I read the book ‘Rich Dad, poor Dad’ by Robert Kiyosaki for the first time 2 months ago. The book is in no way, a new publication; however, I didn’t see the need to read this book even though so many people have read the book and reviewed it, until I was asked to read this book prior to a job interview. The book was published on the 8th of April 1997 and was on the New York Times and Businessweek bestseller list for many years, and I can now see why.
‘Rich Dad, Poor Dad’ is about Robert Kiyosaki and his two dads; the rich dad (his best friend’s father), and his poor dad (his biological father), and how they handle their finances. I have a lot to say about this book, however, I’ll settle for just dropping my 30 favourite quotes from the book. Enjoy
1. There is a difference between being poor and being broke. Broke is temporary, poor is eternal.
2. Money is one form of Power. But what is more powerful is Financial Education.
3. Learning how to have money work for you is a lifetime study.
4. People’s lives are controlled by two emotions: fear and greed. The fear of being without money motivates people to work hard; after earning the money, greed makes them think of things money can buy.
5. If you don’t learn how to master the power of money, you become a slave to money.
6. It’s not about how much money you make. It’s about how much money you keep.
7. Rich people acquire assets while the poor acquire liabilities which they think are assets.
8. Assets will put money in your pocket while a liability will take money out of your pocket.
9. A person will be financially secure if additional money is used to purchase income generating assets.
10. Wealth is a person’s ability to survive so many numbers of days forward- or, if I stopped working today, how long would I survive?
11. Financial struggle is often the result of people working all their lives for someone else.
12. If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.
13. Often in the real world, it’s not the smart who gets ahead, but the bold.
14. The greatest detractors of personal genius is excessive fear and self-doubt.
15. Be bold. Learn to take risks. Convert your fear into power and brilliance.
16. Wealth is in information. The person who has the timeliest information owns the wealth.
17. Financial intelligence is simple having more options if opportunities don’t come our way.
18. The single most powerful asset you have is your mind. If it is trained well, it can create enormous wealth.
19. Great opportunities are not seen with your eyes, they are seen with your mind.
20. Most people never win because they are more afraid of losing. Learn from mistakes.
21. Job is an acronym for ‘Just over broke’.
22. The primary difference between a rich person and a poor person is how they manage fear. Learn how to overcome fear, cynicism, laziness, bad habits, and arrogance.
23. For most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich.
24. Failure inspires winners. Failure defeats losers.
25. The words ‘I can’t afford it’ shut down your brain. The words ‘how can I afford this?’ opens up possibilities and dreams.
26. There is gold everywhere. Most people are not trained to see it.
27. Have good money habits. Learn to pay yourself first. Paying yourself first makes you financially stronger, mentally, and fiscally.
28. Each of us has a financial genius within us but the problem is our financial genius lies asleep waiting to be called on.
29. Stop doing what you’re doing if it’s not working. Look for something new.
30. Think big, take action.
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