A quote from Rich Dad, Poor Dad (2024)

FAQs

What is a good quote from Rich Dad Poor Dad? ›

“People who lack internal fortitude often become victims of those who have self- discipline.” “The easy road often becomes hard, and the hard road often becomes easy.” “In today's fast-changing world, it's not so much what you know anymore that counts, because often what you know is old. It is how fast you learn.

The most important lesson from Rich Dad, Poor Dad is that financial literacy is crucial to financial success. He argues that school education fails in this regard and needs to effectively teach financial literacy, including the basics of financial management and wealth building.

In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.

Work For Yourself, Not Your Boss

It means earning money through assets, not promotions and raises. Your profession is what you do to pay the bills, while your business is what you invest in to grow your assets. Kiyosaki followed his rich dad's advice and started buying assets, even while working a day job.

The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.

1. "Success is not final; failure is not fatal: It is the courage to continue that counts." 2. "It is better to fail in originality than to succeed in imitation."

- Poor Dad: Poor Dad had a traditional view of financial success, emphasizing the importance of a good education, job security, and living within one's means. He believed in working for a paycheck and avoiding risks. - Rich Dad: Rich Dad, in contrast, had a more entrepreneurial mindset.

🔹 It challenges traditional financial beliefs: Rich Dad Poor Dad challenges the traditional belief that getting a good education and working hard for a secure job is the only way to achieve financial success. The book encourages readers to think differently and consider alternative paths to wealth-building.

How to think and grow rich quotes? ›

Kiyosaki argues that working for money is a trap that many people fall into. Instead, he suggests that individuals should focus on building their own businesses or investing in assets that generate passive income. By doing so, they can break free from the cycle of working for money and achieve financial freedom.

Financial Focus and Philosophy

A lot of Kiyosaki's philosophy revolves around education. He believes that people should learn as much as possible about finance. He also believes that “real” financial education occurs outside the classroom. Kiyosaki is critical of people who spend years and money on advanced degrees.

Assets vs.

According to Kiyosaki, true wealth is defined by the assets you build rather than the amount of money you make. Assets are assets or investments that generate income, such as rental homes or dividend-paying stocks. Liabilities, on the other hand, are expenses you incur, such as mortgages or credit card debt.

- Rich Dad: Rich Dad, in contrast, had a more entrepreneurial mindset. He believed in acquiring assets, creating passive income streams, and constantly learning about money and investments. He saw opportunities where others saw obstacles.