Robert Kiyosaki

Rich Dad Poor Dad

gilang ridwanhas quoted6 months 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.”
Алина Гунченкоhas quoted20 days ago
The lesson: The increases in income are going to entrepreneurs and investors, not to employees—not to the people who work for money.
Akmaral Kuralbaevahas quoted9 hours ago
LESSON 2: WHY TEACH FINANCIAL LITERACY?
Бекмурат Амангельдиевhas quoted19 hours ago
Rich dad surrounded himself with men and women who were specialists: attorneys, accountants, brokers, and bankers… and Kim and I have done the same. Today, our team of Advisors is among our greatest assets.

What’s more important than money?

An entrepreneur’s team…
b2811164410has quoted2 days ago
Broke is temporary. Poor is eternal
Merher Manuhas quoted3 days ago
“You mean most workers don’t get paid everything?” I asked with amazement.
“Heavens no!” said rich dad. “The government always takes its share first.”
“How do they do that?” I asked.
“Taxes,” said rich dad. “You’re taxed when you earn. You’re taxed when you spend. You’re taxed when you save. You’re taxed when you die.”
“Why do people let the government do that to them?”
“The rich don’t,” said rich dad with a smile. “The poor and the middle class do. I’ll bet you that I earn more than your dad, yet he pays more in taxes.”
Merher Manuhas quoted3 days ago
“I have kept my promise. I’ve been teaching you from afar,” my rich dad said. “At nine years old, you’ve gotten a taste of what it feels like to work for money. Just multiply your last month by fifty years and you will have an idea of what most people spend their life doing.”
Merher Manuhas quoted3 days ago
“But don’t you feel you should pay them more?” I asked.
“I don’t have to. And besides, more money will not solve their problems. Just look at your dad. He makes a lot of money, and he still can’t pay his bills. Most people, given more money, only get into more debt.”
Merher Manuhas quoted3 days ago
ASSETS OVER INCOME
Buying or building assets that deliver cash flow is putting your money to work for you. High-paying jobs mean two things: you’re working for money and the taxes you pay will probably increase.
I’ve learned to put my money to work for me and enjoy the tax benefits of generating income that doesn’t come from a paycheck.
Merher Manuhas quoted3 days ago
You’d best change your point of view. Stop blaming me and 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 but themselves. Let me tell you, it’s easier to change yourself than everyone else.
Merher Manuhas quoted3 days ago
You lied to me. I’ve worked for you, and you have not kept your word. You haven’t taught me anything.”
“How do you know that I’ve not taught you anything?” asked rich dad calmly.
“Well, you’ve never talked to me. I’ve worked for three weeks and you have not taught me anything,” I said with a pout.
“Does teaching mean talking or a lecture?” rich dad asked.
“Well, yes,” I replied.
“That’s how they teach you in school,” he said, smiling. “But that is not how life teaches you, and I would say that life is the best teacher of all. Most of the time, life does not talk to you. It just sort of pushes you around. Each push is life saying, ‘Wake up. There’s something I want you to learn.’”
Merher Manuhas quoted3 days ago
The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.
Merher Manuhas quoted3 days ago
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth
b6055694325has quoted3 days ago
Lesson #1: The Rich Don’t Work for Money
b2811164410has quoted3 days ago
Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth
Merher Manuhas quoted3 days ago
Being a product of two strong dads allowed me the luxury of observing the effects different thoughts have on one’s life. I noticed that people really do shape their lives through their thoughts.
For example, my poor dad always said, “I’ll never be rich.” And that prophecy became reality. My rich dad, on the other hand, always referred to himself as rich. He would say things like, “I’m a rich man, and rich people don’t do this.” Even when he was flat broke after a major financial setback, he continued to refer to himself as a rich man. He would cover himself by saying, “There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”
My poor dad would say, “I’m not interested in money,” or “Money doesn’t matter.” My rich dad always said, “Money is power.”
The power of our thoughts may never be measured or appreciated, but it became obvious to me as a young boy that it was important to be aware of my thoughts and how I expressed myself. I noticed that my poor dad was poor, not because of the amount of money he earned, which was significant, but because of his thoughts and actions.
b2257510315has quoted3 days ago
An asset puts money in my pocket.
A liability takes money out of my pocket
b2257510315has quoted3 days ago
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets,” said rich dad
Raf Margaryanhas quoted4 days ago
Failure is part of the process of success
Raf Margaryanhas quoted4 days ago
Most people never win because they’re more afraid of losing
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