I want to talk to you about how to think richer it's really tough to get rich if you think like a poor person and we all know poor people they're all over the place so I'm going just show you something here this here is a gold Rolex Daytona the younger people have no idea what Daytona means but this was Paul Newman's watch and all this stuff and I own four daytonas they go oh what a waste of money that's how a poor person thinks why do I buy a $50,000 watch let's say it is and
gold rings and all this well the reason is because the national debt of America is through the freaking roof we're going bankrupt the way America with our politicians the way they solve their problems is they print money one thing wrong with printing money the rich get richer and the poor middle class get poorer ression Lawes when bad money enters a system good money goes into hiding now here's a 50 cent piece Kennedy half dollar 1964 this is from my friend Jim Clark Republic Monetary Exchange here in Phoenix Arizona I buy a lot of golden real
golden silver from him so in bad money enters a system which is the bad money this or this the agressions law says when bad money enters a system good money goes into hiding this is bad money this is real money so what happens is when I show this to most people most people say which one I said which one do you want the $10 or the 50 cent piece the average person young or old jumps for this but this is bad money the smart want real money and the reason this happens is every time the
government prints money which started in 1971 when Nixon took the dollar off the gold standard every time you print money the rich get richer let me say it again when you print money government's print money which are printing all over the world today the rich are getting richer because assets go up in value what else goes up in price are food eggs and stuff like this so the rich get richer because they have real money but the poor in middle class get hammered because inflation's killing them see look at America today there have an election
coming up for the president and what's happening is inflation is killing people right now this is getting takes more and more of these to buy one of these here so you understand Gram's law when bad money enters a system this is bad money this goes into hiding so Republic monetary exchange here in Phoenix this isn't hiding this 50 cent piece is worth a lot more than this so we're talking about why do I buy assets why do I buy real estate because when I use debt debt is this fake money here to buy a real
a house this goes down in value but the house goes up in value so that's why the smart people know how to use debt to get richer cuz they use debt to buy real assets and this gets worth less and less and less and less us it's Gran's law when bad money enters the system good money goes into hiy when bad money enters the system the rich buy more assets like real estate land things like this so they get richer and the poor in middle class get poor cuz inflation kills as Gran's law has been
around for thousands of years so I hold this up here 1964 real silver and this I say which would you rather have this 50 cent piece or the $10 the rich will take this poor midle class will take this let me explain this when you print money the price of assets go up like my apartment houses go up the price of oil goes up and things like this so what happens is you print money the price of oil goes up but so do the cost of a chicken because a chicken takes gas to get it
to the supermarket so you go to the supermarket why is this chicken $10 today whatever it is I don't pay attention to that stuff but we're printing so much money today this here this solid gold watch I've been buying gold since it was $50 an ounce that's why I own gold mines I don't like to fool around with too much I have real goal I can take it I can feel it it's in a private fault hidden in some Mountain not too far from here but the reason why I buy this gold watch let's say
it cost $50,000 5 years from now what will this gold watch be worth see if gold today is let's say $3,000 and the prediction is gold is going to go to 50 $15,000 so that's a ftim so the reason I buy a gold watch I can buy a cheap ass Swatch watch or a timx or whatever it is for 50 bucks I some of those too by buying a gold Rolex I'm not saying do it I'm just telling you how I think and how poor people think oh I'm going to get myself a cheap ass
Apple watch no right Lefty Apple person would buy a solid gold Apple watch you know cuz it doesn't fit their genre but when I buy this thing here I get to wear my asset on my wrist cuz it gets more valuable the more government is up the more they print money the more valuable is not the watch it's the gold in the watch so I'm just saying to you that is how I think and I was trained to think that way but a poor person they want to buy something that's Nic looking but inexpensive that's
why they're poor you know some people buy like I see women with these very expensive handbags I hate to tell you this the only place that's going to be good for is a Salvation Army thrift store but they have a some Gucci bag or something or they got Gucci shoes or whatever they have but there's nothing wrong with wearing your assets on your wrist or gold earrings because it's not the earring it's the gold so if you can understand that the reason poor people are poor is they think if they get something for cheap they're
smart but they're really poor so ladies and Gentlemen people talk about mindfulness now Buddhism is mindfulness what are you saying to yourself oh I can get by living this or I can eat cheap food or I can do this remember this this is the rule when the government prints money assess go price up in price the rich get richer but the poor get poorer so when you print money the price of gasoline goes up I get richer cuz I own oil wells the poor in middle class get poorer cuz they're putting gas in the car
it's also taking gas to get that chicken and toilet paper to the supermarket so that's what's going on in America today and the biggest problem as you know is that most of our leaders a lot of them are School teachers like tampon Tim Walls who ran with CA he's a college professor or something like that the governor don't hang out with poor people it's a waste of your time My Poor Dad smart guy and all that pours a church mouse he wanted everything that was inexpensive rather than something that was valuable not the price but
what is the long-term value of what you're buying today I'm taking delivery on a new car not that I need a new car but it's a very rare car so I get to drive around a very rare car that only rich people can afford oh such a waste of money I'd rather drive around my Toyota Prius okay that's fine you get from point A to point B but you get richer no that's the the problem so the problem isn't the Toyota Prius or my new collector C coming in problem is how you think so ladies
and gentlemen it's called mindfulness be mindful the question is are you thinking like a rich person a poor person or a school teacher so if you want to find out the top three things that schools should have taught you about money and three is light men they don't teach you anything but the top three things of school does not teach you about money please watch the next videos
