Here's how to know when the market has finally hit rock bottom. Read more: BANK OF AMERICA: A recession is beginning now, and in a worst-case scenario stocks could fall another 20%. There's more opportunity today." ( June 15) (Kiyosaki was referring to investors panicking about potential 5% interest rates, when they could be excited about the discounted assets likely to emerge.) Once you understand that it's all in your head, and you can adjust the dials in your brain, you'll see a different world. "There's going to be more opportunities floating to the surface, as well as bodies floating to the surface." ( June 22) (Kiyosaki was highlighting the prospect of bargains emerging and businesses failing during an economic downturn.)ġ0. I think the bear is about to jump." ( June 15) (Kiyosaki meant that bull markets climb gradually, while bear markets strike suddenly.)ĩ. "Always remember this: The bull goes up the stairs, and the bear comes out the window. I'm smart.' And then the bear market shows you how stupid you are." ( June 22)Ĩ. "You could be really stupid, and you put your money on Apple and you got really rich, or bitcoin and, 'Oh my god, I'm rich. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated. Food and fuel, that's what scares me." ( June 15)ħ. Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. "The dangerous thing is people are being wiped out. There's no Wizard of Oz, no smoke and mirrors." ( May 11)Ħ. "There's nobody else behind the gold coin.
One of the reasons I have gold and silver and bitcoin is because I don't trust the government. That's the Federal Reserve Bank and the US Treasury.
"Since I was a little kid of 9 years old studying money, I realized the only people that control money are governments, tyrants, and despots. I'd rather have something tangible, I'd rather have oil, I'd rather have fertilizer, because they do something." ( May 11)Ĥ. Why would you save dollars when they're printing them? It makes no sense to me." ( May 25)ģ. His point is that formal education may teach us how to make money but not how to manage and grow it the way we must.Īccording to Kiyosaki the main issue with the people is most of them struggle in spending years in schools but they don’t focus on how to grow money with money and how to invest wisely.Here are Kiyosaki's 10 best quotes, lightly edited for length and clarity:ġ. However, that doesn’t mean that Kiyosaki downplays college education and suggests you to drop out. This personality epitomises the rich person in the real sense. Yet he always looks for opportunities, creates multiple sources of income and makes the money work for him instead of working for the money. Oppositely, his friend’s father happens to be a college dropout. In Robert’s eyes, his own father is an example of a poor man who spends his entire life depending on a single source of income. Robert’s father holds a high degree (PhD degree) and does a 9-5 job.
In this book the author Robert Kiyosaki talks about his two dads one is his biological father and other one is the father of his friend Mike. The books explains why your personal residence may not really be an asset and highlights the real difference between an asset and a liability, and much more. It also belittles the view that once rich are always rich or rich are born rich. Rich Dad Poor Dad teaches how to use money as a powerful and effective tool for wealth development.
#RICH DAD POOR DAD AUTHOR SERIES#
“ Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years, launched a series of books and related products and received positive reviews from some critics.” – Wikipedia Learn to Make Money Work for You This book has become the #1 Personal Finance book of all time and has been translated into several languages. The book has been widely read and is currently a trending best seller. Robert Kiyosaki authored the best-selling book 'Rich Dad Poor Dad.' Image: Shutterstock In brief Gold-loving investor Dennis Gartman says hes getting out of the crowded gold market. The book titled Rich Dad Poor Dad, first published in 1997, became a most recommended book for people interested in investment, money saving, and money growing.
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