Making Money is the first pillar of wealth, and it entails maximizing your earning potential by raising your salary, creating various streams of revenue, and launching your own business. Greene relates his personal journey from being a police officer to becoming a successful real estate agent and investor, and how he used his abilities, connections, and drive to add value to the market. He also provides helpful advice on how to establish your expertise, scale your firm, and bargain your compensation.

The second pillar of wealth is saving money, which entails making and following a budget that enables you to spend less than you earn and save more of it. Greene highlights the distinction between good and bad debt as well as the proper use of debt to increase wealth. Additionally, he demonstrates how to monitor your spending, eliminate waste, and automate your savings.

The third pillar of wealth is investing money, which entails using your cash to build capital and generate passive income. Greene's favored strategy is real estate investing, and he demonstrates how to use the BRRRR process (Buy, Rehab, Rent, Refinance, Repeat) to obtain rental properties with little to no money down. Aside from those mentioned above, he also discusses crowdfunding, stocks, bonds, notes, and syndications.

The fourth pillar of wealth is protecting money, which entails lowering taxes and hazards through the use of legal maneuvers and insurance. By utilizing deductions, depreciation, 1031 exchanges, self-directed IRAs, and other strategies, Greene demonstrates how he may save thousands of dollars in taxes each year. Using corporations, trusts, and insurance policies, he also offers advice on how to shield your assets from lawsuits, creditors, and identity theft.

The ultimate goal of the four pillars of wealth is to become wealthy and to do so, you must replace your employment with passive income from your investments in order to Achieve Financial Freedom. Greene describes having more time, money, and options to live the life you desire as having financial freedom. He also motivates you to use your fortune for good by supporting your neighborhood and assisting others in achieving their financial objectives.

Pillars of Wealth is a thorough manual for anyone looking to learn how to earn more money, save more money, invest more money, and protect more money. It is based on Greene's personal experience as well as the insights he discovered from conducting podcast interviews with a large number of prosperous investors. You can apply the four pillars of wealth to your own position by using the book's many practical examples, case studies, recommendations, and other tools.

 

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