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How the Ultra-Rich Invest Their Wealth To Be Rich Forever! | Eye Opening Interview with @AbhishekKar

The Raavya Sarda Podcast (TRSP)・85 minutes read

The wealthy prioritize strategic investments like super yachts, art, and gold/silver to maintain privacy and wealth preservation, focusing on long-term gains over traditional assets. They underscore the value of time, efficiency in processes, and strategic mindset for financial success, opting for simplicity in attire and utilizing specialized professionals to manage wealth and navigate legal complexities.

Insights

  • Wealthy individuals prioritize privacy and convenience, often investing in super yachts for conducting high-level business deals and meetings discreetly.
  • Strategic financial decisions by the rich focus on long-term gains, unconventional investments like art, and diversification in assets like gold and silver for wealth preservation.
  • Billionaires adopt a low-key approach to display wealth, emphasizing impact over extravagance in attire, utilizing trust structures and specialized advisors for asset protection, and avoiding flaunting wealth on social media to maintain a low profile.

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Recent questions

  • Why do the wealthy invest in super yachts?

    For the wealthy, investing in super yachts offers a combination of privacy, luxury, and accessibility. These large ships provide a secluded environment for conducting high-level business deals and meetings away from the public eye. Additionally, super yachts serve as a status symbol, showcasing the owner's wealth and success. The convenience of having a mobile luxury residence that can travel to various destinations is also appealing to the rich, allowing them to enjoy leisure activities while maintaining a sense of exclusivity and control over their environment.

  • How do the rich preserve wealth through art investments?

    Wealthy individuals often choose to invest in art due to its non-depreciating value and ease of transfer. Art pieces can retain or increase in value over time, making them a stable asset for preserving wealth. Additionally, the transfer of art is relatively straightforward compared to other investments, as it does not involve complex transactions or market fluctuations. By diversifying their portfolios with art investments, the rich can safeguard their wealth while enjoying the aesthetic and cultural value that art pieces offer.

  • What financial strategies do the rich prioritize?

    The wealthy focus on unconventional financial strategies that go beyond traditional investments. They emphasize long-term gains, strategic positioning, and foresight in their financial decisions. By thinking strategically and looking for opportunities beyond the mainstream market trends, the rich aim to maximize their returns and secure their financial future. This approach involves a deep understanding of market indicators, time zones, and global economic shifts to make informed and calculated investment choices that align with their long-term goals.

  • Why do billionaires prioritize impact over showcasing wealth through clothing?

    Billionaires, particularly from India, prioritize impact over showcasing wealth through their clothing choices. Despite immense riches, these individuals opt for simplicity in attire to convey a sense of relatability and social relativity. By focusing on impact rather than extravagance, billionaires aim to earn respect and esteem from society, emphasizing their values and contributions over material possessions. This approach reflects a desire for self-actualization and societal recognition beyond superficial displays of wealth, aligning with Maslow's Theory of Needs and the pursuit of higher-level goals.

  • How do the wealthy safeguard their assets through strategic investments?

    The wealthy employ various strategies to safeguard their assets, including investing in tangible assets like gold and silver, utilizing trust structures and NGOs for tax incentives, and storing important documents in secure locations like mega yachts in the Cayman Islands. By diversifying their investments, leveraging legal entities for tax benefits, and strategically managing their wealth, the rich aim to protect their assets from potential risks and uncertainties. These strategic investments not only secure their financial well-being but also ensure the preservation and growth of their wealth for future generations.

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Summary

00:00

Wealthy's Unconventional Financial Strategies and Mindset

  • People nowadays buy super yachts instead of tea, emphasizing the luxury and status associated with these large ships.
  • Transferring large sums of money, like 500 million dollars, can be done through wire transfers online, which are traceable.
  • Investing in gold and silver for large transactions is also traceable due to the weight and visibility of the amount.
  • The rich often invest in super yachts for privacy and accessibility, enabling them to conduct high-level business deals and meetings.
  • Art investments are favored by the wealthy due to their non-depreciating value and ease of transfer for preserving wealth.
  • Keeping cash reserves, like the two billion dollars Warren Buffet holds, is a strategic move despite potential investment opportunities.
  • Buffet's long-term vision involves holding cash for significant market downturns, allowing for substantial returns when markets recover.
  • Rich individuals prioritize convenience and efficiency, like using private jets for quick and productive travel, saving time and enhancing business dealings.
  • The rich's financial strategies involve thinking beyond traditional investments, focusing on long-term gains and strategic positioning.
  • Understanding the mindset of the wealthy reveals a different approach to wealth accumulation, emphasizing foresight, strategic investments, and unconventional thinking.

13:24

"Time, Money, Efficiency, Wealth: London's Secrets"

  • Time is a crucial factor, with the value of time being emphasized in the text.
  • Saving money is highlighted through examples like choosing to shop at a mall to save Rs. 2 instead of getting rations locally.
  • The efficiency of processes is discussed, such as saving time and fuel by planning travel effectively.
  • The importance of valuing every minute is stressed, particularly by the wealthy who understand the significance of time.
  • Unethical methods of accumulating wealth are mentioned, with a focus on the secretive ways of the rich.
  • Investments in London are detailed, tracing back to historical events like the economic struggles during 1940-1945.
  • Setting up companies in London is contrasted with the lengthy process in India, highlighting the ease of business establishment in London.
  • The text delves into the intricate methods of money laundering and tax evasion, particularly through shell companies and complex acquisitions.
  • The involvement of oligarchs, especially Russian billionaires, in setting up shell companies and routing money through various channels is discussed.
  • Exclusive elite clubs like the Yellow Stone Club and the White Club in London are explored, shedding light on the secretive and influential nature of these establishments.

27:15

"Financial Strategies for Success and Growth"

  • Avoiding bankruptcy for a banker is crucial to prevent a domino effect on banks.
  • Simplifying financial concepts by adding multiple zeros to illustrate returns.
  • Investing in silver over gold due to potential higher returns in the future.
  • Preference for virtual gold like Gold ETFs to avoid theft and storage issues.
  • Importance of diversifying investments, including commercial assets and safe havens like gold and silver.
  • Strategic investment decisions based on market indicators and time zones, exemplified by New Zealand market.
  • Emphasizing the significance of mindset in financial success, contrasting common reactions to failure in different countries.
  • The mindset of millionaires versus billionaires, focusing on strategic equity stakes and risk-taking.
  • Prioritizing time as a valuable commodity, with a focus on maximizing earnings per hour.
  • Strategic clothing choices of successful individuals to minimize decision fatigue and maintain focus.

39:11

Billionaires prioritize impact over extravagant spending.

  • Mark Jacob Jo's customized clothes cost around Rs. 1 lakh per t-shirt.
  • The fabric and customization of the clothes prioritize comfort and ease of wear.
  • The richest people in the world, particularly from India, prioritize impact over showcasing wealth through clothing.
  • Maslow's Theory of Needs explains how these individuals have surpassed basic needs and focus on self-actualization.
  • Despite immense wealth, these individuals aim for respect and esteem rather than extravagant spending.
  • Status symbols like Rolex watches or Lamborghinis are not priorities for these billionaires.
  • The simplicity in their attire reflects a desire for relatability and social relativity.
  • The billionaires avoid flaunting wealth on social media and maintain a low profile.
  • Trust structures and NGOs are utilized for tax incentives and to safeguard wealth for future generations.
  • Specialized mentors, lawyers, and accountants are crucial for managing wealth and navigating legal complexities.

52:02

Global Wealth Protection Strategies and Influences

  • Big enforcement agencies can freeze assets, so trust in trust won't work; saving assets in places like mega yachts in the Cayman Islands is a strategy.
  • Mega yachts in the Cayman Islands serve as a loophole to safeguard assets, avoiding the need for trust; storing important documents and papers in such locations is crucial.
  • Public sector banks may not be reliable for asset protection; some individuals opt to store assets directly overseas, with papers inside being rented out.
  • Companies like Black Rock and Tencent dominate the global economy, with Black Rock's total assets worth a trillion dollars and Tencent's ETFs influencing stock market health.
  • Illuminati is believed to control significant aspects of the world, with rumors of clones of celebrities and secret operations; movies like "The Social Dilemma" and "The Big Bull" hint at such influences.
  • Illuminati's alleged control extends to celebrities like Katy Perry and Madonna, with visual cues in their performances suggesting affiliation; conspiracy theories and accidents surrounding exposure attempts add to the mystery.
  • Secret societies like Illuminati are rumored to manipulate global events, potentially causing wars or economic disruptions; the influence of such groups on world affairs is a subject of speculation.
  • Gender bias in corporate leadership is evident, with few women holding top positions despite proven capabilities; efforts to promote female leadership in major corporations are gradually increasing.
  • Societal pressures and responsibilities often deter women from pursuing careers after the age of 40, contributing to gender disparities in the workforce; historical shifts in cultural perceptions of women's roles are noted.
  • British colonial influence in India altered traditional gender roles, promoting allopathic medicine over Ayurveda and diminishing the status of women; societal norms and historical legacies impact gender dynamics in modern India.

01:07:20

"Empowering Women, Billionaires, and Pranayama in India"

  • Pranayama is a cultural practice that has been adopted and accepted in India.
  • The importance of emotional intelligence (EQ) over intellectual intelligence (IQ) in the corporate world is highlighted.
  • The rise of podcasts in India has led to increased awareness and consumption of audio content.
  • Inspirational figures like Rani Lakshmi Bai and Devi Ahilya Bai are recognized for their contributions.
  • The significance of empowering women in the corporate sector is emphasized.
  • Billionaires in India, such as Ambani and Adani, focus on renewable energy and solving industry problems.
  • Billionaires prioritize tax-saving strategies and reinvesting profits into their companies.
  • The difference in mindset between millionaires and billionaires is explained, with billionaires focusing on long-term industry transformation.
  • Salaried individuals are encouraged to invest in equity and consider starting side businesses to build wealth.
  • The potential for anyone to become successful by owning a business or investing in equity is highlighted.

01:20:51

"Strategic Investments for Wealth Building Success"

  • Emphasizes the importance of keeping cash liquid at home, suggesting that money should be invested strategically to generate more money and assets.
  • Advises on taking loans in a manner that safeguards assets and ensures the borrowed money is utilized to create income-generating opportunities.
  • Highlights the distinction between assets and liabilities, urging individuals to differentiate between needs and wants to make informed financial decisions.
  • Encourages building wealth through various income sources, including skills, freelancing, equity, and business ownership, while cautioning against wealth-driven comparisons and promoting continuous learning and knowledge acquisition.
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