Reading time: 2 – 2 minutes
(part 2 of 5)
“Poor People Have Big TVs. Rich People Have Big Libraries.”
The late Jim Rohn said that often. It sounds like a glib statement to be sure. and it might offend you if you enjoy your TV. That’s not the point. These days, many rich people do have big TVs of course. The point is that successful people continually invest in developing their minds and creative pursuits, while unsuccessful people just seek instant self-gratification, which tends to default to doing stuff like watching junk television.
A secondary point is that when you buy a TV or any other toy or new car or even a house, it won’t make you more money – in fact it will usually either decrease in value (TVs, Ipods, computers) or it will cost you money to maintain (houses, boats).
Of course with real-estate your investment may be worth more in the future, but if you buy more than you can afford, you’re investing in a liability that sucks up your monthly cash, not an asset. Of course you need a place to live, and having more space than you need can be a pleasant luxury – but the truth 
