Focus on building your asset column rather than only relying on your income from a job. Start small and trade up as your asset column grows.

Cars, Houses are liabilities which drain money from your pocket. Avoid unnecessary spending and focus on building assets.

Ray Kroc, the founder of McDonald's, once taught MBA students that his business was not hamburgers but real estate. McDonald’s owns some of the most valuable real estate in the world, which is a key factor in its massive success.

Rich people buy luxuries last, using income generated from their asset column. In the other hand, the poor and middle class often buy luxuries first, using credit and getting deeper into debt.

Be patient while building wealth. It takes time and discipline.