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Updated over 7 years ago,
When is a good time to spend money on things other than assets
Hello BP my question is at what point in all of your opinions do you feel you have reached the point to start spending money from cash flow on things other than gaining more assets.
I'm starting out and obviously all I'm really concerned with right now is gaining more and more assets for more cash flow! But there is gonna be a point where I want to do things. Such as part of my goals, pay off my parents debt, buy gem a new car, buy myself a new car, a house for my parents, etc.
I don't really care about living the Richie rich lifestyle but once I reached my goal of becoming a milionare I definitely want to spend on some stuff.
Thank you!