Sunday, May 25

Motivational Quotes: Personal Development - Robert Kiyosaki

"You need to understand the difference between an asset and a liability. An asset puts money in your pocket and a liability takes money from your pocket. The rich understand the difference and buy assets, not liabilities."

"If you aren't practicing and playing to be first, then maybe you shouldn't be an entrepreneur."

"The main reason people struggle financially is because they have spent years in school but learned nothing about money ."

Robert Kiyosaki, author of "Rich Dad Poor Dad," is an investor, entrepreneur, and educator. In arguing that "old" advice; to get a good job, work hard, save money, get out of debt, and invest for the long term, is obsolete and flawed, Kiyosaki has earned a reputation for straight talk, irreverence, and courage.
"Rich Dad Poor Dad" is the longest-running best-seller on the New York Times, Wall Street Journal, USA Today, and Business Week best-seller lists. It held a top spot on the New York Times list for nearly five years and was USA Today's No. 1 money book for 2004. Prior to writing "Rich Dad Poor Dad," Kiyosaki created the educational board game Cash flow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him.
For more info on Robert Kiyosaki, click here.

The best part of the Rich Dad, Poor Dad, for me was the message of the third quote above. Unless you were a Finance major in college, your twelve to twenty years of formal education never taught you how and where to invest. You were only taught that the only big money came from a company paying you for a their work, and not the busting-ass work you put in towards a degree. Big money is everywhere, Kiyosaki is another example of entrepreneurial success.

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