The Rich Somers Report 10 Savage Truths: Why You’re STILL Broke | Albert Preciado E349
May 21, 2025
Albert Preciado, an entrepreneur who rose from homelessness to build a multi-million dollar empire, shares his unfiltered truths about financial success. He discusses how avoiding discomfort keeps people broke and the pitfalls of ego and distraction. Clarity, discipline, and speed are highlighted as keys to breaking free from stagnation. Albert emphasizes defining your circle’s influence on your journey and why your past struggles can be your best teacher. Get ready for a wake-up call that challenges conventional thinking on wealth!
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Homeless But Resourceful
- Albert Preciado was homeless in 2008 but creatively slept in his Ford Explorer and stayed in vacant million dollar homes using a realtor super key.
- He made the best out of his situation, describing the Explorer as a surprisingly comfortable place to live and even for intimate moments.
Credit Is an Illusion
- Credit and money are essentially made up and banks often lack physical cash.
- Credit can be repaired or hidden quickly, enabling people to leverage other people's money without typical credit limitations.
Leverage Chase Credit Card Hack
- Use the Chase credit card hack: combine travel cards' credit limits into a 0% interest Freedom card.
- This creates large, interest-free credit lines to fund business events or investments and build your brand's reach.