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It took me 20 years of trial and error before I was able to earn millions of dollars. I am now 64 years old I earn from the 18 companies I started and the 12,000 apartments I own.

But I wish I had known sooner how much super rich people think about money. In my investment career, I have come into contact with many millionaires and spent years observing their habits.

Here’s what they do differently:

1. They don’t multiply their investments immediately.

Generally, it is good to diversify your portfolio by investing in different stocks, funds and other investments.

But when super-rich people build their net worth, they often get involved in their own projects, and diverge as they earn more.

For example, Elon Musk spent $22 million to sell his first company, Zip2, an online business directory. His next venture is an online banking service called X.com.

After X.com merged with PayPal, it took a $180 million discount from PayPal’s sale to eBay. This gave him money to invest in Tesla, SpaceX and other ventures.

2. They know that debt is for businesses, not people.

As I built my net worth, I didn’t accumulate debt on non-essential purchases like designer clothes or luxury homes.

Even if I can afford the bills, I don’t want to waste money paying interest. Instead, I wanted to make all the extra money I could. For me, putting my income into my business.

I also paid cash for my house, and never accrued interest on a credit card.

In some cases, if you’re trying to build a business, debt can help you get cash quickly by giving you access to income-generating assets.

3. Home ownership is not always their first investment.

You might think that buying a first-class home is the American dream, but it’s rare to see the wealthy go first.

In my opinion, home ownership doesn’t always see the same return on investment as other places you could put your money. I have three houses, but I won’t buy them until I can afford them with cash.

4. Instead of cash flow, real estate is a place to save and grow money.

On the flip side, cash flow real estate — commercial real estate where you earn a monthly profit after mortgage payments, property taxes and maintenance — is a great way to grow your money.

You can generate passive income by owning these properties, and it’s often easier to sell them than a primary residence. When selling a primary residence, you need to find a buyer who can imagine living there. When selling a profitable rental property, you should only find a buyer who wants to make a profit.

5. Always buy in bulk.

Wealthy people are willing to spend more on each purchase to get better value per unit and save time repeating useless tasks.

This can be applied to business – the rich to buy bulk goods or equipment – or it can be contracted for your personal life. When I can, I buy everything in bulk without an expiration date.

6. They invest in the network.

A stranger has never invested in me. And most of the real estate I own today was purchased from sellers who chose me over other qualified buyers because we had an existing relationship and they had confidence in my closing skills.

The more someone knows, the more they trust you and believe in your skills and abilities. This leads to better opportunities, faster decision making and higher margins.

So invest time and resources in creating and maintaining the right relationships.

7. You are never satisfied.

One of my friends, a serial CEO, has worked with some of the richest people in the world.

I once asked him what they had in common and he said: “None of them are satisfied with what they have In advance Done, but instead focus on the next thing can run out”

Rich people are never satisfied with their past success. They always believe they can achieve more. This helps them think big about future business ideas, innovations, investments and other wealth multipliers.

8. They don’t waste time trying to do everything themselves.

I quit my $35k job to grow my side hustle - now grossing $141 million a year

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