What Truly Separates The Rich From The Poor

In the world we live in today, the richest 1% of the population controls 48% of the total wealth and the top 80 richest individuals are worth as much as half the world’s population or roughly 3.5 billion people. When considering these figures, there is no doubting the fact that there is a separation between the rich and the poor. While many people assume these wealthy individuals gained their wealth by being born into wealth or winning the lottery, that simply isn’t true. In fact, only 11 out of the 80 richest individuals were passed down their fortunes with the other 69 having made their wealth through their own hard work and determination. And one of these 69 individuals is none other than the investor mogul himself, Warren Buffett. Like the majority of these rich individuals, Warren Buffett grew up in a middle-class family but found a way to amass the knowledge and skills that would eventually lead him to accumulating a wealth of over $70 billion.

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

[KiyosakiSays]

“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” - Robert Kiyosaki

[glow]

When you hear that his idol is Dan Lok and suddenly you're not so convinced...

[tankthepitbull]

Whenever my friends tell me to spend money I always tell them the goal is to be rich not to look rich.

[ariebrons]

my dad: PHD, biology genius
my dad's boss: didn't finish first grade

[JohnJohnson-hlfv]

Then there's Fred who gets wealthy by working his way up in a drug cartel.

[redillasqueenniefaye]

Summary:
1. The rich never stop learning.
2. They sell value, not time.
3. They pay themselves first.
4. They have a growth mindset, not a fixed mindset.
5. They harness the power of delaying gratification.
6. They build multiple streams of income.
7. They surround themselves with other rich individuals.

[friskyrabbit.website]

"Rich sell value while the poor sell time."
Very, very wise.

[KnightofAges]

00:43 oh, this starts well. FFS, Warren Buffet's father was a Congressman with a thriving business. Through investments that his dad allowed him to do in the family business since he was young, Buffet finished university with no debt and a sizeable amount of money, which allowed him to immediately start business partnerships. And while it's true he worked for it, his father's name opened tons of doors for him (not to mention the good money he had to back him up). He was never ever in his life in danger of "failing" like normal people are. For him, "failure" would just have meant going home and taking over his dad's business or enter politics - a FAR cry of what can happen to the average person if they don't succeed.

[PtolemyXVII]

This video should be re titled: the superficial differences between middle class people

[marcomereu]

Having lots of money doesn't make you rich. having time to spend on what make you happy makes you reach.

[gitanafox]

*My landlord* knocks on the door
*Me* Go away, I'm paying myself first!
*City marshals enters the chat*

[jeremyariche]

Love it when poor people try to explain to me how to be rich...

[beautifulplaces]

One day John comes home after staying late at work again to find a note from his wife: "I'm leaving you. I can't live like this anymore. In 20 years of our marriage you never have time for me."

[bobsacamano]

There are many poor people that don't even have a vehicle or smart phone or a computer. They wear used clothes and walk everywhere they go. They can go for weeks without spending a dollar.
Question: Why aren't they rich?
Answer: Low paying job.

[PR-ywjt]

This is about 75% true. I was born to a broke single mother I'm worth about four million now, I'm 52. I saw a big mansion and a couple that owned it. A young man laughed because their vehicles were a six-year-old Minivan and a 3-year old Toyota Corolla. I knew that young man would never be rich. The vacation, sharing a condo across the street from the beach versus a five-star hotel on the beach would make that part more sensible.

[jeniferjohnson]

There’s lots of poor ppl who work hard and have determination too. Connections, the society and the place you were brought up in is huge too

[rodschmidt]

How do you "surround yourself with" desired people?

"Hi, you're rich. I want to surround myself with you."

[dave]

There are many dynamics separating rich from the poor.
At work I worked late every day and got my work done ahead of schedule under budget.
Meanwhile other employees worked weekends just to keep up.
Management praised the other employees for working weekends.

My manager took on a project nobody would take. Mistakes were made by other people on the project,
My manager was demoted because of it, even though we performed well.

I know a person with a high school education that died with a million in the bank.

[TheExpert]

stop promoting modern day slavery. When you come home, you need to have time for yourself, not blindly serve your corporate masters until midnight. Whether that time is spent watching Netflix, reading books, playing with children, going out, doing sports etc, is another matter. To each his own.

[jamesalias]

Continuous learning won't help you climb the corporate ladder, politics will. But climbing the corporate ladder isn't how you get rich except for a very few.