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Part 6: Billionaire Vivek Ramaswamy on How to Get Rich as an 18-Year-Old Today
Part 1: Vivek Ramaswamy on Climate Change: Way More People Die from Cold Temperatures
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Billionaire Vivek Ramaswamy emphasized his preference for stock investments over real estate and cryptocurrency. Ramaswamy highlighted that a substantial portion of his wealth stems from stocks, primarily due to his founding and leading roles in two companies, which generated significant equity value. He argues that stocks offer long-term appreciation and substantial returns, a viewpoint echoed by many wealthy individuals on the Forbes list.
Ramaswamy touched on the evolution of wealth management, noting a growing trend towards diversified portfolios that include a mix of stocks, bonds, and potentially small allocations in uncorrelated assets like Bitcoin. However, he maintains that cryptocurrencies should not dominate one's portfolio. Highlighting his journey, Ramaswamy differentiated between the "hired rich" and the "creative class," emphasizing that real wealth often comes from creating something new, which offers uncapped potential and favorable tax treatment. He stressed the importance of owning equity in ventures, a sentiment shared by icons like Elon Musk and Bill Gates, who also built immense wealth through innovation and equity appreciation.
Check out Vivek's new book Truths:
https://a.co/d/8hvzNdM
