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When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it.
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
Mutual
Diversify
Taking
Diversified
Already
Gasoline
High
Funds
Water
Adding
Something
Juice
Like
Orange
Fund
Diversifying
More quotes by Robert Kiyosaki
When people are lame, they love to blame.
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A great property manager is key to success in real estate.
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...Stop blaming me, thinking I'm the problem. If you think I'm the problem, then you have to change me. If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Most people want everyone else in the world to change themselves. Let me tell you, it's easier to change yourself than everyone else.
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Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
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Passion pushes you to learn more, create more and to create better. Best of all, it's contagious.
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Successful people ask questions. They seek new teachers. They're always learning.
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If you want to thrive in today's economy, you must challenge the status quo and get the financial education necessary to succeed.
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Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
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Making mistakes isn't enough to become great. You must also admit the mistake, and then learn how to turn that mistake into an advantage.
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If you are not a brand, you are a commodity.
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My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
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My father was a university professor and his thing was tenure. Any time I hear a university professor say tenure, I hear the word dinosaur. You're not supposed to be getting tenure. You're supposed to be figuring out how you can teach more students at a better price and more effectively. That's your job.
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Talk is cheap. Learn to listen with your eyes. Actions do speak louder than words. Watch what a person does more than what he says.
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In the world of entrepreneurs, you don't need a college education. You need a proper education.
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A good leader is always looking for people smarter and more experienced than they are. If you are the smartest one in the room, then you are stupid.
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The most successful people in life are the ones who ask questions. They're always learning. They're always growing. They're always pushing.
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In school, you are given the lesson first. On the street, you're given the mistake first and then it's up to you to find the lesson, if you ever find it.
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Inside each of us is a David and a Goliath.
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An active investor is someone who actually lives off their investments as opposed to wages from a job.
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The most successful people are mavericks who aren't afraid to ask why, especially when everyone thinks it's obvious.
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