What is the First thing Rich People Buy?

What is the First thing Rich people Buy?

Have you ever think that, What is the first thing that Rich People Buy before buying anything else? Well, The Answer is – Assets.

Yes, It’s not the Car.

It’s not the Branded Clothes and Watches.

It’s not the Country House or Golf Club Membership.

It’s the Asset.

Asset is something which puts money into your pocket. The Examples of Assets are Stocks, Bonds, Gold, Real Estate, Mutual Fund, Businesses, Online Properties, Art, Antiques, Intellectual Properties and many others.

Rich people start buying Assets since very early life and they keep accumulating assets over the time. They don’t buy anything else except the Assets for first few decades of their life. And later on one day comes when their Asset size becomes so huge that, it starts throwing sufficient cash that can cover all the possible expenses of rich and from that day they start buying luxurious and status symbols.

While the middle class people buy all the status symbols and luxurious items first, goes into deep debt and one day when they wake up in the morning, they find themselves in a deep debt up to their eyeballs and from that day they can’t stop working.

The key to become rich and stay rich is that, you buy Assets first. You first accumulate assets in your life and wait until it grows. And once it grows sufficiently, it will cover all of your expenses. This is how the rich play the game of money.