Building Your Money Machine 7 Assets Rich People Never Buy And The Poor Always Do
Welcome to another actionable episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on a topic that quietly separates the wealthy from everyone else: the assets you choose not to buy. We’ve all been taught that wealth is about earning more and investing harder, but after three decades as a CPA and money mentor—and having walked this road personally—I can tell you, true wealth has just as much to do with avoiding costly mistakes as it does with seizing the right opportunities.
In this episode, I break down seven assets that the rich almost never touch—but unfortunately, the poor and middle class often do. You’ll hear why these things look so attractive, how they’re cleverly marketed, and why saying “no” to these sneaky traps can be the difference between financial struggle and financial freedom. I’ll show you how every asset you buy either gives you more options or quietly takes them away—and how you can avoid self-inflicted money wounds that sabotage your future.
I'll introduce you to my Lifestyle Cost Calculator so you can truly master your lifestyle expenses.
IN TODAY’S EPISODE, I DISCUSS:
- The 7 assets wealthy people almost never buy
- Why buying luxuries with debt is simply borrowing from your future
- The truth about timeshares, high-fee annuities
- When to buy rental property so you can survive the bumps that others don’t see coming
- The dangers of starting ego businesses with money you can’t afford to lose
- How illiquid investments destroy your ability to pivot when life happens
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- Once You Get Rich, Change These 6 Things Immediately
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- How Much Money Do You Actually Need to Be Rich in 2026: https://youtu.be/85I0KQmX9PM
- Psychology of People Who Act Poor When They're Rich: https://youtu.be/KpZEuniVbwk
- I Met 400+ Millionaires - This is what I LEARNED: https://youtu.be/EwQtlsle45Y
- Once You Get Rich, Change These 6 Things Immediately: https://youtu.be/exgaT-fho5M
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