Let’s address the elephant in the room: the conventional wisdom and mantra we’ve been taught since childhood: save your money.
Some wealthy individuals go against the grain, such as Robert Kiyosaki, the author of Rich Dad, Poor Dad. He criticizes traditional financial advice such as getting a job, attending school, and saving money. Why? In today’s economic environment, he considers this approach to be risky.
However, you shouldn’t completely disregard the importance of saving. After all, it serves as a safety net and a buffer against unexpected expenses. Here is the not-so-secret secret: saving alone will not make you wealthy.
This post originally appeared at DUE.