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The First Thing to Do When Building Your Wealth / Episode 3
Your First Million is on the Way with Douglas Vermeeren
English - November 26, 2018 17:00 - 11 minutes - 8.88 MBCareers Business Investing business douglasvermeeren dougvermeeren entrepreneurship finance lawofattraction millionaire money personalfinance richdad Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ego: One of the Biggest Destructors of Business / Episode 2
If you're trying to save your way to wealth, it will never work. That was Doug's big "AHA!!!" moment earlier in his life. He realized he needed to multiply his money, not slowly add it up. You buy your way to wealth; wealth is made by making correct purchases. The important part of that is the "correct purchases" part, and Doug explains what that means, and why cash flow and opportunity costs are critical.
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