Spend like You Want To Grow Rich

In the first chapter of Millionaire Teacher, teaches us the first rule of wealth which is “Spend Like You Want To Grow Rich”. Beside that, Mr Andrew Hallam explains to us what his definition of wealth is.  ARE THINGS ALWAYS WHAT THEY APPEAR TO BE? DOES ONE LOOK RICH REALLY RICH?

How would he define wealth?

For people to be considered wealthy, they should meet the following two criteria:

1. They should have enough money to never have to work again, if that’s their choice.
2. They should have investments, a pension, or a trust fund that can provide them twice the level of their country’s median household income over a lifetime.

“Just because someone collects a large paycheck, drove a Jaguar and lives like Persian royalty doesn’t necessarily mean he or she is rich.”

To be honest, i really like luxurious cars, sport cars, expensive cars,...eg: Ferrari, Lamborghini, Subaru,... I’ve always wanted and want to own one of those. But after i read the first chapter of Millionaire Teacher, my mind is totally changed. I’ve learn that looking wealthy isn’t being wealthy.

Family connection: In the first 17 years of my life, i lived in Vietnam, Malaysia and Singapore. I moved to Malaysia 3 years ago. And that was the ever first time my family actually bought a car. We owned a Toyota Vios 1.5G. I was really upset when my parents decided to buy that car. I expected more than just a Vios. I thought that it would be a shame when my dad ride me school with that car. I was really upset so my mom came to me and explained to me. She told me that making money is not easy and when we had it we have to appreciate use it wisely. We are not poor but we ain’t rich. My mom’s company supported my family for buying cars but we had to pay them back monthly. I asked her “Since your company is helping us in paying for the cars, why don’t you choose a nicer car?”. “Buying car is a waste but since we need transport to live here so the company give us the opportunity. Car uses up lots of money, gas, oil, maintenance,...” And she explained to me that she came to Malaysia to find her a better opportunity and have me a better education as well as my little sister. Instead of spending all the money to the car, we could use them to invest in something else usefull.