More Ways To Become Rich

This week and today I'm sharing in more detail each of the eleven ways Robert Kiyosaki says to become rich.

Today is number four, becoming rich by being cheap. Tomorrow will be number five, becoming rich via hard work.

4. You can become rich by being cheap.

Rich dad said, "Trying to become rich by being cheap is the most pupular way people attempt to become rich. People who try to become rich by being cheap are people who often try to live below their means rather than finding ways to expand their means." He also said, "The problem with becoming rich by being cheap is that in the end you're still cheap." We have all heard stories of people who spent their lives hoarding money, pinching pennies, and shopping at sales just to acquire masses of money. Yes, even though they have a lot of money, they live life as poorly as someone who is truly poor. To my rich dad, having a lot of money yet living like a poor person made very little sense.

Rich dad had a friend who live cheaply all his life, saving his money, never spending on anything except for the bare necessities. The sad thing was that his three grown children could not wait for him to die so they could get their hand on all the money. After he passed away, his three children made up for all the years of living cheap and spent all his money in less than three years. After all the money was gone, the kids were just as poor as their dad was, even though he once had lots of money. To my rich dad, people who hoard money yet live poorly are people who worship money, making money their master rather than learn to become a master of money.

Click the "More Ways To Become Rich" to review the entire book of Business School in where this above excerpt came from.

Daily Insight

"People who say that life is not worthwhile are really saying that they themselves have no personal goals which are worthwhile. Get yourself a goal worth working for. Better still, get yourself a project. Always have something ahead of you to look forward to . . . to work for and hope for."

What do you really want? Have a great day becoming whatever you want!