Ever wonder why some people seem to get richer while others stay stuck? It’s because rich people know something most of us don’t—they buy assets, not liabilities. Let me explain. Liabilities are things that cost you money—like a fancy car or a big house. Sure, they look cool, but they keep draining your bank account.
On the other hand, assets are things that make you money—like real estate, stocks, or even a small business. I once spent too much money on a new car, thinking it would impress people. But it just ended up costing me with repairs, insurance, and gas. Meanwhile, my friend was buying rental properties that earned him money every month. I quickly realized that if I wanted to build real wealth, I needed to start buying things that worked for me, not against me.
So, here’s the twist: Buying an asset isn’t always about having tons of money—it’s about being smart with your choices. If you start small, even with one thing, you’ll be on your way to building wealth just like the rich people!
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