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Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Book by Robert Kiyosaki · 6 quotes · Inspirational, People, Inspiration

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Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Quotes

“Rule One. 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 No. 1. 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.”

PeopleIfsKnowsWantNeedsMayIdeasSoundDifferencesWealthSimpleStruggleRichProfoundNo IdeaAssetsLiability
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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“If you are the kind of person who is waiting for the 'right' thing to happen, you might wait for a long time. It's like waiting for all the traffic lights to be green for five miles before starting the trip.”

IfsKindPersonsLongLightMightHappensWaitingWealthFiveLong TimeGreenStartingMilesRight ThingTrafficTraffic Light
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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“It is not much different from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television. Proper physical exercise increases your chances of health, and proper mental exercise increases your chances for wealth. Laziness decreases both health and wealth.”

PersonsDifferentWealthChanceTelevisionExerciseBasesIncreaseGymLazinessVersusCouchesDecreasePhysical ExerciseWatching Television
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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“One of the reasons the rich get richer, the poor get poorer and the middle class struggles in debt is because the subject of money is taught at home, not at school.”

ReasonHomeSchoolWealthPoorMoneyClassStruggleRichMiddleSubjectsTaughtDebtMiddle ClassGet RichClass Struggle
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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“Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. 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.”

PeopleIfsThinkingDoeReasonSchoolFormWealthPowerfulPositive ThinkingBuildingGainsFinancialMaking MoneyOver ItComes And GoesFinancial EducationBuilding WealthMoney Comes And Goes
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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