Quotes from Robert T. Kiyosaki

And I read about Donald Trump, trying to find out how he negotiates and puts deals together.

Yet as a teacher, I recognized that it was excessive fear and self-doubt that were the greatest detractors of personal genius. It broke my heart to see students know the answers, yet lack the courage to act on the answer. Often in the real world, it's not the smart who get ahead, but the bold.

tax-lien certificates

Yes," said rich dad. "Some people say I exploit people because I don't pay as much as the sugar plantation or the government. I say the people exploit themselves. It's their fear, not mine.

When the trend of the market is down, the sophisticated investor will use put options not only to make money, but also to protect the value of her stock in case prices begin to fall.

It's like planting a tree. You water it for years, and then one day it doesn't need you anymore. Its roots are implanted deep enough. Then the tree provides shade for your enjoyment. Mike

You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

In an educated society with a well-run government, prices should actually come down. Of course, that is often only true in theory. Prices go up because of greed and fear caused by ignorance. If schools taught people about money, there would be more money and lower prices. But schools only focus on teaching people how to work for money, not how to harness money's power.

What holds you back from achieving your dream?

For the World War II generation, it was considered bad to skip from company to company. Today, it is considered smart. It enables you to learn more and will pay dividends in the long runs. The main management skills needed for success are: 1) Management of cash flow, 2) Management of systems, and 3) Management of people. And the most important specialized skills are sales and marketing. Communication skills such as writing, speaking, and negotiating are crucial to a life of success.

The difference between a gambler and an investor is simple. For a gambler, investing is a game of chance. For an investor, investing is a game of skill.

Their reality blinds them to other realities.

The rich don't work for money.

In the E and S quadrants, discrimination does exist, especially in companies. Your looks, your education, your skin color, and your gender all count on the left side.

Financially successful people aren't scared of losing money. They invest in assets even if they might lose money.

The more we knew about the power of money, the more distant we grew from the teachers and our classmates.

My work does not seem to go anywhere

having the guts to go against the tide and get rich.

Greed is when you get overly excited about your paycheck and spend them in a minute.

Los pobres y la clase media trabajan para obtener dinero. Los ricos hacen que el dinero trabaje para ellos.

The problem was that the rich man was not rich yet, and the poor man was not yet poor.

I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly, they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.

success reveals your failures. In other words, your strengths will reveal your weaknesses.

the pain of losing money is far greater than the joy of being rich.