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Entrepreneurship Mindset

“Rich Dad Poor Dad” Quotes

A list of quotes from Robert Kiyosaki's book "Rich Dad Poor Dad"

“Rich Dad Poor Dad” by Robert Kiyosaki is one of those eye-opening must-read books if you’re interested in entrepreneurship, making money, financial freedom, passive income, etc.

It’s filled with the wisdom and life lessons that Robert learned growing up from his two very different perspectives on life – his rich dad and his poor dad.

34 “Rich Dad Poor Dad” Quotes by Robert Kiyosaki:

Here are some of the top takeaway quotes and excerpts from the book.

#1

“Rich people acquire assets. The poor and middle class acquire liabilities they think are assets.”

Robert Kiyosaki, Rich Dad Poor Dad

#2

“My poor dad said, “you need to know a lot about one specialty.” My rich dad said, “you need to learn a little about a lot of things.”

Robert Kiyosaki, Rich Dad Poor Dad

[ Related Article: Most Important Skills A Successful Entrpreneur Needs ]

#3

“‘I can’t afford it’ shuts down your brain – it didn’t have to think anymore. ‘How can I afford it?’ forced it to think and search for answers, open up possibilities, excitement, and dreams.”

Robert Kiyosaki, Rich Dad Poor Dad

#4

“Everything the working class has been told to do, the rich do not do. That is my message.”

Robert Kiyosaki, Rich Dad Poor Dad

#5

“If you have any desire to be rich, you must focus. Do not do what poor and middle-class people do: put their few eggs in many baskets. Put a lot of your eggs in a few baskets and FOCUS: Follow One Course Until Successful.”

Robert Kiyosaki, Rich Dad Poor Dad

#6

“The only difference between a rich person and a poor person is how they use their time.”

Robert Kiyosaki, Rich Dad Poor Dad

#7

“Money without financial intelligence is money soon gone.”

Robert Kiyosaki, Rich Dad Poor Dad

#8

“When I say mind your business, I mean to build and keep your asset column strong. Once a dollar goes into it, never let it come out. Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations.”

Robert Kiyosaki, Rich Dad Poor Dad

#9

“The rich focus on their asset columns while everyone else focuses on their income statements.”

Robert Kiyosaki, Rich Dad Poor Dad

#10

“In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.”

Robert Kiyosaki, Rich Dad Poor Dad

#11

“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.”

Robert Kiyosaki, Rich Dad Poor Dad

#12

“When your assets generate enough income to cover your expenses, you are wealthy, even if you are not yet rich.”

Robert Kiyosaki, Rich Dad Poor Dad

[ Related Article: 8 Types of Royalties That Provide Passive Income And Cash Flow ]

#13

“An intelligent person hires people who are more intelligent than he is.”

Robert Kiyosaki, Rich Dad Poor Dad

#14

“Many financial problems are caused by trying to keep up with the Joneses.”

Robert Kiyosaki, Rich Dad Poor Dad

#15

“Once you understand the difference between assets and liabilities, concentrate your efforts on buying income-generating assets.”

Robert Kiyosaki, Rich Dad Poor Dad

#16

“An asset puts money in your pocket. A liability takes money from your pocket.”

Robert Kiyosaki, Rich Dad Poor Dad

#17

“Financial intelligence is simply having more options, figuring out ways to create opportunities or altering situations to work in your favor.”

Robert Kiyosaki, Rich Dad Poor Dad

#18

“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

Robert Kiyosaki, Rich Dad Poor Dad

#19

“Simple math and common sense is all that is needed to do well financially.”

Robert Kiyosaki, Rich Dad Poor Dad

#20

“When I want bigger house. I first buy the assets that will generate the cash flow to pay for the house.”

Robert Kiyosaki, Rich Dad Poor Dad

#21

“Keep expenses low, reduce liabilities, and diligently build a base of solid assets.”

Robert Kiyosaki, Rich Dad Poor Dad

#22

“The three most important management skills necessary to start your own business are management of: cash flow, people, personal time.”

Robert Kiyosaki, Rich Dad Poor Dad

#23

“The old-money people, the long-term rich, build their asset column first. Then the income generated from the asset column buys their luxuries. The poor and middle class buy luxuries with their own sweat, blood, and children’s inheritance.”

Robert Kiyosaki, Rich Dad Poor Dad

#24

“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.”

Robert Kiyosaki, Rich Dad Poor Dad

#25

“The poor and the middle-class work for money. The rich have money work for them.”

Robert Kiyosaki, Rich Dad Poor Dad

#26

“There is gold everywhere. Most people are not trained to see it.”

Robert Kiyosaki, Rich Dad Poor Dad

#27

“Wealth is a person’s ability to survive so many number of days forward—or, if I stopped working today, how long could I survive?”

Robert Kiyosaki, Rich Dad Poor Dad

#28

“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.”

Robert Kiyosaki, Rich Dad Poor Dad

#29

“The faster you can make a decision the more likely you’ll be able to seize opportunities before someone else does.”

Robert Kiyosaki, Rich Dad Poor Dad

#30

“If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending.”

Robert Kiyosaki, Rich Dad Poor Dad

#31

“An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.”

Robert Kiyosaki, Rich Dad Poor Dad

#32

“Always start at the end before you begin. Professional investors always have an exit strategy before they invest. Knowing your exit strategy is an important investment fundamental.”

Robert Kiyosaki, Rich Dad Poor Dad

#33

“Money is only an idea. If you want more money simply change your thinking. Every self-made person started small with an idea, then turned it into something big. It takes only a few dollars to start and grow into something big.”

Robert Kiyosaki, Rich Dad Poor Dad

#34

“When I decided to exit the rat race, it was simply a question of ‘How can I afford to never work again?’ And my mind began to kick out answers and solutions.”

Robert Kiyosaki, Rich Dad Poor Dad