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27 ideas
·6.33K reads
36
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"The Poor and Middle-Class Work for Money. The Rich have money Work for Them"
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"If you are 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 have done something I am very proud of the two of you. I will say it again: keep going don't quit."
Page:24
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"Because because I choose to be a school teacher. School teachers really don't think about being rich. We just like to teach. I wish I could help you, but I really don't know how to make money."
Page:25
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"A Nice Car & a Nice house don't necessarily mean you are rich or you know how to make money."
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"Okay, here's my offer. I will teach you, but I won't do it classes style. You work for me I will teach you, you don't work for me I won't teach you. I can teach you faster if you work, and I'm wasting my time if you just want to sit and listen like you do in school. That's my offer. Take it or leave it"
Page:28
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"No. Take it or Leave it. I've got too much work to do to waste my time. If you can't make up your mind decisively, then you will never learn to make money anyway. Opportunities come and go. Being able to know when to make quick decisions is an important skill. You have the opportunity that you asked for. School is beginning or it's over in 10 seconds"
Page:28
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"The world is moving faster and faster. stock market rates are made in milliseconds. deals come and go on the Internet in a matter of minutes. more and more people are competing for good deals. so the faster you can make a decision the more likely you will be able to seize opportunities before someone else does"
Page:29
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But that is not how life teaches you, and I would say that life is the best teacher of all. Most of the time life does not talk to you. It just sort of pushes you around. Each push is life saying, 'Wake up. there's something I want you to learn.'"
Page:34
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"If you learn life's lessons, you will do well. If not, life will just continue to push you around. People do two things. Some just let life push them around. Others get angry and push back. But they push back against their boss, or their husband or wife. They do not know it's life that's pushing."
Page:34
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"Life pushes all of us around. Some people give up & others fight. A few learn lesson & move on. They welcome life pushing them around. To these few people, it means they need & want to learn something. They learn & move on. Most quit and a few like you fight."
Page:34
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"You'll live life always hoping for the big break that will solve all your problems."
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"You really wanted to win, but the fear of losing was greater than the excitement of winning."
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Today's millennials are learning the bard facts of life. Jobs are harder to find. Robots are replacing workers by the millions. Learning by making mistakes through trial and error is more & more important. Book learning is proving to be less valuable in the real world. No longer does college education guarantee a job.
Page: 36
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I've learned the truth & wisdom in rich dads words. So much of life is out of our control. I've learned to focus on what I do have control over: myself. And if things must change, first I must change.
Page:36
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If you realise that you are the problem then you can change yourself, learn something, and grow wiser. Most people want everyone else in the world to change but themselves. Let me tell you, it's easier to change yourself than everyone else.
Page:37
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My highly educated dad recommended that I do what he did. "Son, I want you to study hard, get good grades, so you can find a safe, secure job with a big company. And make sure it has excellent benefits." My rich dad wanted me to learn how money works so I could make it work for me.
Page:39
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"You're taxed when earned. You're taxed when you spend. You're taxed when you save. You're taxed when you die."
Page:42
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As governments expand and need more and more money, the only place to get is the middle class. That means the workers. Every government now favours the professional investor and business owners. Workers pay tax; investors and business owners pay very little tax, If they use the tax law as intended as a tool to build the economy.
Page: 43
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Most people never study the subject. They go to work, get their a paycheck, balance their chequebooks, and that's it. Then they wonder why they have money problems. They think that more money will solve the problem and don't realise that it's their lack of financial education that is the problem.
Page: 43
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"Human emotions named fear and greed. First, the fear of being without money motives us to work hard, and then once we get that paycheck, greed or desire stars us thinking about all the wonderful things money can buy."
Page: 48
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As the world population ages and more and more people moved toward retirement it's been reported that the #1fear is tied to money. Nearby only 50% of those surveyed fear that they will outline the money running out of in their "Golden years."
Page: 49
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