Codie SanchezFounder @ Contrarian Thinking

How The Rich Spend Their Money…

27 Sept 2024 · 0 min

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0:23

Codie Sanchez (YouTube) argues for prioritizing 'assets over accessories'—buying income-producing or value-retaining assets instead of conspicuous items. She illustrates the point by comparing the average Rolex (~$9,000) to a 3% down payment on a $300,000 house (also $9,000), prompting the question: do you look rich or are you rich?

Questions this video answers

$9,000

3% down on a $300,000 house (3% of $300,000 = $9,000)

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