Dylan VanasFounder & 2x 8-Figure Entrepreneur Empowering Growth

Here's The Rule for Getting RICH

Name: Here's The Rule for Getting RICH
Uploaded: 2023-08-05T22:45:00+00:00
Duration: 50 s
Channel: Dylan Vanas
Description: Brief conversational advice on getting rich: invest borrowed money into assets rather than liabilities and follow a slow, repeatable rule—allow one…

5 Aug 2023 · 1 min

Watch on YouTube

0:50

Brief conversational advice on getting rich: invest borrowed money into assets rather than liabilities and follow a slow, repeatable rule—allow one luxury purchase at a time (e.g., a watch), then sell before upgrading, while building passive income (aiming for substantial monthly income) to fund future luxuries. Emphasizes time, discipline, and prioritizing assets over consumptive liabilities.

Chapters

So how do I get rich? I borrow money and I buy assets with it. The poor person borrows money and buys liabilities like purses, cars, houses. And they get poorer and poorer and poorer.
Here's the rule. If you want to get rich, it's not going to be overnight. It will take time, but I guarantee it will happen when you start making real money. Real money. Like we're talking tens of thousands of dollars a month. You get to buy one luxury thing. You can either choose a watch, a car, you can. You get one thing that's your thing, and that's the thing that you get to have until your passive income will be able to pay for your next luxury thing. So go ahead and get it out of your system. I like watches. I'll buy a watch and I'll wear it. And then if I want another watch, I'll sell this one and get the other watch. That's your formula for getting rich. Do it over time. Good advice, but you can go out and get one thing.