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The Wealthy... How They Do It
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Join our AI hosts Frosty & Bailey, as they discuss the research and 25 years of real estate experience of Don Susie Karstedt of Rethinking Real Estate. Today: Assets that make you rich, including cash, bonds, stocks, and real estate. It also outlines rules of money, emphasizing a locus of control and living below your means. The "buy, borrow, die" strategy is introduced as a way to build wealth while minimizing taxes. Other important topics are the 70/30 rule (live off 70%, invest 30%), the importance of multiple income streams, and understanding the difference between assets and liabilities.
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