Stuff does not equal money, and debt makes people look better off than they are.
To build up wealth, you must apply the following principles:
1. Do not overspend your earnings.
2. Gradually grow your income.
3. Ensure you develop a monthly cash flow budget.
4. Plan your spending.
5. Do not borrow or enter into debt to show off.
6. Ensure that you set aside some savings monthly.
7. Do not lavish your extra incomes; spend them purposely.
Thus, acquiring things does not make a person wealthy unless the property generates periodic income.
Learn more about developing a cash flow budget to manage your income and expenditure here: https://brainly.com/question/341992
