The Truth About Money: What Rich People Know That Poor Don’t

What if I told you the real difference between the rich and the poor isn’t how much money they make, but how they think about money?

In this video, I’m breaking down the 5 key strategies that completely transformed the way I manage my finances. These are the principles that set the rich apart from everyone else—and they can work for you too.

Here’s what you’ll learn:
1️⃣ The Power of Income-Producing Assets – Stop being the asset and start buying assets that work for you.
2️⃣ How to Use Debt as a Wealth-Building Tool – Learn why the rich embrace debt and make others pay it off.
3️⃣ The Tax Strategies of the Wealthy – Discover how to minimize taxes legally and maximize your income.
4️⃣ Asset Protection 101 – Protect your wealth from lawsuits and unexpected risks with proven strategies.
5️⃣ How to Manage Money Like the Rich – Avoid paycheck-to-paycheck living and keep your money working for you.

If you’ve ever wondered why the rich get richer and how you can do the same, this video is for you.

Ken has a real estate strategies podcast! Follow your favorite platform each week.

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

#kenmcelroy #realestate #realestateinvesting

[KenMcElroy]

If this video helped you share it to help others too!

[knockoutlightz]

Watching in my 40s... And only just starting investing I feel so behind!

[OllieQH]

I wish I knew most of these many years ago. A lot of people have been trapped strongly in the matrix- - Go to school, get a job, and then slave away. Many miss out on life changing information that could have great effect on their finances.

[garnold-lp]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[Diane-cb]

big returns come from investing big. investing big comes from building conviction, conviction comes from understanding, understanding comes from doing your homework and research beyond surface level.

[alphabeta]

1:30 How to buy a Ferrari
2:30 *Use good debt; OPM*
4:25 Legally minimize TAX
5:55 Have LLCs (Understand the legal process)
7:20 Brainwashed middle class
8:40 *Beat inflation using the velocity of money*

[MirkoRatar]

it's really crazy how nobody is talking about the book the hidden path to manifesting financial power

[BlueWaterSTAX]

This is the best way I've heard debt explained. Well done Kenny

[scottrsaunders]

Hands-down, the best 10 minutes & 55 seconds of financial advice! Ken drops a lot of truth bombs. Watch 3X and take notes!🔥🔥

[henry-dkz]

I had problem comprehending trading in general. I tried watching other YouTube trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow

[naumanayub]

The best 11 minutes on wealth building.

[HBGUF]

4:15 - 4:22: "Poor-people get into debt and they pay things off; Good-people get into debt and other people pay them off for them." Meaning: Poor-people are Bad-people. Nice message!

[richardhudson]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[miking]

All works fine until the economy turns and the people you let your properties to default on rent payments. Then your little 750 mil house of cards shatters.

[danielmorgan]

This should be required for Americans to watch. Fantastic explanation!

[maheshkingahiran]

no one talks about the ebook Magnetic Aura by Takeshi Mizuki because its take on attraction is too raw and real for most to handle

[TriciaDrammeh-ox]

Hit 240k today Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024

[robbiecotner]

He is effectively saying the poor work for others, while the rich position themselves to have others work for them.

[bryanschreur]

Good summary of what takes many years to learn

[tbone-ge]

I own real estate and my tenants all paid it off for me when I was 55 I am now 63 gonna buy another property to rent out it’s nice to collect rent I really don’t need a job but own the plumbing business I run but I can do whatever I want whenever I want