4.8 • 692 Ratings
🗓️ 26 May 2020
⏱️ 20 minutes
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0:00.0 | Welcome to the Real Estate Strategies podcast. I'm Ken McRoy and I'm here to give you creative ideas on how you can get started or continue your journey in real estate. |
0:10.9 | Enjoy the episode. |
0:15.0 | Hey everybody, it's Ken. So thank you guys so much for all the great questions that you're sending in. |
0:20.5 | I have been reading them and |
0:22.3 | looking at them and it certainly helped me design new content exactly for you. So keep the |
0:29.2 | questions coming in. Thank you so much. One of the questions that keeps coming up is where do |
0:35.8 | the rich store their wealth? And so that's what we're going to talk about |
0:39.9 | today is exactly, you know, some of the studying that I've done personally and also what I'm doing |
0:46.3 | right now during this crisis. As we all know, you know, unemployment's going to run out probably |
0:53.4 | at the end of July, at least that's what they say |
0:56.0 | at the moment. Businesses have not been open, and some are now just opening, but it's kind of a new |
1:02.4 | normal. They're not opening to the robust customers that they had before, and they're certainly |
1:08.7 | not making the money that they were before, |
1:11.4 | a lot of them, and a lot of them just aren't opening. |
1:14.2 | So we are kind of dealing with this right now, and what I want to do is I want to try |
1:19.4 | to focus on what we could be doing, not necessarily where we are right now, but what |
1:25.5 | we should be doing, what we should be studying. |
1:28.3 | So the first thing is that I want to go over is I want to talk a little bit about the, these are the habits of the |
1:40.1 | investment habits of the poor, the middle class, and the rich. And some of us just are |
1:46.6 | working really, really hard to get what we have and maybe we're working really hard and we're |
1:50.2 | not getting what we have. And I just want to walk through these. These are talked about in the |
1:54.4 | cash flow games. They're talked about in Rich Dad Poor Dad and they're talked in a number of books. |
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