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The speaker argues that most people do not understand what true wealth is and struggle to achieve it. He explains that the traditional view of wealth is not accurate and that real wealth looks like young, hard-working entrepreneurs who have a deep understanding of what wealth is and how to achieve it. The speaker emphasizes the importance of creating multiple streams of income and making money work for you. He suggests that creating situations for your money to grow and multiply is key to achieving long-term wealth. One way to do this is by solving problems, such as providing shelter for people. The speaker suggests wholesaling real estate as a way to provide shelter for someone without owning the property and making a profit in the process. The money earned from wholesaling can then be invested in assets that produce passive income, such as equity in businesses, crypto, or real estate.
The speaker suggests several ways to invest money to create long-term wealth, including investing in good stocks or cryptocurrencies that have the potential to grow in value, fixing up and flipping houses, or acquiring rental properties. He emphasizes the importance of investing in rental properties to create long-term wealth, noting that there is always a strong supply of renters, making rental properties a scarce asset. The speaker encourages viewers to create multiple streams of income through cash-producing assets and to make their money work for them. The speaker's channel provides many ways to make active income and create long-term passive wealth, and he encourages viewers to subscribe and follow him for more information.
The speaker argues that most people do not understand what true wealth is and struggle to achieve it