Finding your path means finding out what you were put here on this earth to do. What is your life’s purpose? Why were you given this gift called life? And what is the gift you give back to life?
Rich dad said that financial intelligence determined, not so much how much money you make, but how much money you keep, how hard that money works for you, and how many generations you can keep it.
Rule One. You must know the difference between an asset and a liability, and buy assets.
So when you’re in doubt and feeling a little afraid, just do what Colonel Sanders did to his little chicken. He fried it.
The path is the goal.” In other words, finding your path in life is your goal in life.
Wealth is a person’s ability to survive so many number of days forward – or, if I stopped working today, how long could I survive?
I recommend to young people to seek work for what they will learn, more than what they will earn. Look down the road at what skills they want to acquire before choosing a specific profession and before getting trapped in the Rat Race.
There is always risk, so learn to manage risk instead of avoiding it.
Sometimes you win and sometimes you learn. But have fun. Most people never win because they’re more afraid of losing.
Great opportunities are not seen with your eyes. They are seen with your mind. Most people never get wealthy simply because they are not trained financially to recognize opportunities right in front of them.
He said it was better to work years at creating an asset rather than to spend your life working hard for money to create someone else’s asset.
As Winston Churchill said, “Success is the ability to go from one failure to another with no loss of enthusiasm.
Social welfare is destroying the soul of America. Social programs are cancers growing within the spirit of the people they were created to serve. Social programs do not make people stronger. They keep people weak, depending on the government to solve their problems.
A high-income job, a big house, nice cars, and lavish vacations don’t mean you are rich, in fact, they could mean exactly the opposite.
Those who have safe and secure jobs pay more taxes than those who own the business that provides the jobs.
Rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
Passion is the beginning of success.
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.
Learn to use your emotions to think, not think with your emotions.
If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past.