Difference between wealthy and middle class

Difference between wealthy and middle class


– Hi guys, my name is Resh,
I’m a full time investor, international speaker, I
travel around the world teaching people about
investing in the stock market. And today I just want to
share with you something very very simple. Today I want to share with
you the biggest difference between people who are extremely wealthy, people who are wealthy, compared to people who are in the middle class, alright. There is one common
problem that is happening all around the world,
it doesn’t matter where, whether you’re from Australia, whether you’re from Singapore,
Malaysia, Hong Kong, one common issue among all these countries is that our cost of
living, our daily expenses, is increasing incredibly, right? The cost of buying your basic items are shooting through the
roof, and the biggest group of people who are being affected are your middle class. The middle class are getting squished and the main reason why
is very very simple. The main reason why is because you know their salaries are not increasing but the cost of expenses is
shooting through the roof. And that is the main
reason why the middle class are getting squished. But if you notice something
the rich keep getting richer and richer and richer. Why is that actually happening? It is all because of this
one main reason, which is… Which is this, alright. The rich, they depend on
their assets for income. Whereas people who are
in the middle income, they depend on their salaries for income. People who are in the
middle income, for example, they go to work at nine a.m.
they come back at five p.m. for example, they get their
salaries and it stops there. When they stop working
their salaries stop as well. Whereas people who are
wealthy they spend a lot of their initial money,
alright, to actually start buying assets and these
assets appreciate over time, they invest in the
stock market for example in good companies, they invest
in real estate for example, they invest in these good solid assets which appreciate a lot more over time. They buy these assets which increase, you know cash flow generating assets, that increase 10, 15, 20% year on year on year, and
that is how they compound their wealth, whereas
people on the middle income they just depend on making money actively and it stops right there. So let me just point
you to this next chart which will illustrate
something very very powerful. Alright, is this. Most people who are in the middle income they depend on their active income, right? What exactly is active income? It’s your salaries and
commissions for example. Whereas people who are wealthy
they are thinking constantly about how they can actually create more passive income for them. Because very simply they
understand this one thing, passive income is really
how you set your life free. Alright, if you’re not
making money while you sleep, you’ll continue working
for the rest of your life. You’ve got to understand that. So what are some examples
of passive income? Very very simply they
are your rental, right? You know rental, you’re
buying properties for example to give you rental. Getting good business which
give you dividends for example. Another example is when you
actually invest in assets whether it is property,
or stocks, cryptocurrency, whatever it is, which actually helps your capital appreciate. And the final thing is when
you create products, right? Which give you royalties over time. You know I wrote a book
which gives me royalty to this very very day. So very simple this is exactly what it is. And how do you exactly make the switch? The answer is very simple
if currently right now you’re in the middle
income and you really want to go to the next level to
achieve your financial freedom or to truly become wealthy,
start thinking about how you can channel exactly like what I drew. Think of how you can channel your salary to start buying more assets which give you rental income for example. Start thinking how you
can use your commission, you know, whatever you’re
actually getting actively to create products, you know,
which pays you royalties over time. Think of ways in which
you can buy good stocks which can appreciate your
money over time as well. And that’s exactly how
you will achieve your own financial independence
and that’s how you will get out of the rat race
and move from being the middle income to
becoming truly truly wealthy. And I want to leave
you with this one quote which I got to know many many years back. And this one quote has
totally changed my life and this one quote goes
something like this. Spend your time actively to create more streams of passive income today. Alright, always remember
to spend your time actively to create more passive income today. The biggest problem is
people spend a lot of time creating more sources of
active income for themselves. That will never get you financially free, always think the wealthy, this
is exactly how they think. They spend time actively
to create more streams of passive income for themselves. I hope you found this video useful, I will be sharing, I’ll be
giving a stock investing workshop to teach you
exactly how to do this, how to pick the best cashflow
assets for your portfolio, I’ll do this very very
soon in your country, I can’t wait to see you there guys, hope you found this video useful. If you found this video
useful give it a like, give it a share, and I’ll
see you soon, take care.

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