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Robert Kiyosaki Quotes

Listen to your feedback

Robert Kiyosaki

Robert Kiyosaki

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lf you want to become healthier, smarter, richer, and happier, pay closer attention to your own feedback. It is offering you the most important information in the world. Regardless of whether you like your feedback or not, if you have the courage to listen to it and learn from it, you will succeed.

Increase Your Financial IQ, p.197

Was born on: 08.04.1947
About Author: American investor, businessman and self-help author

Good debt and leverage

Rather than work hard to get out of debt, as those who follow the rules of old capitalism do, we work hard to find ways to get into more good debt and use more leverage.

Increase Your Financial IQ, p.122

Mutual funds and multivitamins

When a person buys several mutual funds, it is like taking several multivitamins. When a person takes multiple multivitamins, the only thing that goes up in value is the person's urine.

Increase Your Financial IQ, p.111

Cash flow and leverage

When I purchased the 300-unit apartment house, I was investing for cash flow. The difference is I was investing for cash flow using my banker's money for a higher return on investment and paying less in taxes. That is a better use of leverage.

Increase Your Financial IQ, p.112

Don't let money run your life

Never forget, because your two emotions, fear and desire, can lead you into life's biggest trap, if you're not aware of them controlling your thinking. To spend your life living in fear, never exploring your dreams, is cruel. To work hard for money, thinking that money will buy you things that will make you happy is also cruel. To wake up in the middle of the night terrified about paying bills is a horrible way to live. To live a life dictated by the size of a paycheck is not really a life. Thinking that a job will make you feel secure is lying to yourself. That's cruel, and that's the trap I want you to avoid, if possible. I've seen how money runs people's lives. Don't let that happen to you. Please don't let money run your life.

Rich Dad, Poor Dad, p.56

Lifetime

A job is really a short-term solution to a long-term problem.

Rich Dad, Poor Dad, p.53

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