Great thoughts by Kiyosaki

An asset = something that puts $$$ in your pocket whether you work or not 

With every $ that comes into your hand, you have a CHOICE. If you’re smart, you’ll buy an asset with that dollar

Only borrow money when you don’t need it

Just do it once. “How can I do it just once, for it to return money to me forever?” Creative multiple streams of passive income

 

Pay yourself FIRST. Every day put money aside to buy income-producing assets, before you pay bills, food, rent, ANYTHING

The rich buy assets first, so that they can eventually buy liabilities

The biggest challenge you have, is dealing with your self-doubt. Challenge your self-doubts

The goal is to GET OUT OF THE RAT RACE!” 

 

Fear keeps most people working at a job. The fear of not paying their bills, the fear of being fired, the fear of not having enough money. The fear of starting over. The fear of ‘what will people say 

That’s the price of studying to learn a profession and then working for money. Most people become a slave to money… and then get angry at their boss 

 

Most people work very hard, for little money, clinging to the illusion of job security, looking forward to 3-week vacation each year and a skimpy pension after 45 years of work. If that excites you, go for it. 

Most people can be bought – they have a price, because of human emotions called FEAR and GREED. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed starts us thinking about all the wonderful things money can buy. The pattern is then set. They’re in the Rat Race

Every day they wake up with this fear gnawing at their soul. They rush off to work, hoping that a paycheck will kill the fear. Money is running their lives, and they refuse to tell the truth about it.” 

I often wondered why grown-ups hurried off to work. It never seemed like much fun and they never looked that happy, but something kept them hurrying off to work 

 

Once a dollar goes into it, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations