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Money Myths: Rich people are greedy! Money Tips, Tricks & Tactics #17.pdf

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Money Myths: Rich people are greedy! Money Tips, Tricks & Tactics #17.pdf

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In today’s video we discuss the money myth, rich people are greedy! Is it true? Or just made up?

How many times have you heard somebody say this, ever wonder why people say this? Well what you‘ll most often find, is that the people that believe this and spread this comment, are usually not rich themselves.

Perhaps they tried to become rich or maybe they never tried at all, but it’s the jealousy and resentment that’s really speaking here. In reality, there are plenty of rich people who are more giving than the people on regular salaries, but why are regular individuals not called greedy when they buy a house, car or clothes?

So what do you reckon, is it true or false?

In today’s video we discuss the money myth, rich people are greedy! Is it true? Or just made up?

How many times have you heard somebody say this, ever wonder why people say this? Well what you‘ll most often find, is that the people that believe this and spread this comment, are usually not rich themselves.

Perhaps they tried to become rich or maybe they never tried at all, but it’s the jealousy and resentment that’s really speaking here. In reality, there are plenty of rich people who are more giving than the people on regular salaries, but why are regular individuals not called greedy when they buy a house, car or clothes?

So what do you reckon, is it true or false?

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Money Myths: Rich people are greedy! Money Tips, Tricks & Tactics #17.pdf

  1. 1. MONEY MYTHS: "RICH PEOPLE ARE GREEDY!" Money Tips, Tricks & Tactics #17
  2. 2. TODAY'S AGENDA
  3. 3. TODAY'S AGENDA Is it true? 1
  4. 4. TODAY'S AGENDA Is it true? 1 The facts 2
  5. 5. TODAY'S AGENDA Is it true? 1 The facts 2 The problem 3
  6. 6. TODAY'S AGENDA Is it true? 1 The facts 2 The problem 3 What next 4
  7. 7. IS IT TRUE? No, it's untrue. Whilst you may see people who are rich & wealthy, who express outward signs of being greedy, like owning expensive homes, cars, clothes, jewellery and more... You don't always see the things, they do behind the scenes: charitable donations, philanthropy, sharing with their family & friends...
  8. 8. Bill Gates pledges to donate 95% of his wealth THE FACTS Did you know? According to CEO Today Magazine, Bill Gates and his wife pledged to donate 95% of their wealth, and by 2018 had donated over $36 billion through their foundation. Warren Buffet donated $4.1 billion in June 2021 and has also pledged to give away most of his wealth, starting the giving pledge to encourage more of the rich & wealthy to follow suit. 1 Warren pledges to giveaway most of his wealth 2
  9. 9. You know your rich when you give away most of your money and your still on the forbes list.
  10. 10. THE PROBLEM
  11. 11. THE PROBLEM A lot of people say "rich people are greedy" out of jealousy.
  12. 12. THE PROBLEM Your home doesn't pay you, you pay for it. People confuse their home for an investment, when in reality it's a liability. A lot of people say "rich people are greedy" out of jealousy. It's a way of shaming the people who achieved their financial dreams.
  13. 13. WHAT NEXT So what's the solution? How do we turn this all around.
  14. 14. WHAT NEXT Understand that you still need to plan for your financial future 1 Although the statement is true, not all debt is bad. Debt, which is used to create wealth for yourself is good. i.e. BTL mortgage for an investment property which generates rental income Don't hold any form of jealousy or resentment towards rich people. 1 WHAT NEXT So what's the solution? How do we turn this all around.
  15. 15. WHAT NEXT Understand that you still need to plan for your financial future Understand that taking good care of your personal finances increases the possibility of a better financial future. 1 2 Although the statement is true, not all debt is bad. Debt, which is used to create wealth for yourself is good. i.e. BTL mortgage for an investment property which generates rental income Don't hold any form of jealousy or resentment towards rich people. Understand that you can also achieve, what they have achieved financially 1 2 WHAT NEXT So what's the solution? How do we turn this all around.
  16. 16. WHAT NEXT Understand that you still need to plan for your financial future Understand that taking good care of your personal finances increases the possibility of a better financial future. 1 2 Although the statement is true, not all debt is bad. Debt, which is used to create wealth for yourself is good. i.e. BTL mortgage for an investment property which generates rental income Don't hold any form of jealousy or resentment towards rich people. Understand that you can also achieve, what they have achieved financially 1 2 Begin implementing all the necessary steps towards achieving your own financial dreams 3 WHAT NEXT So what's the solution? How do we turn this all around.
  17. 17. You'll thank yourself later for all those sacrifices, you made.
  18. 18. ACTION ITEMS Your action items for today's video are as follows... 1
  19. 19. ACTION ITEMS Your action items for today's video are as follows... 1 ONE Practice gratitude, be grateful for your current wealth!
  20. 20. ACTION ITEMS Your action items for today's video are as follows... 1 ONE TWO Set the financial goal to become a millionaire in your lifetime. Practice gratitude, be grateful for your current wealth!
  21. 21. ACTION ITEMS Your action items for today's video are as follows... 1 ONE TWO Set the financial goal to become a millionaire in your lifetime. Practice gratitude, be grateful for your current wealth! THREE Begin saving each month towards that goal, from now!
  22. 22. LIKE, SUBSCRIBE & SHARE Leave a comment below & I'll give you my 2 cents...

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