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  • So you are relatively poor while other people seem to be incredibly rich.

  • But getting rich seems like a mysteriously complicated feat, right?

  • Maybe win the lottery some day, become a movie star, or maybe end up on the right place at the right time and get that once-in-a-lifetime opportunity.

  • Otherwise, you're just good at being poor. Okay, here's the thing.

  • Becoming rich is very similar to becoming poor. See, the way you get poor is like this.

  • You work hard and buy things that take money out of your pocket.

  • These are what richy-pants financial people call liabilities.

  • And if you keep acquiring these liabilities eventually you will be poor. Guaranteed.

  • Now becoming rich is pretty similar. You still work hard; you still buy things, except you buy things that put money in your pocket.

  • Things like real estate. Businesses. Stock. Things called assets.

  • And assets generate money for you even when you're not working, which grows exponentially with the more assets you buy.

  • And if you keep buying these assets, soon you will be rich.

So you are relatively poor while other people seem to be incredibly rich.

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