--- title: "Meaning & Key Takeaway of: Rich people buy assets, poor people buy…" description: "\"Rich people buy assets, poor people buy liabilities\" — Anonymous" image: "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg" --- # Rich people buy assets, poor people buy liabilities ![“Rich people buy assets, poor people buy liabilities” quote by Anonymous](https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg) [Download](https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg) [Open image](https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg) > “Rich people buy assets, poor people buy liabilities” [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Contrasts wealth building: wealthy invest in income‑generating assets, while the less affluent often acquire items that cost more than they earn. **In simple terms:** Buy assets, avoid liabilities. Key Takeaway Invest in income‑producing assets. Themes finance wealth investment Mood pragmatic motivational Type financial educational When to use this quote - personal finance - business planning - retirement Key Concepts asset building financial literacy Questions to Reflect On - What assets align with your risk tolerance? - How can you turn liabilities into assets? A Different Perspective Assets can be risky if not diversified. ★ ★ ★ ★ ★ No ratings yet [Poor people](https://sms4smile.com/quotes/about/poor-people/) [Rich people](https://sms4smile.com/quotes/about/rich-people/) ## Related quotes > [The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the middle class…](https://sms4smile.com/quotes/robert-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buys/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [“•​The rich buy assets. •​The poor only have expenses. •​The middle class buy liabilities they think are assets.”](https://sms4smile.com/quotes/robert-t-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buy/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets,](https://sms4smile.com/quotes/anonymous/rich-people-acquire-assets-the-poor-and-middle-class-acquire/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Debt is one person's liability, but another person's asset.](https://sms4smile.com/quotes/paul-krugman/debt-is-one-person-s-liability-but-another-person-s-asset/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“For every liability you have, you are somebody else’s asset. If a home loan is a liability for you, it is an asset for…](https://sms4smile.com/quotes/manoj-arora/for-every-liability-you-have-you-are-somebody-else-s-asset-if-a-home/) [Manoj Arora](https://sms4smile.com/quotes/author/manoj-arora/) > [“Legacy accounting: Will you have been an asset or a liability on the world's balance sheet?”](https://sms4smile.com/quotes/ryan-lilly/legacy-accounting-will-you-have-been-an-asset-or-a-liability-on-the/) [Ryan Lilly](https://sms4smile.com/quotes/author/ryan-lilly/) > [Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in…](https://sms4smile.com/quotes/robert-kiyosaki/rule-one-you-must-know-the-difference-between-an-asset-and-a-3/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [“An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.”](https://sms4smile.com/quotes/robert-t-kiyosaki/an-asset-is-something-that-puts-money-in-my-pocket-a-liability-is/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [“Take what you get, and make the best of it. Make it an asset not a liability”](https://sms4smile.com/quotes/haven-angel/take-what-you-get-and-make-the-best-of-it-make-it-an-asset-not-a/) Haven Angel > [Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was…](https://sms4smile.com/quotes/jamie-dimon/banks-don-t-want-certain-asset-classes-and-that-s-created/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we…](https://sms4smile.com/quotes/warren-buffett/we-need-to-throw-the-resources-at-this-that-are-necessary-but-like-i/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Rule One. You must know the difference between an asset and a liability, and buy assets.”](https://sms4smile.com/quotes/robert-t-kiyosaki/rule-one-you-must-know-the-difference-between-an-asset-and-a/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is…](https://sms4smile.com/quotes/robert-t-kiyosaki/rule-1-you-must-know-the-difference-between-an-asset-and-a-liability/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [Do not go out first thing after signing a contract and buy assets that are huge compared to the contract signed. Just because you…](https://sms4smile.com/quotes/mark-goulston/do-not-go-out-first-thing-after-signing-a-contract-and-buy-assets/) [Mark Goulston](https://sms4smile.com/quotes/author/mark-goulston/) > [Try to buy assets at a discount than to buy earnings.](https://sms4smile.com/quotes/walter-schloss/try-to-buy-assets-at-a-discount-than-to-buy-earnings/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) ## More by Anonymous > [And a tear rolled down her cheek, as she said goodbye; because she's walking away, and she's never looking back](https://sms4smile.com/quotes/anonymous/and-a-tear-rolled-down-her-cheek-as-she-said-goodbye-because-she-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Life is full of change. That's how we learn and grow.](https://sms4smile.com/quotes/anonymous/life-is-full-of-change-that-s-how-we-learn-and-grow/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You'll seldom experience regret for anything that you've done. It is what you haven't done that will torment you. The message, therefore, is clear.…](https://sms4smile.com/quotes/anonymous/you-ll-seldom-experience-regret-for-anything-that-you-ve-done-it-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Scrabble - The game is available in Braille. That’s a nice fact. This makes me feel better about humanity for some reason. I can’t…](https://sms4smile.com/quotes/anonymous/scrabble-the-game-is-available-in-braille-that-s-a-nice-fact-this/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Everyone needs someone to love, and I choose you.](https://sms4smile.com/quotes/anonymous/everyone-needs-someone-to-love-and-i-choose-you/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“THIS tale of my sore-troubled life I write,    To thank the God of nature, who conveyed    My soul to me, and with such care…](https://sms4smile.com/quotes/anonymous/this-tale-of-my-sore-troubled-life-i-write-to-thank-the-god-of-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Put on my J's and dance the whole night away Im naughty by nature like Im hip-hop hooray With my hands in the sky,…](https://sms4smile.com/quotes/anonymous/put-on-my-j-s-and-dance-the-whole-night-away-im-naughty-by-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Me.. I have been through a lot, but I still manage to have a smile on my face. Im not worried about the past…](https://sms4smile.com/quotes/anonymous/me-i-have-been-through-a-lot-but-i-still-manage-to-have-a-smile-on-my/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Distance is a test of love. many will fail for those who can't withstand it, but for those who can, theres only one answer…](https://sms4smile.com/quotes/anonymous/distance-is-a-test-of-love-many-will-fail-for-those-who-can-t/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Im sorry I ever tried...](https://sms4smile.com/quotes/anonymous/im-sorry-i-ever-tried/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Being betrayed by the one you love is the worst feeling in the world...](https://sms4smile.com/quotes/anonymous/being-betrayed-by-the-one-you-love-is-the-worst-feeling-in-the-world/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Let children support their parents or be imprisoned.](https://sms4smile.com/quotes/anonymous/let-children-support-their-parents-or-be-imprisoned/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The only person I've ever purposely caused pain here is myself...By simply sharing, caring too much.](https://sms4smile.com/quotes/anonymous/the-only-person-i-ve-ever-purposely-caused-pain-here-is-myself-by/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The truth is, of course, that the curtness of the Ten Commandments is an evidence, not of the gloom and narrowness of a religion,…](https://sms4smile.com/quotes/anonymous/the-truth-is-of-course-that-the-curtness-of-the-ten-commandments-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) [Explore all 162,899 Anonymous quotes ](https://sms4smile.com/quotes/author/anonymous/) ## More Asset quotes > [Most people put money in their piggy bank. I buy a goose that lays golden eggs over and over again. That's what an asset…](https://sms4smile.com/quotes/robert-kiyosaki/most-people-put-money-in-their-piggy-bank-i-buy-a-goose-that-lays/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [Writers and intellectuals have a duty to humanity. It is to insist that the human entity remains the primary asset in overall development; thus,…](https://sms4smile.com/quotes/wole-soyinka/writers-and-intellectuals-have-a-duty-to-humanity-it-is-to-insist/) [Wole Soyinka](https://sms4smile.com/quotes/author/wole-soyinka/) > [I think Kwame will be an asset to the Lakers.](https://sms4smile.com/quotes/kareem-abdul-jabbar/i-think-kwame-will-be-an-asset-to-the-lakers/) [Kareem Abdul-Jabbar](https://sms4smile.com/quotes/author/kareem-abdul-jabbar/) > [I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future…](https://sms4smile.com/quotes/ray-dalio/i-think-that-the-first-thing-is-you-should-have-a-strategic-asset/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [“Work hard, persevere and help without hesitation to become an Asset instead of Liability.”](https://sms4smile.com/quotes/edwin-calingasan/work-hard-persevere-and-help-without-hesitation-to-become-an-asset/) Edwin Calingasan > [Your workforce is your most valuable asset. The knowledge and skills they have represent the fuel that drives the engine of business - and…](https://sms4smile.com/quotes/harvey-mackay/your-workforce-is-your-most-valuable-asset-the-knowledge-and-skills/) [Harvey Mackay](https://sms4smile.com/quotes/author/harvey-mackay/) > [In the long-term, security comes from an asset you create or acquire, not a position in someone else's asset.](https://sms4smile.com/quotes/chris-guillebeau/in-the-long-term-security-comes-from-an-asset-you-create-or-acquire/) [Chris Guillebeau](https://sms4smile.com/quotes/author/chris-guillebeau/) > [To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that…](https://sms4smile.com/quotes/laurence-d-fink/to-finance-longer-life-spans-we-must-convince-individuals-to-start/) [Laurence D. Fink](https://sms4smile.com/quotes/author/laurence-d-fink/) > [Afghanistan cannot be a burden on the international community and it has to become an asset.](https://sms4smile.com/quotes/ashraf-ghani/afghanistan-cannot-be-a-burden-on-the-international-community-and-it/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Being able to guard the pick and roll makes you a high asset in the NBA.](https://sms4smile.com/quotes/willie-cauley-stein/being-able-to-guard-the-pick-and-roll-makes-you-a-high-asset-in-the/) [Willie Cauley-Stein](https://sms4smile.com/quotes/author/willie-cauley-stein/) > [Obama's great asset has always been an ability to maintain his air of authority without being baritone about it. He can be boring, but…](https://sms4smile.com/quotes/tina-brown/obama-s-great-asset-has-always-been-an-ability-to-maintain-his-air-of/) [Tina Brown](https://sms4smile.com/quotes/author/tina-brown/) > [“For every liability you have, you are somebody else’s asset. If a home loan is a liability for you, it is an asset for…](https://sms4smile.com/quotes/manoj-arora/for-every-liability-you-have-you-are-somebody-else-s-asset-if-a-home/) [Manoj Arora](https://sms4smile.com/quotes/author/manoj-arora/) > [My best asset is my fake smile](https://sms4smile.com/quotes/unkmown/my-best-asset-is-my-fake-smile/) [Unkmown](https://sms4smile.com/quotes/author/unkmown/) > [The greatest asset, even in this country, is not oil and gas. It's integrity. Everyone is searching for it, asking, 'Who can I do…](https://sms4smile.com/quotes/george-foreman/the-greatest-asset-even-in-this-country-is-not-oil-and-gas-it-s/) [George Foreman](https://sms4smile.com/quotes/author/george-foreman/) Browse all 222 Asset quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Rich people buy assets, poor people buy liabilities", "creator": { "@type": "Person", "name": "Anonymous" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/", "about": { "@type": "Thing", "name": "Asset" }, "@id": "https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "contentUrl": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "url": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "width": 1080, "height": 1080, "caption": "“Rich people buy assets, poor people buy liabilities” — Anonymous", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Anonymous", "item": "https://sms4smile.com/quotes/author/anonymous/" }, { "@type": "ListItem", "position": 4, "name": "Rich people buy assets, poor people...", "item": "https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/" } ], "@id": "https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```