I Am An Adult Without Much Money, What Should I Do?
I personally felt that this chapter was the least resourceful so far. Robert talks about the economy and how the world is growing really fast yet the US economy seems to be getting worst. He mentions how adults that don’t have much money have two choices in life:
1) Live Below Your Means
2) Expand Your Means
In a more down to earth way, he would describe it as such:
1) Simplicity
2) Complexity
As frequently mentioned throughout the book, he chooses to not live below his means and how many financial advisors recommend people to do the opposite. To expand your way of thinking, he recommends that you travel to France, New York, Los Angeles, Hong Kong, Singapore, Shanghai, India, Dubai, Prague, London, Dublin and then back to your home. This will help you to realize how fast the economy is moving in different countries or to show you how slow you are going. Afterwards, he recommends that you try to meet like minded people by joining a club and talks a lot about his Cashflow game and such.
Donald talks about health and how money is useless if you are not healthy. If it was the other way around, being healthy means that you can make things happen financially. He stresses how increasing your financial IQ is important as when you get older the room for making big mistakes get smaller.
The whole chapter seemed very generic to me and felt more like an advertising vehicle in many parts. For people without much money, I think the key to turning things around is just realization on what is coming in and what is going out and whether or not what you are doing allows you to maximize your results for your efforts.