Poverty starts from a poor mindset, only thinking about how to spend instead of saving and investing, only thinking about how to fulfill the desires of the heart instead of spending for necessities, that's why there is no money that can be saved, even borrowing for unimportant things is not a mistake. Living only from one desire to another, this is difficult to change because they live in an environment that does the same thing.
If want to escape poverty, start by being in an environment that can change our mindset for the better.
In my point of view, rich also buy liabilities but they know the time when to buy a house or car in which they will enjoy their life and they always try to sell a house or car which they have and they are continuously changing the house and cars but everyone had different preference because many people want to buy a house and they don't drive a car even they have millions of dollars in the Bank and they are using rented car . Rich people always try to open more businesses because these will give more profit than doing investment in only one business.Poor people always try to eat more and they are going to big hotels which they can't afford but they want to enjoy rich life and they are taking loan from the banks .