Maybe he was, but the real estate stuff wasn't what I was talking about. (I personally would avoid real estate myself. Too many headaches in my opinion.) All the books that I pointed out all say the same thing in regards to money. If you spend more that you make with the expectation of making more, you don't get anywhere. You have to save it (and invest as well, if you would like) in order to be prepared for rough waters or even just retirement.
Many lottery winners go bankrupt after they win b/c they spend their money like maniacs. Sometimes it might seem a bit heady to suddenly be making much more than you were before, but AM is not something that you go out and take a loan out on a $50K car 'cause you expect to be making what you are now forever.