Rich Dad Poor Dad is regarded as the best personal-finance book of all time.
It has been 20 years since the first publication of the book and 40 million copies have been sold worldwide since then.
The book has helped and encouraged many people to take the step towards entrepreneurship.
So here are the 25 best quotes from Rich dad Poor dad. These quotes would be more helpful and beneficial for you if you not just read them but also take your time to think about them and try to understand what the authors wants to say. So let's start,
1. Winners are not afraid of losing. But losers are. Failure is part of the process of Success. People who avoid failure also avoid success.
Failure is the stepping stone on the path to success. Most people lose because they are too afraid of losing.
2. The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
So we must be careful of what we put in our mind. We can train it to make it our most powerful assets or if it is not trained well it could also be our biggest liability.
3. Millions of educated people pursue their profession successfully, but later find themselves struggling financially. They work harder, but don't get ahead. What is missing from their education is not how to make money, but how to spend money- what to do after you make it.
Here Robert explains about the importance of financial education. Most of the people struggle financially is because they don't understand that it's how they spend money that matters more than how much they make money. If they have poor spending habits, they would struggle financially no matter how much they earn money.
4. If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
Most people blame everyone else for their problems and try to change them not realizing that they're the problem and it's easier to change themselves than to change everyone else.
5. An intelligent person hires people who are more intelligent than he is.
Robert says when you hire intelligent people who are more intelligent than you, you learn from them and acquire their skills and knowledge.
6. There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
Robert Kiyosaki is talking here about the mentality and thoughts. He says a person with poor mentality and thought process will always remain poor. But a person with rich mentality and thought process may get broke for a while, but it would be temporary.
7. I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride.
8. I find so many people struggling often working harder, simply because they cling to old ideas. They want things to be the way they want; they resist change...
We are in the information age and the world is changing everyday. The people resisting change are struggling because they are working with their old ideas. Old ideas may use to work yesterday but yesterday is gone and these ideas have become their biggest liability.
9. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
The rich people understands this difference and spend their life buying assets like stocks, bonds, real estate, businesses etc., while the poor keep buying liabilities like car, consumer loans, consumer goods thinking they are assets and therefore remain middle class or poor.
10. Never say you cannot afford something. That is a poor man's attitude. Ask how to afford it.
One is a statement and the other is a question "How can I afford it" forces you to think. "I can't afford it" makes your brain stop working. "How can I afford it" puts your brain to work.
11. Learn to use your emotions to think, not think with your emotions.
Robert encourages to ask question when you feel a certain emotion that 'What is causing this emotion?' If you react to your emotions without thinking, you are letting your emotions do the thinking.
12. If you,re the kind person who has no guts, who just give up every time life pushes you. If you're that kind of person, you'll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
Kiyosaki says that every time life pushes you, it wants you to learn something and grow. But if you don't do anything and let life push you then you will never learn and get stuck in the same place.
13. To be a successful business owner and Investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.
14. In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
The same thing is applied for everything in life. We make mistakes, we fail, we rectify, we practice and simultaneously we learn. But school labels you as not smart and punishes for making mistakes.
15. An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
Robert says, the rich people build their assets column first. Then the income generated from the asset column buy their luxuries. While the poor and middle class buy the luxuries first usually on loan. Then, they pay for it with their sweat and blood doing the hardwork.
16. The philosophy of the rich and the poor is this :- the rich invest their money and spend what is left. The poor spend their money and invest what is left.
Robert Kiyosaki says "Financially with every dollar we get in our hands, we hold the power to choose our future to be rich, poor or middle class."Our spending habits reflect who we are. Poor people simply have poor spending habits.
17. If fear is too strong, the genius is suppressed.
Fear is a strong emotion and it often overshadows the genius in an individual. Robert encourages to take risks, to be bold to convert the fear into power and brilliance.
18. Great opportunities are not seen with your eyes. They are seen with your mind. Most people never get wealthy simply because they are not trained financially to recognize opportunities right in front of them.
To see a financial opportunity and benefit from it, your mind should be trained Financially to what Robert Kiyosaki says "Financial literacy" which includes understanding Financial statements, investment strategies, a sense of the market and the laws.
19. The fear of being different prevents most people from seeking new ways to solve their problems.
Robert Kiyosaki says that this is caused by the fear of ostracism, the fear of standing out, the fear of criticism. He suggests to trust our inner wisdom, the genius inside us rather than going along with crowd.
20. If you want to go somewhere, it is best to find someone who has already been here.
Here Kiyosaki is telling us to find Mentors. This is one of the ways through which we can learn faster, grow faster and achieve things more easily. These people make things look easy for us.
21. There is always risk, so learn to manage risk instead of avoiding it.
Robert Kiyosaki says, "it is what you know that is your greatest wealth. It is what you do not know that is your greatest risk." So the more you get yourself to know about the Investment, the more you understand it, the more likely you will improve your odds.
22. If you are the kind of person who is waiting for the "right" thing to happen, you might wait for a long time. It's like waiting for all the traffic lights to be green for five miles before starting the trip.
Robert here explains the importance of action and encourages to take action. He says there would never be a perfect opportunity, but as we take action and start moving in that direction, everything would eventually start getting in its place.
23. Often in real world, it's not the smart that gets ahead but the bold.
Robert says that everyone has tremendous potential but the one thing that holds people back is some degree of self doubt. The people who move ahead in life are the ones who overcome this self-doubt with courage and boldness.
24. Money is a powerful force. Unfortunately, people use the power of money against them. 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 be the master of money, you need to be smarter than it. You need to be financially intelligent, then it will obey you and you will be able to make it work for you.
25. Too often, people count their house, savings and retirement plan as all they have in their asset column. Because they have no money to invest, they simply do not invest. This costs them investment experience. Most never become what the Investment world calls a "sophisticated Investor". And the best Investments are usually first sold to "sophisticated Investors" who then turn around and sell them to the people playing it safe.
Robert encourages people to sought for becoming "sophisticated Investors" as they are the people who make the best returns in Investments.
These were 25 best quotes from Robert Kiyosaki's Rich Dad Poor Dad book.
If you liked the article, share it with your friend who should read this book to gain control of their financial future and understand money and how it works.
It has been 20 years since the first publication of the book and 40 million copies have been sold worldwide since then.
The book has helped and encouraged many people to take the step towards entrepreneurship.
1. Winners are not afraid of losing. But losers are. Failure is part of the process of Success. People who avoid failure also avoid success.
Failure is the stepping stone on the path to success. Most people lose because they are too afraid of losing.
2. The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
So we must be careful of what we put in our mind. We can train it to make it our most powerful assets or if it is not trained well it could also be our biggest liability.
3. Millions of educated people pursue their profession successfully, but later find themselves struggling financially. They work harder, but don't get ahead. What is missing from their education is not how to make money, but how to spend money- what to do after you make it.
Here Robert explains about the importance of financial education. Most of the people struggle financially is because they don't understand that it's how they spend money that matters more than how much they make money. If they have poor spending habits, they would struggle financially no matter how much they earn money.
4. If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
Most people blame everyone else for their problems and try to change them not realizing that they're the problem and it's easier to change themselves than to change everyone else.
5. An intelligent person hires people who are more intelligent than he is.
Robert says when you hire intelligent people who are more intelligent than you, you learn from them and acquire their skills and knowledge.
6. There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
Robert Kiyosaki is talking here about the mentality and thoughts. He says a person with poor mentality and thought process will always remain poor. But a person with rich mentality and thought process may get broke for a while, but it would be temporary.
7. I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride.
8. I find so many people struggling often working harder, simply because they cling to old ideas. They want things to be the way they want; they resist change...
We are in the information age and the world is changing everyday. The people resisting change are struggling because they are working with their old ideas. Old ideas may use to work yesterday but yesterday is gone and these ideas have become their biggest liability.
9. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
The rich people understands this difference and spend their life buying assets like stocks, bonds, real estate, businesses etc., while the poor keep buying liabilities like car, consumer loans, consumer goods thinking they are assets and therefore remain middle class or poor.
10. Never say you cannot afford something. That is a poor man's attitude. Ask how to afford it.
One is a statement and the other is a question "How can I afford it" forces you to think. "I can't afford it" makes your brain stop working. "How can I afford it" puts your brain to work.
11. Learn to use your emotions to think, not think with your emotions.
Robert encourages to ask question when you feel a certain emotion that 'What is causing this emotion?' If you react to your emotions without thinking, you are letting your emotions do the thinking.
12. If you,re the kind person who has no guts, who just give up every time life pushes you. If you're that kind of person, you'll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
Kiyosaki says that every time life pushes you, it wants you to learn something and grow. But if you don't do anything and let life push you then you will never learn and get stuck in the same place.
13. To be a successful business owner and Investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.
14. In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
The same thing is applied for everything in life. We make mistakes, we fail, we rectify, we practice and simultaneously we learn. But school labels you as not smart and punishes for making mistakes.
15. An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
Robert says, the rich people build their assets column first. Then the income generated from the asset column buy their luxuries. While the poor and middle class buy the luxuries first usually on loan. Then, they pay for it with their sweat and blood doing the hardwork.
16. The philosophy of the rich and the poor is this :- the rich invest their money and spend what is left. The poor spend their money and invest what is left.
Robert Kiyosaki says "Financially with every dollar we get in our hands, we hold the power to choose our future to be rich, poor or middle class."Our spending habits reflect who we are. Poor people simply have poor spending habits.
17. If fear is too strong, the genius is suppressed.
Fear is a strong emotion and it often overshadows the genius in an individual. Robert encourages to take risks, to be bold to convert the fear into power and brilliance.
18. Great opportunities are not seen with your eyes. They are seen with your mind. Most people never get wealthy simply because they are not trained financially to recognize opportunities right in front of them.
To see a financial opportunity and benefit from it, your mind should be trained Financially to what Robert Kiyosaki says "Financial literacy" which includes understanding Financial statements, investment strategies, a sense of the market and the laws.
19. The fear of being different prevents most people from seeking new ways to solve their problems.
Robert Kiyosaki says that this is caused by the fear of ostracism, the fear of standing out, the fear of criticism. He suggests to trust our inner wisdom, the genius inside us rather than going along with crowd.
20. If you want to go somewhere, it is best to find someone who has already been here.
Here Kiyosaki is telling us to find Mentors. This is one of the ways through which we can learn faster, grow faster and achieve things more easily. These people make things look easy for us.
21. There is always risk, so learn to manage risk instead of avoiding it.
Robert Kiyosaki says, "it is what you know that is your greatest wealth. It is what you do not know that is your greatest risk." So the more you get yourself to know about the Investment, the more you understand it, the more likely you will improve your odds.
22. If you are the kind of person who is waiting for the "right" thing to happen, you might wait for a long time. It's like waiting for all the traffic lights to be green for five miles before starting the trip.
Robert here explains the importance of action and encourages to take action. He says there would never be a perfect opportunity, but as we take action and start moving in that direction, everything would eventually start getting in its place.
23. Often in real world, it's not the smart that gets ahead but the bold.
Robert says that everyone has tremendous potential but the one thing that holds people back is some degree of self doubt. The people who move ahead in life are the ones who overcome this self-doubt with courage and boldness.
24. Money is a powerful force. Unfortunately, people use the power of money against them. 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 be the master of money, you need to be smarter than it. You need to be financially intelligent, then it will obey you and you will be able to make it work for you.
25. Too often, people count their house, savings and retirement plan as all they have in their asset column. Because they have no money to invest, they simply do not invest. This costs them investment experience. Most never become what the Investment world calls a "sophisticated Investor". And the best Investments are usually first sold to "sophisticated Investors" who then turn around and sell them to the people playing it safe.
Robert encourages people to sought for becoming "sophisticated Investors" as they are the people who make the best returns in Investments.
These were 25 best quotes from Robert Kiyosaki's Rich Dad Poor Dad book.
If you liked the article, share it with your friend who should read this book to gain control of their financial future and understand money and how it works.
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