It's MUCH EASIER To Get Rich When You AVOID THIS!

In this video, we will uncover the top 7 expenses that the wealthy never have to worry about. From luxury items to hidden costs, we will explore the financial habits that help the rich avoid these common expenses at all costs.

Chapter:
0:00 - Intro
0:44 - Debt repayment
2:22 - Costly formal education
3:57 - Designer brands
5:21 - Extensive real estate
6:41 - TV entertainment and video games
8:06 - Flashy cars and expensive flight
9:28 - Fast foods

[isabellathepinkpoodle]

1. Debt repayments
2. Costly formal education
3. Designer brands
4. Expensive real estate
5. TV entertainment and video games
6. Flashy cars and expensive flights
7. Fast food

[Dud-iniu]

Even though most billionaires are not college grads, 2/3 of millionaires are college grads. The two largest studies on wealth ever done, both had the same conclusion. The most frequent and consistent way to produce a millionaire is to go to college, get a 9-5 boring job, buy a house, invest in a low cost stock index fund, and keep at that process for 20-30 years. That is how more than 55% of millionaires became rich. The problem with this method is it is not sexy and you cannot sell multiple courses on how to do this, so "wealth advisors" don't like to talk about this.

[chandrakantkakade]

This is just a teaser. To truly understand, read the forbidden book Whispers of Manifestation on Borlest and find out what's concealed from us.

[mycatlovesme]

I dated two millionaires in my twenties. The first millionaire let’s call him Paul owned a small apartment building, lived in one of the small apartments and worked full time as a architect. He took the bus, cut coupons and was worth under $5 million.

The second millionaire let’s call him Matt was a Microsoft executive and had a condo, a $2 million house near Redmond and 3 range rovers. He spent money fast so much he eventually had to take a second job.

My parents always told me to marry for money because love doesn’t pay the bills.

I realized there is a happy medium. Be frugal but treat yourself once in a while.
I am married to a nice man who didn’t have any money or a net worth and I’m better off for it.

[RandalColling]

Yeah....most "rich people" actually DO buy what they want. Thats what they have the money for! The KEY is having your wants UNDER CONTROL.

[AnaViolinViola]

I follow all these rules (due to lower income constraints)😂. Never took student loans, no TV, no car, no designer goods, living in the cheapest possible area, no fancy vacations, all budget airlines travelling (if necessary), rarely eating out .. Still working on being a millionaire 😅

[solice]

I’m a millionaire and regularly get coupons for Subway sandwiches and Groupon vouchers for restaurants. It’s more of winning by way of great deals and super sale prices for everyday necessity items. Bargains are like getting constant wins.

[amigi]

I got Adidas shoes I wear since 2011. Not every day but they are still fine.

My winter jacket is from 2013 and looks almost new.

I like it to wear clothes very long. I got t Shirts a wear for 30 years, now as sleeping t shirt but it’s still the same and it has no damage wear that force me to replace…

Because of it i got more money to invest.

😊

[chriskappert]

No smoking
No alcohol
No luxury cars
No consumptive loans

[RobertLaster-keqk]

You're almost right. “Wealthy” people avoid these things. “Rich” ppl fall for these traps everyday. There's a difference. You used the word “wealthy” in this video. Separate rich from wealthy and you're spot on.

[kurjan]

There is rich, and there is old money. Old money buys for value... I drive a VW Tiguan every day. But I have a 1962 Ferrari. I purchased it in 1995 for just under USD$1m... proved to be my best investment. On your journey to wealth you can still buy the nice things you love, just buy for value.

[normanbrown]

I’m not a millionaire but I’m comfortable. I know where the cheapest gas is. I go to a regular barber for haircuts. My weakness is fast food. I go 1-2 a week.
I laugh when I see these teenagers wearing $200 sneakers around somewhere. I got my everyday shoes for $50.00 from Amazon.
Remember: every penny counts but enjoy life. Money is nice but killing yourself isn’t a good thing.

[MALF]

Only thing worth having/buying in life are the ones which compounds over the years.
If it compounds, it is worth having.

[KarlvincentHernandez]

AMEN 🙏❤ THANK YOU ALMIGHTY GOD UNIVERSE ANGEL'S I am grateful for everything 🥰

[mothusibabesi]

I'm happy now to learn about finances before I retire.

[PrincessPeachyTort]

I think this video is talking about “paper” rich billionaires — individuals who’s billionaire status is only “on paper” and the only way to convert their stocks to real money is to sell their shares w/ will depreciate their value. Unlike oil & gold & land bank rich Saudi royal family, British royal family, Brunei royal families and other real rich super billionaires who’s children are educated in expensive schools in Europe and have expensive real estate in Europe even if they don’t live there and drive diamond studded cars and do not need to get a loan to buy a mansion. Those paper billionaires saying they’re taking out loans to buy their mansions & sports cars because they like to “leverage” on debt blah blah …c’m on! You probably just don’t have that much CASH up front.

[fromthepeanutgallery]

As one successful investor once said: "I'd rather be lucky than smart." He's right. Most of this advice is the "smart way" but it's mentally costly, very time consuming and very depressing. Like being on a diet 24/7, it's gets old, real quick. I've met lucky people, they make a million, spend/loose it, make another spend/loose it, make another spend/loose it and the cycle continues their whole life. As soon as the one million runs out, it's replaced by two.

[Undermineded-]

Everybody ain’t trying to get rich some just want to be comfortable ain’t no comfort in DEBT

[gerhard]

Two weeks ago I visited a friend by car. He owns a clothing trade company. I told him I went to visit my mother. He wanted to come. Instead of taking his not new Mercedes, he took his mountain bike ( no mountains in my country) and went to her. I went by car because I have no bike in that country. I was there first. He arrived 8 minutes later
So instead of driving his car, he went by bike saving money and is sportivly busy. He also reuses his food leftovers. He does not have to but he does not want to throw away money. He did not drive with me to my mother because he wanted to go another way after the visit.

[YBM_Africa]

Thank you very much for this wonderful video. To whoever is running this channel, I just want to say "keep going", you're inspiring someone and changing a life.