Buy ownership shares in the beer company instead just drinking the beer. Think about buying car company’s stock instead of buying the new car. Dividend paying stocks from great companies and rental property in prime locations are great examples of assets that produce income. Repeat this process and you will eventually become rich. Buy assets that produce income, take that money and purchase more income producing assets. Get rich first and you can always enjoy the luxury later. Many people just want attention and popularity, but rich people just are focused on the money and freedom. A rich person can pretend to be poor forever, but a poor person cannot pretend to be rich for long. Don’t fall into the trap of pretending to be rich. Once the average person begins to earn a decent income, the first thing they do is go and buy and new car, designer clothes and a big house that has more space than they need. No matter how much money you make, you must spend less than you earn.ĭon’t be in such a rush to look successful. Living below your means and investing your extra income is how you build wealth. The poor stay poor because they spend like they are rich. The rich stay rich because they spend like they are poor. They are more focused on looking rich instead of becoming rich. Most people never become wealthy because they waste too much money on buying symbols of success that depreciate. The goal is to become rich, not to look rich.