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 buyWhy buying luxuries with debt is simply borrowing from your futureThe truth about timeshares, high-fee annuitiesWhen to buy rental property so you can survive the bumps that others don’t see comingThe dangers of starting ego businesses with money you can’t afford to loseHow illiquid investments destroy your ability to pivot when life happensRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/How Much Money Do You Actually Need to Be Rich in 2026Psychology of People Who Act Poor When They're RichI Met 400+ Millionaires - This is what I LEARNEDOnce You Get Rich, Change These 6 Things Immediately12 Unsexy Habits That Made Me Serious MoneyRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:How Much Money Do You Actually Need to Be Rich in 2026: https://youtu.be/85I0KQmX9PMPsychology of People Who Act Poor When They're Rich: https://youtu.be/KpZEuniVbwkI Met 400+ Millionaires - This is what I LEARNED: https://youtu.be/EwQtlsle45YOnce You Get Rich, Change These 6 Things Immediately: https://youtu.be/exgaT-fho5MORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com