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How Do Wealthy People Make Money? | Raj Shamani #Shorts
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Raj Shamani is a business content creator, an entrepreneur, an investor, and a renowned keynote speaker. He is a businessman at heart.
Raj helps businesses and startups become recognized brands and influential leaders through various marketing and business tactics. He is the driving force behind several top brands’ 360-degree brand-building approach.
Besides, Raj is also an active angel investor and is particularly interested in crazy minds who are creating a sensation in the Fintech, FMCG, and passion economy space.
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In this video, I explain the easiest and the most practical way to achieve financial freedom and to become rich. I got this formula from the book Rich Dad Poor dad by Robert T Kiyosaki. he explains the financial statement and cash flows in the lives of a poor person, a middle class person and a rich person. We can learn to minimise our expenses, avoid buying liabilities and invest in assets like stocks, real estate, bonds, securities etc This is exactly why stock market investments are very important. This can also be considered as the summary of Rich Dad Poor Dad in Malayalam and the lessons that we can learn from the book.
#financialfreedom #richdadpoordad #malayalam
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Doston aaj ka video bohot important hai. Ye aisi baatein hain jo shayad hi koi free me batayega. Is video me jo 15 steps formula bataya gaya hai ye exact wahi formula hai jo har millionaire and billionaire istemaal karta hai paisa kamane ke liye.
Koi bhi step skip mat karna. Is video ko dekhne ke baad aaj se aap ki soch completely badal jayegi.
Agar aapne already paisa banaya hai to comment me confirm kar do ki aapne yahi tareke se paisa banaya hai.
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7 RULES of MONEY: If You Want to Be RICH FAST | Hindi
In order to win the Game of Money, You should know these 7 Rules of Money. If you get Rich Faster than others.
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In this video, I outline the 6-step guide to how you can get ahead of most people in 2023. If you read this, leave a comment saying 'I spotted the message'.
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In this video, Caleb Guilliams from Better Wealth exposes how the wealthy elite create generational wealth and how they pass down their wealth to ensure the family wealth keeps growing generation after generation unfeathered by taxes, the government, etc. This is done through a series of complicated family trusts, life insurance policies (what Caleb calls The And Asset), private family foundations, family offices, etc.
Caleb Guilliams from Better Wealth has dedicated his life to learning how the ultra wealthy do things, and bringing down that knowledge down to everyday people like us.
Life insurance:
For the ultra wealthy, life insurance is this insanely powerful tool that they keep under wraps
"Your money safe, it will grow the rest of your life. It will grow tax deferred, you can use your money tax free, it will get passed on tax free. It has a lot of other benefits. And so what the wealthy use it is, they don't use it as a, an investment, they use it as like a safe asset. I call it The And Asset because they're able to get their dollars more than one job. And so they're able to do that while it's protected, while, while it's off the radar screen of, of the IRS because it's not considered income. And that's, that's how a lot of wealthy people use it. And then step number three is usually what they, to, to take the money or to utilize the money."
"You're not withdrawing your money. What a, what a lot of people do cuz that would be in a lot of cases taxable upon gain. They're borrowing against it or using a third party bank to borrow against their assets. And as a result, if you borrow against it, it's not considered income. So a lot of wealthy people like Elon Musk and all these people, they're, they're borrowing against the equity in their businesses insurance. And when you max fund insurance, that's why a bunch of banks do this. Over 3000 banks today have what's called bank own life insurance."
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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, hello@jaketran.io, and we can sort it out.
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DISCLAIMER:
This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.
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Let's discuss why Americans need $2.2 million to feel wealthy, the 2023 bull market for stocks, and how you could accumulate that amount over a lifetime of investing - Enjoy! Add me on Instagram: GPStephan
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HOW TO FEEL 'RICH' IN 2023:
According to a recent survey, you now need $2.2 million dollars to be considered wealthy.
https://www.aboutschwab.com/sc....hwab-modern-wealth-s
In terms of annual income, BankRate found that $483,0000 is the average income it takes to 'feel' wealthy, and $233,000 per year is what it takes to "feel secure or comfortable with finances.”
https://www.bankrate.com/perso....nal-finance/financia
However, the more money you have, the more it takes to feel financially secure. For instance, if you earn up to $80,000 - you’ll need to make $208,000 per year. If you make $100,000 - you’ll need to make $341,000 per year, etc.
In terms of how much YOU need, first consider the COST OF LIVING. For example, it’s no surprise that living in a state like New York is SIGNIFICANTLY more expensive than living in Mississippi.
This is also backed up by another study by Charles Schwab which found that, in Denver, Colorado, $2.3 million was the amount needed to feel wealthy - but, if you move to San Fransisco, that amount skyrockets to $5.5 million.
https://www.cnbc.com/2022/07/0....3/what-it-takes-to-b
Second: Consider HOW LONG YOUR MONEY WILL LAST.
$2.2 million invested should be able to safely generate an income between $55,000 and $90,000 per year, depending on where it’s invested, with what’s known as “The 4% Rule." However, feeling “rich” earning between $55,000 to $90,000 annually doesn’t quite cut it.
A report from YouGov found that people felt that someone earning $90,000 a year was “neither rich, nor poor.” And earning $100,000 or more per year became the crossing point where 56% of people surveyed felt like that would make them “Rich.”
https://www.cnbc.com/2019/01/2....3/how-much-money-ame
The Wall Street Journal even goes so far as to say that “rich is always going to be double what you already make.” This definition directly addresses the subjectivity of wealth, which: is a concept to be pursued, not possessed - and overall, it’s found that every individual’s benchmark for wealth increases in proportion to their current net worth..
https://www.supermoney.com/muc....h-money-take-conside
In terms of potentially achieving $2.2 million, here's how: At the core, it's just a simple numbers game: How much money can you save - how much can you earn from your investments - and, how long are you willing to wait?
For example, if you invest $1000 per month, generate an 8% average return, and do that consistently for 34 years - congratulations, you now have $2.2 million dollars. By investing $2000 per month, assuming the same parameters, that $2.2 million dollars would take you 26 years to reach - and, at $3000 per month, you’d get there in 21 years.
"Just invest $2000 per month!” is a LOT easier said than done, but consider that the average American is spending $18,000 per year on non-essential purchases, only 32% of Americans are saving money in a 401k, which would often result in a tax-savings of 22-24%, almost one-third of the food you buy goes to waste, and categories like dining out, alcohol, and credit card interest are the highest ticket items that could most easily be cut back.
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How To Get RICH On Adopt Me In ONE DAY! (ROBLOX)
In this video I showed you guys how to get rich in adopt me in one day. This works and all the tips I showed in this video is really helpful to grow someone’s inventory especially if it is quite poor! Make sure to try out these tips and tricks and comment down below if it works for you! 💗
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How to Grow Your Wealth and Live Off Your Investments!
Do you want to learn how to turn your money into more money? Do you want to achieve financial freedom and live off your passive income? If you answered is yes, then you are in the right place. In this video, I will show you How to Grow Your Wealth wisely and Live Off Your Investments.
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There are a million ways to make a million dollars.
Today, we’re looking at how Mark Cuban’s done it.
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Paypal: http://paypal.me/stargatebook Ninety-five percent of all human problems originate from a negative mind. This figure includes characteristics such as shyness, family strife, business failure, bad memory, tension, unhappiness, worry, etc. Can you do something about it? while you sleep! You are a mind with a body, not a body with a mind! If you understand this you will have more self-mastery. This is the new approach to the conscious mind through the other level that never sleeps, the Creative Mind.
WHAT YOU WILL DISCOVER IS PRICELESS!
This book shows how to use your deepest thinking, while you sleep, to get what you want out of life! Money, personal influence, love, respect and admiration. With your will, can you guide your Creative Mind to help you solve problems? Make the right decisions? Create ways and means to be highly successful? Throughout the night! WITH THIS TECHNIQUE YOU CAN SLEEP AND WHEN YOU WAKE UP YOU WILL HAVE ANSWERS SO ACCURATE YOU WILL BE AMAZED!
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Can you attract wealth with your DNA? The answer will surprise you.
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Bill Ackman, a famous billionaire and rich investor, recently gave an interview talking about current inflation and the economic situation in the US. He revealed some gems in his perspective on interest rates, how the US economy will develop in the next few years, and his strategy on how to make huge profits out of this situation.
He has also mentioned in the interview, in a clip we have reported in the video, that inflation can actually be your friend. So, if you want to understand how to get rich and make a lot of money during inflation, you can't miss a billionaire like Ackman's views on our economic future. Enjoy!
The Science of Getting Rich Full Audiobook is great a book for anyone who wants learn how to overcome mental barriers and the hidden key to wealth attraction.
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Are you ready to grow and reach your financial goals in 2023? In this motivational video, Robert Kiyosaki reveals 4 lessons you need to know if you want to get rich in 2023!
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