In 1997, in Rich Dad, Poor Dad, I stated, ‘Your home is not an asset.’ Real estate agents sent me hate mail.
If you have little money and you want to be rich, you must first be focused, not balanced.
If you want more income, learn to sell.
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. 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.
Business owners can go on vacation forever because they own a system, not a job. If the B is on vacation, the money still comes in.
A fool and his money is one big party.
Time is one of your greatest assets.
Life pushes all of us around. Some people give up and others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something. They learn and move on.
Each dollar in my asset column was a great employee, working hard to make more employees and buy the boss a new Porsche.
It’s not what happens in one’s life that matters, but it’s the meaning one puts on what happens that matters.
They are in such a hurry to make money that they eventually lose both time and money,” I added. “They want to do things on their own rather than invest in a little study.
Mind your business. Don’t spend your whole life working for someone else.
It is what you know that is your greatest wealth. It is what you do not know that is your greatest risk. There is always risk, so learn to manage risk instead of avoid it.
Luck is created. So go create yours.
Many people invest because they want to get rich quickly. So instead of becoming investors, they wind up being dreamers, hustlers, gamblers, and crooks.
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.
There are legal Ponzi schemes and illegal Ponzi schemes. Social Security is a legal Ponzi scheme, as is the stock market.
The lesson: The increases in income are going to entrepreneurs and investors, not to employees – not to the people who work for money.
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.
An entrepreneur can make money out of nothing.
Most people have a price. And they have a price because of human emotions named fear and greed.