Robert Kiyosaki

Rich Dad Poor Dad

gilang ridwanhas quoted25 days ago
“Most people have a price. And they have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set.”
“What pattern?” I asked.
“The pattern of get up, go to work, pay bills; get up, go to work, pay bills. People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.”
Tatyana Shevchenkohas quoted4 hours ago
But more money will often
b2564866391has quoted2 days ago
The more he understood accounting and cash management, the better he was at analyzing investments and eventually building his own company
Luis Silvahas quoted2 days ago
“How can I afford it?”
b2564866391has quoted3 days ago
Minding your business doesn’t mean starting a company, though for some people it will. Instead, your business revolves around your asset column, not your income column
b2564866391has quoted3 days ago
Keep your day job, be a great hardworking employee, but keep building that asset column
b2564866391has quoted3 days ago
When I say mind your own business, I mean to build and keep your asset column strong
b2564866391has quoted3 days ago
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities
b2564866391has quoted3 days ago
Stocks
• Bonds
• Income-generating real estate
• Notes (IOUs)
• Royalties from intellectual property such as music, scripts, and patents
• Anything else that has value, produces income or appreciates, and has a ready market
b2564866391has quoted4 days ago
Keep expenses low, reduce liabilities, and diligently build a base of solid assets.
b2564866391has quoted4 days ago
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home
b2564866391has quoted4 days ago
Life is sometimes tough when you do not fit the standard profile
b2564866391has quoted4 days ago
To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column.
b2564866391has quoted4 days ago
Mind your own business
b2564866391has quoted4 days ago
The rich focus on their asset columns while everyone else focuses on their income statements
b2564866391has quoted6 days ago
By not fully understanding money, the vast majority of people allow its awesome power to control them
b2564866391has quoted6 days ago
Want to grow rich? Concentrate your efforts on buying income-producing assets—when you truly understand what an asset is. Keep liabilities and expenses low. You’ll deepen your asset column
b2564866391has quoted6 days ago
The result is that the rich who understand the difference between assets and liabilities, get richer
b2564866391has quoted6 days ago
If you want to be rich, you need to be financially literate
b2564866391has quoted6 days ago
The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less than the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor
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