Financial Wisdom From Robert Kiyosaki, Author Of ‘Rich Dad Poor Dad’
Investopaper
Robert Kiyosaki is a businessman and an author of the popular book ‘Rich Dad Poor Dad’. He has authored more than 26 books with total sales of more than 41 million copies worldwide. ‘Rich Dad Poor Dad’ is one of the best selling personal finance books of all times. Kiyosaki encourages people to invest on the assets rather than the liabilities.
Here are some of the wisdom (quotes) for financial freedom by Robert Kiyosaki.
Financial Wisdom (Quotes) From Robert Kiyosaki
The richest people in the world look for and build networks; everyone else looks for work.
Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
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 the remaining.
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It’s really sad.
Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You cannot have success without failure.
The rich are those who play to win. The middle class plays not to lose.
Rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
In the world of money and investing, you must learn to control your emotions.
Don’t be addicted to money. Work to learn. Don’t work for money. Work for knowledge.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
Often, the more money you make the more money you spend. That’s why more money doesn’t make you rich, assets make you rich.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
The love of money is not the root of all evil. The lack of money is the root of all evil.
One of the reasons so many people get burned in the market is because they start buying as they see prices going up.
If you’ve failed, that means you’re doing something. If you’re doing something, you have a chance.
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.
Education is what you learn after you leave school.
The only difference between a rich person and poor person is how they use their time.
Our brains are either our greatest assets or our greatest liabilities.
The rich continue to get rich the same way they always have – by understanding how money works and making their money work for them.
The more a person seeks security, the more that person gives up control over their life.
If you’re working for a good company and you’re happy there, and you’re being compensated accordingly, and your work satisfies you, you should stay there.
