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How Looking Poor Will Make You Rich

The path to becoming rich is looking poor and in this video I explain why. If you would like to support my channel!: https://www.buymeacoffee.com/williamsauQ Mint Mobile (save on your cell phone): https://mint-mobile.58dp.net/rn6rJQ My Favorite Personal Finance Books Your Money or Your Life: https://amzn.to/3VExSUV The Simple Path to Wealth: https://amzn.to/3RODWJp Die With Zero: https://amzn.to/4bjwQ6D Chapters 00:00 Start Here 01:33 Chapter 1: The Profitable Industry Of The Fictionalized Rich 03:25 Chapter 2: The Boring Reality Of The Everyday Millionaire 05:20 Chapter 3: Getting Money vs Keeping Money 06:59 Chapter 4: The Power Of Small Decisions 08:23 Chapter 5: The Compounding Effect Of Wealth 09:59 Chapter 6: Creating Your Own Definition Of ‘Rich’ We often have a very distorted view of what it means to be rich where it is this life of abundance; however, this lifestyle leads people to becoming broke because when you spend all your money, you end up having no money. The true path to becoming rich is "looking poor" or living below your means. In this video, we do a deep dive into how looking poor makes you rich. Chapter 1: The Profitable Industry Of The Fictionalized Rich The reason we think rich people are extremely materialistic people is because the media portrays them that way; however, this is just a strategy to make money. Showing this beautiful lifestyle of abundance gets people's attention and that attention creates influence and that influence leads to profit. It is simply an industry that is trying to make money; however, this is not what rich people actually look like. Chapter 2: The Boring Reality Of The Everyday Millionaire The reality of rich people is actually extremely boring where they live below their means, invest over a long period of time, and live modestly. These actions give them more money to build their wealth over a long period of time. And the people who do flaunt nice material possessions are the people who often become bankrupt. Ramsey Solutions Study: https://www.ramseysolutions.com/retir... Chapter 3: Getting Money vs Keeping Money In order to become rich, there are two skills that you need to master: getting money and keeping money. Getting money requires taking risks, putting yourself out there, and being optimistic; however, keeping money requires the opposite of humility and frugality. It doesn't matter how much money you make, if you do not have the skill of keeping money, you will go broke. Master these two skills to become rich. Chapter 4: The Power Of Small Decisions The everyday millionaire gets there by understanding the power of small decisions to live below their means. These small decisions add up and allow them to save money and use it to build their wealth. These small decisions, however, are not enough to become rich, but you also have to use that money to grow. Chapter 5: The Compounding Effect Of Wealth In our society, the rich keep getting richer and the poor keep getting poorer. And one huge reason for this is because poor people make their money through a paycheck, but rich people's money makes them money. If you live a more modest lifestyle, you can use this extra money to invest and grow your wealth over time. Wealth doesn't grow linear, but it grows exponentially. Chapter 6: Creating Your Own Definition Of ‘Rich’ In this video, I am not saying that in order to become rich you need to look poor, but I am saying that you shouldn't follow this materialistic image of what the media shows us because it ends up harming you. Instead you should create your own definition of what it means to be rich and I guarantee that you will naturally spend less. **Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **