Nick Perry argues that real wealth comes from building assets, not displaying them. Skip the luxury car lease and designer clothes. Instead, drive an old reliable car, fly coach, pack your lunch, and invest the savings into real estate and equity.
A real entrepreneur will drive a beat-up Honda and own $10 million in real estate. Here's why. You lease a nice Range Rover to feel successful. We drive a 15-year-old Civic and own multiple rental properties. You spend $3,000 on designer clothes to impress your friends. We spend $50 at Target and own shares in the company. You post your first-class upgrade like you made it. We buy cheap coach tickets and invest the difference. Payday hits your account, and by Tuesday the money's already spent on new clothes, shoes, and a new phone case. We don't have paydays, but when the money does hit our account, it's reinvested. You go to expensive restaurants to feel wealthy for 2 hours. We pack lunch and collect our rent money from the restaurant. You're spending to look rich. We're investing to stay rich.
