Sonntag, 25. September 2022

Rich dad, poor dad - Robert Kiyosaki

  • If you learn lifes lessons, you will do well. If not, life will jsut continue to push you around.
  • Life pushes all of us around. Some people give up and other fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it meand they need an want to learn something. They learn and move on. Most quit, and a few fight.
  • If you learn this lesson, you will grow in to a wise, wealthy, and happy young man. If you dont, you will spend your life blaming.
  • If you think I am the problem, then you have to change me. If you realize that youre the problem, then you can change yourself, learn something, and grow wiser. Most people want everyone else in the world to change but themselves. Let me tell you, it's easier to change yourself than everyone else.
  • The pattern of get up, go to work, pay bills; get up, go to work, pay bills. Peoples lives are forever controlles by two emotions: fear and greed: Offer them more mone and they continue the cycle by increasing their spending. This is what I call the Rat Race.
  • A job is really a short-term solution to a long-term problem (having to pay expenses)
  • Its not how much money you make. Its how much money you keep.
  • The rich focus on their asset columns while everyone else focuses on their income statements.
  • 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 am a banker." Then I ask them if they own the bank. "No, I work there.". In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business
    • Their business is selling their labour to the bank. It doesnt scale. There is only so much time you have. Time for income, not for assets
    •  Too many people forget to mind their own business. They spend their lives minding someones elses business and making that person rich
  • Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home. A
  • Keep expenses low, reduce liabilitites, and diligently build a base of solid assets.
  • The economy was terrible at that time. For investors, this is the perfect market condition.... Because people were giving properties away I was buying.I was not saving money. I was investing.
  • It says best-selling author, not best-writing.
  • But a savvy investor knows that the seemingly worst of times is actually the best of times to make money. When everyone else is too afraid to act, they pull the trigger and are rewarded.
  • A friend of mine recently had her apartment burglarized. The thieves took her leectronics and left all the books. And we all have that same choice. 90% of the population buys TV sets, and only about 10% buy business books.
  • This is because, in the market, it is usually the crowd that shows up late that is slaughtered. If a great deal is on the frnot page, its too late in most instances. Look for a new deal.
  • This is hard for most investors because buying what is not popular is frightening.
  • Money is only an idea. If you want more money, simply change your thinking.

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