Predict Millionaire? - How to spot Fake Rich

In this day of social media it is very easy to get the wrong idea of what wealth really looks like.

In this photo is the rapper 50 cent. Later he told the bankruptcy courts that the money displayed in the photo were bundles of fake $100 bills. which is pretty accurate. Those who are wealthy do not do deals in cash. Nor do they keep it around like this. That's just not smart money management. (And besides no one really does big deals in cash unless you are a drug dealer anyways. 100% fiction.) Large displays of cash like this is almost always a sign of fake rich. The same can be said of displays of exotic cars, private planes or expensive experiences. There laity is the rich don't generally post those things on social media. They are rich and they don't care what other people think and they are not trying to win approval. They already have the wealth. They don't need to sell you on the idea that they are wealthy.

Side note: Now some of you may point out that rich people they know occasionally do post pictures of their lifestyle or cars online. I have even done it. But the reality is that our reasons for doing it are not to prove anything. It's just sharing our life. So be sure to read the context of the share. But one thing is for sure we will never have that much cash laying around, nor would we ever post about it.

In this second photo you'll see more how wealth travels.

These are certificates represneting assets and investments.

These particular ones are my own from several REIT investments. It's important that if you are going to create wealth that you understand what it really looks like. Really money travels electronically, through investment certificates, titles to assets or another standardized financial instrument.

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