WHAT POOR PEOPLE BUY THAT RICH PEOPLE AVOID 1. Status purchases with borrowed money Many people go into debt to look wealthy. Truly wealthy people often focus more on assets than appearances. 2. Expensive liabilities A car, phone, or gadget isn't always an asset. If it constantly takes money out of your pocket, it's a liability. 3. Things they can't afford to maintain Buying is easy. Maintaining is the hard part. Rich people calculate the long-term cost before purchasing. 4. Lottery tickets as a financial plan Hope isn't a strategy. Wealth is usually built through consistent saving, investing, and earning. 5. Constant upgrades A new phone every year. New clothes every month. Wealthy people often use things longer than you'd expect. 6. Trends they don't understand Many people buy because others are buying. Rich people tend to research before spending. 7. Instant gratification Poor spending habits prioritize today's pleasure over tomorrow's freedom. The lesson? The difference isn't usually income—it's often how money is managed. What would you add to this list? 👇
