Ep. 461: How To Know You're Rich
The 10 Minute Entrepreneur
Sean Castrina
4.8 • 308 Ratings
🗓️ 20 November 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
In this day and age we see all sort of people on instagram and social media showing off cash and fancy cars…but how do you know they're actually rich? Here are the questions I would ask to determine if someone is "rich".
Transcript
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| 0:00.0 | You are listening to the 10 Minute Entrepreneur podcast with host, Sean Castrina. |
| 0:13.0 | Today we're going to talk about how you can tell if you're really rich, you know, we |
| 0:16.4 | look on Instagram and we see all these people showing the, you know, cars that they |
| 0:20.4 | least for the day and they take a picture and that's all exciting. |
| 0:25.8 | But I'm old enough to tell you, I can tell you. |
| 0:28.6 | I can tell you within about five minutes of being around you whether you're really |
| 0:32.3 | rich. |
| 0:33.3 | If you just let me ask you just a few questions. |
| 0:35.4 | So I'm going to take you through the questions that I ask myself because I've caught myself |
| 0:39.8 | in that too wanting to, there was a period there where I wanted to look the part and then |
| 0:45.5 | I just decided, you know what, I just rather be the part, I'd rather be the real thing. |
| 0:50.0 | This is how you can tell if you, you know, we're going to go through a little report card |
| 0:54.6 | here. |
| 0:55.6 | This is what I ask myself. |
| 0:57.9 | How much cash, when I say cash, that is if I could walk into my local banks, how much |
| 1:03.9 | money could I pull out of the bank in the next 24 hours cash, just pure out, walk out, |
| 1:10.9 | go ahead and go out. |
| 1:11.9 | I don't care if it's cashier's check, but you get the general idea. |
| 1:16.0 | I, this is the problem I had with cryptocurrency. |
| 1:19.2 | My son would talk to me about cryptocurrency all the time. |
| 1:21.7 | He said, why aren't you buying any of a data? |
| 1:23.4 | It's because Warren Buffett hasn't and I can't buy groceries with it. |
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