Imagine someone that can hardly feed himself twice daily buying an expensive phones and cars without a specific purpose (just for fashion). This is the different between the rich and the poor. The rich invest in what can fetch them more money (asset) e.g buying land, investing in reputable businesses but the poor out of fashion keep buying liabilities (goods that they keep on spending their little earnings on for maintenance). If 70%- 80% of your income goes to liability then one is preparing for a poor life.
Am still trying to come to terms as to understand how "someone that can hardly feed himself twice daily" is capable of buying expensive phones and luxury cars like the OP emphasized above.
Isn't that statement contradictory? Cause for example, if a person can afford an expensive phone like an iPhone 13pro for example or any expensive car like a Lamborghini then definitely such a person can not just only be capable of feeding himself but his family and friends!
So am not sure I understand the point your trying to make except that you deviated from what I could suggestion as the intent of the thread which is " it's better to acquire more assets than liabilities", and not the other way round as you just unsuccessfully tried to confuse me.