Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Robert T. Kiyosakiamazon.com
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
“The pattern of get up, go to work, pay bills; get up, go to work, pay bills. People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.”
An asset puts money in my pocket. A liability takes money out of my pocket.
“Look, school is very important. You go to school to learn a skill or profession to become a contributing member of society. Every culture needs teachers, doctors, mechanics, artists, cooks, businesspeople, police officers, firefighters, and soldiers. Schools train them so society can thrive and flourish,” said rich dad. “Unfortunately, for many pe
... See morePeople’s lives are forever controlled by two emotions: fear and greed.
It just sort of pushes you around. Each push is life saying, ‘Wake up. There’s something I want you to learn.’”
Garret Sutton’s books on corporations provide wonderful insight into the power of personal corporations.
“Life pushes all of us around. Some people give up and others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something. They learn and move on. Most quit, and a few like you fight.”
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.
Buying or building assets that deliver cash flow is putting your money to work for you.