Personal Finance Quotes
The most expensive advice you can receive is free advice. It is advice from your friends and relatives who are not rich and have no plans on becoming rich. [2002] - Robert T. Kiyosaki
The rich invest in shares of a company when the company is still a private company. They will be investing in hot new biotech companies, genetic engineering companies, and new companies with the words system or network after their names. They will be investing in private placement memorandums, or limited partnerships, and other such investment vehicles, rather than mutual funds. [2002] - Robert T. Kiyosaki
The rich get richer because they are known as friends and family of people who have access to investments that are priced at wholesale level. To become a selling shareholder, you often need to be the founder or a friend or family member of the founder. [2002] - Robert T. Kiyosaki
I subscribe to these financial and business newsletters: a. Louis Rukeyser's Wall Street. b. Strategic Investment by James Dale Davidson and Lord Reesmogg. c. Audio-Tech Business Book Summaries. [2002] - Robert T. Kiyosaki
Take your time to find good financial advisors. They are out there and the fee you may pay them could be the best investment you make. [2002] - Robert T. Kiyosaki
There is a lot of truth to the statement that the first million is the hardest. [2000] - Robert T. Kiyosaki
Keep your earned income secure by purchasing a security you hope converts your earned income into passive income or portfolio income. [2000] - Robert T. Kiyosaki
Time is the most important asset. If you are not willing to invest your time, then leave your investment capital with people who are following the investment plan of your choice. [2000] - Robert T. Kiyosaki
Today, $1 million is just the starting point to beginning to invest like the rich. Forbes magazine defines rich as $1 million in income and $10 million in net worth. [2000] - Robert T. Kiyosaki
If you could not maintain a 20% return from capital invested, you were not really an investor. [2000] - Robert T. Kiyosaki
All you have to do is be creative and you can be rich for life. It is a way of thinking that creates assets and once you have that way of thinking you will be richer than you ever dreamed possible. [2000] - Robert T. Kiyosaki
Investment vehicles in which the rich invest that the poor and middle class do not include initial public offerings of stock (IPOs), private placements, and other corporate securities. [2000] - Robert T. Kiyosaki
The rich can buy at very low prices as well as in volume. That is one of the reasons why the rich get richer. [2000] - Robert T. Kiyosaki
It is recommended that you have six months' to a year's worth of living expenses held in cash. [1999] - Robert T. Kiyosaki
Subscribe to investment newsletters and study them. [1999] - Robert T. Kiyosaki
Real assets fall into several different categories: 1. Businesses that do not require my presence. I own them, but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job. 2. Stocks. 3. Bonds. 4. Mutual funds. 5. Income-generating real estate. 6. Notes (IOUs). 7. Royalties from intellectual property such as music, scripts, patents. 8. Anything else that has value, produces income or appreciates and has a ready market. [1998] - Robert T. Kiyosaki
Financial IQ is made up of knowledge from four broad areas of expertise: 1. Accounting (Financial literacy). 2. Investing (The science of money making money. This involves strategies and formulas). 3. Understanding markets (The science of supply and demand). 4. Law (For instance, utilizing a corporation wrapped around the technical skills of accounting, investing and markets can aid explosive growth). [1998] - Robert T. Kiyosaki
A passive income of more than $100,000 a year is nice and not hard to achieve. Depending on the market and how smart you are, it could be done in five to ten years. [1998] - Robert T. Kiyosaki
If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets. [1998] - Robert T. Kiyosaki
Most junior colleges and community colleges have classes on financial planning and buying of traditional investments. They are great places to start. [1998] - Robert T. Kiyosaki