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Be the Bank!
- How the Wealthy Control and Compound Their Money and How You Can Too!
- Narrateur(s): Dave Margolotti
- Durée: 2 h et 35 min
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If you want to be wealthy, do what the wealthy do! It sounds so simple, but this advice is seldom followed. We have 10 percent of the population controlling 90 percent of the wealth. And what do most people do? They follow the same strategies of the 90 percent of the population that controls 10 percent of the wealth! Ninety percent of millionaires and billionaires became wealthy through real estate. This is a time-tested, proven way to become wealthy.
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Description
Are you ready to understand the difference between the middle-class and the wealthy?
For years, many of us have been brainwashed into thinking that investing in RRSPs and mutual funds is the only way to save money. Year over year, we pay our bills and funnel money into the stock market, hoping that one year, we will see the return of a lifetime, which we think will make us rich.
While that’s happening, the wealthy are ignoring those rules and instead putting their money to work for them - they are their own bank. They are controlling, growing, and protecting their money, and then multiplying their wealth and their family’s wealth, year over year.
If you are in the first group of people mentioned and want to learn the secrets of the wealthy, this is the book for you. With the strategies explained in this book, you can become your own bank and achieve financial freedom.
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- Josh
- 2023-10-28
Compelling
Good book, short and concise. I wish it went more in depth about using the strategy specifically for real estate. I have purchased the high cash value participating life insurance policy that this book speaks about. I bought it 2 years ago and I’m quite excited to start putting it to work.
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- Natasa P.
- 2021-03-22
Very well explained
This cleared up a lot of questions I had. Easy to follow as well.
Sections organized well too.
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- Dmaclean8
- 2023-10-10
A Must Read!
I had never heard of this investment vehicle, and Darren explained it in a straightforward way with many examples. If what he is saying is true. This has to be the absolute best way to structure your finances for retirement investment. I must read for anyone who’s tired of banks, telling them what they can, and cannot do with their money.
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- Ryan from Canada
- 2021-11-09
A must read!
Great information at a level anyone can understand. Highly recommended this book if you’re looking to add a great investment tools to your portfolio
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- John K.
- 2023-03-14
Great book
So much great info in this book about getting your finances in order to build longer term wealth. I highly recommend it!
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- Robert Xia
- 2023-11-04
Very vague
The book speaks about the concept of high cash value life policy but did not go into sufficient depth and examples of how the exact math plays out over time.
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