Welcome to passive real estate investing, the show where busy people like you learn how to build

substantial passive income while creating wealth for the long term. And now, here's your host, Marco

Santorelli. Hello, my friends. Welcome back to passive real estate investing, where we dive into

the world of real estate investing, among other related topics, to help you

with your real estate investing journey. Today, we're doing something a little different.

We're going to take a trip down memory lane and showcase an important episode from the past

on what we call our Throwback Thursday episode. Now, whether you've been with us since the beginning,

which goes back to 2015, or you're

tuning in for the first time, this episode is a must listen. We are revisiting one of our more

popular episodes from the past. And believe me, what we discussed back then, whether it's

six months ago or six years ago, is just as relevant today. So sit back, relax,

and let's rewind the clock for this great episode. Enjoy. Our show is about creating substantial

passive income and creating wealth for the long term. And that's the subject of today's episode.

It's wealth creation, or more specifically, the wealth creation formula.

Have you ever wondered how the rich keep getting richer while broke people stay broke and the middle class continue to shrink?

This isn't a mystery, as it may appear, when you examine the specific differences on how broke people, the middle class, and the rich spend their money. This is such a simple

concept, yet it's so profound. I believe I finally understood this concept on a train ride from Rome

to Florence, Italy. I had picked up a new book called Rich Dad, Poor Dad by Robert Kiyosaki,

and once I started reading it, there was no putting it down.

What was made clearer to me at the time is how the rich spend their money. So what I'm going to

explain to you today is why the rich keep getting richer, the broke keep getting broker,

and why the middle class remains stressed out. Now, before we start, it's important to understand

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