New Rule Of Money = Spend, Don't Save!

Just received an email from “Rich Dad” - New Rule #1: Spend, Don’t Save!

Old Rule #1: Save Money – but it will not make u rich? 

New Rule #1: Spend, Don’t Save!

("In the new rules, it is more important that you know how to spend your money, not just earn or save it. In other words, people who spend their money wisely will always be more prosperous than those who save their money wisely. Of course, by spend we mean invest or convert your money into long-lasting value.

The rich understand that in today’s economy you cannot become wealthy by sticking your money under a mattress—or even worse, in a bank. They know that the key to wealth is investing in cash-flowing assets.

Today, you need to know how to spend your money on assets that retain their value, provide income, adjust for inflation, and go up in value—not down.”)

Hmmm... interesting change in mindset? So have I been spending more to make me rich?

1. I spend on RSP so I can earn more bonus interest in DBS Multiplier Account
2. I charge/spend on credit cards so I can earn more bonus interest in DBS Multiplier Account.
3. I charge/spend on credit cards so I can earn more bonus interest in UOB1, OCBC 360 and BOC Smartsaver. Oops, from next month I cannot charge to earn bonus interest in UOB1 anymore!
4. I spend on Whole Life Insurance (death, tpd, CI) premiums every month to generate another source of retirement income when I no longer need the insurance cover.
5. I used to spend on endowment plan premiums to earn more bonus interest in DBS Multiplier Account and other high interest savings accounts.
6. I charge to credit cards to earn rebates ( now most rebates already rip)
7. I spend time playing games to earn more bonus interest in high interest savings account.

These are just some of my “spending habits” to make me "rich", haha, and it works!