Having read Rich Dad Poor Dad in my early 20’s, I went on to read many of Robert Kiyosaki’s books on creating assets instead of purchasing liabilities. Not only has Robert made a sizeable change in the trajectory of my life, but he has inspired millions of people globally to create financial freedom.
Here are some of the best quotes by Rich Dad Poor Dad author Robert Kiyosaki:
1. The poor and the middle class work for money. The rich have money work for them.
2. “The richest people in the world build networks; everyone else is trained to look for work.
3. Often in the real world, it’s not the smart who get ahead, but the bold.
4. The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
5. Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
6. It does not take money to make money.
7. Financial intelligence is simply having more options, figuring out ways to create opportunities or altering situations to work in your favor.
8. In today’s rapidly changing world, the people who are not taking risk are the risk takers.
9. The lack of money is the root of all evil.
10. An asset puts money in my pocket. A liability takes money out of my pocket.
11. Job is an acronym for 'Just Over Broke
12. Thinking is hard work. When you are forced to think, you expand your mental capacity. When you expand your mental capacity, your wealth increases.
13. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending.
14. Leverage is the reason some people become rich and others do not become rich.
15. There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
16. 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.
17. With money comes great power that requires the right knowledge to keep it and make it multiply.
18. 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.
19. 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.
20. An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
21. Workers work hard enough to not be fired, and owners pay just enough so that workers won't quit.
22. If your hunch is wrong, and what you’ve been counting on doesn’t happen, how can you turn a lemon into millions? That is financial intelligence.
23. Your future is created by what you do today, not tomorrow.
24. Money is the carrot, the illusion. If the donkey could see the whole picture, it might rethink its choice to chase the carrot.
25. I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.
26. The more a person seeks security, the more that person gives up control over his life.
27. Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations.
28. Rule One. You must know the difference between an asset and a liability, and buy assets.
29. Most people must keep their job and rely on their wages to fund their acquisition of assets”
30. Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.
31. 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.
32. Keep your daytime job, but start buying real assets, not liabilities.
33. They get up every day and go work for money, not taking the time to ask the question, ‘Is there another way?
34. Most people never win because they’re more afraid of losing.
35. If I have to work there, it’s not a business. It becomes my job.
36. Accounting is possibly the most confusing, boring subject in the world, but if you want to be rich long-term, it could be the most important subject.
37. Job security meant everything to my educated dad. Learning meant everything to my rich dad.
38. 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.
39. Wealth is the measure of the cash flow from the asset column compared with the expense column.
40. If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
41. If you have any desire to be rich, you must focus. Do not do what poor and middle-class people do: put their few eggs in many baskets. Put a lot of your eggs in a few baskets and FOCUS: Follow One Course Until Successful.
42. Today, wealth is in information. And the person who has the most timely information owns the wealth.
43. The rich focus on their asset columns while everyone else focuses on their income statements.
44. Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.
45. The problem with having a job is that it gets in the way of getting rich.
46. Cynics criticize, and winners analyze.
47. 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.
48. Too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich.
49. An intelligent person hires people who are more intelligent than he is.
50. Sometimes you win and sometimes you learn.
51. I wanted to be free by age 40, but it took me until I was 47, with many learning experiences along the way. As I said, I wish I could say it was easy. It wasn’t. But it wasn’t that hard either. I’ve learned that, without a strong reason or purpose, anything in life is hard.
52. If you work for money, you give the power to you employer. If money works for you, you keep the power and control it.
53. 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.
54. Great opportunities are not seen with your eyes. They are seen with your mind.
55. I recommend to young people to seek work for what they will learn, more than what they will earn. Look down the road at what skills they want to acquire before choosing a specific profession and before getting trapped in the Rat Race.