They say the rich get richer n the poor get poorer. Wat makes this 2 happen is that the rich buy more assets n the poor more liabilities. The rich invest their money in things that give them more money eg businesses like estates o their efficient money ideas. The poor buy things that get money from them like latest phones cars etc. I'm not saying phones r bad bt if u keep buying the latest every time they bcome a liability they take money from u, the network provider also needs the money afta u buy phone so u end up bankrupt. U can buy a house bt if u live in the house it bcomes a liability if u put the house on rent it bcomes asset.