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Why LOOKING POOR is Important|| Chiamaka Ilomuanya
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Why LOOKING POOR is Important || Chiamaka Ilomuanya
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In this video, we talked about Why Looking Poor is important when you are trying to achieve wealth. This is a topic that needs to be spoken about more.
Looking poor is not the same as being poor, especially when it comes to your finances. Looking poor is very important because it means that you are not spending your hard-earned money or your future money on material things and outward expressions of wealth to impress people.
To become rich and reach financial independence, you must save and invest more money than you spend. Terms like quiet wealth explain this concept. If you want your money to last for generations you have to break the cycle of spending everything you make.
Most luxury items are created with poor people in mind as their consumers because it is easier to buy an item with the money you have now than to save that money.
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Why LOOKING POOR is Important|| Chiamaka Ilomuanya
TIME STAMPS
00:00 Introduction
00:17 3 Reasons why it is important to look poor
00:28 It's Expensive to Look Rich
01:58 Frees YOU from Endless Dissatisfaction
05:24: Looking Rich Costs You Your Future Money
06:28 Example of a Rich Tech Millionaire Who Looks POOR
MORE VIDEOS TO WATCH
#personalfinance #moneyhabits #moneymindset
🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Chiamaka does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
-----------------------------------------------------------------------------------------------
In this video, we talked about Why Looking Poor is important when you are trying to achieve wealth. This is a topic that needs to be spoken about more.
Looking poor is not the same as being poor, especially when it comes to your finances. Looking poor is very important because it means that you are not spending your hard-earned money or your future money on material things and outward expressions of wealth to impress people.
To become rich and reach financial independence, you must save and invest more money than you spend. Terms like quiet wealth explain this concept. If you want your money to last for generations you have to break the cycle of spending everything you make.
Most luxury items are created with poor people in mind as their consumers because it is easier to buy an item with the money you have now than to save that money.
---------------------------------------------------------------------------------------
Why LOOKING POOR is Important|| Chiamaka Ilomuanya
TIME STAMPS
00:00 Introduction
00:17 3 Reasons why it is important to look poor
00:28 It's Expensive to Look Rich
01:58 Frees YOU from Endless Dissatisfaction
05:24: Looking Rich Costs You Your Future Money
06:28 Example of a Rich Tech Millionaire Who Looks POOR
MORE VIDEOS TO WATCH
#personalfinance #moneyhabits #moneymindset
🧡DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Chiamaka does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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