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I have a confession.
I have plugged the leaks in my personal finance. I have taken stock of my finances; I have more than enough in my emergency fund, I have properties I am leasing out, and I am investing in the stock market.
But I still have a hard time living below my means and within my needs.
You see, I was a shopaholic.
The mall was my therapy! I get stressed, I shop. I have nothing to do, I shop. I need to get this same blouse I am wearing in a different color, I shop.
Shopping made me happy!
I have curbed my addiction, thankfully.
So instead of living below your means and within your needs, he asks you to EXPAND YOUR MEANS!
EXPANDING YOUR MEANS does make perfect sense. The rich don’t live below their means.
They make BETTER MEANS.
Robert says that instead of saying “I can’t afford that.”, ask “How can I afford that?” Living below your means limits your imagination and your diskarte and leaves you with feelings of deprivation.
He stresses that Financial Education and learning how to make money work for you would give your more choices and freedom to decide how you want to live your life.
One example he gave was when he wanted to splurge on a new car (a liability in Robert Kiyosaki’s financial world). He did not cut costs. Of course, he can afford to buy the new car, but he used the money to invest in assets that would provide enough cash flow to cover the payment of his new car. It took a little longer, but months later, his investments where creating enough cash flow to pay for his car.
Identifying what you want and creating a plan to get it is the smart way to get what you want and create assets.
One of the ways I am expanding my means is by investing in the stock market.
Consider this. If you live today, the same way you lived yesterday – How can you expect today to be different to yesterday?!
Do something NEW today and EXPAND YOUR MEANS. Do something that can REALLY change your life.
Start investing and create new assets. You can start by joining me and thousands of people trying to expand their means at theTruly Rich Club.