Many wonder how they can make more money, how they can become rich or how they can increase
their net worth.
That's exactly what today's video is about.
7 assets that can make you rich and currently make the rich even richer.
I got these 7 assets from someone who is in private equity and works with a lot of wealthy
people.
In doing so, he also showed me the asset that is 50% responsible for why these people were
able to become so wealthy in the first place, so be sure to stay tuned so you definitely
don't miss out on this asset.
But before we get to the main topic of the video, first of all welcome back and if you
are new on our channel...
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Before we get to the 7 assets, let's briefly clarify 2 questions so that no misunderstandings
arise and because I have noticed that many already make a mistake here:
1.
What is an asset anyway?
2.
When is a person really rich?
So what is an asset?
An asset is something you own and earns money for you even when you are asleep.
So an asset is an item that makes money for you and is decoupled from your time, so it
generates a so-called passive income.
And when is a person rich?
I don't think there is a really precise definition for that and everyone defines rich differently.
For one person someone is rich who has $200,000 in his account, for another person someone
is rich who has $2,000,000 in his account and for another person someone is rich who
earns maybe only $3000 a month but has to work only 15 hours a week.
But they all have one thing in common: real wealth is defined by what assets you own or
that you own assets that make you money regardless of your time and become worth more money over
time.
So what are the 7 Assets that can make you rich and what asset is ranked number one among
the reasons that the rich could get rich in the first place?
Before I reveal the secret, I'd be interested to know what asset you think is ranked #1
among the rich.
Drop me your guess in the comments!
Your own Business In 1st place with 50% of the most popular
assets among the rich is their own business!
Why?
Because it has the greatest potential to make you money while you sleep.
Of course, your business needs to be successful and is by far the most challenging asset to
build.
If you look at the richest people, what do they all have in common?
They all have their own business.
Jeff Bezos, Elon Musk, Mark Zuckerberg are of course the absolute top.
However, you probably also know wealthy people in your environment and you will also recognize
that most of them have their own company.
The big question now is, what kind of company should you build?
Subscribe to our channel, because next week we're going to make a video about the 5 highest
paying side hustles you can run while working.
However, if you can't or don't want to build your own business, then the 2nd place of assets
from the rich is interesting for you.
Owning Business through Stocks On the second place of the most popular assets
of the rich is to own companies in the form of shares.
20% of the rich use this form to build or increase their wealth.
Because here also owned shares in a business can generate money 24/7.
By buying shares you become part owner of this company and benefit from the increase
in value and in some cases also share in the profits in the form of dividends.
Someone who has managed to become really wealthy without starting his own business is Warren
Buffett.
He built most of his wealth by investing in stocks.
However, he also offered this service to others, from which berkshire hathaway emerged today.
To start investing in shares, you should first acquire the necessary knowledge, because especially
in the current times you will hardly achieve success with a buy and hold strategy.
To start with the right knowledge, I recommend you to try the free trial version of Blinkist,
there you will find a lot of books about investing in a compact form.
Just click on the link in the video description or in the pinned comment.
In 3rd place among the most popular assets is buying commodities.
Gold, silver and oil are essential commodities in our world and are also very good for risk
minimization.
If our money becomes less valuable or collapses completely, you have something that still
has value.
You can acquire commodities in 3 ways.
1.
you can buy commodities through ETFs 2.
you can buy commodities through the futures market
3.
you can buy commodities in physical form.
Which way you choose is up to you and also depends on the purpose for which you buy the
commodities.
If you are buying them to minimize the risk of our currencies collapsing, I would buy
them in physical form.
If you just want to profit from the appreciation, you can buy a suitable ETF or buy futures.
Real Estate At just under 10%, real estate is the fourth
most popular asset among the wealthy.
Real estate will always have value and will be worth more and more in the future, as housing
demand increases and capacity decreases.
Real Estate offers the possibility to make money with debt and use this as leverage for
your own wealth.
Imagine you go to work and earn $3000 a month.
Then there is the possibility that you can take a loan from the bank to buy, for example,
a house with 6 units for $300,000.
Each of these units will earn you $600, which is $3600 per month.
If you now have a loan where you pay off $2000 a month, you have a surplus of $1600 and so
others pay off your property.
Fine Art At 5%, art is the 5th asset that the rich
use.
Art serves very well as an investment.
I know someone who bought $5000 worth of art that is now worth $25,000-$30,000.
That's a return on investment of 5-6X.
Art is something that will always have a certain value and there will always be someone to
buy it because we humans love to own rare pieces, something that no one has.
The only downside to this asset is that you need to understand which pieces are worth
more or will be worth more in the future, so you need to understand the art market.
Vintage Cars Old cars almost fall into the same category
as art.
Because here, too, it is necessary to understand which cars are in high demand and which will
be worth a lot in the future.
However, as with art, find the right pieces and you will always find someone who wants
to buy them at a higher price, which means you can never lose here.
Speculative The last asset is rather assets and falls
under "Speculative".
The rich use it for fun or even to hit a home run now and then, where they double or triple
their capital.
Speculative assets include Bitcoin or Ehterum or cryptocurrencies in general.
Yes, some claim otherwise, but anyone who has really understood investing knows that
cryptocurrencies are pure speculation, which does not necessarily have to be bad.
But the rich use these assets only to 5%, precisely for this reason.
You can quickly double your capital but lose just as quickly, which is why it makes sense
to rather deal with the other assets.
BUT!
I almost forgot one asset.
And in my opinion even the most important... and that is yourself!
Warren Buffet already said: "The best investment you can make is in yourself".
You are the source, without the right knowledge, you will not build any of these assets properly,
which is why first and foremost you should invest in yourself.
I, for example, have now invested well over $30,000 in myself, mostly in coaching and
mentoring, to build my business, which allows for more of a good income and more importantly,
a lot of freedom.
And if you want to save a ton of money, watch the video on the right, there you will learn
5 things millionaires don’t buy!
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