Quotes from Robert T. Kiyosaki

Education and wisdom about money are important. Start early. Buy a book. Go to a seminar. Practice. Start small. I turned $5,000 cash into a one-million-dollar asset producing $5,000 a month cash flow in less than six years. But I started learning as a kid. I encourage you to learn, because it's not that hard. In fact, it's pretty easy once you get the hang of it.

It does not take money to make money. It takes words. The difference between a rich person and a poor person is the person's vocabulary.

The greatest losses of all are those from missed opportunities.

Success is the ability to go from one failure to another with no loss of enthusiasm.

I am constantly shocked at how little talented people earn.

It reminds me of the story of the guy sitting with firewood in his arms on a cold, freezing night. He is yelling at the pot-bellied stove, "When you give me some heat, then I'll put some wood in you!" And when it comes to money, love, happiness, sales, and contacts, all one needs to remember is to give first.

They treat their home as their primary asset, instead of investing in income-producing assets.

your money is tied up in your house

They are one skill away from great wealth.

He believed in paying professionals well, and I have adopted that policy also.

Often I ask people, "What is your business?" And they will say, "Oh, I'm a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business

My rich dad taught me about systems and how to be a leader of people, not a manager of people.

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.

Why climb the ladder? Why not own the ladder?

1.?Loss of time, during which other assets could have grown in value.

I don't work for money!" were words he would repeat over and over. "Money works for me!

As George Orwell wrote in his book 1984, "In a time of universal deceit, telling the truth is a revolutionary act.

the reason so many people fail to achieve success is because they fail to fail enough times.

This costs them investment experience.

A broker is my eyes and ears in the market. They're there every day so I do not have to be.

Yes," said rich dad. "Learn to use your emotions to think, not think with your emotions.

An asset puts money in my pocket. A liability takes

Acquire the type of assets you love, because you will take better care of them and enjoy learning about them.

He truly believes in pay raises based on loyalty and longevity.