5 Steps To GET RICH In The New World Economy (2024)

"well that means that a new car would cost you 840 more than it does today which means it's going to cost you cost you $352,400 for a new car a home a median home is going to cost you over $9 million and college tuition for one year is going to cost you $216,000"

"the bad news is we are going to see a bigger divide between the rich and the poor we have been seeing this happen and anytime you see inflation like this it continues to create a bigger divide between the halves and the hav Nots and that's why you see see a shrinking middle class"

"the reality is this is reality and if you want to become wealthy if you want to become financially free there's one way to do that is you have to own more assets"

"then you have to go out and start investing your money into assets like stocks like real estate into other people's businesses Now there are other asset classes out there but these are the three that have built more wealth than any other asset classes over the last century"

"and the thing about our economic system is that we have seen a recession pretty much every decade for the last century Now what does that mean that means recessions are a part of our economic system they've happened in the past and they will continue to happen in the future"

"when you see it happen when you are in that moment people freak out and then a lot of judgment just goes out the window but that's where you need to be the person that stays calm because that's where the most opportunities can be found as well"

"I started investing by chance in 2011 that was when I started investing in real estate Now I didn't realize that 2011 was the best price for Real Estate that was just when I got started and 2011 happened to be around the bottom of the real estate crash and that was when I was just getting started with real estate so real estate was selling for dirt cheap"

"fast forward to the 2020 crash I was on YouTube I was making YouTube videos about how the markets were crashing and I was buying stocks on the way down"

"when you see any asset class meme stocks rise very quickly everybody gets excited the media talks about how much money people are making about how great of an investment it is how nobody's losing money about how you don't want to miss this opportunity that's some people who don't even know what this investment is start pouring their money in because they want to get rich too nobody wants to get rich slowly and then that's when you start to see things start to slow down and that's when people start to get scared they Panic they sell"