ANCHORAGE, ALASKA (STL.News) – Get Rich Education Podcast Host Keith Weinhold and his show guests discuss why compound interest actually doesn’t build wealth. Financial leverage does. To get ahead, one does not focus on investing their own money. But rather, one ethically employs other people’s money to work for them.
Real estate investing is making more ordinary people wealthy than anything else today through cash flow, arbitrage, and the velocity of money.
This is the consensus among finance experts on the show, often challenging conventional wisdom. The popular podcast reached the 2.5 million listener download milestone today.
Grant Cardone, the World’s #1 Sales Trainer, revealed on Get Rich Education October 28, 2019 as a guest, that “I will never, ever pay off anything.” when discussing real estate debt.
Earlier this year, Robert Kiyosaki, the World’s #1 Personal Finance Author (“Rich Dad, Poor Dad”), stated that: “One should embrace good debt to build wealth.”
Show Host Keith Weinhold has stated “Financially-Free Beats Debt-Free” and has made it an enduring mantra.
Durable wealth creation is not “get rich quick”. It’s responsibly building passive income streams over time.
In a cash-flowing investment property, the owner’s debt payments are completely “outsourced” to tenants. That’s financial freedom. Being “debt-free” merely means that one doesn’t owe anyone anything, which says nothing about one’s income. Financial freedom is achieved when one’s passive income exceeds one’s expenses.
Weinhold has stated that, in general, middle class people invest only for a capital gain. The wealthy get their money to do multiple jobs simultaneously – relying upon tenants for income, the bank for leverage, and the government for generous tax incentives at scale.
The show’s success can be attributed to the mindset of not living below one’s means, but instead, expanding one’s means.
ABOUT SHOW HOST, KEITH WEINHOLD
Hosts One Of America’s Top Investing Shows, Get Rich Education
Forbes Real Estate Council Member, 2017-Present
Written work in: Forbes, Rich Dad Advisors
Active Real Estate Investor, 2002-Present
Author, Amazon #1 Best Seller, 7 Money Myths That Are Killing Your Wealth Potential