Rich Dad, Poor Dad by Robert T. Kiyosaki – Notes, Quotes and Highlights (Part 2)

The donkey’s owner may be going where he wants to, but the donkey is chasing an illusion. Tomorrow, there will only be another carrot for the donkey,

If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes.

Assets put money in your pocket. A liability is something that takes money out of your pocket.

The fear of being different prevents most people from seeking new ways to solve their problems.

The greatest losses of all are those from missed opportunities. If all your money is tied up in your house, you may be forced to work harder.

If I quit my job today, I would be able to cover my monthly expenses with the cashflow from my assets.

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

These ideas still focus on the income column and will only help a person become more financially secure if the additional money is used to purchase income-generating assets.

Keep your day job, be a great hardworking employee, but keep building that asset column.

Each dollar in my asset column was a great employee, working hard to make more employees and buy the boss a new Porsche.

Consider finding out more about the benefits and protection offered by a corporation as soon as possible.

It will be a time of watching some people move boldly forward while others cling to worn-out life preservers.

The world is always handing you opportunities of a lifetime, every day of your life, but all too often we fail to see them.

Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.

The definition of insanity is doing the same thing over and over and expecting a different result.

It took a day to read the book, a day to take action, an hour for lunch, and a day to acquire two great deals.

Portfolio income is the income that makes Bill Gates the riches man in the world, not earned income.

The key to financial freedom and great wealth is a person’s ability to convert ordinary income into passive and / or portfolio income.

Ordinary income is money you work for, and passive and portfolio income is money working for you.

What’s your favorite line so far?

Click here to get a copy of the book. 

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Forever Winter

Just reading and writing my way out of this messy adult life! I have transitioned from having piles of notebooks stacked underneath my bed from writing on the internet and allowing people worldwide to read.

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