Does Frugality Make Sense?
I have always struggled to marry the concepts that "Rich Dad" Robert Kiyosaki and "Money Lady" Suze Orman teach. I listen to both financial gurus, and both teach conflicting lessons about money. Robert Kiyosaki does not like living below your means while Suze Orman does. If you have read my other articles on personal finance , you'll know that I am big on living below your means and frugality. So let's look at why Robert Kiyosaki doesn't like frugality. Wealth is abundant and is limitless; therefore frugality doesn't make sense. This school of thought can be found in Napoleon Hill's Think and Grow Rich. If you think about it, wealth is infinite and, in fact, can be created by anyone who wishes to do so. Robert Kiyosaki tells us to EXPAND our means instead of to live below our means. Another reason Robert Kiyosaki does not like frugality is because it can drive you to stagnation. If you live below your means, you might find yourself too c