Robert Kiyosaki Quotes

Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.

Get your assets working for you so that your "ass" isn't working for someone else.

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.

Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.

Financial freedom is available to those who learn about it and work for it.

Shortly after I met my mentor he asked me, ‘Mr. Rohn, how much money have you saved and invested over the last six years?’ And I said, ‘None.’ He then asked, ‘Who sold you on that plan?’

[My wife] has some investments and stuff.

We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.

If you can, you will quickly find that the greatest rate of return you will earn is on your own personal spending. Being a smart shopper is the first step to getting rich.

Capital is that part of wealth which is devoted to obtaining further wealth.

I don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?

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.

When I was very young, maybe 12 years, I began to make investments.

The key to wealth is not what we earn. It is in what is spent on us.

Wealth can only be accumulated by the earnings of industry and the savings of frugality.

You can get your money and you put it in the bank, or you can put it in the youth. You can put it in our future.

My rich dad believed we should all learn to take care of ourselves.

In 1997, in Rich Dad, Poor Dad, I stated, 'Your home is not an asset.' Real estate agents sent me hate mail.

My guiding principle and motivation was that I wanted to retire by the time I turned 35. There actually are two books that I bought and still have - Paul Terhost's 'Cashing In On the American Dream: How to Retire at 35' and Andrew Tobias's 'The Only Investment Guide You'll Ever Need' - that were my personal financial road map.

My parents manage my money, though growing up I was very hands on with investments and made all the decisions, even on behalf of my parents.

I might have companies, I might have buildings, I might have art. But money? No, I'm not holding that.

Women aren't driven by or thrilled by outperforming the market. They're much more excited about, 'Can I meet my goal?'

When you first come in the NBA, you have a lot of conversations about saving your money, financially educating yourself, not just trusting whoever it is handling your money, not just having those meetings once a year, and not really putting the effort into learning the same way you learn your craft on the court.

Floyd has showed me that he's set up with real estate, businesses, and investments.

Put your money in your head, that way no one can take it from you.