and the middle class, they buy liabilities,

thinking that they are assets.

Today I'm gonna teach you

the three assets that rich people have.

As a media personality, I've had the privilege

of sitting down and interviewing hundreds

of some of the most successful people in the world

through my podcast, The Danlok Show.

If you are a fan of my work,

you are already of subscriber of that.

If not, you can click the link below

and subscribe to my podcast for free.

Now, in spite, it doesn't matter what industry they're in

and they are form all walks of life,

what I've noticed is, all these successful people

have created their wealth in three main asset classes.

Asset class number one, businesses.

A business they start themselves,

or a business that they are partner of.

Or in some cases, someone else's business

that they have invested in,

or it could be a business that they founded

so many years ago that they sold.

But most of the time,

they have created their wealth in businesses.

Asset class number two, stocks.

They have stocks, index funds,

mutual funds, options.

What I notice is, rich people, they like stocks.

They have a stock portfolio because of liquidity

that they could sell and get cash any time they want,

they can turn that shares into money.

And also in some cases, of course,

future earnings and appreciations.

Sometimes they invest for the dividends.

So dividend stocks.

So they have paper assets.

Asset class number three, and that is real estate.

Now most wealthy people, they either have

created their wealth through real estate

or they hold their wealth in real estate.

I'm talking about rental properties.

It could be condos, houses,

commercial properties, apartment buildings, right,

there's so many different kinds of real estate.

It also could be land.

Land that they lease out to farmers or vendors.

It could also be mortgages,

we call them notes, right, papers.

That could be also part of their investment strategies.

It could also be parking lots.

Those are cool.

Or self storage units, those are cool, too.

Or it could be REIT, R, E, I, T,

real estate investment trust, right.

So what I've noticed is they have their money,

they hold their wealth in real estate,

one form or another.

So those are the three main asset classes

that rich people have.

So I want you to ask yourself,

what type of assets do you have?

Are you working towards acquiring some kinda assets

or building some kinda of assets?

Now, when it comes to investing,

you wanna keep it nice and boring.

Don't make it fancy.

It's like martial art,

basic punch, basic kicks,

they are the best.

Yeah, you can do the jumping, flying kicks

and all that stuff,

but you don't wanna do that.

You wanna keep it very, very boring.

If you're having conversations with a buddy

every weekend about, hey, look at my latest investment,

look at my latest thing I just put my money in,

that's not a good sign.

You want it to be boring,

you want it to be like,

same stuff, nothing changes.

And a year later, sit down with them and say,

yeah, kinda the same.

That's the best.

You want assets that are nice and boring

that just chunks cash flow, right,

day in and day out.

Appreciates and produces cash flow for you.

Very, very simple.

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And also, comment below,

let me know what are the topics you wanna learn more about

when it comes to wealth creation,

when it comes to investing and wealth building as well.