What the Wealthy Actually Teach Their Kids | Ep 876

And this is going to ruffle some feathers. You want to prioritize earning over saving. So one of the biggest mistakes poor people make is they think they can save their way to wealth. But the truth is it's better to focus on how to 10x your income than save an additional 10%. What's going everyone?

I was thinking about the advantages that rich kids have for poor kids outside of money. And I actually think that the greatest advantages they have are non-monetary. It's changing how the kids think and changing their worldviews. And I think that's the gift of being, quote, born rich.

And I try to break down some of the behaviors that I've observed between rich kids and poor kids or rich parents teaching rich kids and poor parents teaching poor kids. And I think you'll enjoy it. I'm gonna show you why being a small business owner is the best tax deal in America. So let's say that your business nets you $100,000 per year in income.

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