This is the first book of Rich Dad Poor Dad trilogy and without a doubt is one of the best ones. On this book, Robert Kiyosaki will explain the main difference between rich people and poor people. Don’t think it’s about money because it’s a matter of mindset.
I have read this book in Spanish first and then in English —which I think is better— and I can only say that it’s the most basic book on finances that is suited for everyone. Doesn’t matter where are you in life or what you do, this knowledge about how money works are fundamental for all of us.
I recommend you this book, so check it out on [Amazon].
I guess you are wondering why is this financial book on a Natural Medicine website. Well, the main reason is that every area of our life is connected and when people don’t know how to manage their finances it usually affects their health.
With this book, I was able to show how easy it is to [eat healthy on a low budget] so there’s no excuse like “eating healthy is too expensive” because that’s a lie.
Rich Dad Poor Dad
Here I will leave you a collection of quotes from the book that I consider the best of the book. Those quotes have changed my mindset so I can take more control over my financial life and as Robert Kiyosaki says don’t think about finances as paper-money because it is deeper than that.
Actually, time is the currency of riches.
The school doesn’t prepare you
One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school. — 3p | Rich Dad Poor Dad: [Amazon]
Leaders that are unprepared
Our staggering national debt is due in large part to highly educated politicians and government officials making financial decision with little or no training in the subject of money. — 3p
A poor mindset
I noticed that my poor dad was poor, not because of the amount of money he earned, which was significant, but because of his thoughts and actions. — 7p
First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set. — 41p
The pattern of get up, go to work, pay bills; get up, go to work, pay bills. people’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race. — 41p
Money is running their lives, and they refuse to tell the truth about that. Money is in control of their emotions and their souls. — 42p
Character problems of having money
In fact, the reason many rich people are rich isn’t because of desire, but because of fear. They believe that money can eliminate the fear of being poor, so they amass tons of it, only to find the fear gets worse. Now they fear losing the money. I have friends who keep working even though they have plenty. I know people who have millions who are more afraid now than when they were poor. They’re terrified of losing it all. The fears that drove them to get rich got worse. That weak and needy part of their soul is actually screaming louder. They don’t want to lose the big houses, the cars and the high life money has bought them. They worry about what their friends would say if they lost all their money. Many are emotionally desperate and neurotic, although they look rich and have more money. — 43p | Rich Dad Poor Dad: [Amazon]
Don’t lie to yourself
I’ve met so many people who say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day. That’s a denial of truth. If they weren’t interested in money, then why are they working? That kind of thinking is probably more psychotic than a person who hoards money. — 44p
Fear of not having money
Emotions are what make us human. The word ‘emotion’ stands for ‘energy in motion.’ Be truthful about your emotions and use your mind and emotions in your favor, not against yourself. — 45p
When a person says, ‘I need to find a job,’ it’s most likely an emotion doing the thinking. Fear of not having money generates that thought. — 45p
Money educated society
In an educated society with a well-run government, prices should actually come down. Of course, that is often only true in theory. Prices go up because of greed and fear caused by ignorance. If schools taught people about money, there would be more money and lower prices. But schools focus only on teaching people to work for money, not how to harness money’s power. — 51p
Remember what I said before: A job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short-term. It’s the bills at the end of the month, the Tar Baby. Money controls their lives, or should I say the fear and ignorance about money controls it. So they do as their parents did. They get up every day and go work for money, not taking the time to ask the question, ‘Is there another way?’ Their emotions now control their thinking, not their heads. — 53p | Rich Dad Poor Dad: [Amazon]
Read the numbers
What defines an asset are not words, but numbers. And if you can’t read the numbers, you can’t tell an asset from a hole in the ground. — 66p
Your own house is not an asset
I really don’t expect most people to agree with it because your home is an emotional thing and when it comes to money, high emotions tend to lower financial intelligence. — 85p
Strategy for a bigger house
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house. — 87p
What’s your business?
Often I ask people, “What is your business?” And they will say, “Oh, I’m a banker.” Then I ask them if they own the bank. And they usually respond, “No, I work there.” In that instance, they have confused their profession with their business. — 101p | Rich Dad Poor Dad: [Amazon]
Don’t own it but manage it
When someone sues a wealthy individual, they are often met with layers of legal protection and often find that the wealthy person actually owns nothing. — 123p
What drives you?
I’d rather be excited about making millions than worrying about not getting a raise. —128p
Are you afraid of losing?
Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success. — 153p
A mindset that is unable to change
Unfortunately, there is some truth to the old statement, “You can’t teach an old dog new tickets.” Unless a person is used to changing, it’s hard to change. — 168p | Rich Dad Poor Dad: [Amazon]
To be truly rich, we need to be able to give as well as to receive. — 174p
Failure inspires winners. And failure defeats losers. It is the biggest secret of winners. It’s the secret that losers do not know. The greatest secret of winners is that failure inspires winning; thus, they’re not afraid of losing. — 182p
There is a big difference between hating losing and being afraid to lose. Most people are so afraid of losing money that they lose. — 182p
If you have little money and you want to be rich, you must first be focused, not balanced. If you look at any successful person, at the start they were not balanced. Balanced people go nowhere. — 183p
What you belief converts into reality
A drug company runs a TV commercial in February showing people catching the flu. Colds go up as well as sales of cold medicine. — 186p
Most people are poor because, when it comes to investing, the world is filled with Chicken Littles running around yelling, “The sky is falling! The sky is falling!” And Chicken Littles are effective, because every one of us is a little chicken. — 186p
Great property manager
A great property manager is key to success in real estate. Finding a good manager is more important to me than the real estate. A great property manager often hears of great deals before real estate agents do, which makes them even more valuable. —189p | Rich Dad Poor Dad: [Amazon]
Today, I often meet people who are too busy to take care of their health. The cause is the same. They’re busy, and they stay busy as a way of avoiding something they do not want to face. Nobody has to tell them. Deep down they know. In fact, if you remind them they often respond with anger or irritation. — 192p
Fighting with dogmas
When I decided to exit the Rat Race, it was simply a question of “How can I afford to never work again?” And my mind began to kick out answers and solutions. The hardest part was fighting my real parents’ dogma: “We can’t afford that.” “Stop thinking only about yourself.” “Why don’t you think about others?” and other similar sentiments designed to instill guilt to suppress my “greed.” — 195p
Poor spending habits
Poor people simply have poor spending habits. — 205p
The most powerful asset
In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. — 206p | Rich Dad Poor Dad: [Amazon]
Arrogant or critical people
Arrogant or critical people are often people with low self-esteem who are afraid of taking risks. — 207p
Thinking with the mouth
Listening is more important than talking. If that were not true, God would not have given us two ears and only one mouth. Too many people think with their mouth instead of listening in order to absorb new ideas and possibilities. They argue instead of asking questions. — 208p
Your mindset is who you are
“You become what you study.” In other words, be careful what you learn, because your mind is so powerful that you become what you put in your head. — 211p
In today’s fast-changing world, it’s not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless. — 212p | Rich Dad Poor Dad: [Amazon]
Don’t work hard for money
Working hard for money is an old formula born in the day of cavemen. — 213p
The purpose of savings
Poor people have poor habits. A common bad habit is innocently called “dipping into savings.” The rich know that savings are only used to create more money, not to pay bills. —219p
Why would I want to save a few buck when I could use that time to make more money or spend it with those I love? — 221p
Give what you need
Whenever you feel short or in need of something, give what you want first and it will come back in buckets. — 230p
God does not need to receive, but humans need to give. — 231p
You only need to be generous with what you have. — 232p
Science of money making money
The idea that “it takes money to make money” is the thinking of financially unsophisticated people. It does not mean that they’re not intelligent. They have simply not learned the science of money making money. — 243p | Rich Dad Poor Dad: [Amazon]
There you have the resume of the book, at least, what I considered the best quotes. I keep reading this quotes instead of reading the whole book again because it refreshes my memory so I recommend you to do the same.
There are many other books written by Robert Kiyosaki, some I have already read so I will publish more summaries like this one. Subscribe to my newsletter by [clicking here] so you get notified.
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See you in the next post, Tschüss!