Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not!

He said it was better to work years at creating an asset rather than to spend your life working hard for money to create someone else’s asset.

As Winston Churchill said, "Success is the ability to go from one failure to another with no loss of enthusiasm.

It’s not what we say out loud that determines our lives. It’s what we whisper to ourselves that has the most power.

Winston Churchill said, "Success is the ability to go from one failure to another with no loss of enthusiasm.

As Henry Ford said, "Thinking is the hardest work there is. That is why so few people engage in it.

Whatever your reality is about money inside of you is the reality of money outside of you. You cannot change your outside reality until you first change your inside reality about money.

The person becomes attached to the vehicle and then fails to see all the other investment vehicles and procedures available.

Your brain can be your most powerful asset. But if not used properly, it can be your most powerful liability.

I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value—and that is why they are poor.

Me di cuenta de que la riqueza era una manera de pensar y no una cantidad de dólares en el banco.

Life is a cruel teacher. It punishes you first, and then gives you the lesson.

The business behind the business is the real game. It’s the business behind the business that makes money regardless of who wins the game or which way the market goes—up or down. It’s the business that sells the tickets to the game. It does not buy the tickets.

An upset is our maker’s way of telling us that we need to learn something. It is a tap on our shoulder saying, ‘Pay attention. You have something important to learn. If you lie, blame, justify, or deny the upset, you waste the upset and will waste a precious gem of wisdom..

In the early 1990s, Donald Trump was nearly $1 billion in debt personally and $9 billion in debt corporately. An interviewer asked him if he was worried. He replied, "Worrying is a waste of time. Worrying gets in my way of working to solve these problems.

Razlika između uspješne osobe i prosječne osobe je težina kritike koju može podnijeti. Prosječna osoba ne može podnijeti mnogo kritike i zato ostaje prosječna cijeli život. Zato se ne pretvara u vođu. Prosječni ljudi žive u strahu od onoga što bi drugi mogli reći ili misliti o njima. Zato provode živote povlađujući drugima i pokušavajući se složiti s njima... žive u strahu od kritike. Žive u strahu od onoga što bi netko drugi mogao pomisliti, ili zbog onoga zbog čega bi ih netko mogao kritizirati. Ljudi su uvijek kritični prema drugima.

Ako dopustite da vam jedna loša ocjena uništi život, onda ionako nemate budućnosti. Ako dopustite da jedna loša ocjena znači vašu propast, onda bi vas stvarni život ionako uništio. Stvarni život je mnogo teži od engleskog u srednjoj školi. A ako krivite svojeg učitelja engleskog i ako mislite da je on bio strog, onda vas čeka ružno iznenađenje kad uđete u stvarni svijet. Svijet izvan škole pun je ljudi koji su mnogo stroži, mnogo tvrđi i mnogo zahtjevniji od vašeg učitelja engleskog. Ponavljam: ako dopustite jednoj lošoj ocjeni i jednom učitelju engleskog da vam uništi život, onda ionako nemate budućnosti.

While you were in school, you got a report card once a quarter. A financial statement is your report card once you leave school. The problem is that since most people have not been trained to read financial statements or trained in how to keep a personal financial statement, they have no idea how they are doing once they leave school. Many people have failing marks on their personal financial statements but think they are doing well because they have a high-paying job and a nice home. Unfortunately, if I were handing out the grades, anyone who was not financially independent by age 45 would receive a failing grade. It is not that I want to be cruel. I just want people to wake up and maybe do a few things differently, before they run out of their most important asset—time.

The number-one control you must have to be an investor is control over yourself. If you cannot control yourself, the highs and lows of the market will run you, and you will lose during one of those ups or downs.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.