Robert Kiyosaki is one of my personal favorite business mentors. While many people disagree with his teachings, I find it fascinating and very helpful. I’ve been reading his books and taking his courses for about 10 years now. Through the years, I’ve found some really powerful Robert Kiyosaki quotes that really stuck with me. In this post, I would like to share my Top 15 Robert Kiyosaki quotes of all time. Enjoy.
1. “The poor and middle class work for money. The rich have money work for them.”
My Take: The wealthiest people in America are entrepreneurs and investors, not employees. If you really want to get ahead financially, you have to stop trading hours for dollars. Instead of working for money, let money work for you. The only way to do that is as an investor or an entrepreneur. The bottom line is that you need leverage. This leverage can come from money or people.
2. “An intelligent person hires people who are more intelligent than they are.”
My Take: All successful people have a group of intelligent advisors. This includes a good CPA, financial advisor and attorney (at a minimum). Smart business people look for talented folks to hire who are normally smarter than they are. This lets them leverage these experts’ knowledge to get even better results. Let’s face it, no one knows everything about everything. Surround yourself with talented people and watch your own value and success skyrocket.
3. “The single most powerful asset we all have is our mind.”
My Take: Our mind is our greatest asset. Whatever we can think and believe, we can achieve. Most people spend adequate money feeding their body, but very little money feeding their mind. You need to read books, find mentors, participate in mastermind teams and attend seminars. Learn everything you can about your business and industry and also focus on continuous improvement. Try to get a little bit every single day. Feeding your body will make you about $10 to $20 per hour, whereas feeding your brain can make you rich!
4. “Work to learn. Don’t work for money.”
My Take: If you are going to take a job, do it so you can learn a new skill that will help you grow a business. Pick a job because of the education you will get from it, not for the money you will make doing it. The market place is constantly changing and we must always learn and develop new skills that will make us more valuable to the marketplace. That’s why you should look for jobs that will teach you new things. If you’re thinking about start a business of your own, get some experience in sales, marketing, advertising, operations, and bookkeeping, first. This will really help you out later on down the road.
5. “Never be the person who buys the stock. What you want to be when you grow up is the person who creates the stock that brokers sell and others buy.”
My Take: The people who make the most money with stocks are the people who create companies, not the people who buy stock in it. Spend your time building businesses so that you can one day sell the business or take it public, via IPO. That is where the real money is at.
6. “An asset puts money into my pocket. Your home is not an asset.”
My Take: Most people are confused by what an asset really is. An asset is something that puts money IN your pocket, not takes it away. Don’t confuse the difference between capital gains and cash flow. Anything can go up or down in value, but a good asset is something that pays you some type of ongoing income on a consistent basis AND goes up in value over a period of a few years.
7. “Passion builds businesses. Not fear.”
My Take: Don’t let your fears control you. If you let your fears control you, you will never take action and build a business. The only way to destroy fear is to take action. We all have fears. My best advice is to let your actions control your fears rather than letting your fears control your actions.
8. “And you will understand why seeking security to avoid risk is the riskiest thing you can do.”
My Take: In life, you can have security or opportunity, but you will seldom have both. Most people choose security over opportunity. As a result, they end up with very little at their end of their lives.
9. “The worst advice you can give to your children is to go to school, get good grades and find a safe, secure job.”
My Take: You will find very few “financially” successful people who follow this strategy. If you really want to make it in life, you have to be your own boss. The days of job security are long gone, even if you work for the government. Look at what the masses are doing and do the opposite. After all, insanity is doing the same thing over and over and expecting something different to happen.
10. “You may lose two or three companies before you build a successful one that lasts.”
My Take: Very few entrepreneurs achieve success with their first business venture. You have to learn the right skill-set and mind-set before you will succeed. This takes time to do; normally several years. As long as you learn from each experience, and evolve, you will eventually succeed as an entrepreneur. Success never comes easy.
11. ” The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.”
My Take: Success starts with desire. This is what will fuel you to take action. You need a big, burning desire and a big dream to keep you excited and passionate as you pay your dues, temporarily fail, and learn from your mistakes. Success is about getting up one more time than you are knocked down.
My Take: No one is a success all by themselves. Ultimately, we become successful through the help of others, even if we aren’t willing to admit it. Your goal is to find the best, most talented people you can and work with them. Surround yourself with people who are inspiring, successful, talented and uplift you. Avoid the haters and dream stealers at all cost.
13. “Education is what you learn after you leave school.”
My Take: Your real education begins after you graduate high school or college. A degree will not prepare you for the real world. Most people stop learning after they graduate and then wonder why their career plateaus. You must be a life-long student and have a personal and professional development plan.
14. “The thing most people don’t pick up when they become an entrepreneur is that it never ends. It’s 24/7.”
My Take: When you own a business, it’s much different than a job. With a job, you can work your 40 hours each week, come home, and forget about everything. As an entrepreneur your job never ends. Yes, you can still take time and relax, but you can never really get away from your business (if you want to be successful).
15. “Few people realize that luck is created.”
My Take: The harder I work the luckier I get. Most middle class Americans look at the rich and consider them lucky. The truth is most of these people created their own luck by taking risks, having a plan, working smart, and persevering.
In summary, these are my top 15 Robert Kiyosaki quotes of all time. I’ve learned so much from Robert through the years. He has so much wisdom about starting and growing a successful business, and investing. If you haven’t checked out his books yet, you should.
What are your thoughts? What are you favorite Robert Kiyosaki quotes of all time? Leave a comment and let us know. I look forward to hearing from you.