Quotes from Robert T. Kiyosaki

He understood that every person has a weak and needy part of their soul that can be bought, and he knew that every individual also had a part of their soul that was resilient and could never be bought. It was only a question of which one was stronger.

For example, "1031" is jargon for Section 1031 of the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. Real estate is one investment vehicle that allows such a great tax advantage.

There are business and investment opportunities coming that will create bigger fortunes than the automobile did for Henry Ford, oil did for John D. Rockefeller, computers did for Bill Gates, and the Internet did for the young founders of Yahoo, Google, and Facebook.

In times of great economic change, there are always great transfer of wealth. Even if you do not have much money, it is important to incest in your education... for when the changes come, you will be better prepared for them. Don't be caught unaware and afraid. As I said, no one can predict what will happen, yet it is best to be prepared for whatever happens. And that means getting educated now.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

In the early 1990s, Donald Trump was nearly $1 billion in debt personally and $9 billion in debt corporately. An interviewer asked him if he was worried. He replied, Worrying is a waste of time. Worrying gets in my way of working to solve these problems.

Taxes punish those who produce and reward those who don't produce.

It's not what happens in one's life that matters, but it's the meaning one puts on what happens that matters.

Today, I have expensive attorneys, accountants, real estate brokers, and stockbrokers. Why? Because if, and I do mean if, the people are professionals, their services should make you money. And the more money they make, the more money I make. We

I just could not pass up these small deals.

If I make great profits in the stock market, I pay my capital-gains tax on the gain and then reinvest what's left in real estate, again further securing my asset foundation.

one of the government's requirements is that anyone it lends money to must have a successful track record at managing multifamily apartment houses.

She also kept the books, logging in how many kids showed up each day, who they were, and any comments they might have. Mike and I averaged $ 9.50 per week over a three-month period. We paid his sister one dollar a week and allowed her to read the comics for free, which she rarely did since she was always studying.

Remember what I said before: A job is only a short-term solution to a long-term problem.

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times—for all the right reasons—but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions.

Everyone wants to go to heaven, but no one wants to die." Most people dream of being rich, but are terrified of losing money. So they never get to heaven.

The world is filled with talented poor people. All too often, they're poor or struggle financially or earn less than they are capable of, not because of what they know, but because of what they do not know.

Many people want these government loans, but very few people qualify for them

Action always beats inaction.

The fear of losing money is real. Everyone has it. Even the rich. But it's not having fear that is the problem. It's how you handle fear. It's how you handle losing. It's how you handle failure that makes the difference in one's life. The primary difference between a rich person and a poor person is how they manage that fear.

explain that people look at a piece of real estate, or the name of a stock, and often make their decision based on what their eyes see, what a broker tells them or on a hot tip from a fellow worker. They often buy emotionally instead of rationally.

Cynics criticize, and winners analyze" was

The government will even lend you the money to fix up or rehabilitate the project if you qualify.

My income is higher because I use the leverage of assets rather than the leverage of my labor.