4.8 • 7.8K Ratings
🗓️ 3 February 2023
⏱️ 10 minutes
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In this Study Hall Rashad talks about making smart purchases once you become rich, and in some instances, it cost you more to secure your items than what they cost.
#earnyourleisure #realestate #stocks
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0:00.0 | Here's the discouraging thing. |
0:02.1 | The odds of becoming a millionaire in America |
0:05.7 | is one out of one every 32 people will become a millionaire. |
0:10.1 | That's a 3%. |
0:14.2 | That's not encouraging. |
0:17.8 | But what is encouraging is that, so especially if you black, |
0:22.8 | let's just be honest, right? |
0:23.6 | It's almost impossible to become a millionaire. |
0:25.9 | But once you become a millionaire, |
0:28.8 | the odds of you hitting 10 million is inevitable. |
0:34.3 | Because just think about it. |
0:35.7 | Once you have a million, how hard is it to get to? |
0:38.9 | Not very that difficult. |
0:39.8 | You just got to flip that. |
0:41.7 | You could just put it in index harms. |
0:43.5 | Might take seven years, might take 10 years. |
0:46.9 | You'll get double your money at some point. |
0:50.2 | And then once you get 2 million, |
0:52.5 | then you just got to flip that to 4 million. |
0:55.2 | And once you get 4 million, |
0:57.3 | you just got to flip that to 8 million. |
1:00.2 | No, I start crazy. |
... |
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