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12 Things poor people don't know about money

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Practical Wisdom - Interesting Ideas

In this video, we’ll share with you twelve things poor people don’t know about money. Enjoy!

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(00:03) 1. Anybody can have money
(00:57)2. It’s harder to keep money than to make it
(02:02)3. A million dollars a year isn’t a lot of cash
(02:44)4. Ideas are worth nothing without execution
(03:45)5. Make money while you sleep or you’ll never be rich
(04:30)6. You can pay little to no money in tax if you start a business
(05:27)7. Focus on increasing income instead of cutting down costs
(06:08)8. Wealth is acquired with time
(06:57)9. Never borrow money that doesn’t go towards making more money
(08:00)10. You earn in proportion to your ability to use the tools you have at your disposal
(08:46)11. If you associate with poor people you will be poor
(09:23)12. College has nothing to do with making money

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Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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posted by probodemomv