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What’s The One Thing Rich People Buy That Poor People Don’t – Boss In The Bentley

What’s The One Thing Rich People Buy That Poor People Don’t – Boss In The Bentley

– What’s the one thing
that rich people buy that the poor and middle class don’t? (upbeat music) So you see it on Instagram, you see it on Facebook and sometimes you’ll see it on YouTube, that you see that rich people
they have these nice watches and they have, and they drive
the Lamborghini, the Ferrari, you know, the Bentley. They stay in luxurious hotels. They have huge houses. And all these things that they buy. And that’s what people see rich people that’s what they have. But that’s not actually
what got them there, right? So what do they actually buy? Rich people, one thing that they buy is, they buy assets that the poor
and the middle class don’t. Now, what are assets? I’m talking about income producing assets. Assets that appreciate. Assets that will make them money. So example, it could be
a piece of real estate. It could be an apartment building. It could be a company. It could be stock. Any assets, investments
that would put money in their pocket versus
poor and middle class. What do they buy? They buy liabilities. If you study a little bit
about what Robert Kiyosaki’s Rich Dad Poor Dad, you know
that the definition of assets. It’s assets is things that
put money in your pocket. And most middle class
they buy liabilities, such as their home, their primary residence. That they think is asset. Which is not because the asset is supposed to make you money while you sleep. Versus liabilities is to eat you, it takes away money from
you while you sleep. And you look at poor, middle class, you look at their financial statements, very often they have
very little or no assets, zero assets and they have
a lot of liabilities, their home, their car and all that stuff. But they have very little assets. So rich people, they buy assets first. Then the assets buys our luxuries. Versus the other way around. I’ll give you a perfect example, so instead of asking
yourself, saying to yourself, “Oh I can’t afford that,
it’s too expensive.” Rich people, that’s not how we think. That’s a very low level
poor person mentality. “I can’t afford it.” Right? Rich people, we ask the question, not only how could I afford it, but how can I make this make me money? How can I make this make me money? So instead of thinking,
let’s say for, this car, so I could have just buy
this Bentley any time. But I waited for a period of time because I set a goal and said,
“OK instead of just buying “a liability, I need
to buy the asset first. “So I need to buy an asset “that will throw off enough cash flow,” in my case a piece of real estate, “enough cash flow, that
I know that would cover “my monthly payment of my Bentley.” Right? So instead of me just buying a Bentley which then I have to pay from
myself from my own pocket. I say, “OK let me go through a step, “let me buy the asset, that one thing, “buy the asset first, “when the asset throws enough cash flow “that pays for my luxuries.” That pays for the car
that we’re filming in. So even though when this car,
I’m a change two three years, when this car, when I no longer drive it, when I sell it, whatever it is. Guess what? I still have the asset
that’s working for me. That’s the difference. We buy, rich people, we buy nice things. We buy the nicest things. The difference is we don’t
want to use our own money. We buy the assets first, we invest first, we buy the investments first,
then we buy liabilities. The definition of rich
people, the rich is simple. Rich people we are
entrepreneurs who invest. I’ll say that again. We are the entrepreneurs who invest. Verus, even if you’re a business owner, instead of just buying
stuff for your business, make the money from your
business first, right? And then you can put into investments. If you watch my world triangle videos, you know I talk about
the three stages, right? If you have not watched
them, click on the I button, just watch them first and you
know what I’m talking about. So high income skills and then on top of your scalable business and on top of your high
return investments. So rich people we are
entrepreneurs who invest. So that’s the one thing
that rich people buy that the poor and middle class do not. Let me give you one more tip. There’s one thing, that we also buy, that the poor and middle class do not. And that is, rich people buy
time, poor people sell time. Rich people buy time,
poor people sell time. The thing about people who
are struggling financially or employees they sell their time. They get paid based on their time. How many hours I get,
how many hours I work, how much do I get paid per hour, or how much do I get paid
per month or bi-weekly that’s how most people think. Rich people we don’t do that, we buy time. We buy time because time is the one thing that you can not replace. This second that you’re watching my video, that second is gone. That minute you’re watching this video, that minute’s gone. You can’t replace it, I can’t replace it. I cannot replace it. The customer is replaceable. Money is replaceable. Time is not. I cannot create, manufacture more time. Money I can always make more money. If I have the time. If I run out of time I cannot do that. That’s why time to rich people is a most valuable commodity. That’s why I fucking hate it
when people waste my time. It’s worse than stealing from me. It’s worse than stealing money from me. Because money, I can always make it back. The minute that I waste,
I cannot get it back. And if I use the time wisely, I could use it to make a lot of money. So the reason we buy time, we
buy talents, we buy people, we buy people that can help us, we buy people that can save us time. So that’s why the two hours that you spend you know cleaning your home or doing all the stuff, mowing your lawn. You know, a quick story, one time I was visiting
a pretty successful CEO, the company’s probably doing
$20, $30 million a year. And I visit his office
and I went to his office and I couldn’t believe it. The minute I got there
he was mowing the lawns in front of his office. I’m like what the fuck was that? Right? Right there it tells me, my god, this CEO does not value his time. The two hours he spent mowing the lawns, he couldn’t have found
better things to do? He couldn’t have found better
ways to invest his time? He couldn’t have found a better
way to utilize his talents? He’s mowing the fucking
lawn, seriously, right? It makes no sense. When I talk with him, I was
giving him a hard time, right? So rich people, we don’t just
think of return on investment. That’s one of the words that
you’ve got to learn, ROI. We think in terms of return on investment. Your assets, your liability,
but we also think in terms of return on time invested. Return on, ROTI, return on time invested. That I invest this time doing
this thing, what’s my return? Right? So I know if I spend two
hours watching the movie, that movie then doesn’t
just cost me $20, $30, $40. That movie cost me thousands of dollars, if not tens of thousands of dollars. Then I know that when I watch a movie, I have to ask myself, and not
that I don’t watch movies, I love watching movies. But I know also realistically
that is not a $40 thing. That cost me tens of thousands of dollars. So then I need to ask
myself, “OK, it’s the escape, it’s the experience, is that
worth that kind of money?” And I look at and I say, “OK
you know what? It is. It is.” If I take the time off and
spending with my family that hour costs me money but I’m willing to spend that. Very consciously, versus
people who have concept, very consciously, I know
that I’m investing my time, that’s worth X amount of
dollars, with spending, I’m not trying to make money
from this hour, two hours, I am spending with them. I am investing in that time. And when you think of
it that way, guess what? You’ll be more present. That’s why every time I
watch a movie, rarely I say a movie is so bad, no it’s
OK, at least I can justify a little bit mentally that
shit this movie just cost me fucking $20,000 it’s pretty good. Right, it’s $20,000 of my time, right? So joking aside, that’s what it is. You’ve got to think of it that way, how you value your time. So that’s what rich people do, rich people buy time. If you don’t value your time you’re not going to be successful. You have to value your time. Everything, Bill Gates
has appointment, booking, six minute increment. Six minute increment in his calendar. That’s a billionaire, right? My mentor has his in 15 minute increments. Now I also have my thing, sometimes 30 sometimes
15 minute increment. How you manage your time,
how you invest your time, your most valuable
investment that you have. So there you go, that’s
what rich people buy, the one thing that they buy that the poor and middle class don’t. Don’t look at just what
they have, their fancy car and that’s the thing. Before we go. Because maybe when you have no money, you’ve been struggling for so long, you have been working hard for so long. And suddenly when you
make a little bit of money and all the image that you
have about rich people, all the nice things, the nice car, all the things that they have. Suddenly you make a little bit of money, I’m not talking about a lot of money, a little bit of money, and you say I want a
fucking, I’ve worked 15, I waited 10 to 20 to 30 years for this. Fuck it, I want that life. And you go spend your money and you think by spending that
money that makes you rich. That makes you fucking poor. That doesn’t make you rich. You only see the surface,
you see the result, you see the outcome, you don’t
look at the fucking process. Look at how they got rich. They buy the assets first. Before they buy their fancy watch, they buy the investment. The investment makes them money, then they buy the fancy watch. But you don’t want to do that, suddenly you make a little bit of money because you’re so fucking insecure, you gotta big fucking ego, you want to show the world,
you want to show your family that you’ve fucking quote unquote made it, which you haven’t, you want
to look rich versus be rich. You go buy that fucking
watch and you know what? You wear that watch and you
thought you fucking made it. Everybody thought you made it. You did not make it, you
just made yourself poorer. That’s not what makes you rich. But if you can have the self
discipline and self control and say you know what I’m
gonna buy the assets first, I’m gonna buy the assets first, once you buy that and your assets you can buy all the
fucking luxuries you want. Your assets pays for it. It’s OK, buy the nice things you want. It doesn’t quote unquote cost you because you’re investments
are providing for you. Investments are feeding you. It’s making you money. That’s the difference. So think about that. Don’t just look at, “Oh
I want the nice things.” The nice thing is the result that’s the next step. First you gotta build a portfolio, I didn’t have nice things for
the first 10 years of my life. It’s only now I quote unquote
after all these years. OK now I have people say,
“Oh Dan, you’ve got the…” I didn’t have the fucking
Bennie over night. I was driving, you know,
Mazda for a number of years. And Audi, not that Audi’s
a bad company, it’s OK but it’s not a Bentley. For a number of years. Only recently, now I’m enjoying life. And people look at they
look at where you are today but they don’t look at
where you came from. Ponder on that. Comment below, share
with me what’s one thing that you think poor and middle class buy, I’m curious to hear your thoughts. The people that you see, the
poor and middle class buy. Share with us, share with me. Also give me a thumbs up as well. Subscribe to my channel,
turn on notification, we upload a new video every single day on business, on relationship,
also on martial arts. That’s what my channel’s
about, it’s my life it’s what I do, just like this, going to downtown,
getting stuck in traffic and answer your questions, that’s a good return on time invested. Even in the car and stuck in traffic, I’m making a video for you right? That’s how you utilize your time that’s how you’re being
smart with your time. Check out my other Boss in the
Bentley video, right there. We have a lot of videos you can check out. A lot of interesting questions, a lot of interesting insights. Until next time, I’ll
see you in my Bentley.

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100 thoughts on “What’s The One Thing Rich People Buy That Poor People Don’t – Boss In The Bentley

  1. Enjoyed the video? Subscribe, Give it a Thumbs Up and Comment Below.
    (Dan actually reads EVERY single legit comment from his loyal fans)

    Don't like the video? If you would be so kind as to
    FUCK OFF, it would be very much appreciated.
    You don't have to watch any of Dan's videos.

  2. Ok Dan, you just costed me money so I can watch you video. Was it worth it ?
    Yeah, you made me think.
    And now I’m going to mown the lawn and think some more. Putting a wasted skill time in time spend to create ideas.
    Darn it. I just wasted time typing this reaction.
    Point taken Dan this video was very helpful for me. At least it made me think about what to buy first. Time !

  3. Poor and middle class people buy course after course and never take any real action (Shiny Object Syndrome)… Burger Mentality – they want it their way right away and if something doesn't work immediately in what they bought they complain and go to the next shiny object

  4. What my beloved human succeed the business million to millions developed if they which business develop the same business can some period only . Why same company near by others established then business turnover reduced then you change the itom now try you best level . .

  5. I love this guy. He has just explained in 15 minutes what a lot of people couldn't understand in 4 years of college. Thank you.

  6. Maybe some people like to mow the lawn and do everyday things, maybe it gives some people some good. I don't think you understand the value of anything other than money. Dan Lok seems like a very arrogant man who loves money too much.

    Cynical money-loving people there are plenty of out in this world.

  7. Mown his lawn is the priceless entertainment, reminds his young age with his wife. Which is priceless. If time is priceless asset, for him mowing his lawn is his priceless entertainment. You don't understand this? Poor you

  8. So true I hate ppl who wasted my time as I’ve been near death before 6yrs ago when I was diagnosed with dengue disease waiting for my red cell to be eaten up by the germs, totally agree when you said you can buy money but at the point of time I don’t have anything else but left time of survival on the bed of death only then I realise money isn’t everything by Gods grace I was saved then now I won’t anyhow waste my time it’s the most precious thing to me now

  9. I wish if I could click on like as many times as I hear your every precious advice words. It is soooo useful. You are very wise Man Dan. I like to send you greetings from Nepal.

  10. Expense clothes, shoes poor people buy, not the rich people, they read, and dont spend a lot of clothes after they have invested in the companies lol

  11. First, Thank You Mr. Dan Lok for making this video. I enjoy it.
    On my point, one thing rich people buy is good quality food, poor people buys what they can, meaning that good food routine give your body a better working performmance, and if you r eating bad your body feel tired mental and physically ( here my point, less power in the brain, less thinking)
    Thank you.

  12. Poor buys 4 ,5 stars hotel holidays and exotic traveling . They don't even know the beauty of they country's

  13. Thanks for this videos. Now im starting my small little business here. And im earning well. Thanks for the tips. Godbless!

  14. buy a lot of houses, one near the work, one for the summer vacation near the beach, one in the country side, one for their children.. a lot of fancy clothes to look rich, a lot of gadgets, new phones, a nice car. they dont spend a cent on their self improvement, no assessts..

  15. Hey Mr. Dan I'm beginning to idolized you, I've learn a lot hope I can apply it real world, so I can buy MORE TIME.

  16. Heard about a life story about a person who was really poor. He worked his way up in business (Selling kitchen products, Amazon, e-com). He said that when he had lots of money he never bought a luxury item. He thought he help other people by doing classes. He taught other people. He one time met a person financially struggling, he needed over 30 grand to grow his business. He looked into his statistics and so he became partners with him. So he gave the man 30 grand and asked for 50 percent profit. He has over 20 company CEOs and is a millionaire.

  17. Thanks so much for your concern about our lives I'm an African living here in Italy each time I listen to you I always feel blessed my problem is that I want some information about real estate investment thanks so much sir

  18. There is one thing the poor buy. They buy bad luck, aka gambling. In the long term the house makes a living, zero sum game therefore the poor must lose therefore they buy bad luck.

  19. Sometimes people have the time so they decide to mow the grass, plant there own garden, walk the dog. People find that it soothing.

  20. 'Investing in real estate' aka speculating on basic human needs. Toxic rent seeking only to get a bigger slice of the pie for yourself VS acutally growing the pie.

  21. Ok nice video but everyone kinda know this, trick is investing money into right assets, because you also can lost everything.

  22. At 71 years old I can't say I am much interested in martial arts but I enjoyed this very much because to me it shows how much you have learned

  23. Poor people love buying the latest phone, games, TVs and most of all there spending more then what they bring in..

    I love it how people tell me I need a better phone for my self.. I paused and said I choose pleasure later not in the now because I working my ass off so can get where I want to be life for my self…

    I'm sounding my self with people that are in there 30s, 40s, 50, year old millionaire's and they have made it..

    There tell me what they did wrong so I don't make the unnecessary mistakes.. So I have a cheat sheet..

    Everything about your video's is so accurate.. Keep it up with the great work ethic. 🙂

  24. Take time everyday to say thank-you to your Creator. That's one thing you must do. People are assets. Working hard is an asset. Honesty is an asset. Seeking advice is an asset. Improving yourself is an asset. I've made a commitment to getting out of debt by watching videos like this. Thank-you.

  25. You see you are trying to make people understand to become rich and the CAR maker Bentley is using you as their advertisements source. You are using their name in your video promotion. 😂

  26. China is not a place for buying assets as the investment. I did read <Rich Dad, Poor Dad> and sadly those stuff don’t work at all in China. Since I am in China, so what can I do? I’ve been spending a lot of my income on books and time reading them and I believe that that is a part of the investment. But truly, this way will not lead me to be a rich man. That I want to be a rich doesn’t means I am born to be rich. Character matters really. Someone better to know his place, right? Especially when they are in China, with no rich families and the fucking connections… 🙂

  27. Poor and middle class spend money on getting more and more degrees thinking they will make them more money. Rich people spend money on acquiring new skills and not qualifications. Who agrees with me?

  28. Poor /middle class ppl buy funeral plots. Rich ppl or their aries ship relative to old folks home until they die then instead of putting them in family plots they tell other member of the family to put the person in their plot. True story happened in my family with relative nephew who has lots of money.

  29. That is why I effin hate late people. They just show that they don’t effin care about other people’s time.

    Thanks for this video Dan. Ive been watching your videos for a while now. And Ive been learning a lot.

  30. rich people r multitasking ,poor people step by step so,we only have 24 hour a day /3 ,8 hs sleep,8hs do your own thing,8 hs struggle for living .then do your time accordingly.

  31. Robert K knowledge expanded excellent example of a student of investing becoming the teacher! A+ BLESSINGS TO YOU AND YOUR FAMILY

  32. Assets = self sufficient cashflow/investment capital producers
    Love what you are saying about time wasters, oh my goodness! You made a light go on! Thank you
    I love finding ideas that create internal rate of return…. Set it and forget it! Those ideas that perpetually provide is the only way to make up for lost time and give me breathing room to test more ideas that could lead to additional success.

  33. Amazing. I really had to think about this idea because it was confusing at the beginning. Yeah, it‘s true. I never really deeply thought about buying access. All I bought was liability. Today I got some new ideas what access means. And also how I could built some. Rich people like you, Dan, have so many ideas I never even thought about. It confuses my mind and also opens up new possibilities.

  34. You got informative videos but I like to point out regarding what you said about wasted minutes. In society you are going to come across a situation where you are going to have to wait. How would you react in such a situation.

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