"Rich" People Are Starting To Go Broke

"it doesn't look like we're at the bottom yet"

"every single Raptor being sold today is being sold for thousands of dollars below Carfax value"

"you're also seeing the resale value of g-wagons and some other luxury cars beginning to fall"

"we're seeing a lot of art prices come back down to earth"

"the better Reserve Bank has raised interest rates very aggressively The only other time that they have raised interest rates this rapidly was back in 1981"

"interest rates have gone up so much which has made borrowing money more expensive which has made spending money a little bit more difficult which has slowed down the economy"

"we have not hit the bottom yet because interest rates are still well there still might be rising but we still haven't fully felt the impact of the higher interest rates and spending is still very strong and people might be running out of the ability to spend especially in other student loans are restarting"

"people are cutting back on their spending people are having to pay down some of their debts people are having to make more financially smarter decisions"

"if you spend every dollar that you earn you're never going to have a chance to build wealth"

"most people have no idea of what to do with the money that they get"

"the biggest shift that most people need to make in America to build wealth is you have to understand what do you do with the money that you earn"

"wealthy people want to use their money to grow their wealth well most Americans want to use their money to drive a fast car"