Only 4% of poor people become rich, why is it so hard? With Tom Corley

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  • čas přidán 26. 08. 2024

Komentáře • 72

  • @MichaelYardney
    @MichaelYardney  Před měsícem +2

    Have you ever wondered why the rich keep getting richer, and the poor can't catch up?
    That's what Tom Corley and I discuss today

    • @emp731
      @emp731 Před měsícem

      It is called ladder climbing..Just like the popular kids at school all trying to climb the ladder. But where are they now???Rehab..

    • @williamcrossan9333
      @williamcrossan9333 Před měsícem

      I think it's by design. But, and this is important, you also need to ensure that the poor THINK they will be rich one day. And they are just temporarily poor.

  • @theycallmebruce69
    @theycallmebruce69 Před měsícem +2

    My father died young I was 5 and then grew up in a housing commission home. I'm a high school drop out only completing year nine. I'm now nearly 50 and own so many properties with my wife. Its all about attitude we also started $50000 behind as my wife had a bad business debt and that's when you could by a house for $60 000 to $70 000 so it was a lot of money. I never listened to the negative people such as " you will never get there or you can't do that" and was always positive and we never complained about money, I think my biggest driver is to be free as I value time as the greatest commodity in the world , free to do what I want when I want. I agree with what Michael says at the end of this, enjoy your time and live in the moment and appreciate what you have and not what you don't have , some of my greatest times was when I had nothing. My mum used to say your health is the most important thing and I say love wins.

    • @emp731
      @emp731 Před měsícem

      Well that's good for you..but you are not free to do what you want..So stop talking as if you battled you way through life and came out on top like a champion..it's not about you

    • @MichaelYardney
      @MichaelYardney  Před měsícem +1

      @@emp731 you are such a rude person!!! Why not give the gentleman credit for what he's done? Just because you can't do it, just because you lost money when you invested doesn't mean others shouldn't asspire to live it better life.

    • @MichaelYardney
      @MichaelYardney  Před měsícem

      @theycallmebruce69 well done! Unfortunately, you'll find a number of negative people leaving comments here and then wondering why the world is against them

    • @theycallmebruce69
      @theycallmebruce69 Před měsícem

      @@MichaelYardney Hi Michael , Thank you for your support , my story was meant to inspire . The only thing Negative People do is drive me more. Keep up the good work as I love your interviews.

    • @emp731
      @emp731 Před měsícem

      @@theycallmebruce69 I am inspired by people who think that reached the top by going along with it all. It's Despicable. And weak. Only makes me stronger.

  • @trythis2821
    @trythis2821 Před měsícem +1

    Terrific, I agree with everything said. I am guilty of watching too many CZcams videos. Ones like this are obviously very positive.

    • @emp731
      @emp731 Před měsícem

      Yes just be positive and pretend everything is ok

    • @MichaelYardney
      @MichaelYardney  Před měsícem

      @trythis2821 thanks for listening to our podcast

    • @MichaelYardney
      @MichaelYardney  Před měsícem +1

      @emp731 it's interesting to see that you're not busy at work during the day. Instead, you are. trolling on the Internet have you ever wondered why you can't climb up the runs of the wealthy?

    • @trythis2821
      @trythis2821 Před měsícem

      @@MichaelYardney I'm multitasking 😀

    • @emp731
      @emp731 Před měsícem

      ​@@MichaelYardneyIt never rains does it? Show's you never had a job...Never built a house not even One have you? So shooosh 🤫

  • @CookieMonster-wy4qb
    @CookieMonster-wy4qb Před měsícem +2

    Excellent Michael Excellent

    • @MichaelYardney
      @MichaelYardney  Před měsícem

      @CookieMonster-wy4qb Thanks

    • @emp731
      @emp731 Před měsícem

      Which part?

    • @MichaelYardney
      @MichaelYardney  Před měsícem

      @emp731 you would know if you took the trouble to listen to it

    • @CookieMonster-wy4qb
      @CookieMonster-wy4qb Před měsícem

      @@MichaelYardney don’t give the cockroach any oxygen Michael

    • @emp731
      @emp731 Před měsícem

      ​@@MichaelYardneythat's the problem Michael.. Been listening too much to other people who think they know..I listen to myself..

  • @emp731
    @emp731 Před měsícem +1

    Because it's difficult by design

    • @MichaelYardney
      @MichaelYardney  Před měsícem +1

      @emp731 if you took the trouble to listen, you would know the real answer

    • @emp731
      @emp731 Před měsícem

      ​@@MichaelYardneyyou don't have answer's Michael..only God almighty has the answers..Not you..

    • @williamcrossan9333
      @williamcrossan9333 Před měsícem

      I agree!

  • @edwin5419
    @edwin5419 Před měsícem

    There's a big gap to that bottom rung, but once you get there, it becomes logarithmically easier to keep climbing. Most people look at that bottom rung, think "I'll never get there" and give up

    • @edwin5419
      @edwin5419 Před měsícem

      By way of example, it took my wife & I 10 years to save 250k for a deposit, but 2 years to double that with equity. Looking back would we do those first 10 years differently? Absolutely, but if you don't know you don't know, you don't know to even look. That's why podcasts like this are so fundamentally important.

    • @MichaelYardney
      @MichaelYardney  Před měsícem +1

      @edwin5419 thanks for listening and your inspirational comment

    • @emp731
      @emp731 Před měsícem

      Some people need 'stuff'' to justify their existence...Take their stuff away and they no longer exist. Their stuff and their lives were intermingled. Thats sad.

    • @edwin5419
      @edwin5419 Před měsícem

      @@emp731 and some people need to cleanse themselves of all Earthly possessions in order to feel holier than everyone else. To each their own

    • @emp731
      @emp731 Před měsícem

      @@edwin5419 But it's NOT each to their OWN is it?? Is that what you told yourself when you took the jabs?

  • @StamatisSkiadas
    @StamatisSkiadas Před měsícem

    This is a good perhaps even inspirational episode

    • @MichaelYardney
      @MichaelYardney  Před měsícem

      @StamatisSkiadas thanks for listening to our podcast

    • @emp731
      @emp731 Před měsícem

      Which part?

  • @jetpark3743
    @jetpark3743 Před měsícem +1

    This is eastern mindset as well, this is why Indians and chinese and jews are success driven

    • @emp731
      @emp731 Před měsícem

      They are not Aussies tho are they..

    • @MichaelYardney
      @MichaelYardney  Před měsícem +1

      @@emp731 the answer is that Aussie also. Your forefathers would've come from a different country many years ago or are you aboriginal?

    • @emp731
      @emp731 Před měsícem

      @@MichaelYardney Did aboriginals create Australia??When people first arrived from other countries was there cities ,highways,electricity,hospitals ready to go was there?

    • @emp731
      @emp731 Před měsícem

      @@MichaelYardney Don't try that bs with me Michael..The gov is looking after migrants better than it's own people.I am a proud aussie my ancestors built this country. And guess what,your political agenda is not taking it over.

    • @MichaelYardney
      @MichaelYardney  Před měsícem +2

      @emp731 but your ancestors were also migrants - where would you be if they were not allowed in Australia when they came?