"Robert Kiyosaki, author of Rich Dad, Poor Dad (worth reading along with its sequels), proposes that rich people get rich by building their net income generatin

"Robert Kiyosaki, author of Rich Dad, Poor Dad (worth reading along with its sequels), proposes that rich people get rich by building their net income generating assets column (i.e. things that generate positive cash flow each month, not "buy and pray" investments like most stocks or houses)" In short this is the equivalent of "find a good lawyer" type advice. Gee thanks for that tip. (As an aside I have those assets and I've done that type of thing with success). The problem is finding those assets and not overpaying for them and making a good deal. Just like someone saying "you have to find a woman/man who is this not that!". Ok go find that person. The other thing that I have observed over many many years (starting in college when I worked for a lawyer and dealt with some of the deals he was involved in) is that many people who have those assets got them by being turned on to them by people that they know (their attorney, a friend, a business associate) so they are out there circulating in the world and get presented (similar in a much smaller way to what Warren Buffet does) with opportunities. Could be a fraternity brother they keep in touch with etc. That said you still (and this is important) have to know enough to take advantage of the opportunities (so it's not just luck obviously) and of course be the type of person who even is associated with others who have identified opportunities. See [1]. As far as investing in your house well I could spin that the other way. A nice house gives you the opportunity to entertain and meet people. People always like a good party. And if you have a vacation home people will always want to come to your vacation home and stay over. [1] In short, if you have nice things people want to be around you. You meet people. Those people are contacts that can help you with opportunities. [1] I had a vacation home (actually still do) and had a boat. It is a great way to socialize and entertain. Regardless of whether those people are the type that are truly friends or not there is a business value to making contact with people like that in certain situations.