Robert Kiyosaki Quotes

  • “Business is like a wheel barrow. Nothing happens until you start pushing.”
  • “Money is just an idea.”
  • “Sight is what you see with your eyes, vision is what you see with your mind.”
  • “The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.”
  • “Excuses cost a dime and that’s why the poor could afford a lot of it.”
  • “When you come to the boundaries of what you know, it is time to make some mistakes.”
  • “The richest people in the world build networks; everyone else is trained to look for work.”
  • “Skills make you rich, not theories.”
  • “The ability to sell is the number one skill in business. If you cannot sell, don’t bother thinking about becoming a business owner.”
  • “The more I risk being rejected, the better my chances are of being accepted.”
  • “People who dream small dreams continue to live as small people.”
  • “People without financial knowledge, who take advice from financial experts are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side.”
  • “Losers quit when they fail. Winners fail until they succeed.”
  • “In today’s rapidly changing world, the people who are not taking risk are the risk takers.”
  • “A mistake is a signal that it is time to learn something new, something you don’t know before.”
  • “Too many people are too lazy to think. Instead of learning something new, they think the same thought day in day out.”
  • “Thinking is hard work. When you are forced to think, you expand your mental capacity. When you expand your mental capacity, your wealth increases.”
  • “There are no mistakes in life, just learning opportunities.”
  • “Business and investing are team sports.”
  • “There are no bad business and investment opportunities, but there are bad entrepreneurs and investors.”
  • “Forget the Carmel. If a man can pass through the eye of the needle, he will enter the world of tremendous wealth.
  • “If you want to be rich, simply serve more people.”
  • “When employees unite, they form a union but when business owners unite, they form a team.”
  • “Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You cannot have success without failure.”
  • “Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.”
  • “You can always quit, so why quit now.”
  • “To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.”
  • “The size of your success is measured by the strength of your desire, the size of your dream and how you handle disappointment along the way.”
  • “The most important word in the world of money is cash flow. The second most important word is leverage.”
  • “It does not take money to make money.”
  • “The problem with having a job is that it gets in the way of getting rich.”
  • “Getting rich begins with the right mindset, the right words and the right plan.”
  • “Leverage is the reason some people become rich and others do not become rich.”
  • “Inside each of us is a David and a Goliath.”
  • “The biggest challenge you have is to challenge your own self doubt and your laziness. It is your self doubt and your laziness that defines and limit who you are.”
  • “It is easy to stay the same but it is not easy to change. Most people choose to stay the same all their lives.”
  • “Financial leverage is the advantage the rich have over the poor and middle class.”
  • “People without leverage work for those with leverage.”
  • “What you think is real is your reality.”
  • “A winning strategy must include losing.”
  • “Cynics and fools are twins on the opposite sides of reality and possibility. Fools will believe any far fetched scheme and a cynic will criticize anything outside their reality. A cynic’s reality does not allow anything new in and a fool’s reality does not have the ability to keep foolish ideas out.”
  • “There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.”
  • “If you are not a brand, you are a commodity.”
  • “Always start at the end before you begin. Professional investors always have an exit strategy before they invest. Knowing your exit strategy is an important investment fundamental.”
  • “If you want to be rich, you need to develop your vision. You must be standing on the edge of time gazing into the future.”
  • “Your future is created by what you do today, not tomorrow.”
  • “A plan is a bridge to your dreams. Your job is to make the plan or bridge real, so that your dreams will become real. If all you do is stand on the side of the bank and dream of the other side, your dreams will forever be just dreams. First make your plans real and then your dreams will come true.”
  • “In order to be a player on the fast track, you will need to have a plan on how to gain more and more control. On the fast track, it is control more than money that counts.”
  • “The more a person seeks security, the more that person gives up control over his life.”
  • “Investing in mutual funds is investing at the end of the food chain.”
  • “The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
  • “Words are tools for the brain. Words allow the brain to see what the eyes cannot see.”
  • “In the world of money, business and investing, we have too many preachers.”
  • “The most life destroying word of all is the word tomorrow.”
  • “The problem with tomorrow is that I have never seen a tomorrow. Tomorrow does not exist. Tomorrow only exist in the mind of dreamers and losers.”
  • “Talk is cheap. Learn to listen with your eyes. Actions do speak louder than words. Watch what a person does more than what he says.”
  • “One of the great things about being willing to try new things and make mistakes is that making mistakes keeps you humble. People who are humble learn more than people who are arrogant.”
  • “One of the most stupid things to do is to pretend you are smart. When you pretend to be smart, you are at the height of stupidity.”
  • “Sometimes, what is right for you at the beginning of your life is not the right thing for you at the end of your life.”
  • “Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.”
  • “If you are moving, even fire will not hurt you. If you are standing still near the fire, even though you are not in the fire, the heat will eventually get to you.”
  • “Your money should be a good bird dog. It helps you find a bird, catch the bird and then goes out to get another bird. Most people’s money acts like the bird that just flies away.”
  • “One of the most important things a real investor needs to say is this; “I want my money back and I also want to keep my investments.”
  • “Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.”
  • “You must fire bad customers just as you would fire a bad employee. If you do not get rid of your bad employees, the good employees will leave. If I do not fire bad customers, not only will my good customers leave but many of my good employees will leave as well.” – Rich Dad
  • “Start small and dream big.”
  • “If you own a butcher shop, don’t hire vegetarians. To hire the right people, you have to let the wrong people go.”

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  • There are two ways to mess up on the stock market. One is to not be able to cshooe stocks that offer positive expected returns which means that you have not been able to identify the stocks that have reasonable probabilities of returns or that the returns do not justify their low probability of a return. The other is by investing too much on the positive expected return opportunities that you do find and thereby assuming excessive risk.Fortunately, there are relatively easy ways to avoid these mistakes because in general businesses are in the business of making money hence the majority of the stocks should be positive expected value opportunities though some are much better then others. Hence you can avoid picking the wrong runs by investing in all via a fund, perhaps an index fund. Successful businesses tend to be larger so you can improve the probabilities albeit at the cost of some return by limiting yourself to large cap stocks and you can improve the improbabilities even more again at the expense of returns by limiting yourself to mature income stocks as opposed to growth stocks. The second problem of assuming too much risk is also addressed by a fund or more succinctly through a portfolio, a 25% stock 75% stock fund has the lowest possible risk and better returns than a 100% bond fund, a 50/50 portfolio has the same risks and much better returns than a bond fund, anything more aggressive then 50/50 are a matter of diminishing returns, yes the returns increase as you assume more risk but the curve is pretty near flat above the 50/50 mark and you’re not getting much incremental return for the incremental risk being assumed, it doesn’t take long for the risk to wipe out your gains which is what happens when you over bet. Therefore you can avoid the mistake of assuming too much risk by simply keeping your portfolio between 25/75 and 50/50. Ben Graham says to keep it between 25/75 and 80/20 but to try and center it on 45/55. You’ve been making a loss because you do not understand risks and asset allocations, since you don’t understand it, don’t do it, cshooe a conservative defensive low fee fund and be done with it.

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