ACCOUNTANT EXPLAINS: 7 Ways You're PROGRAMMED to be Poor

"formal education does not include any depth of financial literacy training no trace of budgeting of taxes of Investments of the mechanics of starting and running a business and none of that so the majority of us don't know how to go into the financial world as anything other than paycheck to paycheck workers"

"wealth creation is less about exchanging time for money and more about leveraging assets investing wisely and creating systems that generate income for them even when they're not working"

"during your lifetime you're likely going to see three to five major economic downturns and these periods may seem scary and you probably think of it as a time to cut back and really save but these periods also often present the most significant opportunities to build wealth"

"whilst there are so many people worrying and holding tightly onto their savings during this time the rich are quickly deploying their money into Investments they're buying stocks they're picking up real estate they're essentially betting on a brighter future"

"be consistent doing so can be the difference between achieving Financial Security in the next five years or continuously playing catch-up"

"for many of us that is seen as a burden but for the rich the same concept of debt is referred to as leverage and this distinction is not just semantic it represents two entirely different ways of thinking about and using borrowed money"

"the key difference is how the money is used is it being used to create more money or is that debt being used to drain your money"

"a mortgage is amongst some of the cheapest debt you can get and so these multi-millionaires use borrowed money to buy their homes which means they can use their money on other things and on other assets that have higher returns essentially turning debt into an asset"

"buying expensive things or luxury items isn't bad the problem is when these purchases are driven by the desire to appear wealthy rather than reflecting actual Financial Health"

"there are so many ways to legally reduce your tax bill that people just don't know about or want to educate themselves on"

"in the world of the rich knowing the intricacies of tax laws and capitalizing on legal loopholes is common practice"

"if you can produce value at a large scale it means earning money at a large scale so you want to avoid thinking that there's only one route to increase your income"