the biggest ironies of money and having
wealth or being rich is that you don't
have to look rich in order to be rich
which is hard for many people to
understand because we have this common
belief that being rich is a very visible
thing of expensive nice possessions but
true wealth is invisible it's about
living an average modest life the
everyday rich person becomes Rich
because they see the importance of
looking poor and when I say looking poor
I'm not talking about wearing raggedy
clothes and driving a car with a bunch
of emissions coming out but I'm just
talking about living modestly with no
visible indicators of their money think
blue jeans and a t-shirt driving an old
Honda in order to build wealth and
become more financially secure it's
important to see the importance of
looking poor and changing your view on
what it means to be rich and so in this
video I want to talk about seven reasons
on why looking poor is important and the
first reason is looking rich is the
quickest way to going
broke now thinking that being rich is
about making it visibly known as
actually the quickest path to going
broke I mean we see this all the time
with professional athletes who all of
the sudden start making millions of
dollars let's say this athlete makes
$20,000 a month then gets a giant house
a collection of cars in tons of stuff
increasing their expenses to $20,000 a
month and although they look and feel
rich in the moment when the money stops
coming in which is something that
happens pretty quickly with athletes
they have these high expenses but no
income no savings and immediately go
broke it doesn't matter how much money
you make if you spend all your money
then you won't have any money if you're
making $20,000 a month and spend $20,000
a month you are still one surprise
expense away from going broke looking
rich is not sustainable in the long term
and so looking poor is important because
it is sustainable in the long term when
you live modestly and instead build up
your wealth you're always prepared for
Life
surprises when you look poor you'll
never go broke now the second reason is
looking Rich burdens you with
liabilities the problem with looking
rich is that you mainly end up buying
something called liabilities which are
things you owe and when you decide to
look rich these liabilities really
burden you and prevent you from growing
wealth for example if you want to look
rich and get nice clothes with a credit
card a fancy car with an auto loan in a
big house with a high mortgage you have
all these liabilities to worry about and
so whenever you make money a huge amount
goes to paying off these liab
abilities or if some surprise expense
comes up like you lose your job you
might not be able to cover these
liabilities and declare
bankruptcy having too many liabilities
makes it hard to get ahead in life and
so looking poor is important because you
avoid having too many liabilities and
you end up having more money to buy
something called assets which are things
that provide you future benefit when you
decide to look poor and limit your
liabilities you have have more money to
build your assets like your emergency
fund buying stocks or other
Investments which helps you grow your
wealth and so looking rich is a
lifestyle burdened with liabilities but
looking poor is a lifestyle enriched
with
Assets Now the third reason is that
looking Rich makes you live in survival
mode as I just said looking Rich makes
you buy liabilities making it harder to
grow your wealth whereas looking poor
allows you to buy assets making it
easier to grow your wealth and when
you're trying to look rich and you're
spending all your money on liabilities
you end up living in the survival mode
of making money getting nice things
paying for these nice things running out
of money and making money again
regardless of how much money you make if
you're living this lifestyle where
you're trying to look rich and spending
all this money on liabilities you're
going to end up in this vicious circle
of survival mode always in the need to
make money to pay off your liabilities
and so looking poor is important because
it allows you to buy more assets to grow
your wealth and so instead of being
trapped in this survival mode you make
money have less expenses to pay for and
invest the difference in Assets in
overtime your assets will grow to the
point where you don't have to worry
about running out of money before the
next paycheck comes in because you're
assets are making you money the problem
with looking rich is that it forces you
to see money as this thing that allows
you to survive to pay off your things
but looking poor allows you to use money
as a tool to grow your money and Thrive
now the fourth reason is that looking
Rich makes people view you
differently another huge con of looking
rich is that when you portray to the
world that you have money people start
to view and treat you differently for
example your friends and family might
feel entitled for you to help them you
could surround yourself with phony
people and people could try to take
advantage of you looking poor is
important because it's really best that
people don't know how much money you
have when you look like an average
person you're viewed as equal people are
more authentic around you and no one's
trying to get something out of you the
truth about the world we live in is that
it is a doggy dog world out there and if
people think you have money because
you're portraying to the world that you
have money you open up the possibility
of many people trying to take advantage
of you now the fifth reason is getting
rich is just a collection of many small
decisions if you watch my channel you
know this is my full-time job I am a
full-time YouTuber and I have been doing
this for about 2 years and in these 2
years I have grown this channel to
880,000 subscribers and over 7 million
views let me tell you something ladies
and gentlemen it ain't easy but when I
look back at this experience of growing
this Channel and just trying to make it
on my own in life I can't point to one
thing that has led to the success but
when I think about it it's really tons
of small decisions that I made every
single day being consistent over a long
period of time continuing to push when
things are down studying what the
audience audience wants studying
failures and successes and learning new
skills the success of this channel comes
from many small decisions over a long
period of time and that concept is
really the equation to achieve success
in anything in life especially when it
comes to Building Wealth making many
small decisions that ultimately add up
to something much bigger over time and
looking poor is important because it's
all about making small decisions every
single day that add up to something much
bigger for example a smaller house could
save you money a cheaper car could save
you money and focusing on living
modestly in general can help you save
money and when you have that extra money
as I said before you can use it to buy
assets to build your wealth over time
looking poor allows you to make small
decisions each and every day to save
money and build your wealth now the
sixth reason is true wealth doesn't need
to prove itself many people who try to
look rich and convince other people that
they have money are usually just
drowning in debt because their entire
lives are just funded by debt car loans
High mortgages and maxed out credit
cards when people look rich they're just
trying to prove to other people that
they have money but why because true
wealth doesn't need to prove itself when
you have real wealth in life you don't
feel the need to prove it to other
people because you have freedom security
and options in your life and those are
empowering things that are so personal I
mean when you have options why does it
matter if other people know and so
looking poor is important because the
less you care about what other people
think the more empowering money is the
less you care what other people think
the more you can use money as a tool to
live the life that you want now the
final reason that looking poor is
important is financial peace is just
better
I think to some extent everybody wants
to have nice things I mean whenever you
drive past an absurdly large house I
think that everyone says to themselves I
wonder what it's like to live there I
think that people try to look rich and
get a bunch of nice things because it's
something deep in our human nature we're
attracted to shiny things big things and
abundance they're cool things but you
know what's much cooler Financial Peace
there's nothing better than not having
to worry about money there's nothing
better than having wealth that gives you
Freedom options and flexibility in your
life because having that type of wealth
allows you to sleep easy every night
knowing that whatever surprise tomorrow
brings you at least don't have to worry
about money and so looking poor is
important because although fancy
possessions are cool to have having
Financial Peace is much cooler having
having Financial Peace is just much
better and if anybody were to disagree
with me on that I would just say that
you have lost touch of what is truly
important in this world and so wear a
faded t-shirt drive a car with DSE in it
and invest more of your money because
the freedom that you get in exchange is
worth far more than the freedom that's
taken away from all these liabilities
all these material possessions that you
get from looking rich and those are the
seven reasons why looking poor is so important.
Aucun commentaire:
Enregistrer un commentaire