Quotes from Robert T. Kiyosaki

It's only losers who think that winners never lose, who think that mistakes must be avoided at all costs. Mistakes are priceless opportunities to learn essential lessons.

GO TO SCHOOL? While I am a huge supporter of education and life-long learning, "going to school"—especially college—has become a financial nightmare. Student loan debt is at record highs with 44 million Americans owing nearly $1.3 trillion. Again: that's trillion… with a T.

The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.

Left-hemisphere moment: Choose to analyze instead of criticize. Cynics criticize, but winners analyze and spot overlooked opportunities that others have missed. Right-hemisphere moment: Overcome bad habits by putting new ones in place, such as paying yourself first instead of last. Subconscious moment: Fear of failure keeps too many people out of the game. Instead, use failure as inspiration to succeed, as Texans do with the memory of the Alamo.

Pay your brokers well: the power of good advice Sometimes

The rich created the corporation as a vehicle to limit their risk to the assets of each voyage.

This is the cash-flow pattern of a rich person:

IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK.

So that's why the 10 cents an hour," I said, smiling. "It's a part of the lesson." "That's right," smiled rich dad. "You see, your dad went to school and got an excellent education, so he could get a high-paying job. But he still has money problems because he never learned anything about money

Un activo pone dinero en mi bolsillo. Un pasivo saca dinero de él.

but you haven't kept your word

As I said, the passage of taxes was only possible because the masses believed in the Robin Hood theory of economics: Take from the rich, and give to everyone else. The problem was that the government's appetite for money was so great that taxes soon needed to be levied on the middle class, and from there it kept trickling down.

and he was now passing on his lessons from retirement to me.

simply keep deferring their real estate capital gains and then, at the end of their lives, roll that real estate into something like a charitable remainder trust.

Many middle managers remain middle managers, failing to get promoted, because they know how to work with people below them, but not with people above them.

You made me wait and don't show me any respect. I'm only a little boy, but I deserve to be treated better.

If the ship was lost, the crew lost their lives, but the loss to the rich would be limited only to the money they invested for that particular voyage.

It is due to these legal loopholes that so many rich people donate their mansions or other parts of their estate at the end of their lives.

assets put money in your pocket.

The tax man will always take more if you let him. The first lesson of having money work for you, as opposed to you working for money, is all about power. If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

I came away with the impression that this guy was either the most forward-thinking finance expert on the planet, or a crack smoker who simply placed his hands on the keyboard, attached electric stimuli to his genitalia, flipped the switch, and started typing.

Their families have often become very wealthy through the deferral of the taxes on these assets they donate, and do not need the asset that made them rich anymore.

Kim and I did not take the offer, although it was tempting.

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school.