Ok, so I am new to this and I have been going through quite a few posts and have found that many of you seem to know a lot about investing and making money work for you. I am hoping someone can help me. I without a doubt have the desire and I am willing to do ANYTHING to make this work. With that said please allow me to explain what I feel is holding me down.
A couple days ago I purchased the book "Rich Dad Poor Dad" and I have been doing as much research as I can to help me get a grasp on this stuff. I understand that this isnt stuff you learn over night and that the learning is a life long process but I just want to understand where to start! Once I understand that, I KNOW I will be a rich man one day because like I said before, I am willing to do ANYTHING not to live like the average person struggling day to day and coming home complaing about their 9 to 5 every day (sorry for the rant).
- Robert Kiyosaki has said "saving money is ridiculous". I think I understand that what he is trying to convey (correct me if im wrong) is that it is more important to invest the money in to assets that will increase passive income instead of saving your money. BUT then.. I read all over the place that you should "live below your means" but at the same time, Mr. Kiyosaki says he "doesnt live below his means". I was excited when I read that living below your means is a key to staying out of debt etc.. because I personaly can "live below me means" with absolutely no problem but then when I read that he wrote that he doesnt live below his means I was set back a little. What do I do?? I mean, is it a system where at first you live below your means in the beginning stages so you can save money to start investing? and THEN you get passed that stage? Sorry If i'm making this difficult but this just really seems to be stuck in my head. I know i'm probably making a big deal out of nothing but i just need to understand. Maybe I'm making it harder than it is? I don't know.
So, do I just work a 9 to 5 for a little bit, live below my means, get some money saved up, then invest? and after I invest and get passive income coming in then I stop saving and just keep re investing so that my wealth begins to build? Please let me know
Thanks for your time. I wish you all great success.