Quotes from Robert T. Kiyosaki

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

Rule No. 1, Robert says, is that you must know the difference between an asset and a liability, and only buy assets.

One dad said, "The reason I'm not rich is because I have you kids." The other said, "The reason I must be rich is because I have you kids.

1031: 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.

More money seldom solves someone's money problems. Intelligence solves problems. There is a saying a friend of mine uses over and over to people in debt: "If you find you have dug yourself into a hole... stop digging.

sell. The key to being a great investor is to be neutral to winning and losing. Then

The key to long-term success in life is your education and skills, your life experiences, and most of all, your personal character.

It's fear that keeps most people working at a job: the fear of not paying their bills, the fear of being fired, the fear of not having enough money, and the fear of starting over. That's the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money—and then get angry at their boss.

With all the changes in medicine, many medical specialists are needing to conform to medical organizations such as HMOs.

Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

It's not how much you make but how much you keep—and how many generations you keep it.

There are sophisticated investors who will straddle a short by buying a call option for $51. If the trend did turn up and the stock price went to $60, the investor would pay $51 per share instead of $60 a share, again minimizing their exposure.

These are the people who most often say, "Investing is risky." For them, it is risky, but not because investing is risky. It is their lack of knowledge and formal financial training that makes investing risky.

What he is learning will serve him for life, and he seems to have gained a new respect for the power of money.

I'd rather be excited about making millions than worrying about not getting a raise. This period we are in now is a most exciting time, unprecedented in our world's history. Generations from now, people will look back at this period of time and remark at what an exciting era it must have been. It was the death of the old and birth of the new. It was full of turmoil, and it was exciting.

For example, by owning your own corporation, your vacations can be board meetings in Hawaii. Car payments, insurance, repairs, and health-club memberships are company expenses.

The easy road often becomes hard, and the hard road often becomes easy.

Don't be like my friend who tried to swim against the rip current.

People do two things. Some just let life push them around. Others get angry and push back.

Todo mundo quiere irse al cielo, pero nadie quiere morir.

Do what you feel in your heart to be right—for you'll be criticized anyway. You'll be damned if you do, and damned if you don't.

The single most powerful asset that we all have is our mind. If it is trained well, it create enormous welth.

El problema no es político. A Mayer Amschel Rothschild (1744-1812), fundador del Banco Rothschild, se le atribuye la siguiente frase: "Denme el control del dinero de una nación y no me importará quién haga las leyes.

Wealth is the measure of the cash flow from the asset column compared with the expense column.