WARNING:

Rich dad used to say, “The key to becoming wealthy is the ability to convert earned income into passive income or portfolio inc...

"It is true that your world is only a mirror of you."

Wealth measures how much money your money is making and, therefore, your financial survivability.

Be a little greedy. It’s the best cure for laziness.

One of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd. 

We play the “What if?” game. “What if the economy crashes right after I invest?” Or we have friends or loved ones who will remind us of our shortcomings. They often say, “If it’s such a good idea, how come someone else hasn’t done it?”

Thes...

Rich Dad believed that the words "I can't afford it" shutdown your brain.

"How can I afford it?" opens up possibilities, excitement and dreams

Once a dollar goes into assets, never let it come out.

Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours...

When people ask me what my reason for wanting to be rich is, I tell them that it is a combination of deep emotional “wants” and “don’t wants.”

When you get into financial hot water; use your brain to create more income while staunchly defending the assets in your asset column. And be like a good soldier defending the fort—Fort A...

Before success comes in any man's life, he is sure to meet with much temporary defeat, and, perhaps, some failure. 

When defeat overtakes a man, the easiest and most logical thing to do is to QUIT. That is exactly what the majority of men do.

When failures come along the way, always k...

Financial Freedom starts with a strong financial education.

1. Don’t get into large debt positions that you have to pay for. Keep your expenses low. Build up assets first. Then buy the big house or nice car. Being stuck i...

The Three Incomes In the world of accounting, there are three different types of income:

1. Ordinary earned
2. Portfolio
3. Passive

There are five main reasons why financially literate people may still not develop abundant asset columns that could produce a large cash flow.

The five reasons are:

1. Fear
2. Cynicism...

As a habit, I use my desire to consume to inspire and motivate my financial genius to invest.

Profits are made in the buying, not in the selling.

Failure inspires winners to become winners.

Choose heroes: the power of myth

By having heroes, we tap into a tremendous source of raw genius.

“If they can do it, so can I.”

The power of self-discipline If you cannot get control of yourself, do not try to get rich. It makes no sense to invest, make money, and blow it...

I just choose to be rich, and I make that choice every day.

Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or fri...

Start early. Buy a book. Go to a seminar. Practice. Start small. I turned $5,000 cash into a one-million-dollar asset producing $5,000 a month cash flow in less than six years. But I started

“If you find you have dug yourself into a hole... stop digging.”

The rich know that savings are only used to create more money, not to pay bills.

We all have tremendous potential, and we all are blessed. Yet the one thing that holds us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back...

In the stock market, I often hear people say, “I don’t want to lose money.” Well, what makes them think I or anyone else likes losing money? They don’t make money because they choose to not lose money

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

🔌page 107

Don't be this person

Pay yourself first

Financial IQ is made up of these four main technical skills :

1. Accounting
2. Investing
3. Understand Market
4. The law