5 Ways to Manage Your MONEY Like the RICH
To get a free copy of Ken's eBook "21 Keys to Real Estate Success" just visit this link: https://7rxyf2er.pages.infusionsoft.net
In this video Ken outlines five key take-aways as to how financially successful people manage their money differently. Specifically he covers:
Q1: What is biggest difference between people who are successful with money and those who are not?
KEY TAKE-AWAY #1:
* The biggest difference is mindset
* Financially successful people direct any excess money towards investments or appreciating assets
Q2: What is the difference in how financially successfully people view assets and liabilities?
KEY TAKE-AWAY #2:
* Focus on building income producing assets
* Debt is a powerful tool and can be viewed positively if used to help build income producing assets more efficiently
* Try to avoid using debt to acquire unnecessary depreciating assets such as expensive cars or clothing
Q3: What are some tax & legal strategies utilized by financial successful people?
KEY TAKE-AWAY #3:
* Use an LLC for asset protection to limit exposure to liability
* LLCs help separate business activity from personal which can have tax benefits - please consult your tax advisor
* The tax code is established to motivate specific economic activity so think of ways to utilize these incentives
* Please check out Tom Wheelwright's tax series, here is the link to the first video: https://youtu.be/6EU1tAq2a0A
Q4: How do financially successful people manage their money differently?
KEY TAKE-AWAY #4:
* Be active in the way money is managed and think about the investments being made
* Use personal networks to source knowledge and expertise for better opportunities and consider investing collectively with others
Q5: How do financially successful people view money, currency, and the dollar?
KEY TAKE-AWAY #5:
* Currencies throughout the world are subject to free floating exchanges between countries which are complicated to understand and are exposed to punishing circumstances
* Direct portions of earnings into investments independent of the impacts of inflation, such as bank savings, and into investments with actual economic utility such as real estate
If you like this video you can see many more just like it at this link: https://kenmcelroy.com
Sign up for a free membership today!
----------------------------------------------
Ken's Social Media
Instagram: https://goo.gl/i7BjZd
Facebook: https://goo.gl/TpbH2S
Twitter: https://goo.gl/sDsgUA
LinkedIn: https://goo.gl/Zs1398
----------------------------------------------
Ken's Books:
ABC's of Real Estate Investing: https://goo.gl/ze5RzL
The Advanced Guide to Real Estate Investing: https://goo.gl/5sQ1SS
ABC's of Property Management: https://goo.gl/hjUUah
The Sleeping Giant: https://goo.gl/iZZalj
----------------------------------------------
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Ken is a Rich Dad Advisor.
Learn more about Ken at: https://www.KenMcElroy.com
Ken's company: https://www.MCCompanies.com
----------------------------------------------
https://www.KenMcElroy.com is a resource for Entrepreneurs and Real Estate Investors.
____________________________
For more resources on this topic check out the links below.
How to manage your money like the super-wealthy - CNBC.com
https://www.cnbc.com/2018/.../how-to-manage-your-money-like-the-super-wealthy.ht...
Aug 20, 2018 - Even if you aren't raking in millions, you can grow your wealth just by mimicking the financial habits and strategies of the ultra-rich. Here's how.
7 ways to manage your money like a millionaire - INSIDER
https://www.thisisinsider.com/how-to-manage-your-money-like-a-millionaire-2018-7
Jul 16, 2018 - It's true: Wealthy people manage their money differently from the rest of ... Here are some ways you can manage your money like a millionaire ...
How Millionaires Manage Their Money Differently? - Lifehack
https://www.lifehack.org/.../money/how-millionaires-manage-their-money-differently....
If you want to be wealthy, you have to manage your money like millionaires do. There are 10 ways the wealthy manage their money differently than everyone ...
15 Ways Millionaires Manage Their Money That Make Them Richer
https://www.entrepreneur.com/slideshow/306731
Mar 22, 2016 - Millionaires, or at least the ones who keep their money, know the difference between wants and needs.
Видео 5 Ways to Manage Your MONEY Like the RICH канала Ken McElroy
In this video Ken outlines five key take-aways as to how financially successful people manage their money differently. Specifically he covers:
Q1: What is biggest difference between people who are successful with money and those who are not?
KEY TAKE-AWAY #1:
* The biggest difference is mindset
* Financially successful people direct any excess money towards investments or appreciating assets
Q2: What is the difference in how financially successfully people view assets and liabilities?
KEY TAKE-AWAY #2:
* Focus on building income producing assets
* Debt is a powerful tool and can be viewed positively if used to help build income producing assets more efficiently
* Try to avoid using debt to acquire unnecessary depreciating assets such as expensive cars or clothing
Q3: What are some tax & legal strategies utilized by financial successful people?
KEY TAKE-AWAY #3:
* Use an LLC for asset protection to limit exposure to liability
* LLCs help separate business activity from personal which can have tax benefits - please consult your tax advisor
* The tax code is established to motivate specific economic activity so think of ways to utilize these incentives
* Please check out Tom Wheelwright's tax series, here is the link to the first video: https://youtu.be/6EU1tAq2a0A
Q4: How do financially successful people manage their money differently?
KEY TAKE-AWAY #4:
* Be active in the way money is managed and think about the investments being made
* Use personal networks to source knowledge and expertise for better opportunities and consider investing collectively with others
Q5: How do financially successful people view money, currency, and the dollar?
KEY TAKE-AWAY #5:
* Currencies throughout the world are subject to free floating exchanges between countries which are complicated to understand and are exposed to punishing circumstances
* Direct portions of earnings into investments independent of the impacts of inflation, such as bank savings, and into investments with actual economic utility such as real estate
If you like this video you can see many more just like it at this link: https://kenmcelroy.com
Sign up for a free membership today!
----------------------------------------------
Ken's Social Media
Instagram: https://goo.gl/i7BjZd
Facebook: https://goo.gl/TpbH2S
Twitter: https://goo.gl/sDsgUA
LinkedIn: https://goo.gl/Zs1398
----------------------------------------------
Ken's Books:
ABC's of Real Estate Investing: https://goo.gl/ze5RzL
The Advanced Guide to Real Estate Investing: https://goo.gl/5sQ1SS
ABC's of Property Management: https://goo.gl/hjUUah
The Sleeping Giant: https://goo.gl/iZZalj
----------------------------------------------
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Ken is a Rich Dad Advisor.
Learn more about Ken at: https://www.KenMcElroy.com
Ken's company: https://www.MCCompanies.com
----------------------------------------------
https://www.KenMcElroy.com is a resource for Entrepreneurs and Real Estate Investors.
____________________________
For more resources on this topic check out the links below.
How to manage your money like the super-wealthy - CNBC.com
https://www.cnbc.com/2018/.../how-to-manage-your-money-like-the-super-wealthy.ht...
Aug 20, 2018 - Even if you aren't raking in millions, you can grow your wealth just by mimicking the financial habits and strategies of the ultra-rich. Here's how.
7 ways to manage your money like a millionaire - INSIDER
https://www.thisisinsider.com/how-to-manage-your-money-like-a-millionaire-2018-7
Jul 16, 2018 - It's true: Wealthy people manage their money differently from the rest of ... Here are some ways you can manage your money like a millionaire ...
How Millionaires Manage Their Money Differently? - Lifehack
https://www.lifehack.org/.../money/how-millionaires-manage-their-money-differently....
If you want to be wealthy, you have to manage your money like millionaires do. There are 10 ways the wealthy manage their money differently than everyone ...
15 Ways Millionaires Manage Their Money That Make Them Richer
https://www.entrepreneur.com/slideshow/306731
Mar 22, 2016 - Millionaires, or at least the ones who keep their money, know the difference between wants and needs.
Видео 5 Ways to Manage Your MONEY Like the RICH канала Ken McElroy
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Where do the rich store their wealth...The 3 Ways to Make Money from Real Estate5 Housing Market Predictions for 2022Strong Habits to Create a Wealth-Driven Mindset (with Keith Weinhold)Key LESSONS from a LIFETIME of INVESTINGManaging Your Rental Property for PROFITHow to Understand Infinite Return through an Example DealDON'T Save Your Money. (with Marko of Whiteboard Finance)Where Do Billionaires Keep Their Money?Use these tax tips to improve your cash flow10 Ways to Manage Your Money Like The RICHErode Your Debt Using Inflation | Real Estate Investing | KenMcElroy.comTax Benefits of using an LLC in Real Estate Investing | Eric Freeman, Beach FleischmanHow to Find Cash Flow Positive Properties in MinutesThe Impact of Inflation on Real EstateHow to Buy Your First Rental Property (with BiggerPockets' Brandon Turner)How To Manage Your Money Like The 1%4 lessons from Jim Rohn | A Podcast with Kyle WilsonMaximize Your CASH FLOW by Minimizing THESE Nine Expenses