Rich people talk about money openly, while it's often considered taboo for the middle and lower classes, which creates an information asymmetry that benefits the wealthy.

To build wealth, focus on becoming an owner rather than just an earner. Invest in assets that appreciate over time, and leverage those assets to create more wealth.

The majority of wealthy people are kind, generous, and civic-minded, as they understand the importance of building relationships and allies.

Most people struggle with the discipline to invest their money instead of spending it all, which is crucial for building wealth through compound interest.

Taxes can be a complex issue in angel investing, especially when there's an exit, as it often involves installment sales and determining your basis.

Investing in yourself and taking risks to build things aligned with your unique talents is a meaningful way to use wealth.

Hiring individuals who are already wealthy can be risky, as they may not be as motivated during tough times. It's important to build a team that is committed and invested in the success of the company, rather than those who might easily walk away when challenges arise.

Having wealth is not about being rich; it's about the trust society places in you to manage resources effectively for the greater good.

Real estate can be a good investment due to its tax advantages, but it's important to ensure that your mortgage payment doesn't exceed 40% of your income to avoid financial stress.