@myodpodcast: BUY ASSETS BEFORE YOUR LIFESTYLE BUYS YOU If every pay rise increases your expenses, you may never become free. More money enters your account. So you upgrade your car. Move into a more expensive home. Add more subscriptions. Increase your monthly commitments. And before long, your new income feels exactly like your old income. This is lifestyle inflation. It quietly absorbs every financial improvement you make. Buying assets first creates a different cycle. Your income buys an asset. The asset produces value or income. That additional value helps you acquire more assets. Over time, your money begins doing more of the work. You do not need to avoid every liability. Some are necessary, and some improve your quality of life. The goal is simply to avoid becoming owned by the things you purchased. Buy assets before increasing your lifestyle, not after your lifestyle has consumed everything. Save this before your next major purchase. What asset are you currently working towards acquiring? Watch the full episode on YouTube through the link in my bio.
