Why the Rich Get Richer

[@VALUETAINMENT]

Get the PDF here: valuetainment.com/why-the-rich-get-richer/

[@modesto885]

A wise man once said that “If you took all the wealth in the world and divided it equally amongst everyone, it would eventually fall back into the hands of the wealthy”.

[@nigelash4363]

MODESTO true. It’s (in my opinion) because we know how to make it and KEEP IT!

[@24barrasnick12]

MODESTO faxx, if u give 10k to my sister , that shit would disappear in days If u gave me 10k or one of my associates that 10k would turn into a 100k in less than a year

[@nownalolo8860]

They try to save as much as possible so that they can make valuable investments with it. The money keep moving.

[@ryno4ever433]

Unless you devised a way to prevent the wealth from all accumulating in one place. This is not fucking rocket science, but pick your favorite propaganda and follow it, I guess.

[@fender1000100]

@@24barrasnick12 That 10k would turn in 100k In LESS THAN A YEAR. ARE YOU JUST RUNNING YOUR MOUTH TO LOOK BIG ON HERE. Or do you actually have ANY PROOF. That youve 10 X 10K inside a year????

[@VALUETAINMENT]

The gap between the rich & the poor will get wider and wider because of the principles spoken about in this video.

[@saarthakpanda9143]

Valuetainment, #notificationsquad!!🤘🏻🖖🏻🤘🏻🖖🏻

[@nehemynet]

Thanks Patrick Bet-David . Competition is a lil bit dead. Collaboration and connection is now key

[@xuereb2867]

At age 10 there need to be a subject called money and given at least equal importance to languages and math.

[@jflex9668]

Valuetainment AMAZING , INSPIRING , POWERFULLY COMPELLING from Patrick Betdavid!!

[@reverendbluejeans1748]

That guy is one punch man. He is bigger the countries. If I chuck a football it will hit my neighbors rover who is much riching then me. I , I I can't stand it Ahhh. I aint putting up with it.

[@coryg121]

Patrick, your struggle as a child was your competitive advantage. Struggle is a powerful motivator

[@larrysbrain1627]

Struggle comes from many things. If struggling is an advantage, then most people would be successful, because most people severely struggle. Nonsense!

[@johnnyhotrod2608]

@@larrysbrain1627 Most kids in America do not struggle! They are spoiled!

[@arrrryyy]

No need to complicate, most people are poor just because they chose to. It's not that difficult to increase your wealth year by year if you have stable income. Increasing wealth can be only $10K first year, but then it can be $100K in 10 years, then it can be $10Mil in 20 years. However, if instead of saving, investing looking for ways to make money, someone things business they work is obligated to take care of them, pay them, pay for their retirement, then these people will never get rich even if their salary is 1 Mil a year.

[@Majthoub]

u know u can actually instantly put ur self into struggle ......... my life is comfortable.....but when i can't resist going to sleep i break the bed so i don't look for a place to lay down till i finish what i wanted to do every night

[@JonathanSorunke]

"The rich pay attention to taxes while every one else doesn't" What a quote!

[@RWong-wn3pv]

There is no doubt that is true. BUT fully 45% of IRS household & people pay “little to NO income taxes.” !

[@catvisiontv855]

Yes exactly...WE need the UBI dividends.. based on GDP.. we would not have all these wars with direct voting and with a jury system administration corruption would not happen .. Also a UBI based on 50% of stock dividends and the GDP which would be given to all adults would be about 4200/mo ...

[@Krwler]

I can't believe this information is free

[@mark1952able]

There is a choice one makes if they want to be rich or poor. Each persons definition of Rich is different. If one only thinks that having money is rich, that's their choice. If someone thinks that having good friends, being healthy, having a beautiful family is rich, that's their choice. Each of those people will die. Choose what you want. Having the freedom of choice is rich!

[@johnnyhotrod2608]

Everyone already has the most valuable asset you could ever get.......time. Not everyone invests it wisely. Some people 'buy' time and most people 'sell' time. Everyone has been given the same amount of time and it was 'free'.

[@mattl7424]

mark1952able you mean wealth

[@jaydanielcastro]

Pats the goat 🐐

[@bradhouston4734]

Always good info. Food for thought

[@chaosevolution]

Education, knowledge, wisdom, mastery of skills, and perhaps being an apprentice to a mentor could help.

[@jim7771]

Rich people get 10%/year CAGR and let it compound, poor people pay 20% interest on their credit card, and let it compound.

[@rosaredapino980]

There are so many scam gurus on KZbin. All they do is just brag about themselves without even teaching the real thing about business. This is why I love your channel. You're a real deal❤

[@HikeWithIke]

Nothing can beat passive compound interest

[@VALUETAINMENT]

True

[@joeschmoe1193]

Real Estate can. Property grows in value and collecting rent is cash flow. Not guaranteed but it's there. In 20 years value goes up 10 times meanwhile the rent buys houses and cars over the years.

[@unkownuser5809]

@@joeschmoe1193 What about maintenance cost, urgent repairs, property taxes, court fee's for problem tenants? Also, where does the value go up by 10 times in 20 years? So a rental property bought in 2000 for $100K would be worth 1 million in 2020? It might be possible in silicon valley if you bought the property back in 1990, but that is very rare.

[@chevalsauer]

Compounding interest aye....? No one ever heard of inflation, or rather devaluation....? Everyone needs to watch Mike Malonys series hidden secrets of money. In 20 or 40 years, what can that amount of money buy you. BTW, its actually currancy, and thats assuming that the banks dont take a holiday and take all or most of it. The banks will never offer that sort of interest rate anyways, because they know. Watch the series and learn. I stopped this vid at the 7 min mark.... its true in principal and probably worked 40 years ago, but not now... Actual Gold and Silver real money, silvers best bet I reakon.

[@kerobi88]

@@unkownuser5809 I'm having the same ? All the time and no one able to answer ... Specially in these days when your mortgage going to be let say 800\900$ a month and the rent prices are around 1100 2000.... I wanna see how you can make money of it ..... Yeah right after 30 yr when your loan is over maybe.... But thanks by the time I'm gonna be at least 60.... And had a home where other ppls lived ....

[@mjs28s]

the great thing about wealth is that anyone can enter the game....except those that think wealth or high levels of success are bad or selfish. Those people are their own boat anchors in life.

[@jacobtran4010]

god I want to pause this video and say thank you so much for helping out the less fortunate like myself.... my family is very poor growing up and i'm sleeping on the floor as i type this. Thank you for giving back.

[@percyastronautstatus.8780]

sleeping on the floor?? dont give up..

[@Violetta1912]

This is another good video you might not know about - kzbin.info/www/bejne/i6OceIVvhsRpjsU I wish you a very happy and successful life my friend 🍀

[@Violetta1912]

Otaku Sage You could start a Meetup group. If you haven’t heard of it type in Meetup.com and see if there are already groups that you’re interested in in your area, if not you could start one yourself. Good luck x

[@rayt5520]

BEING POOR AS A CHILD MADE ME DO EVERYTHING DIFFERENTLY NOW BETTER OFF THAN MOST .

[@jeffersonmicah9881]

@IHaveSwatches not necessarily... more resources are yet to be tapped into in 3rd world countries. there are rich people in 3rd world countries if you look closely

[@designwizard8138]

English is the 3rd language for me but I literally, wrote down each word that came outta his mouth and I'm gonna learn it and memorize it by heart. Thank you, Sir :)!

[@daniphillips9291]

Man, you speak 3 languages? That's amazing. I can barely speak English and that's my first and only language. 😂 Kudos to you. 😊🙏

[@Stoneface_]

L K I care and others who liked his comment!

[@michaelleonard5744]

I Love your dedication, My name is Michael and You are My type of Mindset and Friend Cheers to our wealth Champion and other champions we are the next Trillionaires (My Goal) AIM HIGH

[@rishabhvyas856]

You are the best mentor david.. I really learns alot.. Thanku for those videos.. Love from India ❤️

[@JacksonTaylorandTheSinners]

I was never dropped off either bud. Walked 4 miles to and fro ever day. We were fruit migrant workers. I went the Army the same reason you do. I f’ing love people like you. You are living proof this is the greatest country in the world. We’re the the America dream. 🙏🤝

[@JacksonTaylorandTheSinners]

johnny walker I’ve been to dozens of them an none even come close.

[@JacksonTaylorandTheSinners]

johnny walker my wife is from Calgary and she disagrees with you 💯.

[@JacksonTaylorandTheSinners]

johnny walker like all leftist twats you just had to be a twat. FU you candy as commie bitch. 🖕

[@rafiqlnk]

Long live to you Pat. Every video you make is pure gold.

[@theknowall2232]

He omitted to state the most important factor: View: 1. *Central Banking Explained (satan's monetary control) Part 1 of 2* (a8GyHK8751s). 2. *ALL WARS ARE BANKERS' WARS* (QlunSNY5B48). 3. *Did he do it?* (4LmepJ5JGNg) ... narrated by a Jeω. 4. *Usury - The Real Reason The J ews Would Kill Jesus All Over Again* (Cj5nTmTTIoA).

[@dvran]

The older i get, the more i realize that your parents play a huge role in the overall success in your life. Work ethic, love for your children, love for society; all the money in the world can’t instill these qualities in people. You might not have $783,000 dollars, but you can still be overall successful and have a great life; where being in the 1% just enables you to have more stuff....

[@hoanghiepngo8645]

A year ago I got hit in the FACE by the same wake-up call. This year I realize something else. None of my "once-good friends" care about positioning themselves in life. So while I'm sitting hear in my tattered room working my way up out of this miserable situation, they're out bathing in booze and billiard betting. I'm so f*cking lonely that I'm losing my mind... But I'm pretty damn sure that 5 - 7 years from now, I'll have my own property and a stable stream of income - while my old friends are still the same - bathing in booze and billiard betting.

[@aminr4281]

@@hoanghiepngo8645 good 😊 luck to you!

[@markschmitz4620]

Complaining about the wealth gap is as futile as complaining about the "talent" gap. It's like saying "it's unfair that Michael Jordan is the best basketball player of all time". Maybe he has good genetics, but his success comes from all the years of hard work and discipline. He also had the right strategy. The same goes for anything in life, money included. The rich are getting richer because they know how to make money, while average people don't even try to understand money. Well guess what, the rich get richer and the average people stay where they are, just like Michael Jordan got better and better and average players stayed where they are. But it is simply easier for the ego to blame rich people and to say that they don't deserve the money instead of trying to model them and do what they did

[@-PureRogue]

well they don't , as money is power and needed in everyday life, person at hospital is needed to save your life, but one works to get all the money other works to save life and get money to live.Making everyone greedy is only road to destruction.

[@rothbardfreedom]

"Making everyone greedy" is impossible - because everyone is already "greedy". Every human action is performed with the intent of making of the person go from a state of less comfort to a state of better comfort - otherwise, the person would not act. Praxeology 101,

[@-PureRogue]

No need to pick on my choice of words, there is difference from wanting basic things and wanting everything in the world.

[@rothbardfreedom]

Kris b "Basic" defined by whom?

[@-PureRogue]

by common sense.

[@rujotheone]

The difference between the rich and the poor is leverage. One has to learn how to utilise the many forms of leverage. You cannot get rich by working hard alone

[@HAliShah]

Thank you Pat. My whole team is now hooked, and people are sharing your ideas in the company. Your content is real and actionable, even in Pakistan's social and startup/business context. Our company has 550+ people. I'm new here as a team lead in brand & marketing, and i'll make sure everyone subscribes to the channel! Stay blessed!

[@readersclub1999]

Hamza Ali another fan from Pakistan

[@kushagrakhandelwal6303]

Good luck mate. From India Hope to meet u at the top.

[@Stoneface_]

Schrodinger's Cat you sounds really stupid to call someone you don’t even know a ‘jihadi’!

[@monkmane2345]

Either of y'all rich yet?

[@alejandroramos29]

Your best episode by far homie 💪💪💪👊👊👊

[@NakedWarriorPoland]

remember, that health is more important than money :)

[@InvestingWisely]

Great video, generational wealth is key. The rich also teach their kids about money and investing.

[@taoist32]

InvestingWisely Not every rich parent teaches their kids. There are a lot of spoiled brats living off their parent’s money.

[@InvestingWisely]

taoist40 “not every” you could say that about anything. I don’t get your point. Not every car is red... Not every pizza is round... Not every business is profitable.

[@sohaibahmed226]

Yes sir you make a good point!

[@InvestingWisely]

Thanks Sohaib

[@luismabou]

I can't be more grateful that I am 17 years old and have considerable more knowledge about money that probably more than half of the population of USA. For almost two years, I've have watched your videos, read books and talk to other people about the subject. "Try not to become a man of success but rather try to become a man of value."

[@RamblingRamul]

I like your positivity regarding how long you think life expectancy is

[@nehemynet]

Thanks Patrick Bet-David . Competition is a lil bit dead. Collaboration and connection is now key

[@Jasmine_Tookes]

Nehemy Net I can not agree more. Collaboration and Connection

[@theliftexpert]

Collaboration and connections are just tools used to gain competitive advantages. Competing is not dead ,it is alive and well with new tools available to succeed!

[@nehemynet]

yeah!

[@ZayTson]

This right here is pure value! If only more people knew these simple concepts.

[@Kalonbeautykartel]

Thank you so much for all that you do ...you are appreciated

[@garryooi3913]

1.Exponential growth - increase the amount of revenue,profit and income. 2.Positioning - you can’t get rich by spending your hours. It’s very limited. Position urself as employee , or either entrepreneur. 3.Long term thinking -20 years thinking.

[@futuresrush]

Compound passive income and leverage is the key! Good video

[@africanchina1]

What do you mean by "leverage"?

[@sauravkumar5589]

Hey.. Thats something amazing..very interesting data presented in a very thought provoking format.. Great work Patrick 👍

[@VALUETAINMENT]

Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid

[@radiumescape]

Patrick David sounds like the most common Iranian name out there

[@bradhouston4734]

Rideshare Done Right yeah, I have the most respect for the people who built things from scratch, not just boosted into tobacco plantation wealth! Pats done it from the ground up 😀🕺🏻🎥🏖🇦🇺

[@bradleysmith6917]

ni

[@MrJackassz]

Does this guy support greed. Being a billionaire should be illegal, call it the greed law

[@jaybrielakoi7747]

See I dont get it. Poor people always complain about the rich and want to take money from them. Poor people! That ain't happening. It ain't happening. The only way to win against them is to become one of them.

[@jitpatel9648]

If the pubic school system taught us about interest and taught us that debt financed consumption undermines future consumption and taught us basic personal finance, then the gap between the rich and poor would contract.

[@alejandror.planas9802]

Such a shame Switzerland was not included in your list of countries with the most rich people, because we certainly have more than 1 million people with more than 750k USD. Actually if you take into account only the working population (16+ yo) we have the highest rate of millionares in the world (7.8%), and with only active workforce (excluding the unemployed or students) being considered it rises up to 10%. That means every 1 in 10 adults in Switzerland are millionares, that is the highest of any country, achieved by sustaining the only Laissez Faire Capitalist economy in all of Europe; Poland is catching up though.

[@alejandror.planas9802]

Also here in Switzerland we don't have the kind of wealth inequality you've got in America, the bottom 70% of Swiss people own 30% of all the wealth, versus the 3% in America and the global average. There is certainly a need to respark entrepreneurship and I am certainly glad you are taking part in making that happen.

[@JohnWillimann]

Also to note that there are (were) a lot of fortunes that moved to Switzerland for peace and quiet amoungst other reasons... :-D

[@unboxmuseumm]

Alejandro Planas I don't think there is anyone with basic knowledge of economics who don't know how much money is in Switzerland. My only question is what happens to frozen accounts say for African dictators? Where does the money go?

[@alejandror.planas9802]

Well precisely on that note, with regards to African dictators who stored their money in Swiss bank accounts, money which was later confiscated by the Swiss government, a lot of those funds are being given back to those same African nations right now, for example Kenya. Kenya has started a crackdown on corruption and corrupt politicians, a push towards freedom, peace and liberalization of the markets; as a result, Switzerland has decided to give that money back to Kenya. Essentially, you could say the money is put in trustfunds until those countries pursue a "correct" way of governance (less corrupt and more democratic).

[@markcarls1896]

What's that? One of the most homogeneous nations in the world actually functions without discord? Shocker.

[@jayanand8041]

How the hell you bring such a fresh, valuable and pure content. After watching your videos it's like blessed and grateful I got your channel. The name resembles with your channel.

[@ifcinvestor569]

The rich buy assets that produce cashflow!

[@user-td7xf3gz4l]

Why are people always saying "you don't need that much money" ?

[@eljuancho2]

cash flow!

[@MrJoniani]

The poor buy assets that produce liabilities

[@kidacrimson1204]

@@MrJoniani, yes, but they are not really "assets" to begin with, they are liabilities disguised as assets - i.e. a home.

[@Rich65501]

POSITIVE CASHFLOW

[@beautyclubt9028]

I've learned so much from u in 5 days man I'm addicted to this free valuable information

[@jthb]

Pat.... U speak amazing can u or are u going to make a video about speaking?!

[@THEcolebennett]

Darth Vader he has. It's called how to be a great public speaker

[@blazeifeanyi282]

Thanks for always feeding my minds with great perspective and ideas about wealth

[@larryalobo]

The rich study how to make, grow, save, spend money and wealth and protect it and hire or are with those who will help them and advise them about money. The middle class and poor don't and just earn and try to hold on to money and spend it

[@stuartporteous7762]

And they don't care how they do it!

[@masterthemindsetmiggz4339]

Your research, statistics, numbers, names, and studies you express in these videos you make is unbelievable! I love how you deliver it all!! Much love ❤️ PBD!!!

[@markcarls1896]

You know, you look at the amount of multimillionaires in America, but something else to realize is the poverty rate. Yes, it is harder to be a millionaire in Japan, but it is also much harder to be poor. These "socialistic" aspects you're looking at aren't bad things. I don't think they're complaining about their safe streets and graduation rates as much as we are. That being said, I agree with all 10 of the points you made.

[@siosiuakoloa8456]

Poverty is relative. Our poor people are richer than 95% of the rest of the world. That being said we have it pretty good

[@nownalolo8860]

@@siosiuakoloa8456 How do you know that your people are 95% richer than the rest of the world? They may be richer, but perhaps not wealthier.

[@mantheory6432]

Don't romanticize Japan. I lived there for 7 years as a student and trust me there are thousands of homeless people as well just the culture is different they don't stand on corners begging for money like here in america. They have an honor society so for them its shameful to ask for crumbs

[@blackSUAAAVE]

@@mantheory6432 - I think you have it wrong. It takes a lot of courage to ask for crumbs.

[@michaelleonard5744]

I Enjoyed Your Comment!

[@CT-yc4gd]

I dont' care about becoming a millionaire. I care about having financial stability. Which is a trial in of itself.

[@charlesbotensten]

Taxes needs to be discussed - esp if you’re still CA!!

[@Treatsandthreadscom]

big deal

[@daytonasixty-eight1354]

A video on tax discussion in California would be very short and not that interesting. Let me give you a summary. Step 1: Move to another state. Step 2: Pay attention to the correlation to democrat states, poverty, and rates of taxation Step 3: Don't make your new home California.

[@tuffstuff9809]

California is rich and you don't know how to get it. That's all

[@daytonasixty-eight1354]

You get rich by not spending money on pointless shit like rent or by living in what is repeatedly rated the worst state in the US for business.

[@tuffstuff9809]

You're right.

[@TheWickedsex]

Patrick great content as usual. Was wondering if you could do a video on effective methods to get the most out of books i.e your method of reading. I think this will benefit all the valuetainment nation. Keep up the good work!

[@daytonasixty-eight1354]

You start from the beginning and you read all the way to the end. You don't start at the beginning then stop in the middle then never read it again. Finish what you started. If you want to speed read, just read every 3rd word.

[@sahilnagi5823]

Hey pat! You always emphasise on specialising; Specialise! Specialise! Specialise! What is that one thing in which you are specialised that have taken you so far..? Thank you in advance.

[@Romulus2099]

That's why I watch Valuetainment. I'm curious, I want to be as close to 1% as possible. Thanks Pat for all the amazing content, your videos help me get one step closer to that dream

[@tashacook2451]

I'm tired of making other people rich, gotta do for self

[@expomike2]

You are an animal my man! I just love to hear smart people, give out knowledge and you sir are a friend to my mind!

[@GuestYouTubeUser]

Save and live below your means. 💰

[@ewingaguasvivas8386]

What a good video, i had seen your channel before but i had not watched your videos, from today on i am going to suscribe

[@charlesbotensten]

Perspective. That’s more than any dollar symbol. Perspective we are healthier, better, loving longer, higher birth rates, and less violent crime. There are soooo many more charities and services as well. Bring on the wealth!!

[@Camcentral4532]

Charles Botensten Very true, though many people won't understand what you just said.

[@kimchee94112]

If you're young with many years ahead of you, in good health with a good woman, smart and willing to work hard, enough to eat and roof over your head, without serious addictions, you are already rich. No amount of money could buy good heath and a good woman. Timing and a little luck goes a long way.

[@hemi6729]

Hey Patrick I am new to the channel can you tell my what is important the ability to sell stuff or the ability to come up with idea? Most suggest me to work on my ability to sell stuff

[@hemi6729]

Epic Mentality Thanks for the the help

[@justjacqueline2004]

I came up with "ideas"the selling I had to "outsource"as it is a skill beyond me and it cost-A LOT!

[@hemi6729]

what skill were you searching for in that person

[@justjacqueline2004]

Exactly,all those years ago,probably before you were born,I did not even know what I needed from the people who were to sell my product-goes to show you just how dumb even inventors can be.Its embarrassing even these many years later to reflect on my ignorance of what was needed to sell my product.No internet and my product was technology based selling to an ultra conservative group(pharmacy).

[@lazaroalvarez1478]

He very often says sales is king!

[@bitcoinfightclub8449]

I just found your channel the other day. I have already watched six of your videos. Very impressed with your message, not only that, you are excellent at interviewing!

[@simaofilipe8682]

One thing I found very interesting that happened to me was that because we didn't have time to talk about everything on our class on Economics in highschool we skipped the part that talked about saving/investing , which btw was the part I was waiting to talk about all year long 😂

[@VALUETAINMENT]

It amazes me.

[@waiyantun2866]

Can you explain about a time management and the short term goals next time sir? I am 20 and I am on my process of my own disciplines.

[@brotherhood5735]

The education system doesn't talk about money for a reason. In a 10 player game, in order to have a winner there has to be 9 losers.

[@unknowndriver6652]

Exactly and these idiots think they will become rich following advices from someone on youtube ... sure

[@Kakashi_hatakeee]

unknown driver What do you mean? Are you even rich?

[@zachhenrichs8438]

And some people say Capitalism doesn't work... seems like America is doing the best job at sharing the wealth.

[@larrymorgan747]

You forgot to mention inflation.

[@taoist32]

Matrix Online Shopping Yep,he sure did. But at least he mentioned taxes. How many of these self proclaimed multi millionaire speakers talk about taxes? How many of them even mention the names of the companies they supposedly built? To my knowledge, only a few and Patrick is one of them. My favorite, Brian Tracy, doesn’t even talk about taxes or mention the names of the companies he’s built before starting his personal development coaching corporation.

[@kjacoby]

So because inflation exists, you’re supposed to just give up? Smh

[@modernadulting6857]

Keeping your wealth requires that you do certain things: Put your wealth to work. Putting your wealth to work means investing it wisely in stocks, bonds, real estate and other business opportunities. This helps multiply your wealth.

[@DucksDeLucks]

Lower income people need to spend all or nearly all their salary on living expenses. They aren't able to invest it and benefit from continuous compounding.

[@Swordsquire]

Yup!

[@Amir-iz8eh]

But they do have money for a car ... and a house ... And college ...

[@DucksDeLucks]

@@Amir-iz8eh Only be using a lot of credit ie borrowed money, which comes back to haunt them.

[@Amir-iz8eh]

@@DucksDeLucks That's exactly what I'm saying. Rather than paying the bank for your home. Put that money in investments, you'll have exponential higher ROI.

[@Amir-iz8eh]

@@DucksDeLucks Man the internet has created so much opportunity that excuses have became an old game

[@knowyourhistory647]

This video deserves to be shown compulsorily in Schools and Universities..!!

[@tomasxfranco]

#1, Also comes from capital. Having more $ affects what banks offer you.

[@birdbrain6946]

Been watching since the start. Best video yet.

[@saarthakpanda9143]

#notificationsquad!!🤘🏻🖖🏻

[@martinmartinez156]

Thank you for all the information, everything you do is helping me in my life, personal and in my business. Absolutely one of the best mentors on KZbin, again thank you

[@BizAutomation]

Love ya man, but your math is off. You need to account for inflation from 1982 to compare to 2019. Compare 2019 dollars for 1982, don't use 1982 dollars, that's a straw man argument.

[@natesaint2173]

Had to come back to this video Soo much gems

[@Truced]

....And that 2.5 trillion ain't worth what it was in 1980 because USD has lost its purchase power. Banks keep printing more. Buy Bitcoin.

[@Chefchandreviews]

@ lol you don't know shit.

[@mindingmybusiness9765]

Very very good value!🏅 Wow! Thanks Pat.💯

[@VALUETAINMENT]

Who was #1 on Forbes 400 in 1982? Tweet me @patrickbetdavid

[@theliftexpert]

Daniel K. Ludwig

[@shauryapandya1662]

Daniel Ludwig

[@broadcastentertainment4013]

Henry Ford

[@daytonasixty-eight1354]

Rothschild family, they control the most wealth.

[@EricSmyth4Christ]

Rothschild pays top dollar to stay off the Forbes magazine

[@ClaudeMasseyConsulting]

I love the longer stuff Pat! This is a GREAT ONE....

[@treasurehunter100]

End the FED and the playing field becomes even..but that will never happen.

[@pinestreetcap]

The content of this video is really well researched. Good stuff, Patrick.

[@joedagher7596]

I'am From Lebanon

[@KiranRobbin]

Great video. Been watching all your video a and they provide to much value, which others are paying 100s for course

[@omarfarique6304]

5:36 Is where the video starts. Thank me later

[@the360degreemastery3]

First time I'm catching your video the day it came out. Good for me...I must be on my way to wealth

[@markhale7799]

Love the video your math is just off: 3% gives you after 24 years $20327 about ($20.000) After 48 years it gives you $41322 (about $40.000) Correct so far but here is your miscalculation 12% gives you after 24 years $151786 (about $150.000) not $160.000 but I can see you round it off And after 48 years it’s $2.303.907 (about $2.3million) not $2.56mil that makes your 64 factor shred to a mere 55,75... about 56 Now why does this calculation error make a huge difference, say you have that account for your grandchildren. After 80 years the calculation error made is by guessing it will be $96.2mil while in actual fact it would be $86.6mil. That small calculation error can cost someone up to $6.600.000. Great example however keep it real and use math ;D

[@Paul-zn6hh]

The math in the beginning of “countries of people who have >750” is off too. The last nine countries = 22.3

[@markhale7799]

Totally missed that thanks

[@JackMajor]

@@markhale7799 hey mark and thanks for your numbers. can't seem to calculate it the same, how did you do it?

[@artznymhunga]

i can see why you became a good sales your communication skills are top notch .awesome video Pat

[@namnguyen-tv8nt]

1982: Eduardo Saverin. Net worth: $7.9 billion

[@RonDalal]

Making over 6 figures wholesaling real estate - love the content, just started watching 🙏🏽🏆

[@BRBallin1]

Oftentimes, the rich spend more of their wealth to simply maintain their stature. So it's not like they spend more than us to be happier but to simply maintain their stature. They get private rides because they work around the clock and need rides on demand. They wear the best clothes to give a good impression to others. They buy large houses in a secluded area because they need all the space that they can get for their personal belongings and need to be isolated from the malicious public. They eat the best food so they can be in the best condition to put forth their best self in their high-pressure position. So all these luxuries are mere conveniences that allow them to make their high pressure/high-risk position easier to handle. That's why many of them don't really get to pause and enjoy them but rather utilize them for making anything besides their career less of a distraction.

[@obcane3072]

How many rich people you know? You seem to know their motivation. Read millionaire next door and you'll see you are wrong. Rich buy quality so they don't have to buy again. They buy once. A billionaire has 10,000 times more money than someone with 100,000. So the billionaire can spend 10,000x the money on every item that an upper class person can spend. And they usually don't.

[@kitcassim4156]

Your videos help me so much; I owe you my gratitude

[@UnrealTestName]

The nr. 1 reason why you get richer when you get rich: Because the most profitable options of getting money are only available once you already have money. It has very little to do with saving money, or working a lot: Those are all necessary (for some people), but they obviously don't make you richer. I.e. if you simply inherent a lot of money you get richer just by giving it to good investors and In some cases the opposite is even the case. There are many really good sociological and economical studies on the subject, the mechanisms have a lot to do with class based mechanisms to segregate people by habitus (Bourdieu). To all the people who are not rich but still defend those mechanisms, I really understand you for not being willing to give up your dreams of a just society, but from a sociological standpoint the thought that the distribution of wealth is just in any sense of the word is just laughable (or better: it's considered an ideogical self-affirmation by the people who simply need or want it to be true). If you don't think I am right, I'd like you to propose some kind of theory or empirical data.

[@billcucky121]

of course you are right...and sane...the dude in the vid preaching this bs to the privileged children of alcoholics and opioid addicts (see majority of commentary) is the true threat to modern society

[@ombhairappanavar6140]

Amazing video!! Love from 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@tarcal87]

The lame excuse of "why don't you work /or study/ to become rich" *so* awkwardly misses the point. It's not about how many MORE rich people there could be, it's how the system makes rich people _at the expense_ of everyone else. Because if everyone were rich, there would be no one to exploit. The economy is a closed system, you only make money by making someone pay (or pay unfairly more) for something (a product or service or legislation or outright scams). So the answer is not "why don't you also... " but why our system allows such gaps to exist in the first place.

[@michaelodetola]

By definition, everybody can't be rich at the same time since the prices would inflate. Also this is more of a motivational talk to develop yourself, it's not about the economic system and it's failings. Don't take it too seriously..

[@paulrivera3252]

Wealth is more of a mindset than anything else. If all money was dibbied out evenly to every person in the world, it would go back to those who know how to use and make more no matter where they are (little towns, big cities, on an island, exciting places, depressing places, etc.,).

[@larrysmith7348]

Dude chill on the hand gesture it's making me dizzy it takes away from your point

[@williamwallace7651]

the truth is people aren't willing to make the sacrifices financially and personally required to become rich. they want it to be given to them. reality is most self made millionaires dedicate life to getting rich at sacrifice of personal happiness. most want to spend their wages cars, holidays etc which you can't fault them for you only live once (for all we know). only a certain breed of person has the hunger and love for money

[@paulrivera3252]

Barely $5000??? Some people are lucky to keep $30 in their Bank accounts.

[@englishcoach7772]

I watch these videos and share them with my community. Pat your eloquence and energy has improved. You are a nice inspiration. I got a lot of motivation from watching your money videos. You changed my mind about money. Fantastic content.

[@geno816]

Who in the hell is getting 12%?

[@mrslugur]

@johnny walker He is not talking about bank interest rate. He is talking about 12% return on investment whatever it may be. US stock market has been on a 10+ year bull run. You could've just blinded gone with S&P 500 index and come close to 12% annual return for the past 10 years. Of course this won't continue forever, but that is also his point. You always gotta move your money around. Always find your next opportunities.

[@productofsol4864]

Totally love the perspective you provide Pat, thank you!

[@FortyGritSandpaper]

keeping people ignorant of basic system principles is the chief purpose of federal approve public"education"

[@victorwarner2734]

Thank You again for creating such value

[@bluecollarandrich9508]

This video is full of GOLD!!! Patrick, you did it again!

[@JWFitness1]

Bro this was an excellent video. Love the info about the life insurance and taxes. WELL DONE!!

[@fz1260]

Perfect timing Patrick! Just finished the book Rich dad, Poor dad by Robert Kiyosaki and a few days ago the Money, Master the game by Tony Robbins! People just don't know what to do when it comes to money because nobody ever taught them how money works and how to make them work for you. I highly recommend these two books to everyone