In this video, Dan Lok gives us seven things that the rich buy which the poor don’t. Dan Lok tells us that the rich buy assets whereas the poor buy liabilities believing them to be assets. Assets are important because they allow cash flow. Business is an excellent asset to invest in. Rich people either have multiple businesses or they invest in multiple businesses which allows them to make more money. The poor however just receive a pay check and trade their time for money. Real Estate is another brilliant example of how the rich invest their money. The rich buy properties, develop them and then make a huge profit from them. Paper Assets such as stocks are also a great asset to invest in. Intellectual property is scaleable and it also has a low maintenance fee which is why the rich invest in it. Precious metals such as gold and silver will always have huge value and as a result they can be used as currency. Audience is a new asset that allows us to scale and expand very quickly and can be converted in to huge profits.
SUBSCRIBE TO OUR CHANNEL FOR DAILY SUCCESS VIDEOS
SUCCESS is a brand that was designed with the purpose to help you realise your hidden human potential by inspiring and motivating you to start taking action today on your goals, dreams and desires. We also aim to educate you about the power God has bestowed upon mankind and why mankind is truly his highest form of creation.
Our daily videos on each of our channels are published with the objective to show you what truly is possible once we alter our paradigm, shift our mentality and begin to surround ourselves with greatness as we expose you to the different thought leaders, success teachers and mentors who have achieved considerably more than we have.
By SUBSCRIBING to this channel you will be taking the first step towards fulfilment, joy and happiness as our daily videos will enable you to achieve your dreams and become everything you have ever wanted to be.
SUBSCRIBE BY CLICKING THE LINK BELOW
3 Success Books you could read to change your life
Think & Grow Rich
How To Win Friends & Influence People
The Science Of Getting Rich
#SUCCESS #DanLok #Rich