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Podcast: Get Rich Education
Episode: Why High Salaries DON'T Create Wealth, Why Western US Homes Cost More than Eastern US Homes
Description: No one gets wealthy from a high salary. Wealth is acquired by owning things. But how can you own MANY things without much money? I discuss it. Learn how to use major banks (Chase, Wells Fargo) to fuel your wealth and retirement when you're young. Debt is like fire. Kids will burn down the house with fire. Adults will use fire (debt) to produce prudent leverage and outsized returns. High salaries don't create wealth due to: lost time, no leverage, few tax benefits, and entrapment due to sunk education costs. <...