Dan Martell - April 09, 2024


The Difference Between Poor People and Wealthy People


Episode Stats


Length

34 seconds

Words per minute

211.82549

Word count

123

Sentence count

7

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Poor people use money to consume it. Wealthy people use it to create it. That's the big difference between poor people and wealthy people. Poor people spend their money on debt, new stuff, trips, cars, etc. The wealthy person uses their money to work for them.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Poor people get money and they start calculating 0.98
00:00:02.560 debt they could pay off,
00:00:03.980 the new furniture they could buy,
00:00:05.400 the trips they can go on,
00:00:06.640 the new car they could lease, et cetera.
00:00:08.220 They essentially spent the million dollars
00:00:10.020 before it's even finished the wire transfer.
00:00:12.500 The wealthy person doesn't rush
00:00:14.400 to do anything with the money
00:00:15.680 and starts considering based on their allocation
00:00:18.280 in their portfolio,
00:00:19.240 where can I get the best return
00:00:20.640 that makes the most sense for the long term?
00:00:22.560 They don't think of acquiring more stuff.
00:00:24.760 They think about it working for them.
00:00:26.840 Poor people use money to consume.
00:00:28.920 Wealthy people use money to create more money.
00:00:31.560 That is the big difference between poor people and wealthy people.