Rich Dad, Poor Dad Quotes
"Having two dads offered me the choice of contrasting points of view: one of a rich man and one of a poor man."
"The love of money is the root of all evil." "The lack of money is the root of all evil."
"Instead of simply accepting or rejecting one or the other, I found myself thinking more, comparing, and then choosing for myself."
"One dad would say, 'I can't afford it.' The other dad forbade those words to be used. He insisted I ask, 'How can I afford it?'"
"My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make."
"One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, 'Taxes punish those who produce and reward those who don’t produce.'"
"The reason I’m not rich is because I have you kids." "The reason I must be rich is because I have you kids."
"The poor and the middle class work for money. The rich have money work for them."
"Most people learn about money from our parents. So what can poor parents tell their child about money? They simply say, 'Stay in school and study hard.'"
"A job is a short-term solution to a long-term problem."
"There is a difference between being poor and being broke. Broke is temporary. Poor is eternal."
"It’s not how much money you make. It’s how much money you keep."
"Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets."
"If you want to be rich, you need to be financially literate."
"An asset puts money in my pocket. A liability takes money out of my pocket."
"When it comes to houses, most people work all their lives paying for a home they never own."
"The greatest losses of all are those from missed opportunities."
"Loss of time, during which other assets could have grown in value."
"Your home is an emotional thing and when it comes to money, high emotions tend to lower financial intelligence."
"The rich buy assets. The poor only have expenses. The middle class buy liabilities they think are assets."
"The rich focus on their asset columns while everyone else focuses on their income statements."
"Financial struggle is often the result of people working all their lives for someone else."
"The lack of early financial education is what creates the risk faced by average middle-class people."
"The best thing about money is that it works 24 hours a day and can work for generations."
"Rich dad thought it best to go broke before 30. 'You still have time to recover' was his advice."
"Instead, I recommend to young people to seek work for what they will learn, more than what they will earn."
"The primary difference between a rich person and a poor person is how they manage fear."
"Rich dad believed that the words 'I can't afford it' shut down your brain."
"If you want something, you first need to give."
"Making it look easy convinces us to want to be just like them."
"Profits are made in the buying, not in the selling."
"The definition of insanity is doing the same thing over and over and expecting a different result."
"To be the master of money, you need to be smarter than it."
"Think big. Retailers love giving volume discounts, simply because most business people love big spenders."
"Learn from history. All the big companies on the stock exchange started out as small companies."
"The important words are 'have done' and 'do.' You must take action before you can receive the financial rewards."
"Without financial training, we all too often use the standard formulas to get through life: Work hard, save, borrow, and pay excessive taxes."
"Money is only an idea. If you want more money, simply change your thinking."
"The rich don’t work for money. They have their money work for them."
"The key to becoming wealthy is the ability to convert earned income into passive income or portfolio income as quickly as possible."
"Taxes are highest on earned income. The least-taxed income is passive income."
"It’s what is in your head that determines what is in your hands. Money is only an idea."