Finance and Investment Advice: Don’t Waste Your Money on Liabilities – Always Invest Big Payments into Assets

Hey Guys :

I have came across the news about lots of people who were once wealthy and got lots of wealth and then died broken meaning died without having single penny. yes you heard it right they died, but the question is why did they died broken . it is all because of simple reason and that is whenever they receive high payments from companies or from anywhere they definitely spend it on buying expansive products which is no longer worth it specially girls yes i am talking about girls and this whole post is for girls also men as well and that is they always buy expansive mobile or a bag or a cloth or something house hold related fashion beauty etc and here their money are wasted and i am sad that they don t  even care about it as  and guess what you don t know anything about future yes don t know what will happen in future are you really going to get money or not 

so here i am going to discuss with you about it with the story of man who had wealth but died broken why is it so you will get to know about it after reading about him in this story i am not gonna scare you but to make your eye and mind open that think hundred times before buying any liabilities 

so without wasting time lets deep dive into it  

Imagine receiving a big payment — from a job, a freelance project, or even an inheritance — and a year later, you have nothing to show for it. No house. No business. No savings. Just expensive stuff that can’t help you when you truly need support.

This blog is about that harsh truth.

It’s not meant to scare you — it’s meant to wake you up.

You’ll also read a true and tragic story of a man who earned millions, spent it all on liabilities, and died broke.

The Hidden Trap of Big Money

We all dream of receiving a large amount of money. It feels like freedom. But for many people, that money becomes a trap. Why?

Because when money comes suddenly, people don’t plan. They rush to spend it, mostly on things that make them look rich instead of becoming rich.

They buy:

• A new car

• A brand-new iPhone

• Expensive clothes

• Fancy dinners

• Furniture upgrades

• Branded gifts to show off

These things are called liabilities.

They take money out of your pocket every single day — but they never put anything back.

Assets vs Liabilities: What’s the Difference?

Let’s break it down:

Liabilities are:

• Cars (they lose value, need fuel and repairs)

• Phones (new ones come every year)

• Clothes and shoes (they wear out)

• Gadgets, watches, decorations fashion beauty etc 

Assets are:

• Stocks, mutual funds

• Real estate

• Online businesses

• Freelance skills

• Digital products

Liabilities look shiny. Assets feel boring at first. But only assets give you long-term financial freedom.

A Real-Life Inspired Story: The Man Who Died Broke

Let’s talk about a real story — a heartbreaking one.

We’ll call him Adnan.

Adnan was a 29-year-old Pakistani man who moved to Dubai to find a better future. After 5 years of struggle, he got a high-paying job: 20,000+ AED per month.

He felt on top of the world.

He started spending like a king:

• Bought a luxury car on installments

• Upgraded to the latest iPhone

• Threw big dinners and parties

• Wore designer clothes

• Sent gifts to Pakistan to show he was successful

His Instagram was full of lifestyle pictures. People praised him. “MashAllah, you’ve made it!”

But there was a hidden truth…

He never saved. He never invested. He had no insurance. No backup. No emergency fund.

One day, Adnan collapsed at work. He had a heart problem. The hospital needed immediate payment. But his bank account was empty.

He had to borrow money from friends — the same people who used to admire his car. A few weeks later, Adnan passed away.

His family couldn’t afford to bring his body home. They had to crowdfund it.

He had earned lakhs, maybe crores… but died with nothing.

This is the harsh truth.

Liabilities won’t help you when life gets hard.

• That car won’t save you in a hospital.

• That phone won’t pay for your child’s education.

• That fancy dinner won’t pay your bills.

People buy liabilities to feel important, to look rich, or to impress others. But the price is too high when tragedy comes. but let me tell you one thing nobody literally nobody is impressed by your liabilities you think they are yes you think they are  but in reality they are not they are actually being jealous of you why you received this much money this and that  

Why Do People Waste Their Big Payments?

It’s not always greed. It’s emotional.

• They want to reward themselves for working hard.

• They want people to see they’ve “made it”.

• They think if they don’t enjoy now, they never will.

• They are afraid to look “cheap” or “poor”.

But here’s the truth: no one cares about your phone model. No one stays in your life because of your shoes. People move on — but your financial decisions stay with you forever.

When Should You Buy Liabilities?

You don’t have to suffer forever. You can buy good things in life. But there’s a golden rule:

Buy liabilities only when your assets are paying for them.

If you earn $500/month from a blog or rental, and your iPhone costs $400 — that’s okay.

But don’t spend your base income.

Spend only what your assets earn. That’s what wealthy people do.

The Formula of Financial Freedom

Let’s say you receive $1,000:

• 50% should go into investments.
  Stocks, mutual funds, digital products, your own business.

• 30% should go into emergency savings.
  Health, job loss, or family need — this money saves you.

• 20% can be spent — but wisely.
  Buy what you need, not what impresses others.

Assets first. Lifestyle later.

Examples of Good Investments

Even with small money, you can grow:

• Buy gold in installments

• Start a blog and earn through affiliate links

• Learn digital marketing, copywriting, or design

• Buy stock in companies through apps like Trading212, Robinhood, or M1Finance

• Create and sell a digital product (ebook, prompt, course)

These are assets. They pay you forever.

Real People Who Buy Assets First

Let’s talk about some rich people you know:

• Warren Buffett lives in the same house since 1958.
  He could buy hundreds of mansions — but he doesn’t.

• Mark Zuckerberg drives a normal car.
  Yet he owns Facebook, Instagram, and WhatsApp.

• Steve Jobs wore the same black shirt every day.
  He built Apple but didn’t need to show off.

They chose to be truly rich, not look rich.

How to Start If You’re Broke?

You might say: “But I’m not earning big money yet!”

It doesn’t matter.

Your habits matter more than your income.

If you earn Rs. 5,000, and save Rs. 1,000 — you are more powerful than someone who earns Rs. 50,000 and spends it all.

Start now:

• Track your money

• Avoid unnecessary purchases

• Invest in your skills

• Read about money and wealth

• Learn about financial psychology

You’re planting seeds now that will grow into a forest later.

A Message of Hope

If you’ve already wasted money in the past, don’t hate yourself. We all make mistakes. What matters is what you do next.

Today, you understand the truth. Today, you can make a new decision.

• Choose assets over liabilities.

• Choose peace of mind over likes and attention.

• Choose a future where your money works for you — not where you work forever for money.

Let Adnan’s story inspire you — and protect you from repeating it.

Final Words

You don’t need to impress anyone. You need to protect your future.

Every rupee or dollar you invest today is one less problem tomorrow.

So the next time you receive a big payment, ask yourself:

Will this buy me happiness for one day… or freedom for life? 

My brotherly advice once again at the end is stop impressing others no one is impressed by your work or money which means nobody cares about you you only try to impress yourself  yes protect yourself from felling into debits and do  everything to satisfy your future self not others again i repeat stop spending you wealth on these fake liabilities these are not gona protect you or return you the assets again or wealth again so please stop it and stop impressing   people 

i hope that you might have got what i wanted to share in this post if yes then don t forget to send it to your friends and families if you really really care about them they are also making mistakes and maybe they will be satisfy from you after you share this with them 

   if you want to know how a poor broke man became millionaire just by selling old dusty books you could read out 

https://www.mindsetmasteries.org/2025/07/how-man-sold-old-books-and-became.html

if you want to know how to start business with no money then you could read out 

https://www.mindsetmasteries.org/2025/07/how-to-start-business-with-no-money-at.html

if you are in debt and want to escape it you could read out 

https://www.mindsetmasteries.org/2025/07/how-to-avoid-debt-while-living-in-high.html

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thanks a lot for reading this out and i will caught you in another post till then take a good good care of yourself and till then 

PEACE 

YOUR WELL WISHER 

SAAD UR REHMAN HEAD AND FOUNDER OF PAGE MINDSET MASTERIES