Rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them.
Financial leverage is the advantage the rich have over the poor and middle class.
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Self-discipline is the No. 1 delineating factor between the rich, the middle class and the poor.
The rich are those who play to win. The middle class plays not to lose.
One of the reasons the rich get richer, the poor get poorer and the middle class struggles in debt is because the subject of money is taught at home, not at school.
The poor and the middle class work for money. The rich have money work for them.
The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. The decision is up to you.
Inside each of you is a rich person, a poor person & a middle class person. It is up to you to decide which person you become.
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