Robert Kiyosaki

(Robert Toru Kiyosaki)

Robert Kiyosaki
Robert Kiyosaki
  • Born: April 8, 1947
  • Nationality: American
  • Profession: Author

105

Quotes

0

Citations

15

Concepts

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Videos

Robert Toru Kiyosaki is an American businessman and author. Kiyosaki is the founder of Rich Global LLC (now bankrupt) and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent people using Kiyosaki's brand name for a fee. He is also the creator of the Cashflow board and software games to educate adults and children business and financial concepts.

Quotes About
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Quotes
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A financial crisis is a great time for professional investors and a horrible time for average ones. Time
A lot of people are afraid to tell the truth, to say no. That's where toughness comes into play. Toughness is not being a bully. It's having backbone. Truth
As long as you blame someone or something else - something outside you that's bigger than you are - as the source of your problems, the problems won't get solved.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket. Money, Coins & Minting ;Work, Workers & The Labor Force
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
Being politically correct means saying what's polite rather than what's accurate. I like to be accurate.
By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card. Business, Commerce & Finance
Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold. Religion & God ;Politics, Politicians & Political Campaigning & Fund Raising
Confidence comes from discipline and training.
Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
Deflation isn't good, and inflation is easier to cure than deflation.
Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age. Money, Coins & Minting ;War & Peace
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain. Nutrition, Food, Starvation, Farming & Agriculture
Education is what you learn after you leave school. Education, Learning, Knowledge & Training
Even though the risks of death are higher driving than flying, many people would rather drive simply because they feel they have more control driving. The facts are that only a few hundred people die a year flying, and 44,000 are killed a year driving. Death
Every time I hear a politician mention the word 'stimulus,' my mind flashes back to high school biology class, when I touched battery wires to a dead frog to make it twitch. Time
Everybody could be an entrepreneur, but very few will become very rich entrepreneurs.
Everything the working class has been told to do, the rich do not do. That is my message.
Few people realize that luck is created.
Financial freedom is available to those who learn about it and work for it. Freedom & Liberty ;Work, Workers & The Labor Force
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing. Success ;Business, Commerce & Finance ;Families, Children & Parenting
For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise. Work, Workers & The Labor Force
For something to collapse, not all systems have to shut down. In most cases, just one system is enough. For example, the human body is a system of systems. If just one system, such as the cardiovascular system, shuts down, death follows. Death
French fries kill more people than guns and sharks, yet nobody's afraid of French fries.
Generous people can become more generous as they become richer, giving away vast fortunes to worthwhile causes as Bill Gates and Warren Buffett are doing.
Giving a poor person money keeps them poor. Money, Coins & Minting
History reminds us that dictators and despots arise during times of severe economic crisis. History
I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.
I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses - each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.
I believe that one key to success is to accept truth, no matter how it's spoken. Truth ;Success
I do know that throughout history, all paper money has eventually come back to its true value, which is zero. History ;Money, Coins & Minting
I do not live on false promises. I cannot afford to live on bad advice.
I explain the law of compensation like this: 'Returns are minimal in spite of massive effort at the start, yet returns can be massive with minimal effort over time. Time
I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer. Money, Coins & Minting
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time. Life ;Time
I resigned from the Marine Corps and flying in 1974, even though I loved them both. I quit because I no longer wanted to fight for peace. Instead, I believe we can build a more sustainable peace by working for prosperity. War & Peace
I want parents to teach that academic intelligence is essential, but so is financial intelligence.
I worked for Xerox for 4 years and after that I knew I was never going to be a corporate person. It wasn't my environment.
If I have cash and I can't figure a way to put it into real estate or my business, I hold it in gold and silver. Business, Commerce & Finance
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. Time
If you can ask a young man to give his life for his country, you can lead people. Life
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement. Government ;Money, Coins & Minting
If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all focused intensely in order to win. Success
If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you're rich and politically connected, your incompetence may be protected by a government bailout. Government ;Business, Commerce & Finance
If you want to go somewhere, it is best to find someone who has already been there.
If you want to thrive in today's economy, you must challenge the status quo and get the financial education necessary to succeed. Education, Learning, Knowledge & Training
If you're going to be a winner in life, you have to constantly go beyond your best. Life
If you're working for a good company and you're happy there, and you're being compensated accordingly, and your work satisfies you, you should stay there. Work, Workers & The Labor Force
I'm a cash flow guy. If it doesn't make me money today, forget about it. Money, Coins & Minting
I'm a real estate guy.
In business, success often depends upon the relative age of your ideas. Success ;Business, Commerce & Finance
In the world of money and investing, you must learn to control your emotions. Money, Coins & Minting
Inside of every problem lies an opportunity.
Intelligent people should learn from their experiences. With people on the street, the bad experience has beaten them.
It was easy being healthy when I was young. I was full of energy, so sports and physical challenges were fun. But as I got older and the spring left my step, exercise became harder, and eating, drinking and watching TV became easier. By the time I was 50, I'd put on 50 pounds. Time ;Sports & Athletics
It's easier to aim to please and say what others want to hear than to form an opinion and fight for it, even if it means taking a risk or losing your job.
It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started. Time ;Freedom & Liberty ;Money, Coins & Minting
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.
John D. Rockefeller apparently became more of a tightwad the richer he got. I don't know if it is true, but one story I read was about one of his sons having to wear his older sister's clothes in order to save money. Money, Coins & Minting
Losers are people who are afraid of losing.
Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.
Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from. Money, Coins & Minting
Money is kind of a base subject. Like water, food, air and housing, it affects everything yet for some reason the world of academics thinks it's a subject below their social standing. Money, Coins & Minting ;Nutrition, Food, Starvation, Farming & Agriculture
Most businesses think that product is the most important thing, but without great leadership, mission and a team that deliver results at a high level, even the best product won't make a company successful. Leaders & Leadership
Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers. Government
Most people are happy being average. Most are happy being faceless in a sea of faces.
Most shareholders have little if any control over the companies in which they own stock, even if they own a million shares.
My company survives because I've learned to respect the ideas of people younger than me and recognize when my wisdom is obsolete. Respect
My partner Donald Trump says that married couples should always have a prenuptial agreement. True, a prenuptial is important if one partner is much richer than the other before marriage, but Kim and I don't have one. Families, Children & Parenting
Often, in the real world, it's not the smart that get ahead but the bold.
Our brains are either our greatest assets or our greatest liabilities.
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.
People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history. History
People say 'I want to be rich'. The question is, 'Are you willing to do what it takes?'
People who lie to themselves about investing are the same as overweight people who blame their genes for their obesity.
Pricey oil makes clear that wealth really is energy in various forms.
Quitting is the easiest thing to do.
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.
So the Marine Corps really did teach me to conquer fear, and then to go for higher causes, higher purposes.
Start a part-time business and make as many mistakes as you possibly can while you still have your daytime job. Business, Commerce & Finance
The best way to predict the future is to study the past, or prognosticate. Future
The greatest story of all is Colonel Sanders. He didn't start until he was sixty-six on a freeway bypass for his chicken shop. Anything is possible!
The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
The problem with real estate is that it's local. You have to understand the local market.
The rich are those who play to win. The middle class plays not to lose.
The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them. Money, Coins & Minting ;Work, Workers & The Labor Force
The richest people in the world look for and build networks; everyone else looks for work. Work, Workers & The Labor Force
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. Success
The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
The thing I always say to people is this: 'If you avoid failure, you also avoid success.' Failure ;Success
The thing most people don't pick up when they become an entrepreneur is that it never ends. It's 24/7.
The trained mind is a rich mind.
We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them. Money, Coins & Minting ;Work, Workers & The Labor Force
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
What I invest in, while not risky for me, may be too risky for most people.
When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
When people are lame, they love to blame. Love, Romance, Marriage & Sex
When President George W. Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements. Love, Romance, Marriage & Sex ;War & Peace
When President Obama speaks about raising taxes on the rich, he speaks about high-income employees and small business owners, not entrepreneurs who build big businesses. Business, Commerce & Finance
When times are bad is when the real entrepreneurs emerge. Business, Commerce & Finance
While the Chinese people, as a rule, are good people, my business dealings with Communist Chinese officials have left me disturbed and concerned about the rise of the Chinese Empire. Business, Commerce & Finance
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.
World War II broke out in 1939, and many people credit that war with saving the economy. War & Peace
You have to be smart. The easy days are over. Intelligence, Spying, Espionage & Covert Operations
You have to look for teachers. If you want to be a mechanic, go hang out with mechanics.