Rich Dad Poor Dad

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

An asset puts money in my pocket. A liability takes money out of my pocket.

There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.

The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.

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

An asset is something that puts money in your pocket. A liability is something that takes money out of your pocket.

Financial intelligence is simply having more options.

Most people never get wealthy simply because they are not trained to recognize opportunities right in front of them.

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.

The richest people in the world build networks. Everyone else looks for work.

If you want to go somewhere, it is best to find someone who has already been there.

People say I want to be rich. But what they really mean is I want to spend a lot of money.

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

The trouble with the ‘Rat Race’ is that even if you win, you’re still a rat.

The most life-destroying word of all is the word ‘tomorrow.

The love of money is not the root of all evil. The lack of money is the root of all evil.

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.

You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.

I can’t afford it shuts down your brain... How can I afford it? opens up possibilities, excitement, and dreams.

Work to learn—don’t work for money.

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

Never say you cannot afford something. That’s a poor man’s attitude. Ask how to afford it.