You must want more, and never settle for less.

"If you're thinking of debt, that’s what you're going to attract"

Bob Proctor

Many people often live below their means. When I hear people say "you gotta cut back on your expenses and live below your means to get ahead", I get aggravated. That statement to me simply means trading happiness for security. For some people this is acceptable, security makes them happy, but for most and definitely for me I want to enjoy the good things in life, and so should you! 

Don't get me wrong I believe cutting back in times of trouble is necessary, but it should only be short term. Instead of thinking in the mindset of "Oh I cannot afford this and that, because I am in so much debt" you must begin to think "I can afford this and that its just a matter of time, instead of cutting back, I am going to learn how to make more money" 

Begin to budget correctly, you cannot spend money you do not have, and you must build assets to pay for liabilities. Use your income to build more assets. The more assets you have, the more liabilities you can purchase wisely, it's always smart to keep a security fund. 

An asset is a money outlet in which money gets put into your pocket.

A liability is simply something that takes money out of your pocket.

Your car, house, and cell phone are all liabilities. Liabilities take your money away.

Your savings account, money market fund, Cd or bonds, and business venture are all assets. Assets make you more money!

My definition of wealth is having more assets than liabilities. Take your income and asset money and add them together. If your income equals more than you are paying out for liabilities, I consider you wealthy. I personally do not care how much you have or do not have yet. As long as you are making more money from your assets than your liabilities you are wealthy. The goal is once you hit the spot where you are making more than paying out, you continue to build assets instead of buying liabilities. Once you are comfortable with your assets, you can buy something. A new car or boat, just make sure you have the money coming from an asset to pay for it. The cycle will continue as long as you continue to think in terms of growth. Make your money work for you.

Here is Robert Kiyosaki's Asset vs Liability Chart.