Does Zero Liability Mean We Are Rich?

I have been wondering about this… Does it mean we have to scrimp and save while making the most money that we can? Or, does it mean we are aiming to get what we want in life to be an eligible rich person? It may sound really weird to me when I heard somewhere that the secret to become rich is to have the least liability that you can while having the most assets that you might get. I guess that everybody thinks along the same line all along to have almost zero liabilities as possible… But is it really possible to have as little liability as possible?

This has brought me to think of the cash flow game that Robert Kiyosaki had derived from his famous book “Rich Dad Poor Dad”. Robert did say that we have to buy assets and not liabilities… But I think many people didn’t realize that he also went on to say that doodads are not avoidable and it should be part of our life since it is realistic in this world that we are all making money to buy doodads. Doodads actually mean “Do That”… Which mean things that we want to do or have… They may be liabilities… But they are the very reason why we want to make a lot of money… Isn’t that obvious?

Having said so, if we were to reject any doodad in our life, we might actually be hurting our future as well. Just imagine you are in the midst of making money online, and you are facing a nice problem of buying that huge liability (such as a boat)… You have been thinking whether you should buy this boat as you may have the money anyway… On the other hand, buying this boat means higher liability to you which means you have to work harder… You may reason to yourself that you don’t want to do anything to jeopardize your path to riches… And in the end, your logics have got onto your head and you didn’t get what you want and may even make your people surrounding you to be unhappy because of your “stinginess”.

While having liability might be bad to our wealth management, having liability might bring in comfort to you and the surrounding too. In fact, when I look at how the cash flow game is structured, the doodad is actually part of the game which we must pay for it no matter how rich or poor we are. We have no chance to avoid it… And in the course of the game, we are made to feel that doodads are useless to our plan to become rich. But in actual life, those doodads are the ones which are making us happy and comfortable. While making more money seems to make us happier, they are still in the form of paper which is not what we want…

Hence, don’t look at money as the end result… Look at what you want in life… Money is just part of the process of getting what you want only… Isn’t that a bigger picture of the whole truth?