# The Habits That Keep You Looking Rich and Living Broke

An episode of [Earn Your Leisure](https://invisiblenetwork.ai/podcast/1450211392), 5 Sep 2026, 12 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/8dbc4f54-a337-4481-9ef2-b355012b0a3d/e6066664-533b-4a3a-b9fa-b4bc0167e8c5/audio.mp3?utm_source=Podcast&in_playlist=eac4c628-29cb-469a-b5c8-b355012b0a48

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## Transcript

[0:01] Speaker 1: Somebody asked me this question. What's the first luxury I
[0:03] Speaker 1: should cut in my route to becoming a millionaire? I
[0:08] Speaker 1: always go viral with these kind of takes. I could
[0:12] Speaker 1: do the yada. You shouldn't even have a woman until
[0:14] Speaker 1: you make your first million. I'm not going to do that.
[0:16] Speaker 2: Yada, awaken.
[0:18] Speaker 3: Part two, Wednesday. Damn.
[0:22] Speaker 1: 500,000.
[0:23] Speaker 2: Send your queen 5,000 right now. If you serious.
[0:28] Speaker 4: If you really serious, send your queen 5,000 right now
[0:31] Speaker 4: on the Cash App.
[0:32] Speaker 5: You really love her?
[0:34] Speaker 3: Do you? The number spiked up real quick.
[0:37] Speaker 1: Rashad, in your opinion, what is the first thing that.
[0:40] Speaker 5: A person should.
[0:41] Speaker 2: Oh, we got 62. No, no, no.
[0:45] Speaker 3: They got a chip.
[0:45] Speaker 5: They got a chip.
[0:46] Speaker 3: Rashad, you want to do flex or motion? Oh, man.
[0:51] Speaker 2: The first thing, car note for sure.
[0:53] Speaker 4: Man, these car notes is so crazy. And it's one
[0:56] Speaker 4: of these things that You get trapped in three years
[0:58] Speaker 4: on the lease, seven years on the purchase.
[1:03] Speaker 2: Save your money.
[1:03] Speaker 3: Seven years, crazy. So you're saying it's in 10 years now.
[1:06] Speaker 5: 10?
[1:08] Speaker 4: And it's a depreciating asset.
[1:14] Speaker 2: Cars don't hold values.
[1:16] Speaker 4: Some cars do, but most cars don't hold value. And
[1:21] Speaker 4: it doesn't really change anything. Like, I have not seen
[1:25] Speaker 4: somebody's life drastically increase because of a car. Now, granted,
[1:30] Speaker 4: we do live in a place where cars mean less.
[1:32] Speaker 4: New York is not like a driving place. I know
[1:35] Speaker 4: cars mean a lot in Miami. Cars mean a lot
[1:39] Speaker 4: in LA.
[1:40] Speaker 3: Atlanta. Houston.
[1:42] Speaker 2: Atlanta. And I have heard stories that.
[1:50] Speaker 4: I got into an opportunity because the car that I
[1:53] Speaker 4: just never seen, I personally, I've never seen. I personally,
[1:58] Speaker 4: with my own eyes have never seen somebody get an
[2:02] Speaker 4: opportunity because.
[2:02] Speaker 1: You go to the Porsche club. And as a result,
[2:05] Speaker 1: you got a $ 6 million deal.
[2:08] Speaker 2: It's rare. I haven't seen it.
[2:11] Speaker 4: So I would say that's the first luxury that you
[2:14] Speaker 4: should cut. I know millionaires that drive Volvos, um, Man, Volkswagens.
[2:20] Speaker 4: The Volkswagen is the millionaire car.
[2:23] Speaker 3: Yes, it is.
[2:25] Speaker 4: The Volkswagen is the millionaire car.
[2:30] Speaker 2: That Volkswagen is a millionaire's car.
[2:33] Speaker 3: That's not a fact.
[2:34] Speaker 2: When I was a financial advisor, let me tell you something.
[2:37] Speaker 4: When I was a financial advisor, my first... No, it's 100%
[2:40] Speaker 4: a fact. When I was a financial advisor, my first
[2:44] Speaker 4: office that I worked in was Park Avenue. And in
[2:47] Speaker 4: Park Avenue, I was one of the only... black people there.
[2:51] Speaker 4: And they was all, it was like Italian, Jewish. Man,
[2:57] Speaker 4: the number one guy in the annuities, the number one guy,
[3:02] Speaker 4: this guy was making millions of dollars every single year.
[3:05] Speaker 4: And he drove a 15 year old Volvo. And everybody
[3:11] Speaker 4: that I saw They all had the same car. They
[3:14] Speaker 4: all had Volkswagens and Volvo. It was like the Vs. Volkswagen, Volvo,
[3:19] Speaker 4: every now and then you might see a X3, BMW.
[3:24] Speaker 4: Like every now and then I saw no Phantoms. I
[3:27] Speaker 4: saw no Lamborghinis.
[3:31] Speaker 2: I'm telling you.
[3:32] Speaker 5: I'm telling you.
[3:35] Speaker 6: I was going to say, if you ever read The
[3:37] Speaker 6: Millionaire Next Door, it was like the average millionaire. Most millionaires,
[3:40] Speaker 6: they'll either buy like a Toyota Camry or they're buying
[3:43] Speaker 6: a Honda.
[3:44] Speaker 5: Accord, or something in that range.
[3:46] Speaker 2: That was 30 years ago.
[3:47] Speaker 6: I'm just saying, in that book, and if you look
[3:49] Speaker 6: at studies now, it's still in that range.
[3:50] Speaker 5: People are still buying.
[3:51] Speaker 2: I ain't seen a Honda Accord in a minute.
[3:54] Speaker 6: The number one car that they used to buy, like
[3:57] Speaker 6: 10 years ago, was a Nissan Altima, which is crazy.
[4:00] Speaker 5: Same class. That car, actually, they don't.
[4:04] Speaker 3: Even make it anymore.
[4:04] Speaker 6: They actually stopped production. I think this year or last year,
[4:07] Speaker 6: they stopped production of it. But you don't even see
[4:09] Speaker 6: that car anywhere.
[4:10] Speaker 5: It talks about being frugal, living way below your means,
[4:15] Speaker 5: and not wanting to have attention.
[4:16] Speaker 4: But it's also just a practical car, and it's just like,
[4:20] Speaker 4: you know, these people don't really got swag.
[4:23] Speaker 2: Now, am I going to drive a Volkswagen? No, I'm not.
[4:28] Speaker 4: But I'm just giving you, I'm giving you the real,
[4:34] Speaker 4: I'm giving you the real situation.
[4:36] Speaker 5: You going to get the Camry?
[4:37] Speaker 2: Absolutely not. But I'm also not getting a Ferrari either.
[4:42] Speaker 1: Yeah, that's the other part. Okay, and that goes to
[4:45] Speaker 1: my point. Any luxury spending or any vacations until you
[4:48] Speaker 1: hit the milli.
[4:49] Speaker 3: That would have been mine.
[4:51] Speaker 1: You should put away. Because the desire for the, and
[4:55] Speaker 1: once again, it's been brought up. Yeah, you don't spend
[4:57] Speaker 1: that much. It takes a lot of discipline to be
[5:01] Speaker 1: a grown man and everything that you wanted to buy
[5:03] Speaker 1: as a kid, you can buy. And then you realize
[5:06] Speaker 1: sometimes being able to buy it is the goal. Knowing
[5:10] Speaker 1: that you can get it, and I know a few people,
[5:12] Speaker 1: and I have them, and I've got a few friends
[5:14] Speaker 1: who got every Ferrari, and it's special, and it's 1
[5:19] Speaker 1: to 26 May, and two years in, you're like, was
[5:23] Speaker 1: it really worth 536?
[5:24] Speaker 3: That's a ticket, bro. Yeah, I was going to say-
[5:28] Speaker 3: Was it really worth 400?
[5:31] Speaker 4: No.
[5:31] Speaker 3: No. It wasn't. It wasn't.
[5:33] Speaker 6: I think you kind of surmised both of the things.
[5:35] Speaker 6: You said travel- and luxury expenditures. Luxury traveling, I mean,
[5:42] Speaker 6: that could be extremely costly. I think that is one
[5:45] Speaker 6: of those ones for sure that I'm like, you don't
[5:47] Speaker 6: have to do that.
[5:48] Speaker 5: Would you like to do that?
[5:49] Speaker 3: Yeah.
[5:49] Speaker 5: Are there cheaper ways than to have luxury vacations?
[5:52] Speaker 6: And I'm saying like you find a family, you're doing
[5:54] Speaker 6: first class, you're renting out the Airbnb. That adds up.
[6:00] Speaker 6: Those are luxuries that we don't need. It could be like, hey,
[6:02] Speaker 6: I'm just going to travel. I'm going to drive down
[6:05] Speaker 6: to a place right, cut costs, like do that instead.
[6:08] Speaker 6: But having frivolous spending, whether it's cars or it's watches,
[6:12] Speaker 6: trust me.
[6:12] Speaker 3: Yeah, it adds up.
[6:13] Speaker 1: We all spend $ 40, 000, $ 50, 000 for watches, and then the
[6:18] Speaker 1: girl that you're on a date with don't even know
[6:20] Speaker 1: what it is.
[6:21] Speaker 2: Well, I'll say this.
[6:22] Speaker 3: She don't like you.
[6:23] Speaker 4: Just speak to the average person, because the average person
[6:25] Speaker 4: is not buying a Rolls Royce or a Lamborghini.
[6:28] Speaker 1: But the average person is spending a lot on luxury goods.
[6:31] Speaker 1: We saw it at Invest. That's what I'm getting at.
[6:34] Speaker 4: They're not buying a Rolex. But these clothes is becoming...
[6:38] Speaker 4: It's insane, bro. Balenciaga is like Nikes. People are spending
[6:45] Speaker 4: a lot of money on clothes.
[6:47] Speaker 1: Especially for the kids in middle school and high school.
[6:51] Speaker 2: Men and women.
[6:52] Speaker 5: And jewelry, too.
[6:54] Speaker 4: I'm just saying, dudes will buy a fake chain. Because
[6:57] Speaker 4: when I said I can't trust anybody with fake jewelry,
[6:59] Speaker 4: I got crucified.
[7:00] Speaker 5: They wearing fake clothes, though.
[7:03] Speaker 6: A lot of them is wearing fake clothes.
[7:05] Speaker 2: Fake clothes, like what brand?
[7:07] Speaker 1: There's a lot of podcasters who got the Ford Louis V.
[7:11] Speaker 6: I seen Chrome Heart jeans for $ 15, 000, $ 30, 000. Those is
[7:15] Speaker 6: not paying $ 30, 000 for Chrome Heart jeans.
[7:17] Speaker 5: They're not wearing paper.
[7:18] Speaker 3: Even the fake Chrome is not cheap.
[7:21] Speaker 5: But I'm saying they're wearing fake stuff regardless, but it
[7:23] Speaker 5: is what it is, right?
[7:24] Speaker 6: Even that, like nobody at a certain level, what you
[7:29] Speaker 6: have on, doesn't really mean the character of the.
[7:32] Speaker 5: Person you are.
[7:33] Speaker 2: Well, it never means the character of the person.
[7:35] Speaker 5: So just build that.
[7:36] Speaker 3: Or your acumen in business.
[7:38] Speaker 5: Invest in that.
[7:39] Speaker 2: I mean, you got to get the girl first. Let's
[7:44] Speaker 2: be honest. So do what you got to do to
[7:46] Speaker 2: get the girl. Once you get the girl.
[7:49] Speaker 3: No.
[7:50] Speaker 5: Get your affairs in order first.
[7:51] Speaker 3: Get your money right.
[7:52] Speaker 5: Get your money in order.
[7:54] Speaker 2: Get you in order.
[7:55] Speaker 1: They're going to spend 60 on a land.
[7:57] Speaker 2: I'm a realist. I'm a realist.
[7:59] Speaker 4: The average dude is not eating peanut butter and jelly,
[8:01] Speaker 4: sleeping on the floor. Look, you want to go out
[8:04] Speaker 4: Friday night. You want to enjoy it. Look, let's not
[8:06] Speaker 4: be extremists.
[8:07] Speaker 2: Let's not be extremists.
[8:08] Speaker 1: But listen, I'm not here to talk to the average.
[8:10] Speaker 1: I'm here to talk to the elite. And then they're
[8:12] Speaker 1: going to come back in two years and be like, well,
[8:14] Speaker 1: I fucked up my bag. You're going to spend 50
[8:16] Speaker 1: on a land dweller and your girl's a sea dweller.
[8:20] Speaker 1: I'm not talking to the average. If you're average, tune out.
[8:24] Speaker 1: There's a whole bunch of fake motherfuckers y'all can go
[8:25] Speaker 1: listen to. I'm not here for that this year.
[8:28] Speaker 6: My brother Derek Falcon said, you're going to lose money
[8:31] Speaker 6: chasing women. You'll never lose women chasing money. It doesn't
[8:34] Speaker 6: work the other way around.
[8:35] Speaker 2: Men are never going to stop chasing women. So let's not.
[8:38] Speaker 3: I'm a realist. But even a chase is wrong. We're
[8:41] Speaker 3: talking about a Wednesday.
[8:43] Speaker 5: Get your affairs in order, fellas.
[8:45] Speaker 3: Rashad, I'd be remiss. My apologies for cutting you off,
[8:48] Speaker 3: my brother. Go ahead. The floor is yours.
[8:49] Speaker 2: Appreciate you. Thank you.
[8:52] Speaker 4: But everything in moderation. If you're going to do it,
[8:55] Speaker 4: if you're going to do it, do it in moderation.
[8:58] Speaker 2: Moderation.
[8:59] Speaker 3: They're not doing it in moderation.
[9:01] Speaker 1: And it's the part, the part of the reason why
[9:03] Speaker 1: y'all don't get rich as fast as y'all want to,
[9:04] Speaker 1: because y'all won't sacrifice nothing.
[9:06] Speaker 3: You want the best of both worlds.
[9:07] Speaker 1: You want to live scammer lifestyle and then come here
[9:10] Speaker 1: on Monday and be like, yo, what's the investing factor
[9:13] Speaker 1: of the week?
[9:13] Speaker 3: Sit your ass in the house for two years and sacrifice.
[9:15] Speaker 5: That's what you should do.
[9:18] Speaker 3: C-Doll is crazy, bro. Bro, on the front of the boat.
[9:22] Speaker 3: That's crazy, bro. Okay. That's crazy. Now you're stuck. What
[9:28] Speaker 3: you going to do? Yo, I need some advice. My
[9:30] Speaker 3: Adobe call is underwater. Your girl was underwater with Quaviante.
[9:35] Speaker 3: I don't give a fuck if you get 3,000%. She
[9:38] Speaker 3: don't want you. What you going to do, my boy?
[9:40] Speaker 3: Wrap it up. Since we the villains now, I'm good
[9:45] Speaker 3: with it. I'm good. I was good when I came.
[9:49] Speaker 5: When you got the paper though, optionality.
[9:56] Speaker 3: But what you don't know say, you don't know say,
[9:59] Speaker 3: me and me. mi hermano, yo no se.
[10:02] Speaker 5: I'm just an observer, that's it. That's all.
[10:10] Speaker 4: But everything in moderation. I'm an extremist. So I'm with you, Ian.
[10:16] Speaker 4: I'm with it. Lock yourself in the closet and cut
[10:20] Speaker 4: the lights off and don't go outside for six months.
[10:24] Speaker 4: That's my vibe, but I'm just saying, I just know
[10:26] Speaker 4: that you got to, you know, you got to ease
[10:29] Speaker 4: people into this way of thinking.
[10:32] Speaker 2: It's a new way of thinking.
[10:33] Speaker 3: You be a good guy and I'll be a villain
[10:34] Speaker 3: this week. You know, that's my original bag. Bang. I'm
[10:40] Speaker 3: with it.
[10:41] Speaker 1: But if you don't sacrifice to be elite, okay, let's
[10:43] Speaker 1: talk about the Katie thing. Katie, you've been locked in
[10:48] Speaker 1: on investing for a long time too.
[10:52] Speaker 4: But here's the thing, too, before we leave this topic.
[10:56] Speaker 4: The number one thing you should cut is a bad
[11:00] Speaker 4: relationship because that's going to drain you emotionally, financially, and
[11:06] Speaker 4: that's going to stunt your growth more than cars, more
[11:09] Speaker 4: than jewelry, more than a home. A bad relationship is
[11:15] Speaker 4: going to stunt your growth more than anything else in
[11:18] Speaker 4: the world. And that's something that you need to figure
[11:23] Speaker 4: out sooner than later. And also a positive relationship could
[11:26] Speaker 4: help your growth more than anything else in the world
[11:29] Speaker 4: as well. So relationships and not just platonic relationships as well,
[11:35] Speaker 4: who your friends are, who your mentor is, who are
[11:38] Speaker 4: you around?
[11:38] Speaker 5: Are you saying that those are luxuries?
[11:42] Speaker 2: I don't know what you call it. I'm saying that
[11:44] Speaker 2: that's a cut. That's something to cut. That's something to cut.
[11:47] Speaker 4: What you said, like whatever the cut, If you're going
[11:50] Speaker 4: to cut the watches, if you're going to cut going out,
[11:52] Speaker 4: you're going to cut buying boxes.
[11:53] Speaker 5: No, no, I'm just talking about relationships and everything.
[11:56] Speaker 2: Cut your boyfriend. Cut your girlfriend.

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