We’ve all heard the saying: The Rich Get Richer. Here is why this is, and how you can use this to your advantage - enjoy! Add me on Instagram: GPStephan
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We’re going to start this video off with some very scary statistics…you’ve been warned, I hope you’re sitting down…because this is getting out of hand:
Now in terms of making money, lets first start here, because this is going to make sense shortly: The Federal Reserve. This is the Central Bank of the United States, and their job is to control the quantity of money flowing into the economy.
Having low interest rates CAN stimulate the economy, but generally at the expense of devaluing wages and raising the cost of living. This isn’t always a BAD thing, but what often ends of happening is that the FIRST people to borrow money are often the ones who are credit-worthy, who have money to begin with.
Wealthy people are often the first to borrow money at pre-inflated prices, and as they continue to use and invest with cheap money, they slowly start to drive up prices. By the time everyone else can begin investing, prices have already gone up, leaving them without as much room for profit as the early investors. Hence, the rich get richer.
Here’s what this means for you, and how you can benefit from it:
First, understand that your CREDIT SCORE IS EVERYTHING.
If you’re not already working to improve your credit score, do this RIGHT NOW - get a credit card, pay it off in full, on time, every single month - and get it to the point where you can take advantage of low interest rates to profit from. If you’re confused about how to build your credit, I have a video less than 20 minutes long that I will link to in the description - watch that, and it’ll tell you exactly how to build your credit score.
Second, SAVE YOUR MONEY.
It makes NO difference how much money you’re making, if you can’t save a significant portion of that to invest when you see an opportunity. Even when the stock market plummets in price…if you SAVE your money, you’ll have the gas to put in that Ferrari to go faster than ANYONE ELSE.
Third, INVEST YOUR MONEY
If there’s ANYTHING rich people are good at, it’s INVESTING their money…and it’s INVESTING their money at a time where most people can’t or won’t. These are also the people who invest LONG TERM, and aren’t phased by a drop in prices…rich people don’t panic sell out of fear of losing money, instead, they’ll often double down because their investment just went on sale, and now is an opportunity to invest even more money.
Fourth, THINK LONG TERM.
The BIGGEST mistake you could possibly make is to get emotional about a stock purchase, panic, and sell as soon as it goes down…if there’s anything wealthy investors are good at, it’s buying an investment with the expectation of holding it long term.
By holding long term, this also means you’re less likely to sell at a loss, at a time where maybe you shouldn’t be selling…and many studies have shown that time in the market, not timing the market, has led to the greatest chance of success.
So, yes - to answer the title of this video, the rich have a MUCH easier time getting richer…but once you begin leveraging your money to do all the heavy lifting for you, recessions and low interest rates turn into a sale of just about everything.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Second Channel: https://www.youtube.com/channel/UCa-ckhlKL98F8YXKQ-BALiw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
We’re going to start this video off with some very scary statistics…you’ve been warned, I hope you’re sitting down…because this is getting out of hand:
Now in terms of making money, lets first start here, because this is going to make sense shortly: The Federal Reserve. This is the Central Bank of the United States, and their job is to control the quantity of money flowing into the economy.
Having low interest rates CAN stimulate the economy, but generally at the expense of devaluing wages and raising the cost of living. This isn’t always a BAD thing, but what often ends of happening is that the FIRST people to borrow money are often the ones who are credit-worthy, who have money to begin with.
Wealthy people are often the first to borrow money at pre-inflated prices, and as they continue to use and invest with cheap money, they slowly start to drive up prices. By the time everyone else can begin investing, prices have already gone up, leaving them without as much room for profit as the early investors. Hence, the rich get richer.
Here’s what this means for you, and how you can benefit from it:
First, understand that your CREDIT SCORE IS EVERYTHING.
If you’re not already working to improve your credit score, do this RIGHT NOW - get a credit card, pay it off in full, on time, every single month - and get it to the point where you can take advantage of low interest rates to profit from. If you’re confused about how to build your credit, I have a video less than 20 minutes long that I will link to in the description - watch that, and it’ll tell you exactly how to build your credit score.
Second, SAVE YOUR MONEY.
It makes NO difference how much money you’re making, if you can’t save a significant portion of that to invest when you see an opportunity. Even when the stock market plummets in price…if you SAVE your money, you’ll have the gas to put in that Ferrari to go faster than ANYONE ELSE.
Third, INVEST YOUR MONEY
If there’s ANYTHING rich people are good at, it’s INVESTING their money…and it’s INVESTING their money at a time where most people can’t or won’t. These are also the people who invest LONG TERM, and aren’t phased by a drop in prices…rich people don’t panic sell out of fear of losing money, instead, they’ll often double down because their investment just went on sale, and now is an opportunity to invest even more money.
Fourth, THINK LONG TERM.
The BIGGEST mistake you could possibly make is to get emotional about a stock purchase, panic, and sell as soon as it goes down…if there’s anything wealthy investors are good at, it’s buying an investment with the expectation of holding it long term.
By holding long term, this also means you’re less likely to sell at a loss, at a time where maybe you shouldn’t be selling…and many studies have shown that time in the market, not timing the market, has led to the greatest chance of success.
So, yes - to answer the title of this video, the rich have a MUCH easier time getting richer…but once you begin leveraging your money to do all the heavy lifting for you, recessions and low interest rates turn into a sale of just about everything.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
So what I've learned is that a ressetion is a rich guys wet dream because it's screaming capital gains
The bigger the fish is the more food it can eat
Love your videos dude btw new to your channel
How the rich get richer: Because they invest
Thank you so much
You are right you can just sit and complain and do nothing or do something and protect your self and earn from these bull and bust markets !
However the feds is bailing out the rich by buying corporations debt and bonds and injecting cash into banking system ! How ironic? Too big to fail right ! Isn’t it capitalism for the market to correct it self even if it hurts .
Your video is based on fake news or mainstream media who’s not telling the full and honest truth about how the feds and ultra rich are screwing us.
You are not telling the truth that is why I will not like or subscribe to your channel.
Ill say it again dont buy a credit card just eat the rich
Yeah it still be easier for us poor to just kill the rich and take thier money lol
Kill the rich and take thier money
Yeah the soultion is to kill the rich and take our money back
The rich get richer because the rich buy stocks when everyone panics and the stock market crashes. The vast majority of the people don't invest properly and they think they know when they really don't know. The rich know because there financial iQ is very high.
In Islam interest is prohibited because it makes the rich richer and the poor poorer
You miss so much tho. The fact that bailouts that are given, often are used to stock buyback and compensation. Companies have terrible business practices that inflate stock prices at the expense of the employees that work there. I love your vids, but it's careless if you present only one side of the whole thing
Thumbs up if you're watching this after the 2020 correction
The poor need to spend all their money just on living, but the rich have money to spare which they use to make more money.
Umm… no. The rich get richer by smashing that like button!
Thanks Graham. I actually knew this (pretty much) already (heck, I'm 53, I BETTER know it by now), but I like to reinforce what I know from time to time. Well done. Toughest thing for the (relatively) poor masses is getting started (hard to take a small amount from a small paycheck for many, and for others it's hard to stop their spending habits which have kept them from benefiting from reasonably good salaries). Also, for the bottom 10%, there really is no other option than to make more money from whatever sources they can (2nd jobs, 3rd jobs, reducing consumption and services). So many people could free up a couple hundred a month if they just budgeted, looked for deals, and stopped impulse buying in its tracks. I guess it's all about habits, hard to break and also hard to establish unless you really focus for a few months.
What are your favorite finance books?
Where are the richest counties in the US? The 5 richest counties are around Washington. Huh, they probably know they fucked the market up and know not to sell, and they steal more fiat currency than actual criminals. The largest heist in america and you act like it is fine.
I’ve watched every video of yours that I’m resorting to rewatching old videos. I hate it but love it at the same time because it keeps me motivated. But could you just do me a favor and maybe make 2-3 videos a day? Thanks
I love your videos man but please tone down the ads. You put way more in your videos than any other channel I watch. You have enough already my dude. Give back a little
Smashed it!!!!!!
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I dont normally comment, but this video was so well thought out that i needed to mention it. Thank me now
The problem isn't wealth inequality, it's wealth envy. Fact is the poor in this country are better off than any time in world history. The average person on welfare in the US has a bigger apartment than the average middle class person in Germany.
Rich get Rich off the hard working Men and Women of America!!! It's called pure Dam Greed!!!!!!
The video was a bit long with great information. You may need to invite people to the channel to further your statements and bring in a new face/attention to your videos to keep viewers attentive.
You make things complicated than they really are. It’s as simple as this, entrepreneurship is defined as “risk taking”. And poor people don’t want to take risk. And yet they want to be billionaires as well? Not gonna happen.
Cheap money is bullshit. If you understand business, it’s not all beds of roses. There’s thorns as well and that’s what we call “risk”. It’s oversimplifying the equation and negating the chance of risk.
Envying the rich doesn’t make you a holy person. If the rich are greedy and selfish, then God will judge them and they will go to hell. Now the best question to ask what if you yourself, who’s not rich, goes to hell as well?
You didn’t take up College and now you’re complaining about “record CEO bonuses and payouts”. It’s like complaining about fit people when you are busy eating fastfood and watching TV.