Robert Kiyosaki

Rich Dad Poor Dad

gilang ridwanhas quoted5 months ago
“Most people have a price. And they have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set.”
“What pattern?” I asked.
“The pattern of get up, go to work, pay bills; get up, go to work, pay bills. People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.”
Alina Lysenkohas quoted14 hours ago
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Alina Lysenkohas quoted14 hours ago
Most people, in their drive to get rich, are trying to build an Empire State Building on a six-inch slab.
Alina Lysenkohas quoted2 days ago
there something I’m missing here
Alina Lysenkohas quoted2 days ago
Choosing what we think rather than reacting to our emotions.
Alina Lysenkohas quoted2 days ago
I hire bean-counters. All they think about is cutting costs and raising prices, which cause more problems.
Kasperhas quoted2 days ago
The world pushes people around, not because other people are bullies, but because the individual lacks internal control and discipline. People who lack internal fortitude often become victims of those who have self-discipline.
b5309107963has quoted3 days ago
There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
b5309107963has quoted3 days ago
CHANGE WHAT YOU CAN
b5309107963has quoted3 days ago
“What intensifies fear and desire is ignorance.
b5309107963has quoted3 days ago
People’s lives are forever controlled by two emotions: fear and greed.
b5309107963has quoted3 days ago
Thinking that a job makes you secure is lying to yourself
b5309107963has quoted3 days ago
“Because it is ignorance about money that causes so much greed and fear,
b5309107963has quoted4 days ago
LESSON 1: THE RICH DON’T WORK FOR MONEY
luspherehas quoted4 days ago
Business Owners with Corporations
Employees Who Work for Corporations
1. Earn
1. Earn
2. Spend
2. Pay Taxes
3. Pay Taxes
3. Spend
luspherehas quoted4 days ago
Garret Sutton’s books on corporations provide wonderful insight into the power of personal corporations
luspherehas quoted4 days ago
if you own any kind of legitimate assets, I would consider finding out more about the benefits and protection offered by a corporation as soon as possible.
luspherehas quoted4 days ago
A corporation earns, spends everything it can, and is taxed on anything that is left. It’s one of the biggest legal tax loopholes that the rich use. They’re easy to set up and are not expensive if you own investments that are producing good cashflow. For example, by owning your own corporation, your vacations can be board meetings in Hawaii
luspherehas quoted4 days ago
The law
A corporation wrapped around the technical skills of accounting, investing, and markets can contribute to explosive growth. A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small-business sole proprietor.
luspherehas quoted4 days ago
Understanding markets
Understanding markets is the science of supply and demand. You need to know the technical aspects of the market, which are emotion-driven, in addition to the fundamental or economic aspects of an investment. Does an investment make sense or does it not make sense based on current market conditions?
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