Why Living Below Your Means Is Bad Advice -Robert Kiyosaki
there many many people will always tell
you live below your me well that's not a Rich Dad philosophy that because I think if you live below your means and if your sisiter poor where you live below that means your spirit dies so what the Rich Dad company is really about is how do you improve your spirit by increasing your financial intelligence to your financial IQ if they're living below my means or what most people have is a jail be a job it only works so hard so my goal my wife's goal every single year is we increase our assets that we buy more rental property investing oil gold stock to pay dividends and all this so every year our income or I cashflow keeps increasing every year our goal is not to get a higher paying job our goal is to keep increasing our assets now another thing too is people say butts but you know what about the nice cars and all that the way I get rich is this I buy assets first liability second let me give you an example a few years ago I wanted a new Porsche so let's say this is the Porsche my wife goes you can have that Porsche it's a liability but you can have it as long as I first invest in an asset so this was a long time ago my I invested a few thousand dollars in a Mini Storage in Austin Texas in every month the money for the investment comes in and it paid off my force so today I don't have any debt for my Porsche I still have my Porsche still have all this time I still have the investment and I still have my cash flow so that's what this or something don't live below I mean I used to say what we've had which does increase your means and you can have anything you want we want you to have all the wonderful things as well have to offer and that's what makes a Rich Dad company's philosophy a little different than the rest