In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
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.
Financial struggle is often the direct result of people working all their lives for someone else.
In the world of money and investing, you must learn to control your emotions.
Don't be addicted to money. Work to learn. don't work for money. Work for knowledge.
Often, the more money you make the more money you spend; that's why more money doesn't make you rich - assets make you rich.
Every time you think you can’t do something... someone else thinks they can.
The most important word in the world of money is cash flow. The second most important word is leverage.
Always start at the end before you begin. Professional investors always have an exit strategy before they invest. Knowing your exit strategy is an important investment fundamental.
Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.
A good leader is always looking for people smarter and more experienced than they are. If you are the smartest one in the room, then you are stupid.
The most important job of an entrepreneur is to design the business before there is a business.
Being an # entrepreneur is not a get-rich scheme; it takes # strength of character to keep going.
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.
The most important job of the entrepreneur begins before there is a business or employees. The job of an entrepreneur is to design a business that can grow, employ many people, add value to its customers, be a responsible corporate citizen, bring prosperity to all those that work on the business, be charitable, and eventually no longer need the entrepreneur. Before there is a business, a successful entrepreneur is designing this type of business in his or her mind's eye. According my rich dad, this is the job of a true entrepreneur.
Before there is a business, a successful entrepreneur is designing this type of business in his or her mind's eye. According to my rich dad, this is the job of a true entrepreneur.
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.
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
In fact, 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.
"Why is the creative entrepreneur the riskiest type to be?" I asked. "Because being creative means you are often a pioneer. It is easy to copy a successful and proven product. It is also less risky. If you learn to innovate, create, or invent your way to success, you are an entrepreneur creating new value rather than an entrepreneur who wins by copying."
Rich dad went on to explain that the world was filled with different types of entrepreneurs. There are entrepreneurs who are big and small, rich and poor, honest and crooked, for-profit and not-for-profit, saint and sinner, small town and international, and successes and failures. He said, "The word entrepreneur is a big word and it means different things to different people."
One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan - that is, the dream is bigger than the dreamer.
