Robert Kiyosaki
In business, success often depends upon the relative age of your ideas.
My company survives because I've learned to respect the ideas of people younger than me and recognize when my wisdom is obsolete.
There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash.
People concerned about inflation today tend to buy big houses and nice cars.
A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.
Many U.S. investors are already investing overseas rather than at home.
When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers.
We misjudge risk if we feel we have some control over it, even if it's an illusory sense of control.
Even though the risks of death are higher driving than flying, many people would rather drive simply because they feel they have more control driving. The facts are that only a few hundred people die a year flying, and 44,000 are killed a year driving.
If you've lost your spirit, even living in the richest country in the world can't help you become rich.
Managing your own property can be a full-time job.
Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
Generous people can become more generous as they become richer, giving away vast fortunes to worthwhile causes as Bill Gates and Warren Buffett are doing.
The Spanish Empire eventually collapsed because of its expensive taste for warfare and conquest.
I'm always amazed at how many people assume a business has to lose money before it makes money.
Many people aren't rich because they're liars.
As long as you blame someone or something else - something outside you that's bigger than you are - as the source of your problems, the problems won't get solved.
As you know, low demand and high supply means a drop in value of anything, including the dollar.
One of the reasons so many people get burned in the market is because they start buying as they see prices going up.
Pricey oil makes clear that wealth really is energy in various forms.
When President George W. Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements.
An active investor is someone who actually lives off their investments as opposed to wages from a job.
My rich dad believed we should all learn to take care of ourselves.
From 1945 to 1974, the Western world - including America - was more socialistic than capitalistic, more pro-labor than pro-business.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
Unfortunately, in a recession, the people who suffer the most aren't the rich, but the wanna-be rich and the poor.
A game is like a mirror that allows you to look at yourself.
Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold.
Money is kind of a base subject. Like water, food, air and housing, it affects everything yet for some reason the world of academics thinks it's a subject below their social standing.
I still consider myself a little, fat kid from Hawaii.
If you can ask a young man to give his life for his country, you can lead people.
I would say raising capital is one of the weakest things for most entrepreneurs.
As a young kid, I really wanted to be rich.
That's correct, I flunked out of high school twice because I couldn't write.
I mean, Hawaii is beautiful, but the world is full of beautiful places.
So the Marine Corps really did teach me to conquer fear, and then to go for higher causes, higher purposes.
If I lost my job, I'd get a job at McDonald's.
When I started my last business, I didn't receive a paycheck for 13 months. The average person can't handle that pressure.
It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started.
The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.
Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.
I've always wanted to live above my means because it inspired me to work harder.