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Learn about the spending habits of wealthy people, negotiation tactics for acquiring a local loan business, opening gym locations, the risk aversion of the wealthy, and the value of patience and finding profitable opportunities in this entertaining podcast.
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Quick takeaways
- Developing skills is crucial for financial success as they can never be taken away.
- Wealthy individuals prioritize investments with minimal downside risk and seek opportunities that can never go to zero.
Deep dives
Acquiring Cash Flowing Assets: A Game for the Wealthy
The podcast highlights the importance of viewing business as a game and acquiring cash flowing assets. The speaker shares a personal experience of acquiring a gym without using any personal funds, allowing it to generate profits and eventually selling it for a higher price. The key takeaway is the value of developing skills, as they can never be taken away and can lead to financial success.
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AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode