She was excited to roll into her cousin’s driveway with her shiny new 2025 BMW.
The floating touch of the soft leather seat, the clutch of the wealth she felt as her hands gripped the steering wheel, the glowing smile spreading across her face, partly from the newfound feeling of prosperity but also from the joy she was about to experience in showing him what she’d purchased.
“What a nice car!” he proclaimed as she gave him the tour.
“Yeah, cuz, you can have one too.”
“Oh, really?”
“Yeah, I leased it for just $1,500 a month.”
“Oh, wow? Well, I appreciate the offer, but I think I’ll pass for now,” he said.
Thoughts swirled in his mind as he continued to look at the car and compliment his cousin on her new toy.
Thoughts from wealthy mentors who taught him how rich people buy things.
“Rich people,” they said, “don’t buy stuff the same way other folks do.”
He reflected on how the way this car was purchased didn’t seem to fit the pattern.
This was a story my friend Booker told on our Grow Rich Mastermind yesterday, and the second I heard it, I remembered something I learned from one of my wealth mentors.
I was living in a trailer home at the time, reading a book.
The author said, “I love cars, especially sports cars, but I don’t buy them the way normal people do.”
He then went on to tell the story of how he got one of his favorite cars. I think it was a Lamborghini (but it might have been a Corvette)—something like that, anyway.
The point is, he said:
“Rather than get a loan for the car, or even pay cash for the car, I’ll instead use that same money to buy an investment, and then use the profits from the investment to buy the car.”
“I still get the car, but now I have an asset that bought it for me, PLUS the value of the asset, PLUS the cash flow from the asset, PLUS the appreciation (continued increasing wealth) from the asset.”
To me, that seemed like a much smarter way to buy the things I wanted.
And that’s when I realized how rich people buy things.
And I also realized why they tend to keep getting richer—even when they buy things.
They have a plan for their money that includes one extra step other plans don’t have.
They simply buy investments that buy their stuff instead of directly buying the stuff.
A simple twist—a world of difference.
Thanks for reading, and all the best.
Paul
P.S. Do you like this strategy? Have you heard it before? I’d love to hear your thoughts below.
PPS: Are you new to my blog? Click here for a welcome gift. 🙂