do you sometimes ask yourself why the rich are getting richer and the poor on the contrary are
getting poorer or do you sometimes wonder why poor people's financial situation remains at the same
level what's the secret can a poor person become rich as robert kiyosaki writes the brain of the
majority of people falls asleep at the thought of money and for a minority it starts to work
actively and the reason for this is the difference in thinking the poor person buys a liability which
he considers an asset in simple terms a liability is anything that takes money out of your pocket
for example a house in utility bills a wealthy person will acquire an asset something that puts
money in his pocket in today's video i'll show you 10 things poor people should invest in to get rich
1. knowledge this is probably the most important one many successful investors know that in
addition to investing in securities gold and other assets it's important to invest in yourself we
live in an age where in order to make good money you need to constantly improve your knowledge base
skills and efficiency but this requires education as well as the ability to use constantly improving
tools and technologies in the world we're living in for a person to succeed one must obtain special
knowledge related to a particular type of activity this knowledge can be obtained by reading books
video courses audio courses attending seminars and so on and as you know useful information costs
money therefore some of your funds will have to be invested in improving your professional skills
and increasing personal effectiveness if you have some free time and money then the first thing that
a person who wants to be an asset should master financial literacy this is necessary first of all
for stability in the world of finance the ability to manage money is vital financial literacy can
teach you how to look for ways to earn money and subsequently manage all income and expenses
you should pay attention to internet marketing courses because the system of making money at home
via the internet is becoming more and more convenient and popular
it's also important that the courses cover several areas of activity at once
sales advertising and analysis of the target audience 2. business why do you need a business
well the first and obvious answer is to make money you see poor people don't have a business they
have a paycheck at the end of the month and with only a paycheck you can't get rich if you've been
around on this earth for a while you would have realized by now that all people on earth have to
choose between security and freedom most people think that a 9-5 job will give them security
but what happens when you're suddenly fired from your job according to dan lok chinese canadian
business magnate and global educator you'll only get rich through a business or multiple businesses
why because it's the only way you can apply leverage you can leverage other people's time
money resources and talents to build something and make your vision a reality 3. real estate
real estate has traditionally been viewed as an investment area for the elite and wealthy but
in essence it's just building a future stream of income with a little more effort in addition
the value of your property can rise if you buy it in a location that's currently undervalued
so to give you a little more perspective below are three reasons why you should invest in real estate
one the possibility of choice three-room apartment or a duplex an apartment in the city center
or a cottage in the suburbs or maybe you like commercial real estate with the right research
you can find the location that's right for you both financially and based on personal preference
investing involves making important decisions and therefore a variety of options and a high degree
of control are important advantages two real estate will rise in value this is perhaps the
most important thing history clearly shows that property prices have continued to rise steadily
over the years if you're willing to invest in the long term you will indeed see capital gains
doubling the value of the real estate in 10 years is certainly not unprecedented especially in major
cities three real and tangible investments stocks are the more common investment vehicle but at the
end of the day they're just pieces of paper that could either go up or down in value but
a brick or panel house or apartment is unlikely to disappear overnight or quickly fall in the
price unless some rare natural disaster happens even when the economy is stagnant real estate can
still be a source of sustainable income for you which cannot be said about many other investments
four stocks and mutual funds the poor tend not to invest at all but let me tell you three reasons
why someone should start investing one it's easier nowadays so the first reason why you should start
investing right now is because it's much much simpler these days thanks to the internet and
smartphones the two inventions have changed the entire industry it's so much easier now
to invest straight from your phone or from your computer and you don't even have to do things the
old school way which was going through a broker which is expensive and takes way too much time
you can literally set up a brokerage account on your phone and you can start investing in
a whole bunch of reputable companies for about 10 bucks and that's all you need to get started two
save up for future start investing in the stock market right now because you must start saving
up for your future compound interest is one of the coolest tools out there and you can use it
to leverage your money over time because what's going to happen is if you actually put in 50 000
for about 32 years at 10 interest then that money can actually generate over a million dollars which
is incredible for just 32 years and then keep in mind that there's also a lot of tax benefits as
well for investing in the stock market because if you actually own a stock for longer than a year
that's considered long-term capital gains three no trading fees now the third reason to start
investing right now is that there's actually a lot of really great brokerages out there
that don't charge any trading fees and that's a really big deal especially if you only have
a little money to invest with and if you don't know what a brokerage is just think of it like
kind of like the store where you can buy sell or trade things and that's all brokerages are
5. crypto poor people seldom invest in crypto which is unfortunate because cryptocurrencies
will play a major role in our financial future one thing the economic crisis of 2008 showed us is
that traditional banking systems are flawed more and more people are seeing the need for viable
alternatives and that's exactly what crypto offers a secure decentralized form of banking crypto is
the biggest technological invention since the internet so if you're still not up to speed with
it you're behind but the good news is you're still in time to start playing catch-up just like in the
90s when the internet was taking off some folks resisted adaptation and were thus left behind
and the same thing is happening with blockchain so do you really want to be one of the people
left behind 6. precious metals most people don't buy precious metals like gold and silver even when
they have the means to precious metals such as gold for example is considered a safe place to
invest your money long-term gold has been used as a medium of exchange for thousands of years
and this is a testament to its value and while this doesn't give us a 100 guarantee about the
future the probability that it will remain a precious resource in the future is quite high
it's something you can even leave behind for future generations if something like a revolution
occurs in your country you can simply take your precious metals and leave whereas assets such as
real estate will have to be left behind because they're not portable nor liquid anyway owning
precious metals can be tricky if you keep them at home you'd have to at least buy a decent safe or
you can of course invest in an exchange-traded fund but you wouldn't physically own the medals
and would expose yourself to counterparty risk by letting a third party keep them all
7. etf an etf exchange traded fund is a basket of securities shares of which are sold on an exchange
they combine features and potential benefits similar to those of stocks mutual funds or bonds
like individual stocks etf shares are traded throughout the day at prices that change based
on supply and demand etfs are a good choice for beginners who don't have a lot of experience
investing in the markets a lot of people that become uber wealthy actually use etfs as a way to
preserve their wealth because that's what etfs do quite well it helps them diversify out of that one
area that they made a lot of money in and ensure that they can keep their wealth so it's a great
way to preserve wealth if you're wealthy but if you want to get uber wealthy it's not going to get
you there however if you want to be rich and have one to five million dollars etfs are probably one
of the most sensible and smart ways of getting there the reason is that they give you great
compound growth and compounding creates wealth in one of the most fantastic ways eight travels
i'm not talking about tourism you see there's a difference between a traveler and a tourist
tourism is a commercial product very similar to having a movie pass you get to experience
different things without going out of your comfort zone while traveling is more similar to exploring
immersing yourself in a destination to the point where you're as much a part of it as it is of you
but why is traveling so important first of all it helps you escape the routine we use traveling as a
tool to consciously break our behavioral patterns when we feel like too many days look the same
travel is more of an advanced form of education if you want to get smarter quicker go exploring
traveling is like condensed education skills and new forms of interconnected knowledge
merge together in a travel experience that will level you up at the end of the trip
traveling makes you more independent an important goal in life is to be self-sufficient
meaning if it comes to it your own set of tools is enough to keep you going the more you travel the
more you understand how close-minded you've been living exploring this vast world will mentally
open you up and make you understand that the beauty of life comes from expanding your horizons
9. an audience an audience is an extremely powerful tool to get rich but a lot of people
don't really understand and can't conceptualize this in today's day and age the people who are
rich are the people who have the most attention and audience i mean people who have subscribers
on youtube followers on instagram people that they can reach with any form of product service
or offer if they want to sell a product and they have an audience they can make a video
send an email to hundreds of thousands or millions of people are going to see
whatever they're trying to show them and that's incredibly powerful the new form of rich is
people who have what's called attention currency 10. equity the last thing that rich people like
to buy that the poor and middle class don't is equity rich people understand that ownership is
one of the most important things to actually accumulating wealth so it's why rich people
are so careful giving away any percentage of the equity in a business or a patent or a copyright or
an idea or something that can be licensed down the road or sold off as an asset itself so rich people
understand that being the owner of a company or partnering with someone who's starting a company
and assuming some equity percentage of that company is one of the most valuable things
so now that we've reached the end of this video i'd like to ask you something which of these
things were you already buying thanks for watching this video have a great day and see you soon