This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Most people opt out of buying if they can’t afford it
For most people, when they come across a purchase they would like to have but can’t afford, they cave and simply don’t buy it. However, for a select few, they take the time to think about how they could afford to make the purchase happen.
It’s easy not to use your brain and think. It takes more effort to birth a strategy that could change your usual outcome. If you can’t afford something, don’t stop there; instead, use that as a starting point to achieve the result you seek.
How A Porsche Can Make You Richer
Robert T. Kiyosaki finally found the classic Porsche of his dreams on sale for $50,000 (it usually costs more than $120,000). At the time, $50,000 was all he had in his bank account, and he didn’t want to spend all of his money on a liability. Instead of proceeding with the purchase, he first thought about an asset he could acquire to pay for the liability. In his case, it was a multi-unit storage property he bought for $250,000.
He utilized the $50,000 in the bank account as a down payment for the property, providing $2,700/month in revenue. With expenses minus the mortgage on the property, he netted a $1,000 profit, which covered the payment for the Porsche. Ca-ching! Not only did he find a way to pay for the Porsche, but he also found a way to make the classic Porsche an asset relatively quickly, increase his monthly income, and elevate his net worth by purchasing a new property.
What Do You Want?
Maybe you want to make a $10,000 purchase that requires a monthly payment of $250. However, you don’t have the money to make that payment.
Is there a way you could create additional passive income from one of your current streams to cover the $250?
Is there an investment that you can utilize debt (e.g., credit card) to purchase to bring in enough revenue to cover the payment for the $10,000 purchase and amortize itself?
There is always a way. You only need to be creative enough to think of one.
The next time you want to buy something, but think you can’t afford it, take a moment to think about all of the ways you could afford it.
I love the philosophy that Robert T. Kiyosaki belabors in “Why the Rich Are Getting Richer”: Don’t just live below your means. Learn how to expand your means.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.