Rich Dad and Poor Dad
Robert Kiyosaki
is an American investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined sales of over 26 million copies.
Poor Dad vs. Rich Dad
| My Poor Dad Said | My Rich Dad Said | |||
| "My house is an asset." | "My house is a liability." | |||
| Rich dad says, "If you stop working today, an asset puts money in your pocket and a liability takes money from your pocket. Too often people call liabilities assets. It's important to know the difference between the two. | ||||
| "I can't afford it." | "How can I afford it?" | |||
| The statement "I can't afford it" shuts down your thinking. By asking the right question, you mind opens up and looks for answers. | ||||
| "The reason I'm not rich is because I have you kids." | "The reason I must be rich is because I have you kids." | |||
| "I'm not interested in money." | "Money is power." | |||
| "When it comes to money, play it safe - don't take risks." | "Learn how to manage risk." | |||
| "Pay myself last." | "Pay myself first." | |||
| Rich Dad always took a percentage off the top of any income he earned. He put that money into an investment account that went toward purchasing his assets. Poor Dad spent all his money first and never had any remaining for investments. | ||||
| Believed that the company you worked for or the government should take care of your financial needs. | Believed in financial self-reliance and financial responsibility. | |||
| Focused only on academic literacy. | Focused on financial literacy as well as academic literacy. | |||
| Learned only the vocabulary of academia. | Learned the vocabulary of finance – "Your words are the most valuable tools you have." | |||
| "I work for my money." | "My money works for me." | |||
| Thought that making more money would solve his financial problem. | Knew that financial education was the answer to his financial problems: "It's not how much money you make that's important – it's how much money you keep and how long you keep it." | |||
More video from Robert Kiyosaki
TIME Magazine Interviews: Robert Kiyosaki
Robert Kiyosaki Network Marketing Richdad financial freedom now (Poor Dad & Rich Dad)
New Rules of Money, Part 1/7: Conventional Education Vs. Financial Literacy
New Rules of Money, Part 2/7: The CASHFLOW Quadrant
New Rules of Money, Part 3/7: Why Savers Are Losers in This Economy
New Rules of Money, Part 4/7: Assets Vs. Liabilities
New Rules of Money, Part 5/7: Good Debt Vs. Bad Debt
New Rules of Money, Part 6/7: The Difference Between Buy, Sell & Fool
New Rules of Money, Part 7/7: Focus!
Silver is the best hedge against inflation! - Robert Kiyosaki
Trump Kiyosaki - Why we want you to be rich
