Robert Kiyosaki: Wealthy Luxuries Last
on Saturday, October 7, 2017Robert Kiyosaki Money Quote saying that the poor and middle class are most likely to blow their money on unnecessary and wasteful non-necessities before the wealthy do. Robert Kiyosaki said:
“The wealthy buy luxuries last, while the poor and middle-class tend to buy luxuries first” — Robert Kiyosaki
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In this quote, Robert Kiyosaki is contrasting the spending habits and priorities of wealthy people compared to those of the poor and middle class. He suggests that the wealthy tend to purchase necessities and investments before luxuries, while the poor and middle class often do the reverse by acquiring luxuries ahead of more prudent expenditures.
The interpretation is that Kiyosaki views the wealthy as disciplined spenders who satisfy basic needs and build wealth through productive assets before indulging in lavish, discretionary purchases. In contrast, he implies those with less income are more prone to spend beyond their means on luxuries and comforts before securing their financial foundation and security through investments and savings.
Kiyosaki’s message conveys that a key difference between the affluent and others is an emphasis on fiscal responsibility and delayed gratification through prioritizing necessities, education and wealth-generating assets before luxury items that do not confer lasting value. According to Kiyosaki, this order of spending priorities helps explain why some become and remain wealthy while others struggle financially despite earning comparable incomes.
The wealthy buy luxuries last, while the poor and middle-class tend to buy luxuries first
— Robert Kiyosaki. #richdad
— Robert T. Kiyosaki (@theRealKiyosaki) October 3, 2017