Action Academy | Replace The Job You Hate With A Life You Love Steal These Strategies The Ultra-Wealthy ($100M+) Use To 10x Your Wealth (In Less Time)
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Nov 29, 2024 Discover the secrets behind the ultra-wealthy’s strategies for exponential wealth growth. Learn how they navigate various asset classes to amplify their fortunes. This discussion contrasts the mindsets of seven-figure and eight-figure earners, offering insights into alternative investment routes. Practical examples are shared to enhance your financial journey, making wealth building accessible and actionable.
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Net Worth vs. Cash
- Wealth is measured by net worth, not just cash.
- Net worth is calculated as assets minus liabilities.
Appreciation and Wealth
- Appreciation plays a key role in wealth building, especially in stocks and real estate.
- Most Americans build wealth primarily through home equity appreciation.
Forced Appreciation and BRRRR
- Use the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to force appreciation in residential real estate.
- Be cautious of appraiser subjectivity and market fluctuations impacting valuations.