Concepts and principles help us understand how the world works. Any pursuit in life is based on a few fundamental ideas. For example, theory and experiment have been the two pillars of science for centuries. Innovations, medical breakthroughs, and so forth have been made through a theory and a series of experiments.

It’s the same for #wealth building and getting #rich. And I’ve identified the five pillars that wealthy people rely on to responsibly build wealth. You’ll see these concepts everywhere personal wealth is created.

Sign up for my FREE course, Wealth Strategies, here: http://dariusforoux.com/wealth-strategies
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Timestamps:
00:00 Five pillars of wealth
00:20 Theory and Experiment
00:53 Pillar One: Self-Investing
01:27 Definition of Wealth: Plentiful Supply of a particular desirable thing
01:40 One of the most desirable things in the modern world
02:34 Stephen Covey: "Be patient with yourself. Self-growth is tender; It is holy ground. There is no greater investment"
02:59 Pillar Two: Income Generation
03:30 Why people usually skip Pillars 1 & 2
04:12 Pillar Three: Asset Investing
05:17 A good investing strategy
05:43 Pillar Four: Asset Protection
06:00 Financial laws and paying taxes
06:43 Pillar Five: Capital Allocation
07:12 How major investors allocate capital
07:56 A harsh piece of advice
08:32 Free Course: Wealth Strategies - Specific strategies I used to become financially independent
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Other videos on building wealth:

The Power of Compounding: https://youtu.be/lGPu078iXjw

Stop Chasing Money and Do This Instead: https://youtu.be/Wo28Pg_GAi0

Skill Stacking: These 5 Skills Increase Your Odds Of Career Success: https://youtu.be/o528YDGb37w
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Resources and links:

The 5 Pillars of Wealth Building: https://dariusforoux.com/five-pillars-of-wealth-building/

The Stoic Path to Wealth: An ancient investing strategy for the modern world: https://dariusforoux.com/stoic-path-to-wealth/

How Do People Become Wealthy? 2 Case Studies: https://dariusforoux.com/wealthy/
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Want to improve your life and career? Get more content here: https://dariusforoux.com​

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