‘All persons are hypnotized from infancy by the culture in which they grow up. The prime task of adult life is dehypnotization, enlightenment.’ -Willis Harmon and Howard Rheingold
Have you heard the phrase ‘time is money‘?
What does that even mean?
Money is money and time is time. 2 seemingly totally different things.
Robert Kiyosaki teaches that wealth is measured in time, not dollars.
Here are 2 examples that helped to make sense of this for me.
Example 1.
This is the major reason my wife and I decided to work diligently to eliminate bad debt (debt we pay the interest on) as soon as we could.
Example 2.
Let’s say you have $150,000 in cash and your monthly expenses are $3,000 per month.
If you divide your expenses into your cash on hand, you’ll come up with the number of months you can live without the need to earn any additional income, which, in this case is 50 months or 4.16 years.
If these were your numbers, you’d be 50 months or 4 years rich.
This is why cash flow is such an important part of the freedom equation.
If you have a consistent monthly cash flow from some sort of business or real estate investment that equals or surpasses your monthly expenses, you are (according to the above definition) super or infinitely wealthy because you have zero need to go and produce any more income at all.
This is an important distinction because it means you can be wealthy with time, without having hundreds of thousands -or millions of dollars in the bank.
A shortcut.
A rich man’s view of wealth. 🙂