Rich Dad Poor Dad (Robert T. Kiyosaki)

Rich Dad Poor Dad (Robert T. Kiyosaki)
Image from Amazon (Retrieved on August 1, 2023

Quotes from Rich Dad Poor Dad Robert T. Kiyosaki:

  • Failure inspires winners. And failure defeats losers. It is the biggest secret of winners. It's the secret that losers do not know. The greatest secret of winners is that failure inspires winning thus, they're not afraid of losing.
  • If you have little money and you want to be rich, you must first be "focused," not "balanced." If you look at anyone successful, at the start they were not balanced.
  • If you hate losing, play it safe. If losing makes you weak, play it safe. Go with balanced investments. If you're over 25 years old and are terrified of taking risks, don't change. Play it safe, but start early. Start accumulating your nest egg early because it will take time.
  • It often takes great courage to not let rumors and talk of doom and gloom affect your doubts and fears.
  • Doubt is expensive.
  • Unchecked doubt and fear creates a cynic. Cynics criticize, and winners analyze.
  • In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
  • Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
  • I’d rather welcome change than cling to the past.
  • The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
  • Workers work hard enough to not be fired, and owners pay just enough so that workers won't quit.
  • There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
  • An intelligent person hires people who are more intelligent than he is.
  • Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “ said rich dad.