Quotes About Wealth

Rich Dad Lesson: "Your house is not an asset.

And I've never met someone rich who has never lost money.

It means she used her financial intelligence to afford it.

What would my life be like if I never had to work again?" "What would I do if I had all the money I needed?

If you are a true investor, it does not matter if the markets are going up or coming down. A true investor does well in any market condition.

CORPORATION: Merely a legal document that creates a legal body without a soul. It's not a big building or a factory or a group of people. Using it, the wealth of the rich is protected.

Because it was the income he had to work the least for, it is often the least taxed

So for most people, the reason they don't win financially is because the pain of losing money is far greater than the joy of being rich. Another

Everyone has the fear of losing money; the difference is how you handle fear and losing. The primary difference between a rich person and a poor person is how they manage that fear.

which type of money to work hard for.

Robert T. Kiyosaki

Most people dream of being rich, but are terrified of losing money. So they never get to heaven. Rich

The previous chapter presented diagrams illustrating that most people work for everyone but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.

I have advanced degrees from prestigious schools. What does Mike's dad have?" I paused and replied quietly, "Money, and free time.

My highly educated dad always encouraged me to land a good job with a strong corporation. He spoke of the virtues of "working your way up the corporate ladder." He didn't understand that, by relying solely on a paycheck from a corporate employer, I would be a docile cow ready for milking.

While most people do retire on portfolio income

To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. As stated earlier, the number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.

The reason the middle class is so heavily taxed is because of the Robin Hood ideal.

It's the middle class, especially the educated upper-income middle class, who pays for the poor.

Robert T. Kiyosaki

the poor and middle class invest in mutual funds and the rich invest in hedge funds.

and abundance that surrounded not just Kim and me, but all of us.

My highly educated dad always encouraged me to land a good job with a strong corporation. He spoke of the virtues of "working your way up the corporate ladder." He didn't understand that, by relying solely on a paycheck from a corporate employer, I would be a docile cow ready for milking. When I told my rich dad of my father's advice, he only chuckled. "Why not own the ladder?" was all he said.

If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.