A quote from Rich Dad Poor Dad (2024)

FAQs

A quote from Rich Dad Poor Dad? ›

“The primary difference between a rich person and poor person is how they manage fear.” “Sight is what you see with your eyes, vision is what you see with your mind.” “So many people say, 'Oh, I'm not interested in money. ' Yet they'll work at a job for eight hours a day.”

“The poor and the middle-class work for money. The rich have money work for them.” This is my best quote from the book as this quote encapsulates the central theme of the book: the importance of transitioning from being an employee who works for a paycheck to becoming an investor who makes money work for you.

It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).

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.

Rule #1 is "Don't work for money." Rich Dad explains that the rich don't work for money, they make money work for them.

Robert Kiyosaki of 'Rich Dad Poor Dad' Critiques Schooling: 'I Found Out By Cheating, I Was Preparing Myself To Do Well In Business' — Adds That School Teaches People How To Just Be Employees Not Entrepreneurs.

The difference between a rich man and a poor man lies not in their accounts, but in their mindset. The difference between a rich man and a poor man lies not in their accounts, but in their mindset.

This book challenges conventional wisdom about money and investing, providing valuable insights on asset management, entrepreneurship, and financial independence. It's a compelling read for anyone looking to understand the mindset and strategies that lead to financial success.

Chapter 1: The rich don't work for money

At a very young age, Robert Kiyosaki had his first business partner, his schoolmate Mike. They worked for Mike's dad, who taught them lessons on how to make money. The first rule they learn was that the rich don't work hard for money, their money works hard for them.

The short answer. While Robert Kiyosaki's companies, in particular Rich Global LLC, have gone bankrupt, he maintains a net worth of around $100million. The financial guru has also come under fire for his Rich Dad seminars, and the advice he has given in his acclaimed Rich Dad Poor Dad book.

What did Rich Dad Poor Dad teach? ›

The most important lesson from Rich Dad, Poor Dad is that financial literacy is crucial to financial success. He argues that school education fails in this regard and needs to effectively teach financial literacy, including the basics of financial management and wealth building.

“Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.” “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.”

Robert Kiyosaki, the author renowned for his best-selling book “Rich Dad Poor Dad,” has again captured the public's attention with his unconventional financial strategies, this time revealing a staggering $1.2 billion in debt.

The poor and the middle class work for money. The rich have money work for them. There is always risk, so learn to manage risk instead of avoiding it. Going into our fear and confronting our greed, our weaknesses, our neediness is the way out.

4. Focus-Follow One Course Until Your Successful. If you are doing real estate - stick with it and adjust to it until you master it. People spend their lives mastering this profession, and there is no way you can do this while in a full time job, two part time jobs, and hedging stocks.

Rich Dad's Cashflow Quadrant presents several key examples and concepts that have significant implications for personal finance. The book divides the ways people earn income into four quadrants: Employee (E), Self-Employed (S), Business Owner (B), and Investor (I).

Finally, Kiyosaki says that saving money often leads to less risk-taking, which makes it harder to build wealth. He said, “People who work hard and save often think that investing is risky. And when you think something is risky, you avoid learning.”

If your financial intelligence is low, money will run all over you. It will be smarter than you. If money is smarter than you, you will work for it all your life.

"To achieve what 1% of the world's population has (financial freedom), you must be willing to do what only 1% dare to do... hard work and perseverance of the highest order."—Manoj Arora. The secret of the 1% is to do what the 1% does. You can't follow what the other 99% of the world is doing and expect the same results ...

Quote by Alan Sheinwald: “Rich or poor it's nice to have money”