Uncommonly Common tale of being Inspired by the book, Rich Dad Poor Dad

Here are the 50 quotes from Rich Dad Poor Dad that I would like to share with you:

  1. “He spoke out against the entitlement mentality and how it created weak and financially needy people.”
  2. “You really wanted to win, but the fear of losing was greater than the excitement of winning.”
  3. “If you think I’m the problem, then you have to change me. If you realise that you’re the problem then you can change yourself, learn something, and grow wiser.”
  4. Passion = Anger + Love
  5. “Every person has a weak and needy part of their soul that can be bought, and he knew that every individual also had a part of their soul that was resilient and could never be bought. It was only a question of which one was stronger.”
  6. “The avoidance of money is just as psychotic as as being attached to it.”
  7. “Just be and observer , not a reactor, to your emotions.”
  8. “A job is really a short-term solution to a long-term problem.”
  9. “It’s the self-inflicted fear and ignorance that keep people trapped.”
  10. “To spend your life living in fear never exploring your dreams, is cruel.”
  11. “There are legal ways to create money from nothing.”
  12. Assets = $ in pocket; Liability = $ out of pocket.
  13. “In accounting it’s not the numbers, but what the numbers are telling you.”
  14. “The fear of public speaking is caused by the fear of ostracism, the fear of standing out, the fear of criticism, and the fear of ridicule, and the fear of being an outcast. The fear of being different prevents most people from seeking new ways to solve that problems.
  15. “An intelligent person hires people who are more intelligent than he is.”
  16. “The best investments are usually first sold to sophisticated investors, who then turn around and sell them to the people playing it safe.”
  17. “When I want a bigger house, I first by asset that will generate the cash flow to pay for the house.”
  18. “Keep liabilities and expenses down so more money is available to continue pouring into the asset column.”
  19. “If I want to increase my expenses, I first must increase my cash flow to maintain this level of wealth.”
  20. Rich — > Assets; Poor — > Expenses; Middle Class — > Liabilities.
  21. “Your business revolves around your asset column, not your income column.”
  22. “An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.”
  23. “The old money people, the long-term rich, build their asset column first.”
  24. “It is the knowledge of the legal corporate structure that really gives the rich a vast advantage over the poor and the middle class.”
  25. “The rich search for ways to minimise their tax burden. They hire smart attorneys and accountants, and persuade politicians to change laws or create legal loopholes.”
  26. “I wanted out of the employee trap so badly that I work even harder so I could invest more.”
  27. Accounting — Reading and understanding financial statements. Investing — Science of money making money. Understand markets — Science of supply and demand. Law — Understand tax and Play by the rules.
  28. “World is always providing us with instant feedback. We could learn a lot if we tuned in more.”
  29. “Limiting your options is the same as hanging onto old ideas.”
  30. “You take whatever happens and make it better.”
  31. “It is not gambling if you know what you’re doing.”
  32. “Great opportunities are not seen with your eyes. They are seen with your mind.”
  33. “It is what you know that is your greatest wealth. It is what you do not know that is your greatest risk.”
  34. “It is best to go broke before 30.”
  35. Management skills are needed for, 1. Cash flow, 2. Systems, and 3. People.
  36. “For winners, losing inspires them. For losers, losing defeats them.”
  37. Doubt is expensive.
  38. “Whenever you find yourself avoiding something you know you should be doing, then the only thing to ask yourself is ‘What’s in it for me?’.”
  39. “Without a strong reason of purpose, anything in life is hard.”
  40. “In the market, it is usually the crowd that shows up late that is slaughtered.”
  41. “Investors know their profits are made when they buy, not when they sell.”
  42. Learn the formula and have the discipline to put into action what you learned.
  43. “People who have low self-esteem and low tolerance for financial pressure can never be rich.”
  44. Pay yourself first.
  45. Know how to work with people below and above you.
  46. “The easy road often becomes hard and a hard road often becomes easy.”
  47. “Whenever I feel that people aren’t smiling at me, I simply begin smiling and saying hello.”
  48. “Buy the pie and cut it in pieces.”
  49. “Small people remain small because they think small, act alone, or don’t act at all.”
  50. “Action always beats inaction.”

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Amateur writer, starting off with writing my thoughts and sometimes feelings.

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Jahnavi Kansara

Jahnavi Kansara

Amateur writer, starting off with writing my thoughts and sometimes feelings.

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