My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
Rich dad said it this way, 'Big people have big dreams and small people have small dreams. If you want to change who you are, begin by changing the size of your dreams.'
My Poor Dad Often Said, 'I'd Rather Be Happy Than Rich.' My Rich Dad Said, 'Why Not Be Both?'
You'll often find that it's not mom or dad, husband or wife, or the kids that's stopping you. It's you. Get out of your own way.
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.
My Rich Dad said, 'All of us have the power of choice. I choose to be rich, and I make that choice every day.'
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.
I would not be well-known if I had just used my gift to make money for me. The moment I started to teach others - you teach people to fish - I think that's why my book Rich Dad, Poor Dad became an international bestseller, and things like this.
Direct sales offers the education my rich dad taught: build your own network rather than working for a network.
In 1997, in Rich Dad, Poor Dad, I stated, 'Your home is not an asset.' Real estate agents sent me hate mail.
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."
Rich dad has taught me "You can't do it" doesn't necessarily mean "you can't". It more often means "they can't".
