Demo describing leverage and its uses
Description
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
Australian British (General) North American (General) Spanish (South American - General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
you see all too often we call expensive consumer purchases investments when they are not. You cannot invest in new clothes. You cannot invest in a new car. You cannot invest in a new coach. You cannot invest in a new Reeve. An investment must have the ability to increase in value or provide income with over tell you in a moment, the BKF technical definition off investing is when money is used to purchase an asset you believe will have ah, high likelihood of increasing in value over time. It can also be an income producing asset whose price fluctuates due to market demand. Otherwise, misappropriating the term investment incentivizes us to stay stuck in a vicious cycle off poverty for the lost majority of our lives. It allows us to provide ourselves reasons we should be able to purchase such and such, even though we know good and well we don't even have the money to do so. But here's red gets interesting. You actually would have the money to make whatever trivial purchases you wanted if you learned how to invest. And yes, while finding ways to increase your earned income is always a good first step nothing will ever really change for you or your family until you begin finding ways to have the money you earn earn money on itself.