Two days ago, I had an eye-opening discussion with a wealthy man. He shared how he recently sold a property he never planned to sell, all because the opportunity presented itself. As we spoke, I realized something profound:
Many of us are not broke because we aren’t earning enough. We’re broke because no one has taught us the secret of buying and selling.
What Are You Buying?
Let’s get real: You’ve been earning money this year, but do you know what you’re buying? Do you know how to sell effectively?
Every time you spend money, time, energy, or attention, you’re buying something. The question is: Are you buying an asset or a liability?
- Assets generate income and make you richer over time.
- Liabilities drain money, time, and energy, leaving you poorer.
The problem? Society teaches us to chase liabilities. We spend money to look rich instead of focusing on things that actually create wealth.
Why You Stay Broke
You stay broke because of two things:
- You buy things that can’t be sold or don’t grow in value.
- You spend your time, energy, and resources on things that don’t create value.
I’ve shared this story before: When I started making money, I faced a choice. I could buy a luxury car or invest in something meaningful. I chose to buy a bus for an ITC business.
That bus didn’t just bring me income—it multiplied my earnings and taught me a life-changing lesson:
Buy assets first; the luxury can wait until the assets can pay for it.
The Two Rules of Wealthy People
If you observe wealthy people, you’ll notice they follow two simple rules:
- They spend on assets, not liabilities.
They prioritize investments that grow their money, time, and energy over things that shrink it. - They consistently sell value.
Wealthy people understand that everything in life is up for sale—except their family.
They’ve mastered the art of buying and selling:
- They buy assets that grow their wealth.
- They sell value through products, services, or skills.
- They market, negotiate, and close deals that multiply their income.
- They think long-term, always considering how today’s choices will shape tomorrow’s results.
How to Break Free
Next time you spend money, time, or energy, ask yourself:
- Is this helping me grow or taking from me?
- Can I turn this into something that generates income or value?
If you keep buying liabilities, you’ll always feel broke. But when you focus on assets and learn how to sell value, wealth will follow.
Final Thoughts
Wealth isn’t just about earning more—it’s about making intentional choices. Buy things that grow in value. Sell things that create value for others.
I’m still your favorite Billionaire Mechanic, buying intentionally and selling effectively. Now you get the point, right?
Let’s make better choices today for a wealthier tomorrow.