What The Ultra Rich Invest In That Poor And Middle Class Do Not

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8 • 826 Ratings

🗓️ 10 July 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Dan Lok shares his personal journey from being a bad investor to becoming a successful one, and reveals where the ultra-rich invest their money.

You'll learn the key factors that separate successful investors from those who struggle to build wealth, and discover why most people can't access the same investment opportunities as the ultra-rich. Dan also shares his top tips for building a winning investment strategy, so you can start growing your wealth and achieving financial freedom.

If you're looking to take your investment game to the next level, you won't want to miss this insightful and eye-opening episode.

Transcript

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0:00.0	Unsuccessful people do the wrong thing.
0:18.0	Successful people do the right thing. Wealthy people own the wrong thing, successful people do the right thing,
0:21.6	wealthy people own the right thing.
0:23.6	Until you have ownership, you have equity, right?
0:28.6	You have assets, you are not wealthy.
0:31.6	So don't be thinking about, oh, I've got a business
0:33.6	doing X amount of millions of dollars,
0:35.6	and for most of us, you're still working in it
0:37.5	or maybe on it a little bit, right?
0:39.0	Unless you sell the business, that's a big exit,
0:41.8	or you're taking the profits that you make,
0:44.2	and what do you do?
0:46.0	What do you do?
0:47.5	That's when you build that asset column.
0:49.5	That's when you start owning things, right?
0:51.4	Wealthy people, they own.
0:52.6	They own real estate, they own shares.
0:55.9	Look at Warren Buffett, he owns shares, right?
0:58.9	Look at Jeffries, he owns shares, right?
1:01.3	Unless you own something, you're not wealthy.
1:04.5	I don't care if, oh, I'm a business doing whatever, $8,000, $7 million.
1:07.3	It doesn't matter.
	...

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