6 Things Rich People Buy That The Poor Don’t
Selling Made Simple And Salesman Podcast - A podcast by Salesman.com
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We’ve all seen the glamorous toys rich people buy—the luxury cars, the decked-out jewelry, the quintuple decker yachts. But what about the things rich people buy to grow their wealth? To become richer? That’s what we’re looking at today—the top 6 things rich people buy that poor people don’t. And if you’re looking for a way to invest in yourself, you’d better stick around. Get Rich Quick? Wealth is a funny thing. Some people are born into it. Others fall ass-backward into millions. And some people, on paper, look like they should be rich someday… but end up paupered, penniless, and pissed at the world around them. Making and spending money wisely is tricky. And a misunderstanding about what you should and shouldn’t be buying to grow your wealth is one of the biggest differences between the rich and the poor. Which investments pay off? What purchases lay the groundwork for future success? And how can you tell the difference between an asset that expands your financial empire and one that brings it crashing down? These aren’t easy questions. Hell, if they were, everyone would be rolling in dough. But today, we’re pulling back the curtain and looking at six things in particular rich people buy and poor people don’t. From physical items to organizations and yep, even ideas, we’re tackling it all. Now, let’s give it a look. 1: Training The best asset you’ll ever have is your own abilities. And the more you invest in bettering yourself—we’re talking mind, body, and spirit here—the better earning potential you’ll have. Reading and consuming valuable, educational material is key here. The most successful people, for example, consume books and audiobooks ravenously. And if you’re not reading at least 10 pages a day, sorry to say it, you’re simply not doing enough. But books and written content are just the start. And you can only learn so much by reading the static words on a page. That’s why rich people also tend to invest in training programs. Ones that provide interactive deep dives into the topics. Ones that cover skills and strategies using different media like whiteboards and video. And ones that give you the opportunity to engage with (and pick the brains of) real-life experts. It's that type of learning experience that I modeled the Selling Made Simple Academy after. All-in-one sales training, in-depth mentoring, proven success—it’s got it all. And on top of all that, if you can sell, you can do anything. So developing this invaluable skill should be at the top of your list. 2: Businesses Now don’t worry, this one isn’t as out of reach as you might think. One of the best ways of expanding wealth is by purchasing a successful business. Businesses are revenue-generating machines. And with a business that’s already well-managed, you don’t have to put in any work to keep them earning money while you sleep. It’s why business acquisition is one of the go-to investments for people with lots of money to burn. But for those with a little less expendable income, there’s always investing in the stock market. Buying shares in companies with strong track records can dramatically scale your wealth if you’ve got an eye for the market. And with the right investments, you can create a surprisingly substantial passive income stream from dividends alone. 3: Audience Whether you’re selling physical products or services, there’s one thing that’s common across any industry—people. You need people to buy what you’re selling if you want to make a profit. And the savviest professionals know that spending their money on increasing their audience is a fantastic way to boost future income. Now, you can’t directly buy sales opportunities (at least not ones that’ll actually pan out). But what you can do is invest in indirectly increasing your audience. For example, you can purchase equipment that’ll increase the ...