invest time into learning how the rich think. Learning how they invest in different assets to get a multiplied return.
So be sure to stick around until the end to get all of the top tips to grow your wealth!
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