Why Going Broke Is Only For Poor People - How Money Works | How Money Works

Why Going Broke Is Only For Poor People - How Money Works Get access to a totally free high quality newsletter every morning by signing up to The Daily Upside at https://bit.ly/386hAzi Sign up for my newsletter https://compoundeddaily.com 👈 Rappers, boxers and even former presidents have all gone bankrupt at one point or another and yet, outwardly, it looks like nothing has changed for them. Worse still there are people like Jordan Belfort who have been forced into bankruptcy because of the criminal nature of their fortunes, yet today are still living lives that you or I could only dream of. So what gives? Are the rules different for the rich even when they are going broke? Or is this just another example of rich people using their army of lawyers to get out of taking responsibility. Well, believe it or not it’s actually so much worse than that. ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound Stock footage by Storyblocks Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - -------- ------------ Keywords: mortgage crisis, real estate crisis, economic trends, personal finance, economy podcast, gig economy Learn more about your ad choices. Visit megaphone.fm/adchoices