| Why do the rich get richer and richer, the middle | | | | main point is all the money they get; they spent it on |
| class faces the threat going down to become poor, | | | | things that will take money out of their pocket |
| and the poor just gets poorer and poorer. | | | | instead of putting it in. |
| The difference between a poor man and a rich man | | | | Yes, people may look at him and say something like |
| is actually when a rich person gets richer; his lifestyle | | | | "Hey, that guys is way too rich, he buys so many |
| stays the same (delaying the expensive lifestyle). | | | | thing in such a short time". But that's what most |
| When a rich person earns money, the money will not | | | | people would say, because that's what most people |
| be spent on things like expensive clothing, car, a | | | | would do. If I or somebody else that have proper |
| Harley Davidson bike, but they will actually invest the | | | | financial education, we would just like, "Hey, that guy |
| money back into assets (things that put money into | | | | is such a moron, he would probably be poor again in |
| their pocket, like buying shares that will earn you | | | | 6 months and probably need to work for the rest of |
| dividend, property to be rented that can get some | | | | his life if he didn't get proper financial education". |
| cash flowing in, bird's nest, profitable businesses, etc). | | | | Because the rich have all this money that is invested |
| When you often see rich people that drive | | | | that will bring money in for them, their money just |
| Lamborghini, you must be aware that they spend | | | | works for money. They don't have to work hard |
| their money wise. First on assets, then they fulfill | | | | anymore. They leverage their money. |
| their expensive lifestyle needs from their assets' | | | | So why do the poor get poorer and poorer? The |
| income. | | | | poor here actually don't care or don't know anything |
| So when the rich get richer, they just become richer | | | | about leverage and investing. When they receive |
| and richer. | | | | more and more money, they will just spend it on |
| But why do middle class' people are often found | | | | stuffs like getting a new cell phone, expensive |
| striving just to get pass a day? Well, because when | | | | clothes, and expensive foods. Basically, all the income |
| a middle person gets a raise in their income, they will | | | | becomes expenses. |
| actually use the money on things' that will further | | | | Now the question is; if you're income increases, what |
| decrease their assets, and increase their liability | | | | will you buy? Is it things that put more money into |
| (things that take money out of their pocket). | | | | your pocket or things that will take money out of |
| They will go and get a bigger and fancier house, | | | | your pocket? |
| bigger car, a more expensive cell phone, a great | | | | Answer that question, you're the one that knows |
| computer, a 999 inches television maybe (if they can | | | | yourself. |
| actually find one), and too many more to say. The | | | | |