Quotes from Robert T. Kiyosaki

Rich dad encouraged Mike and me to know a little about a lot. He encouraged us to work with people smarter than we were and to bring smart people together to work as a team. Today it would be called a synergy of professional specialities.

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 has a great tax advantage. As long as you keep trading up in value, you will not be taxed on the gains until you liquidate.

I simply let the idea of investing in real estate for passive income rattle around in my brain for years before I bought my first property.

Find mentors who have already successfully made the crossing before.

Financial struggle is often the result of people working all their lives for someone else.

Subconscious moment: The situation you fear most is the skill that you need to learn and conquer. And you may have to force yourself to do it, though—like going to the gym—you'll be glad you did. What

You want to know a little about a lot" was rich dad's suggestion.

My first day as an entrepreneur was not off to a very good start.

There is gold everywhere. Most people are not trained to see it." "Without a strong reason or purpose, anything in life is hard." "Financially, with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor, or middle class.

Today most of us know that job security is a thing of the past

It was relatively effortless, but only after I let the idea become a part of my new reality.

People's lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.

But the truth is that you let life push you into submission. Deep down you were terrified of taking risks. You really wanted to win, but the fear of losing was greater than the excitement of winning. Deep inside, you and only you will know you didn't go for it. You chose to play it safe.

Do you understand the difference in thinking?

Buying a luxury on credit often causes a person to eventually resent that luxury because the debt becomes a financial burden.

If fear keeps you prisoner in one of the financial quadrants, I recommend reading Emotional Intelligence by Daniel Goleman.

All too often, instead of trusting their inner wisdom, that genius inside, most people follow the crowd.

Her articles held a reader's interest.

The reason is the same reason many people don't start their own businesses. It can be summed up in one word: risk.

he naturally clung desperately to his job.

We just began to separate from the crowd.

Cynics never win," said rich dad. "Unchecked doubt and fear creates a cynic." "Cynics criticize, and winners analyze" was another of his favorite sayings.

Money only accentuates the cash-flow pattern running in your head. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending. Thus, the saying, "A fool and his money is one big party.

1.?Businesses that do not require his presence: He owns them, but they are managed or run by other people. If he has to work there, it's not a business. It becomes his job. 2.?Stocks 3.?Bonds 4.?Income-generating real estate 5.?Notes (IOUs) 6.?Royalties from intellectual property such as music, scripts, and patents