Last month I just re-read Robert T. Kiyosaki’s classic book, Rich Dad, Poor Dad. This is a book I strongly suggest you read for its unique depth, especially when it comes to wealth building, money management, and attitude towards money in general.
In this post, I’m sharing with you 25 inspiring and lesser known quotes I found in the book that will help you gain insight into the way you think about wealth creation.
Money is just an idea.
Failure inspires winners. And failure defeats losers. It is the biggest secret of winners. It’s the secret that losers do not know. The greatest secret of winners is that failure inspires winning; thus, they’re not afraid of losing.
…One dad had a habit of saying, ‘I can’t afford it.’ The other dad forbade those words to be used. He insisted I ask, ‘How can I afford it?’ One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think.
In today’s fast-changing world, it’s not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless.
Sight is what you see with your eyes, vision is what you see with your mind.
We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence.
If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
I’d rather welcome change than cling to the past.
Emotions are what make us human. Make us real. The word ’emotion’ stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself.
The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
If you realize that you’re the problem, then you can change yourself, learn something and grow wiser. Don’t blame other people for your problems.
I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.
Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.
If fear is too strong, the genius is suppressed.
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.
When you come to the boundaries of what you know, it is time to make some mistakes.
The richest people in the world build networks; everyone else is trained to look for work.
Skills make you rich, not theories.
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.
Leverage is the reason some people become rich and others do not become rich.
A plan is a bridge to your dreams. Your job is to make the plan or bridge real, so that your dreams will become real. If all you do is stand on the side of the bank and dream of the other side, your dreams will forever be just dreams. First make your plans real and then your dreams will come true.
The more a person seeks security, the more that person gives up control over his life.
One of the most important things a real investor needs to say is this; “I want my money back and I also want to keep my investments.
You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know… An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
There is always risk, so learn to manage risk instead of avoiding it.