What Separates The Rich From The Poor And Middle Class - a podcast by Dan Lok

What really separates the rich from the poor and middle class? Is it money? Education? Location? Time?

The answer isn’t any of those things. I live in one of the most prestigious and expensive buildings in Vancouver and just about 10 minutes away is one of the poorest neighborhoods. We’re all in the same city, with the same 24 hours and same opportunity. So what really separates us?

I believe it’s one word: leverage.

Rich people use leverage and poor people don’t. Now there are many, many forms of leverage. Let’s first define it. Leverage is getting something done with less effort. Just like a lever, right? You’re using the least amount of effort to lift something very, very heavy. So what are some types of leverage you can use?

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