Tag: wealthy
Generation Wealth – Official Trailer | Amazon Studios
Jason 0 Comments Retire Wealthy
– If I wanna work 100 hours a
week and never see my family and die at an early age
that's my prerogative. – I would have money as big as this room. And kiss it. – 33 pounds of gold and diamonds
given to me by superstars of the world. – I love money. Come to me. – I've been a photographer for 25 years. With my lens focused on wealth,
I noticed that no matter how much people had, they still want more.
I wanna figure out why our
obsession with wealth has grown. It seemed to be a shift
in the American dream. – I know the name's of the
Kardashians better than I know the names of my neighbors. – This fictitious
lifestyle fuels this sense of inadequacy. – I have the classic Birkin
in almost every color. – The bags start $20,000 and go up. – I realized wealth was
much more than money. It was whatever gave us value. Fame, sex, even plastic surgery for dogs. – It's kind of like the end of Rome.
Society's accrue their greatest
wealth at the the moment that they face death. – If you look great and
you have a nice car, I'm all for it. But at the expense of what? – [Woman] You sell your soul to the devil. – You're so hungry for it you're blinded. – I am on the FBI most wanted list. – All of us are following the toxic dream. – If you think that money
will buy you anything and everything, you've
never ever had money. – Dollars, dinero, money is what it takes..
Generation Wealth – Official Trailer | Amazon Studios
Jason 0 Comments Retire Wealthy
– If I wanna work 100 hours a
week and never see my family and die at an early age
that's my prerogative. – I would have money as big as this room. And kiss it. – 33 pounds of gold and diamonds
given to me by superstars of the world. – I love money. Come to me. – I've been a photographer for 25 years. With my lens focused on wealth,
I noticed that no matter how much people had, they still want more. I wanna figure out why our
obsession with wealth has grown. It seemed to be a shift
in the American dream. – I know the name's of the
Kardashians better than I know the names of my neighbors. – This fictitious
lifestyle fuels this sense of inadequacy. – I have the classic Birkin
in almost every color. – The bags start $20,000 and go up. – I realized wealth was
much more than money. It was whatever gave us value. Fame, sex, even plastic surgery for dogs. – It's kind of like the end of Rome.
Society's accrue their greatest
wealth at the the moment that they face death. – If you look great and
you have a nice car, I'm all for it. But at the expense of what? – [Woman] You sell your soul to the devil. – You're so hungry for it you're blinded. – I am on the FBI most wanted list. – All of us are following the toxic dream. – If you think that money
will buy you anything and everything, you've
never ever had money. – Dollars, dinero, money is what it takes..
Climbing the Wealth Pyramid: From Rich to Ultra Rich Lifestyles
Jason 0 Comments Retire Wealthy
did you know that there are billionaires that most billionaires can only dream of becoming you might be surprised to learn that not all billionaires are equal while some own businesses and corporations others own Industries and even countries once you understand this you will realize that the difference between these levels of wealth is quite staggering in this video we'll be exploring the levels of wealth and what life is like at each of these different levels we would also delve into how the ultra Rich spend their money including some of their most bizarre and extravagant purchases chapter 1 wealth in perspective so what is a billion dollars say you earned one dollar per second it would take you about 11 and a half days to make one million dollars now to make one billion you would need to earn that one dollar for over 31 and a half years so while it is very easy to think of wealth in terms of rich or poor it simply is not enough wealth classification is broader than that to begin with there is a huge difference between what a millionaire can do and what a billionaire can do worthy of note is the perspective of price which in turn feels relative to how much you earn let's compare someone earning fifty thousand dollars a year with someone earning 500 million dollars a year you see that is ten thousand times more the average guy spending thirty dollars is equivalent to the billionaire spending three hundred thousand dollars on a Lamborghini similarly a 10 million dollar piece of art would feel like one thousand dollars the difference here is that these purchases would feel so major to the average guy but to a billionaire it is not chapter two levels of wealth now let's put these guys on different levels let's see just how wealthy one can be starting at the bottom of the food chain is the top one percent we know you already had an idea of what the one percent is but give us a minute this phrase has been synonymous with being extremely rich for so long that to think otherwise seems unnatural so what is the one percent when your income is over about five hundred thousand dollars a year you would technically be considered a part of the top one percent of worldwide earners but if you are in this category you will quickly realize that you are not as rich as you think you can usually afford a nice house and a flashy car but those things come at an even higher cost to maintain and if you are working a full-time job you would feel even less financially secure this is actually why after this level wealth starts being measured in net worth rather than income the guys in the next levels of wealth don't earn their money from a salary it's mostly a case of more wealth and more assets the next level of wealth would be the guys with a net worth of 10 to 30 million dollars you can live comfortably at this level because all your needs are met easily you have a really nice house you would fly first class international only be able to book a two thousand dollar Suite when you feel fancy and most importantly no random financial situation can disrupt your life and status but at this level you still have to be smart about big decisions and in the banking world you will definitely not be classified as an ultra high net worth individual which of course brings us to the next level the guys with a net worth of 30 million to 100 million dollars if you get to this point you can kind of rest easy you are now playing in the big leagues what does this mean with a huge stake in a very large company five-star hotels and multiple Villas in Santorini Dubai or the French Riviera you probably wouldn't even mind that you would be spending about twenty thousand dollars per night you can also afford to pay for ease you know you have people running around at your every whim you have assistance for everything they take care of your schedule and stay on top of your appointments now when it comes to appointments and meetings you barely spend your time with people who do not matter whether you like it or not your Social Circle has evolved you now have access to the most influential people in business entertainment and politics but of course there is a downside to always being surrounded by other super rich and influential people the danger is you might start to feel like you do not have enough you may soon realize that you're new for sorry is not all that because your friend got himself a limited edition version you might return home from dinner with a congressman to find out that your billionaire friend just had dinner with the president it is something of a slippery slope if you get to this point you could either fall off in an attempt to achieve more or actually unlock the next level and that is the net worth of 100 million to a billion dollars to get to this level you definitely have ownership or control of a well-known company almost any experience you can dream up you can have say you feel like playing golf with your favorite golf player all you would have to do is tell your people to call his people at this level you can afford the most bizarre things on the planet like a 24K karat gold toilet a limited edition pen worth over two million dollars with nearly a thousand diamonds engraved on it all this luxury and yet you are still not at the final level chapter 3 the billionaire level now let's talk about the big guys the very few people who have built a net worth of a billion dollars and above if you study all the rankings like the Forbes list you would see that the very top 25 billionaires have more wealth between them than the poorest 50 percent of the entire world oh wait you never considered this we will get to that in a bit for now let's visualize the life of the billionaires we know about Elon Musk Jeff Bezos Bernard Arnold Mark Zuckerberg Bill Gates these names are fixtures on the Forbes list they can buy anything on this planet literally anything say a private island with a standby yacht to get you there whenever you want yes we have spoken about luxurious items and experiences but at this level it is a whole new world at this level you can buy access to almost anyone on the planet a billion dollars would also get you respect and even influence you can influence big changes in the world make an impact through philanthropy and charity you can clean water for villages in Africa fund new hospitals save endangered species and so on most interestingly you could afford to buy time your time is precious to you so thankfully you can afford to pay for Speed and ease no waiting in lines or sitting around according to Forbes there are 2 640 billionaires in the world do you think there are more would anyone go out of their way to hide just how wealthy they are share your thoughts with us in the comments like this video if you have enjoyed it so far subscribe to the channel and hit the notification Bell so you don't miss any upcoming videos like this chapter 4 the billionaire you do not know about what if we told you everything you've been told about billionaires is just one big lie it might surprise you that quite a number of people are just as rich or even richer than the Forbes billionaires we mean there has to be a reason Elon Musk is convinced that Russian President Vladimir Putin is richer than him he has a publicly disclosed official salary of one hundred forty thousand dollars but according to some experts Putin has assets that would total up to 200 billion dollars where does this conspiracy come from you see over the course of his presidency trillions of dollars have passed his hands so even if he only managed to keep a tiny percentage of let's say a trillion dollars imagine how rich he is Believe It or Not There is actually a whole segment of rich people who always appear on the Forbes list but don't even have a few million dollars these people are just paper rich they have companies that employ thousands of people and may even have a good product on their hands but their companies burn more money than they bring in did you know that Elon Musk acquired Twitter using a leveraged buyout that is essentially borrowed money not to say he is broke or anything because there are a number of reasons why he did that the point is you would often see people like this making the Forbes list while the people who you don't see are the ones who actually make the big moves these billionaires don't just make money they are the ones with unlimited access to cash they control countries and Global Supply chains their decisions impact not just themselves or their families but literally thousands if not millions of people globally take the Crown Prince of Saudi Arabia for example since 2018 Forbes has excluded all Saudi billionaires from its list but it is a well-kept secret that the prince popularly known as MBS has full access to trillions of dollars in Saudi Arabia's public investment fund this is the height of power behind the scenes access to anything in control of anything or anyone they desire here you might be feeling a little inspired right now you could also be feeling like you do not have enough or maybe there is a little anger in your heart now that you have truly seen how wide the gap between the Haves and halves not really is whatever the case may be we think that one's goal in life should not be uncountable riches but rather happiness at every level of life you should strive to be happy because the truth is nobody truly has it all these ultra-rich people also live difficult lives they can only afford to hide it better it is easy to feel little but the fact that you have access to a device and an internet connection to listen to this means you are not so down the line you are actually richer than you think there is no guarantee that abundant wealth will make you happier than you are right now so always remember you have enough and most importantly you are enough
Top 3 Do’s and Don’ts for Building Wealth
Jason 0 Comments Retire Wealthy
[Music] welcome in coming up on today's program top three do's and don'ts for Building Wealth I hear folks say I'm good at the don'ts of Building Wealth or the dues don't they require money don't they wealth how to get it how to keep it and how to avoid the trip wires that could blow it when it comes to wealth what are you experiencing with the do's and don'ts we've had many viewers ask about that let us know what you think in the comments section you're watching what's next with money a program that holds a promise of second chances for growth and financial empowerment with wealth three critical principles and advice saving for wealth how to keep wealth what not to do when you're on your way to wealth but also when you are wealthy we're going to reference a lot of great Insight from the psychology of money book by Morgan Hansel and have a link to it in the comments section now we're talking about that top three do's and don'ts for Building Wealth here's number one you saving your way to wealth this is how to get it Building Wealth has little to do with your income or investment returns but it's got a lot to do with your saving rate Morgan talks about that savings rate wealth is the accumulated leftovers after you spend what you take in now this is actually pretty easy to control if you latch onto this idea learning to be happy with less money creates a gap between what you have and what you want it's kind of like that Gap created if you've got a growing paycheck your savings goes further and can get bigger as that income Rises but savings without a spending goal attached gives you options and flexibility now folks I want to actually repeat this this is the core idea of wealth building savings without a spending goal attached gives you options and flexibility this is the concept of saving just to save but you get time to think and set your actions and intentions on your own terms a great writer and business advisor Dan Sullivan who wrote the Strategic coach calls this a walk away fund and we've talked about this in some of our other videos this is if you've got enough savings you've had it with your job or there's something unethical happening there you can walk away and do okay and reset your career path by Saving in this manner your financial Independence grows and folks I have personally lived this flexibility gives you the ability to wait for good opportunities in your career small business and especially your Investments the hardest Financial skill is getting the goal posts to stop moving according to Morgan it gets to the classic case of more versus enough and a quick example the real estate business my wife and I started we could have kept going to develop and acquire more properties but at some point we stopped we met our goals and we paid our debts early and completely all out of rants with no outside partners yet we're still actively investing in other forms of assets and Equity markets but I had to stop and think who or what was I trying to impress if I kept making the real estate business bigger would it be other people who don't know me or don't care you know we reached a Target that was very good and it's still growing in value and wealth we did not need to move the goal posts and we didn't generating wealth is often linked to generating Envy they seem like they're on Parallel slopes on a graph in other words it's a form of social comparison and we're talking about the top three do's and don'ts for building well here's number two getting wealthy and staying wealthy this is how to keep it bottom line strive to consistently not screw up we have to hold in our minds and our attitude some combination of frugality and paranoia now this is a very unique tension but it's very profitable with frugality we live below our means with paranoia we're questioning am I doing the right thing and am I doing that right thing well but by keeping on learning and getting professional advice we can do this so getting money is one thing keeping it is another getting money requires taking risks being optimistic putting yourself out there keeping money is kind of the opposite of taking risks it requires humility back to that frugality and it requires a little bit of fear paranoia the idea that what you have made and achieved can be taken away and that some of your financial investing success and I would add real estate success you've got to admit some of this is attributable to luck the time you're in the markets or you're buying them I could list probably five examples of luck during real estate and other types of investing bottom line here past success can't be relied upon to be repeated indefinitely external events markets family needs change and we change the ability to stick around for a long time without wiping out or being forced to give up staying in the game not capitulating is financial endurance it's a key to Building Wealth powering through recessions and downturns smartly we have many videos that help you do this on our what's next with money Channel swinging for the fences and investing for home runs or grand slams can put your portfolio at risk so strive with investing to hit singles and doubles and obviously don't put all your eggs in one basket a friend of mine years ago said if you had an investment if it doubles sell half and this is really about stocks if it triples sell it all it's pretty good advice I don't always follow that some to my regret we have another set of videos they're actually too called investing in what you know where I talk about letting your winners run compounding only works if you can give assets years and years to grow Warren Buffett we've got several of his books here hasn't always been one of the richest men in the world as of this taping this guy is age 92.
Warren Buffett didn't even become a billionaire until he was 50 years old in fact this blew my mind 99 of Warren Buffett's net worth was earned after that 50th birthday I have seen this pattern and dimension of net worth growth first hand and we've got a fantastic video called net worth equals net wealth so if you're getting value from this video be sure to hit that subscribe button and the like button and share it with folks it's free and non-commercial we're talking about the top three do's and don'ts for Building Wealth and here is number three wealth what not to do this is avoiding the tripwires Warren Buffett's what not to-do list is really interesting he's not loaded with debt no he didn't panic and sell during the 15 recessions he's lived through as an active investor he does not jump into excessive Trading he's generally very tax sensitive and he pays for good advice to help you he's kept a sterling business reputation with his ethics he's not locked into one strategy world view or trend he did not use other people's money but he does use Insurance floats and we explained that in some of our videos how Berkshire Hathaway is structured he did not quit he kept going he is still going and I take great excitement from this as an investor small business owner and media influencer I can keep going you can keep going Warren Buffett and his partner Charlie Munger have stayed wealthy they had an edge and survived to stay wealthy requires that margin of safety he talks about so much reserves and to not put all of your assets at Great risk think about this concept and it comes from Morgan's psychology of money book that having cash buckets to prevent you from selling during a bear Market or a downturn if you need to pull money for your household or in retirement you take it out of the cash bucket you don't sell stocks or mutual funds when when they're under pressure or low and you might think wait a minute I'm only earning an interest rate of one or two percent on that cash actually you have avoided a loser return you've avoided much more negativity by having not to have to sell that stock at a low price you didn't sell equities at low prices so that return on that cash is higher than one or two percent now what about compounding compounding means good returns uninterrupted over long periods of time and that's what Berkshire Hathaway does now returns won't be up every year only Bernie Madoff claimed that and you know how that turned out so be sure to hit that subscribe and like button and don't forget to share new episodes of what's next with money or posted on Thursdays I'm Bretton Eiser looking to see you next time on what's next with money [Music] thank you
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Finance Cheat Code Only The Wealth Know 🤫 #shorts
Jason 0 Comments Retire Wealthy
this is a financial cheat code that the wealthy are not sharing with you and if you want to become rich you have to re-watch this video let's say you take out a loan which you don't have to pay any taxes on it the rich would use this debt to go and buy assets that appreciate your value they then use appreciated assets value as it grows to borrow even more money from the asset which is also tax-free and have the assets cash flow okay to the impassive income subscribe for more financial breakdowns.
My #1 Rule To Create Wealth — T. Harv Eker
Jason 0 Comments Retire Wealthy
What I specifically like concerning owning your
very own company is that you have placed on your own in a setting where creating
wide range goes to least possible. Currently consider it by doing this: You know tennis, everyone'' s saw tennis, played tennis, but if'you ' re having fun tennis as well as the round is way, method over here, method over below, all right so the very first point you have to do if you'' re gon na strike the round is if you'' re method over there, you ' ve reached obtain in setting to be able to hit the round. You can'' t hit an excellent shot from means back over there there'' s no chance! It ' s the same with riches. You need to give yourself a chance as well as your ideal chance includes your own business. You understand, the research study reveals that 90% of all self-made millionaires did it in their own business Why? Let me tell you why … Because what I call Ensure you remember this. You write this down you. You publish it on your forehead. On your mirror … Riches Regulation # 1 And also here it is … I will repeat that: No Limits On Your Income Here'' s the problem … If you remain in a job, or you get paid a set wage, or even in any scenario where you earn money by the hour, that suggests you are being paid for your, what? Your time.And of training course here ' s the challenge: there'' s just 1 day in the day and also since time and also your time is restricted, your revenue comes to be, what? Minimal … And you'' ve broken one of the most vital guideline of wide range: No Limits On Your Income.
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