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Why Most People Will Never Build Wealth (And How to Break the Cycle)

Ken McElroy Show

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Navigating the Future of Wealth

This chapter explores the importance of passive income and valuing time in financial decisions, highlighting the decline of paper currency due to inflation. It discusses the historical transition from gold-backed money to fiat currency, emphasizing the risks associated with currency instability and the need to invest in hard assets. The conversation also touches on the habits of wealthy individuals, the impact of global dynamics like BRICS on currency value, and the critical relationship between asset value and currency devaluation.

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