The book Rich Dad, Poor Dad is one of the best selling personal finance books of all time. It is so popular because it explains the principles of how the wealthy think versus how the middle class think. It’s an easy and enjoyable read as the author tells the story of growing up with his own middle class father and learning from his best friend’s wealthy father.
Here are twelve of the best quotes from the book Rich Dad, Poor Dad:
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.” –
“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.” –
“The lack of money is the root of all evil.” –
“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.” –
“Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.” –
“In the real world outside of academics, something more than just grades is required. I have heard it called “guts,” “chutzpah,” “balls,” “audacity,” “bravado,” “cunning,” “daring,” “tenacity” and “brilliance.” This factor, whatever it is labeled, ultimately decides one’s future much more than school grades.” –
“The poor and the middle class work for money. The rich have money work for them.” –
“I can’t afford it’ shut down your brain. it didn’t have to think anymore. besides, it also brings up sadness. a helplessness that leads to despondency and often depression. ‘How can I afford it?’ opened up the brain. forced it to think and search for answers. it also opens up possibilities, excitement and dreams and created a stronger mind and dynamic spirit.” –
“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “ said rich dad.” –
“Wealth is a person’s ability to survive so many number of days forward — or, if I stopped working today, how long could I survive?” –
“They get up every day and go work for money, not taking the time to ask the question, ‘Is there another way?” –
“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.” –
Rich Dad, Poor Dad Book