Rich Dad, Poor Dad

Quotes from the Introduction of Rich Dad Poor Dad by Robert Kiyosaki

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“The reason positive thinking alone does not word is because most people went to school and never learned how money works, so they spend their lives working for money.” – Robert Kiyosaki

Coronavirus, federal shutdowns, mass layoffs, and life experiences have changed the American dream.  It is no longer good enough to go to school, get married, get a job, buy a house with a white picket fence and retire with a gold wrist watch.  Truthfully, the advancement of technology through that dream away with the invention of the iPhone.

Apple created that product and that little computer in our hands made it possible for new careers to be created through the power of the internet.  But one thing has remained consistent, it takes money to survive no matter what you do or where you live. Financial independence is now more realistic and attainable than buying that house with a white picket fence that my parents dreamed of when they were young.

Financial independence requires financial education and we can do that on our own with a little bit of determination and diligence.  I recommend reading Rich Dad, Poor Dad by Robert Kiyosaki.  As you consider your own financial journey, here are 10 quotes from this introduction to help you decide if this book can be a resource for you.

Rich Dad

Quotes from the Introduction of Rich Dad, Poor Dad by Robert Kiyosaki:

1. Choosing between differing point of views to follow.

”As a process, choosing for myself turned out to be much more valuable in the long run than simply accepting or rejecting a single point of view.”

2. Differences in parenting techniques.

”One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school.”

3. Deficits in depending on public school.

”Sadly, money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills.”

4. Your perspective determines your future.

“For example, one dad has a habit of saying, “I can’t afford it.” The other dad forbade those words to be used.  He insisted I ask, “How can I afford it?” One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think.”

5.  The power of mental fitness.

“Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth.”

6.  Children listen to your words.

“One dad recommended, “Study hard so you can find a good company to work for.” The other recommended, “Study hard so you can find a good company to buy.”

“The reason I’m not rich is because I have you kids.” The other said, “The reason I must be rich is because I have you kids.”

7.  You can teach kids even if they aren’t your own.

“He spoke out against the entitlement mentality and how it created weak and financially needy people.  He was empathic about being financially competent.”

“One encouraged talking about money and business at the dinner table…”

“The other dad taught me how to write strong business and financial plans so I could create jobs.”

8. Your thoughts can impact your life.

“I noticed that people really do shape their lives through their thoughts.”

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

9. Respect the education process but you make the determination on what is important to you.

“One wanted me to study hard, earn a degree, and get a good job to earn money…..The other encouraged me to study to be rich, to understand how money works, and to learn how to have it work for me.”

10. Decide what gives you power?

“Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”

Tune in next week for quotes from Chapter 1.  Join me in reading & discussing this book.

Til next time,

“Sadly, money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills.” – Robert Kiyosaki

 

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