- Your brain can do anything. Everything. The main thing is to convince yourself of this. The arms don’t know that they can’t do push-ups, the legs don’t know that they are weak, the stomach doesn’t know that it’s just fat. Your brain knows this. Convince yourself that you can do anything, you can really do anything.
- A true investor has very little devotion to his investments.
- It's not about how much money you make, but how much money you keep, how effectively it works for you, and how many generations after you can use it.
- In today's understanding, risk is primarily inaction.
- The main thing is not shine, but cash flow.
- The bottom line is that saving money is good advice for the poor and average person. This is bad advice for building wealth.
- Every person has arms, legs, a head and 168 hours a week to do everything that he truly wants.
- Life is a game of money and time.
- If you want to change your reality, then you must change your thinking.
- Seeing what others don't see is the universal key to success.
- We are slaves to our habits. Change your habits and your life will change...
- The reason people lose is because they are afraid of losing too much.
- Poor, unsuccessful, unhappy and unhealthy is the one who often uses the word “tomorrow”.
- Don't be afraid to lose. Winners are not afraid to lose. Failure is part of the road to success. People who avoid failure also avoid success.
- Financial intelligence comes from investing time in the real world. It cannot be the result of investing in a mutual fund. Investing in your financial education will not pay off immediately, but it will definitely pay off.
- Investing is a never-ending process of prospecting, negotiating, investing, and managing people and money. A strong investor always tries to ensure that his money will bring him income today.
- When you invest with the hope that something will happen in the future, you are playing a game of chance.
- Good cash flow at a good price is hard to find. Therefore, few people invest in cash flow.
- The investment objectives are cash flow, capital appreciation, depreciation and tax-free income.
- Professional investors want to know how quickly they can take their money out of one asset to buy the next. Their goal is to constantly keep money moving and increase investment returns.
- Rich Dad often said: Give a fool money and he'll throw a party.
- Business is the most powerful asset of all. Smart investors combine 2 or 3 types of assets, then increase and protect the cash flow coming from those assets. It is very difficult to achieve extremely high profits from only one type of asset.
- The most valuable asset is time. Most people cannot use it properly. They work hard to make the rich richer, but they don't work hard to make themselves rich.
- The main mistake people make is investing in assets that are the most popular. You can't succeed by buying what everyone else is buying. You need to be able to find great investments that other people miss.
- Chuck used to measure his wealth by the number of trinkets he owned. Now, before buying a trinket, he buys an asset that will pay for this trinket. Once its value is paid, the asset generates cash flow for life.
- Many middle-class people believe that saving money, a retirement plan, and owning a home are smart financial decisions. Despite their importance for financial well-being, they will not provide wealth. You need to buy or create assets that generate passive income.
- Investing in real estate through a business provides 4 incomes at once: rental income, depreciation, appreciation and tax advantages.
- The real world is very different from the world of education or government. What he invested in will not pay off in the real world.
- When business slows down, people too often cut back on growth expenses instead of increasing them. And after the business gets into a rut, they begin to increase expenses instead of cutting them.
- The most important words in business are cash flow. Rich people are rich because they control the flow of money, and poor people are poor because they do not know how to do so. Most financial problems are caused by a lack of personal control over cash flow.
- A professional gambler or professional investor ultimately wants to play with other people's money.
- How many times do I have to remind you that work won't make you rich? What do people become rich in their free time?
- Today, millions of people around the world are working dead-end jobs and making investments that are eating up their money.
- Every investment must make sense today and tomorrow.
- Diversification is a defense against the ignorant. It makes virtually no sense to those who know what they are doing.
- A no deal is better than a bad deal.
- If the investment is profitable, then the more I borrow, the higher the rate of return.
- Your academic or professional success has virtually nothing to do with financial success.
- Buy land where people want to buy plots and sell it to them.
- Kim and I bought almost 12 small properties, then sold them and bought 2 apartment buildings and were able to retire.
- Own nothing, but control everything.
- Focus on what you want, not what you need.
- You need to create or buy those assets that will provide you with cash flow today.
- The worst investments go to impatient investors.
- Excuses are lies you tell yourself. Stop whining, complaining and acting like children. Excuses make a person poor.
- The first thing to look at is value, not price.
- If you can't see yourself being rich, you'll never be able to achieve it.
- A professional investor needs to know 3 things: when to enter the market, when to exit the market and how to withdraw your money from the gambling table.
Don't be afraid to lose. Winners are not afraid to lose. Failure is part of the road to success. People who avoid failure also avoid success.
Failure is part of the movement towards success. People who avoid failure also avoid success.
“The poor and middle class work for money. The rich make their money work for them."
An asset is something that puts money in your pocket. A liability is something that takes money out of your pocket.
Saving money is good advice for the poor and average person. This is bad advice for building wealth.
Start with small transactions. Only education and experience make a person richer and richer.
You put your money in the wrong hands, and it will work for other people before it starts working for you.
If you don't know what to do with your money, put it in the bank and don't tell anyone that you have money to invest.
The main mistake people make is investing in assets that are the most popular. You can't succeed by buying what everyone else is buying. You need to be able to find great investments that other people miss.
Every person has a head and 168 hours a week to do everything that he truly wants.
How many times do I have to remind you that work won't make you rich? How many times do I have to remind you that people get rich in their free time?
Excuses are lies you tell yourself. Stop whining, complaining and acting like children. Excuses make a person poor.
Be mindful of those who take over your mind. It's not for nothing that we put locks on our doors. For the same reason, you should put a lock on your brain. Your greatest asset is your brain, and you need to keep the doors to it locked.
Your brain can do anything. Everything. The main thing is to convince yourself of this. The arms don’t know that they can’t do push-ups, the legs don’t know that they are weak, the stomach doesn’t know that it’s just fat. Your brain knows this. Once you convince yourself that you can do anything, you can truly do anything.
If you can't see yourself being rich, you'll never be able to achieve it.
The most valuable asset is time. Most people cannot use it properly. They work hard to make the rich richer, but they don't work hard to make themselves rich.
We go to school to learn how to work hard for money. I write books and create products that teach people how to make their money work hard for them.
In order to gain financial freedom, you must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
Finding good partners is the key to success in any endeavor: business, marriage, and especially investing.
You must sow before you can reap. You must give before you can receive.
People say: I'm saving for retirement. Rarely does anyone say: I invest to ensure my retirement.
Rich Dad often said: Give a fool money and he'll throw a party.
I know the world outside the coop seems scary. It’s difficult with work, difficult with money and very bad with opportunities. But I assure you, life outside the coop is vibrant, full of optimism and energy, and there are plenty of opportunities out there. It's all about where you look - from the chicken coop or outside.
The world outside the chicken coop is full of scammers, crooks, prostitutes, etc. But at the same time, there are many saints, geniuses, warriors, etc. If you choose a free life, you must learn to do business with everyone, because you will not know who they are in fact, until you try to do business with them. During the transaction, everyone takes off their masks.
The main thing is to find a method that is effective for you personally. Both rich dad and I built businesses and invested in real estate. But these were completely different types of businesses and different real estate.
Many middle-class people believe that saving money, a retirement plan, and owning a home are smart financial decisions. Despite their importance for financial well-being, they will not provide wealth. You need to buy or create assets that generate passive income.
Financial intelligence comes from investing time in the real world. It cannot be the result of investing in a mutual fund. Investing in your financial education will not pay off immediately, but it will definitely pay off.
If you want to take control of your life, you must regularly prepare personal financial statements. If you don't want to do this, it's better to give the money to others for a retirement fund.
Modern alchemists transform money, resources, ideas into wealth with the help of assets. They know how to create assets literally out of thin air. An example is a patent or trademark. They turn even trash into assets.
The main thing is not shine, but cash flow.
Your academic or professional success has virtually nothing to do with financial success.
Kim and I bought almost 12 small properties, then sold them and bought 2 apartment buildings and were able to retire.
It wasn't money that made me rich, it was investing time and investing money when I had very little money.
In quadrant B (business), it is much more profitable to borrow money than to save it.
Pension plans will bring 8-9% per annum. Small business owners, if they know their business, can earn much higher profit margins. Therefore, invest in your own business - you can get 40-100% with the right approach.
Consider owning four homes. One will keep you alive, the other three will make you money even if the stock market crashes.
As the captain of your own ark, it is your responsibility to insure everything you invest in.
Rich dad taught me how to create businesses and invest in real estate. I follow this formula all the time.
The most valuable asset is time. Most people cannot use it properly. They work hard to make the rich richer, but they don't work hard to make themselves rich.
Invest time in gaining technical knowledge, then get out into the real world and try it out. Start small because you will make mistakes. In the real world, people learn from mistakes.
Just an hour's drive from most major cities, you can always find affordable properties. You need to find an area that is increasing in value, and over time the property will become revalued. By the time you retire, these three houses will provide a stable income - much more reliable than a mutual fund.
Business is the most powerful asset of all. Smart investors combine 2 or 3 types of assets, then increase and protect the cash flow coming from those assets. It is very difficult to achieve extremely high profits from only one type of asset.
Money game: 1st period - 25-35 years, 2nd - 35-45 years, 3rd - 45-55 years, 4th - 55-65 years. Additional time. Game over. Any game consists of periods.
First of all, you must change your mental attitude. Then put a ten-year plan in writing.
You put your money in the wrong hands, and it will work for other people before it starts working for you.
You need to create or buy those assets that will provide you with cash flow today.
Professional investors want to know how quickly they can take their money out of one asset to buy the next. Their goal is to constantly keep money moving and increase investment returns.
When you invest with the hope that something will happen in the future, you are playing a game of chance.
Your task is to build a pipeline and constantly expand its diameter.
There are 2 types of money problems: one - when there is not enough of it, and the other - when there is too much of it. Which problem do you choose?
The job of my money is to work hard for me, acquiring more and more assets.
One of the worst sources of financial information are losers, and you can find them everywhere. You won't succeed as an investor if you listen to advice from losers.
A professional investor needs to know 3 things: when to enter the market, when to exit the market and how to withdraw your money from the gambling table.
A professional gambler or professional investor ultimately wants to play with other people's money.
The more of your money you invest, the lower your return on investment. The less of your money is involved in the investment and the more you use other people's money, the higher your profits.
Professional investors may be in the game for a long time, but their money is on the table only at the very beginning of the game.
I prefer to invest my time in creating some kind of business, the demand for products or services of which will constantly increase over time.
Life is a game of money and time.
The modern investor must watch market cycles. A market boom and a market crash are the same as the familiar change of seasons. In any market, a boom always precedes a crash. Cycles 5-10-20 years. Time waits for no one.
Poor people and quitters use the word “impossible” in their speech much more often than those who succeed. Rich dad started from scratch, but he had a dream, a plan to achieve it, and a vision for the future.
The key to wealth is the ability to make difficult things easy. After all, the purpose of business is to simplify life, not complicate it. And it is precisely the business that makes life as easy as possible that allows you to make the most money. They all make money by making people's lives easier. Money flows to those who make people's lives easier.
Investing is a never-ending process of searching, negotiating, investing and managing people and money. A strong investor always tries to ensure that his money will bring him income today.
The word “impossible” blocks your potential, while the question “How can I do this?” makes your brain work at full capacity.
Rat race - endless routine work for everyone except yourself. Only you work, and others - the government, collectors and bosses - receive most of the reward. Why do we continue to participate in them? Because most people's lives are dominated by fear of condemnation from the side of society.
Example. The mantra is “go to school, do well, get a good job.”
This is outdated advice based on ideas of the past our parents. Back then, it was common to get a job right out of college, work for the same company for decades, and retire with a good benefit.
Nowadays, this method does not provide a life without financial difficulties and poverty. You can study hard, get into a good school, and find a well-paying job. But you can never make a fortune by getting stuck in the “rat race.” Thanks to your hard work your bosses are getting richer, but not you.
Fear and greed can cause financially illiterate people to make unwise decisions
Money makes everyone afraid and greedy. If you have money, you will most likely only think about the things you can buy with it (greed). If you don't have money, your only worry is that you may never have it (fear).
People who mismanage their finances tend to let such emotions drive their decisions.
Example
You received a promotion and a hefty increase in salary. You can invest additional amounts in stocks or bonds that will bring you profit, or treat yourself to new purchases. Fear of losing money may prevent you from investing in stocks or other assets due to the possible risks, although such investments will bring you wealth.
Greed inspires you to buy a big house with your increased salary, which seems a more realistic and safer option than buying stocks. But this option means higher mortgage payments and exorbitant utility bills, effectively nullifying your promotion.
Learn about investing, risk, and debt, and you can make rational decisions even in the grip of greed and fear.
Financial literacy is vital for both personal and societal well-being
To become rich, you don't have to be talented and capable. The world is full of poor, talented people. You need to be financially literate - understand accounting, investing, etc.
This won't be taught in schools- finance studies are not included in the program. Children are not taught about saving or investing. As a result, they are illiterate in many topics. This is not just a problem with young people, but also with highly educated adults making poor decisions about their money.
Most senior politicians are financially illiterate. As a result - exorbitant government debts. The complete lack of retirement planning for many citizens is a sign of incompetence in making decisions on monetary issues.
For example, in the USA, 50% of workers live without a pension; and the rest (almost 75-80%) are on meager benefits.
If society does not give us this knowledge, it is necessary study independently. In times of great economic change, the need for good financial education becomes even more urgent, especially for those who want to get rich.
Financial self-education and a realistic assessment of your funds - steps on the path to wealth
The sooner If you start following the path to personal wealth, so much the better. You are more likely to become rich if you start at 20 rather than 30.
Put realistic financial goals. For example, buy a Mercedes within the next five years. Develop your financial literacy.
Learning is an investment in your mind. A great way to do this is to work for knowledge, not money.
Example
If you are afraid of rejections, try working in network marketing companies. The salary will be small, but you will develop sales skills and gain self-confidence. Do financial education in your free time. Sign up for courses and seminars, read books and talk to experts.
Learn to take risks to become rich
Insanity is doing the same thing over and over again and expecting different results.
If you want to change your current financial situation, start handling your funds differently.
Learn to take risks- all successful people take risks, they are not afraid of them, but manage them. Taking risks means not always feeling financially secure when placing funds in your main and savings accounts at the bank.
Invest your money in stocks or bonds. They are more dangerous than regular bank accounts, but they generate more profits in a shorter time. Or use other types of investments: real estate, tax lien certificates (in the USA).
The higher potential profit, the greater the risk. There is always a chance of losing your entire investment, but without taking risks, you definitely won't get much profit. Don't miss opportunities and try to manage risks. These are necessary conditions for improving your financial situation.
Stay motivated
The path to wealth is long and tedious. It's easy to get discouraged when you're faced with obstacles. Ways must be found keep motivated, even in case of failure.
Make a list of “wants” and “don’ts.”
For example, I don’t want to work hard like my parents, I want to pay off all my debts within three years.
Look through these lists, be persistent on the path to wealth.
Another good way to stay motivated is to spend money on yourself before paying bills.
This way you will see how much additional money is needed to both fulfill your desires and satisfy the demands of collectors. Pay your bills but first of all to yourself; the added pressure of unpaid bills will inspire you to find ways to earn enough money to meet both needs.
Financial self-discipline- a key feature of successful people. Hone and develop it.
Get inspired by studying the life stories of rich people like or. This will make you more ambitious.
Laziness and arrogance can lead even financially literate people to poverty
Even if you are financially literate, you will encounter laziness and pride. They can harm you completely unnoticed. Laziness is not necessarily inaction; it may be ignoring problems that need to be solved.
Example
A businessman who works more than 60 hours a week is far from lazy. Working at night, he gradually loses his family. Having noticed alarming signs of his behavior, instead of eliminating them, he buries himself at work. He is lazy: he avoids doing what he should be doing and will most likely suffer the consequences in the form of an expensive divorce.
Arrogance in the case of financial failure can be defined as “illiteracy plus ego”: a combination of insufficient financial knowledge and an ego too inflated to admit it. Arrogance is especially dangerous when investing.
Example
Some stockbrokers will try to push your pride to sell more shares and increase their commission. They stimulate your ego with the positive aspects of investing while keeping you in the dark about the negative ones.
Invest only in assets and avoid liabilities
An asset makes you money, a liability costs you money.
You will become rich if you invest in assets. Assets- businesses, stocks, bonds, mutual funds, income-producing real estate, royalties from intellectual property and anything else that produces income increases in value over time and may easily sold.
When you invest in assets, your dollars work to create income for you. The more “working dollars” you have, the better. The goal is income exceeding expenses. Reinvest exceeding income into assets with even more dollars working for you.
Investors may mistake certain liabilities for assets.
Example
A house is usually perceived as an asset, but in reality it is one of the largest liabilities. Once you buy a home, you'll work your entire life to pay off the 30-year mortgage and property taxes.
Investing in such a liability is unprofitable for the following reasons:
- — You will incur huge costs every month for the next 30 years.
- “These payments could be invested in potentially more profitable assets: shares or rental property.
To invest wisely, remember the difference between an asset and a liability.
Your profession pays the bills, but only your own business will make you rich
Difference between profession and business:
Your profession is whatever you do for 40 hours a week to pay bills, buy groceries, and cover other living expenses. As a rule, it gives you a specific position: “restaurant manager”, “salesperson”, etc.
Your business is something you invest time and money into to grow your assets.
To achieve wealth, you must build a business and at the same time work in your profession.
Example
A cook who studied culinary arts in school and knows all the tricks of the trade. His profession brings in enough money to pay rent and feed his family, but he still doesn't become rich. That's why he invests in business: real estate. He spends all the extra money on buying apartments and apartments that can be rented out.
Professions bring people sufficient income every month. By investing additional income into their business, they increase their assets. Your profession initially sponsors your business. Keep your job until the business begins to grow steadily so that your assets, not your profession, become the main source of income. This is a sign of true financial independence.
Study the Tax Code to minimize taxes
There are many legal ways to minimize taxes.
For example, investing money through corporations. If you invest through your own corporation, the money you earn is taxed at a much lower rate. In the US, corporations have advantages: Debts and obligations are placed in the name of the corporation rather than the owner, thereby insuring against losses from bad investments.
As an employee, you first earn money, then pay taxes, and live on what is left. The corporation earns, invests, or spends as much as it can and then pays taxes on what's left. Corporations can help people get rich very quickly.
Study this issue, look for loopholes and benefits in the tax system of your state.
Example
Under Internal Revenue Code Section 1031, if you sell your current real estate assets to buy more valuable ones, the government defers taxes on your new real estate until you sell your old one.
While the government delays collecting taxes from you, capital gains occur.
The most important
Why do people get stuck in the rat race?
- — Fear of condemnation from society does not allow us to leave the “rat race” and become rich.
- — Fear and greed can cause financially illiterate people to make unwise decisions.
- “We are not teaching financial literacy, despite the fact that it is vital for both personal and social well-being.
How can I begin my journey to a more prosperous life?
- — Financial self-education and a realistic assessment of your funds are steps on the path to wealth.
- - To become rich, you must learn to take risks.
- — On the long road to wealth, do not lose motivation.
- — Laziness and arrogance can lead even financially literate people to poverty.
How do successful investors think?
- — Invest only in assets and avoid liabilities.
- - Your profession pays the bills, but only your own business will make you rich.
- — Study the Tax Code to minimize taxes.
Consider putting this plan into action.
Robert Kiyosaki is an American businessman, investor, author, motivational speaker and radio host.
His net worth is estimated at $80 million, and his book "Rich dad, poor dad"became the number one bestseller among all books on financial self-development
Here are 20 quotes from this amazing man that will truly inspire you!
1. “Don’t become dependent on money. Work to learn, not for money. Work for knowledge».
2. “The only difference between a rich man and a poor man is how they use their time.”
3. " Starting your own business is like jumping from a plane without a parachute. During the flight, the entrepreneur begins to make a parachute and hopes that it will open before he lands.”
4. “Business is like a car. Until you push, nothing will move.”
5. “It’s time for people to wake up and realize that life waits for no one. If you want something get up and go behind him."
6. “This is the philosophy of rich and poor: the rich invest money, and what is left, they spend. And the poor spend money, and invest what’s left.”
7. " Winners are not afraid to lose. And the losers are afraid. Failure is part of the process of success. Those who avoid failure also avoid success.”
8. “Too many people are simply too lazy to think. Instead of learning something new, they think the same thing day after day.”
9. " Success is a bad teacher. We learn the most about ourselves through failure, so don't be afraid of failure. There is no success without failures».
10. “Most people want everyone in the world to change. Believe me: much It's easier to change yourself than to change everyone else». 
11. “To become great, it is not enough to make mistakes. We must also recognize them, and then learn turn mistakes into advantages».
12. “A winning strategy must include losing.”
13. “In our fast-paced world, the riskiest people are those who doesn't take risks».
14. “The most destructive the word in the world is word "Tomorrow" ».
15. “The more a person strives for security, the more he gives up control over your life."
16. “The most successful people in life are those who ask questions. They are learning all the time. They are growing all the time. They work all the time."
17. " Complain to your life circumstances pointless. Don't be spineless - take it and Do It something about this!”
18. “Most often it turns out that it’s not your mom and dad, not your husband or wife, not your children who are bothering you, and you yourself. Don't get in your own way."
19. "Phrase" "I can not" weakens the strong, blinds the sighted, saddens the happy, turns the brave into cowards, deprives geniuses of their abilities, makes the rich think poorly and limits the achievements of the great man living in each of us.”
20. “Some people do; other are watching for business; and still others They say: “What’s going on!”»
Do you agree with these quotes?
Robert Toru Kiyosaki is an American entrepreneur, investor, writer and teacher. Born April 8, 1947, in the USA.
Robert Kiyosaki comes from a family of educators. His father was the Secretary of Education in the State of Hawaii (USA).
Kiyosaki is a representative of the fourth generation of Japanese to immigrate to America. After high school, Robert was educated in New York. Upon graduation, he joined the US Marine Corps and served in the US Navy in Vietnam as an officer and helicopter gunship pilot.
Returning from the war, Kiyosaki went to work as a salesman for the Xerox Corporation, and in 1977 he began his business career and launched a company that was the first to sell nylon and surfer wallets, which turned into a global product, sold all over the world and brought multi-million dollar income.
In 1985, Kiyosaki left the business world and founded the international educational company Rich Dad's Organization, which taught tens of thousands of students around the world about business and investing.
After retiring at the age of 47, Kiyosaki did not abandon his love of investing. During this period, he wrote the best-selling book Rich Dad Poor Dad. Next came "The Cash Flow Quadrant" and "Rich Dad's Guide to Investing" - all 3 books were in the ranking of the top 10 bestsellers in publications such as The Wall Street Journal, Business Week and The New York Times.
Now Kiyosaki is engaged in real estate transactions and the development of small companies, but his true love and passion are still given to teaching.
Quotes from books by Robert Kiyosaki
1. A professional gambler or professional investor ultimately wants to play with other people's money.
2.
Henry Ford once said: If you think you can do it, then you will. If it seems to you that nothing will work out for you, it will happen. In both cases, you are right.
3.
Poor people and quitters use the word “impossible” in their speech much more often than those who succeed. Rich dad started from scratch, but he had a dream, a plan to achieve it, and a vision for the future.
4.
The word “impossible” blocks your potential, while the question “How can I do this?” makes your brain work at full capacity.
5.
The main mistake people make is investing in assets that are the most popular. You can't succeed by buying what everyone else is buying. You need to be able to find great investments that other people miss.
6. When you invest with the hope that something will happen in the future, you are playing a game of chance.
7.
When it comes to money, there are always many advisers who do not have a penny to their name.
8.
The best financial information is not always available. We must go in search of her.
9.
The first thing to look at is value, not price.
10.
A professional investor needs to know 3 things: when to enter the market, when to exit the market and how to withdraw your money from the gambling table.
11. Today I am rich because of what I did in my free time.
12.
Tens of thousands of students have come out of business schools where they were taught that there is no point in thinking.
13.
You put your money in the wrong hands, and it will work for other people before it starts working for you.
14. If you don't know what to do with your money, put it in the bank and don't tell anyone that you have money to invest. If you don't know what to do with your money, there are millions of people who know what to do with it. On this matter, everyone has their own opinion and ready advice on how to manage your money.
15.
The worst investments go to impatient investors.
16. It wasn't money that made me rich, it was investing time and investing money when I had very little money.
17. Chuck used to measure his wealth by the number of trinkets he owned. Now, before buying a trinket, he buys an asset that will pay for this trinket. Once its value is paid, the asset generates cash flow for life.
18.
In business, it is much more profitable to borrow money than to save it.
19. As the captain of your own ark, it is your responsibility to insure everything you invest in.
20.
The most valuable asset is time. Most people cannot use it properly. They work hard to make the rich richer, but they don't work hard to make themselves rich.
