I love this quote by Robert Kiyosaki….because it’s so true.
Now, for property investors ‘expenses are the enemy’.
So, we want to negotiate hard on our loan interest rates, and get the best tax advice we can, and live simply etc.
Don’t buy “doo-dads” on credit card.
This then allows us to have more money to buy cash-producing assets.
However, here’s the truth.
It’s far for more fruitful to focus on elevating your income.
Why? Because let’s say you earn $80,000 a year.
If you’ve got a family and you live in a capital city….even if you live as cheapy as “Church mice”….the most you might be able to save is $20,000 a year.
However, how much income can you potentially add… if you have the right “income-producing skills” and take action?
The skies the limit!
Through their “Air Cashflow” strategy she added around $9,040 per month in 90 days.
This would be almost impossible for the average family to save each month by “cutting costs”.
But it’s possible to potentially add this amount to your cashflow, with the right strategy.
So don’t just focus on scrimping and saving – develop a highly valuable income generating skill…then watch your income soar.