Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
An asset puts money in my pocket. A liability takes money out of my pocket.
When it comes to money, most people want to play it safe and feel secure. So passion does not direct them. Fear does.”
the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set.”
every person has a weak and needy part of their soul that can be bought, and he knew that every individual also had a part of their soul that was resilient and could never be bought. It was only a question of which one was stronger.
Buying or building assets that deliver cash flow is putting your money to work for you.
“What intensifies fear and desire is ignorance. That is why rich people with lots of money often have more fear the richer they get.
It’s just like the picture of a donkey dragging a cart with its owner dangling a carrot just in front of its nose. The donkey’s owner may be going where he wants to, but the donkey is chasing an illusion. Tomorrow there will only be another carrot for the donkey.” “You mean the moment I picture a new baseball glove, candy and toys, that’s like a ca
... See moreThe poor and the middle class work for money. The rich have money work for them.
People’s lives are forever controlled by two emotions: fear and greed.