Kiyosaki talks about the same. Using the cash generated by your assets to fund any purchases.

Fastlane would agree

 

MMM is great, and is what started me on the fastlane path that I'm on now.

What he preaches is very different from most sh*tty mainstream financial advice.


Step 1. Get high paying 6-figure job.
Step 2. Save 70%+ of the income for 7-10 years until investment income covers expenses.
Step 3. Retire and have the time and freedom to create a lifestyle that isn't poor, just efficient and not wasteful. (i.e. you aren't working, so you can afford to do that re-hab project yourself for less than half the cost of paying someone else to do it).
Step 4 - optional: You're no longer working, so your hobbies or side projects might end up making money anyways, thereby improving your lifestyle further.


In a perfect world, a business would get you to financial freedom faster than 7-10 years. But in reality, I think the path is a lot more zig zag for most of us, and that when you take into account the failed business ideas, and the ups and downs, it probably takes about the same amount of time.

Of course, a business will give you more wealth and more upside to your lifestyle.

But for some, having complete freedom of time, and living simply, is enough for a completely happy life.


I'm somewhere in between.