17 Inspiring Rich Dad Poor Dad Quotes
Two major points in the book that initially grabbed my attention were:
- You do NOT need a high income to become rich.
- The poor work for money. The rich make their money work for them.
Similar to most successful people, Kiyosaki came from very humble beginnings.
The focus of his best selling book recounts the fact that he grew up with two father figures (one rich and one poor).
Kiyosaki’s biological father was an educated professor but always seemed to struggle financially. His other (non-biological) father became his mentor growing up.
It was the latter that taught him what it takes to become rich (at the time he was one of the wealthiest men in Hawaii) even though he also came from little.
Growing up, Kiyosaki began noticing the vast difference between both dads, especially in the way that they thought, spoke and acted.
He noticed that his real dad was poor, not because of his income (which was quite significant), but because of what he thought and believed about money.
Too many people think about money incorrectly which typically stems from what they were taught about it growing up.
For instance, if your parents constantly fought about money saying things such as, “We can’t ever afford something like that. It’s too darn expensive!” then there’s a good chance that this could cause you to associate money with conflict and anger.
Do you see how the way you’re raised could possibly cause you to have a terrible relationship with money?Join the Passive Investors Circle
How Most Doctors Think About Money
Most doctors think about money like this:
- I have to keep practicing until I’m at least 65 or older (whether I want to or not)
- I hope I have enough in my 401k to last me through retirement
- I’ll never be able to retire in my 40’s or 50’s
- I’ve put too much time, effort and money in my education to ever THINK about doing something else
- I’ll NEVER be able to take off weeks/months at a time while my kids are still young
If any of these statements sound like you then no worries, help is on the way!
The first step in succeeding in the financial world starts with how you currently think about money.
Related article: The Magic Of Thinking Big
You first need to acquire a mindset that helps you attract it, manage it and then multiply it….Rich Dad Poor Dad is just the book to get you started.
Without further ado, here’s 17 Inspiring Rich Dad Poor Dad Quotes.
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17 Inspiring Rich Dad Poor Dad Quotes
#1 “The three most important management skills necessary to start your own business are management of:
a. Cash flow
c. Personal time”
#2“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.”
#3 “One dad would say: “The love for money is the root of all evil”. The other one, “The LACK of money is the root of all evil”.
#4 “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.”
#5 “Don’t be addicted to money. Work to learn. Don’t work for money. Work for knowledge.”
#6 “It’s easier to stand on the sidelines, criticize, and say why you shouldn’t do something. The sidelines are crowded. Get in the game.”
#7 “Job is an acronym for ‘Just Over Broke.’ ”
#8 “There is a difference between being poor and being broke. Broke is temporary, poor is eternal.”
#9 “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
#10 “Know a little about a lot.”
#11 “An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.”
#12 “Cash flow tells the story of how a person handles money.”
#13 “I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I’m afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.” (One of my favorite ones)
#14 “Unfortunately for many people school is the end, not the beginning. Once a person (doctor) stops searching for information and self-knowledge, ignorance sets in.”
#15 “There is a big difference between your profession and your business. I often ask people “What is your business?” And they will say “Oh, I’m a banker”. Then, I ask them if they own the bank? And they usually respond “No, I work there…” A problem with school is that you often become what you study. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich.”
#16 “It is what you know that is your greatest wealth. It is what you do not know that is your greatest risk. There is always risk, so learn to manage risk instead of avoid it.”
#17 “The only difference between a rich person and poor person is how they use their time.”
Are You Ready?
Are you ready to take the next step to stop trading time (seeing patients all day long) for money? Join the Passive Investors Circle today.