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Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
Robert Kiyosaki
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Robert Kiyosaki
Age: 77
Born: 1947
Born: April 8
Blogger
Businessperson
Entrepreneur
Financier
Helicopter Pilot
Investor
Military Officer
Motivational Speaker
Radio Personality
Teacher
Hilo
Hawaii
Robert Toru Kiyosaki
Robert T. Kiyosaki
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Assets
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Rule
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Pocket
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Just as a fisherman must watch the ebb and flow of the tides, an investor and businessperson must be keenly aware of the subtle shifts in cash flow.
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The reason so many financial advisors are called brokers is because they are often broker than you.
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Investing isn’t risky not being in control is risky.
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Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth.
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Look at the world of books nowadays. People just download books. They don't go to a bookstore. Amazon is wiping out Borders and Barnes and Noble. Those are brilliant examples of ephemeralization doing more with less at a better price.
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Don't bury your failures, let them inspire you.
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We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.
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The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich.
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I can lose three million dollars because it's just paper. Thus, my lifestyle is not dependent up the stock market.
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Get out of your own way. Often, we're our own worst enemy when working towards our goals.
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Schools teach you how to work for money, but don't teach how to make money work for you
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Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.
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The only person who is going to give you security and the life you want is you.
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People who are unwilling to make mistakes or have made mistakes and have not yet learned from them are those who wake up each morning and continue to make the same mistakes
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Self-discipline is the No. 1 delineating factor between the rich, the middle class and the poor.
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You will make some mistakes but, if you learn from those mistakes, those mistakes will become wisdom and wisdom is essential to becoming wealthy.
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If you want to be rich the rule of thumb is to teach others how to be rich.
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That's correct, I flunked out of high school twice because I couldn't write.
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If you want to retire young and retire rich, it is very important that your money be like a bird dog, going out every day and bringing home more and more assets.
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Taking one step, doing one thing every day that will get you closer to your own financial dream.
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