Quotees Archive

When people write checks, they are depleting an asset. And when people are using credit cards, they are increasing their liabilities. In other words, credit cards make it so much easier to get deeper and deeper into debt by increasing your monthly liabilties.

- Robert Kiyosaki

Whenever you are speaking, both your passion for your business and your appearance will have a lasting impact on your audience.

- Robert Kiyosaki

Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.

- Robert Kiyosaki

Worrying is a waste of time. Worrying gets in the way of solving problems.

- Robert Kiyosaki

You will need to find ways to do less and less to make more and more.

- Robert Kiyosaki

Levi Strauss headed for the gold fields of California to strike it rich in mining. However, he was not a good miner, so he instead began sewing pants out of canvas for the miners who were successful. Today I think most of the world has heard of Levi’s pants.

- Robert Kiyosaki

Time is your most precious asset.

- Robert Kiyosaki

Many businesses forget that a crucial part of cash flow is managing your own bill paying. Make sure you pay your bills promptly. Ask for extended terms up front. After you have paid timely for two or three months, ask for additional extensions on your payable terms. A supplier will usually extend credit for 30 to 90 days to a good customer.

- Robert Kiyosaki

We can never own property (because of property taxes) we can just control it (by renting it from the government by paying taxes).

- Robert Kiyosaki

Many people who come to me with a business plan or to ask for money look like a mice that has been chewed by a cat. No matter how good their plan, their physical appearance is a limiting factor. In public speaking, it is said that body language accounts for approximately 55% of communication. Voice tone 35%, and words 10%. If you remember President Kennedy, JFK, he had 100% working for him and it physically attractive as he was, we can all do our best to dress and groom appropriately to make our points stronger.

- Robert Kiyosaki

When I look at the 10% of Americans who control 90% of all the shares in America and 73% of the wealth, I understand exactly where their wealth was derived. Many acquired that wealth in much the same way as Henry Ford and Thomas Edison (who was worth far more than Bill Gates at his day and age). The list includes Bill Gates, Michael Dell, Warren Buffet, Rupert Murdock, Anita Roddick, Richard Branson, and others who all acquired their wealth the same way. They found their spirit and their mission; built a business; and allowed others to share in the dreams, the risks as well as the rewards. You can do the same thing if you want. Just follow the same diagram rich dad guided me with: the B-I Triangle.

- Robert Kiyosaki

Nine out of ten businesses fail, so I came up with a foolproof plan — create ten businesses.

- Robert Kiyosaki

NO PURCHASE SHOULD EVER BE MADE IN A BUSINESS UNLESS IT IS JUSTIFIED BY AN INCREASE IN SALES.

- Robert Kiyosaki

One of the most powerful forms of communication that affects a business is one over which you have little control (after the conversation has already begun): The communication from your existing customers to your potential customers. At CASHFLOW Technologies, Inc. we attribute a large part of our success to our customers telling other people about us. The power of this word-of-mouth advertising is immeasurable.

- Robert Kiyosaki

Poor people ride the bus, because they value money more than time.

- Robert Kiyosaki

Profit and cash flow are not the same thing.

- Robert Kiyosaki

Rich dad said to Mike and me, I am so rich because I’ve made more financial mistakes than most people. Each time I made a mistake, I learned something new. In the business world, that something new is often called experience.

- Robert Kiyosaki

Sales is what you do in person, one on one. Marketing is sales done via a system. Most (Self-Employed) S quadrant businesspeople are very good at one-on-one sales. For them to make the transition to the B quadrant, they need to learn how to sell through a system which is called marketing.

- Robert Kiyosaki

Since most people have not been taught how to make mistakes and learn from them, they either avoid making mistakes altogether, which is a bigger mistake, or they make a mistake but fail to find the lesson from the mistakes.

- Robert Kiyosaki

Some of the biggest failures I’ve ever met, are people that have never failed.

- Robert Kiyosaki

The better at communicating you are, and the more people you communicate to, the better your cash flow will be.

- Robert Kiyosaki

The dollar has lost 90% of its value in the last century.

- Robert Kiyosaki

The more people I serve, the richer I become.

- Robert Kiyosaki

It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.

- Robert Kiyosaki

The richest people in the world look for and build networks, everyone else looks for work.

- Robert Kiyosaki

Contrary to popular belief, the price of real estate does go down on occasion.

- Robert Kiyosaki

Delay taking a salary until your business is generating cash flow from sales…by delaying taking a salary, you can reinvest sales to help grow your business.

- Robert Kiyosaki

Establish good internal controls over the handling of cash. The people who record the cash receipts on the bank deposits must be different from those who post it to the accounts receivable and general ledger.

- Robert Kiyosaki

Establish late-payment penalties as part of your terms and conditions and enforce them.

- Robert Kiyosaki

For any business to grow, individuals must be accountable for each of the systems, and a general overall director must be in charge of making sure all the systems operate at the highest capacity.

- Robert Kiyosaki

For me, learning to my control my temper has been a lifelong process. So has the process of being will to take risks, make mistakes and be grateful for the other person, even if I may no longer speak to or do business with that person. When I reflect back on my life, I would say that it is this mental attitude that has made me the most money, has brought me the most success, and has ultimately allowed me to have the most magic in my life.

- Robert Kiyosaki

Get through your fears and the world will open up. Give in to your fears and your world will get smaller every year.

- Robert Kiyosaki

HE RICH DON’T WORK FOR MONEY The poor and the middle class work for money. The rich have money work for them.

- Robert Kiyosaki

I am not a best-writing author. I am a best-selling author.

- Robert Kiyosaki

I can’t afford this land either, but my business can.

- Robert Kiyosaki

I have mentioned before that financial intelligence is a synergy of accounting, investing, marketing and law. Combine those four technical skills and making money with money is easier.

- Robert Kiyosaki

Assetts put money in your pocket. Liabilities take money out of your pocket.

- Robert Kiyosaki

In order to become rich, you need to learn to build systems that can work without you. .

- Robert Kiyosaki

At the start of any business, keeping the cash flowing in is the entrepreneur’s most IMPORTANT JOB.

- Robert Kiyosaki

In reality it is the focus on the first three D’s that ultimately gains you the data, and the dollars you need to become very, very rich…in other words the dollars are derived from having a dream, being dedicated, and having the drive to win.

- Robert Kiyosaki

Bill Gates was in his 20s when he started with $50,000 and became the richest man in the world with $90 billion. It’s a good idea that he did not ask too many people for their ideas on what they thought was possible for his life.

- Robert Kiyosaki

In the world of education, the more mistakes a person makes, the less intelligent that person is thought to be. In the world of entrepreneurship, mistakes are opportunities to learn something new, something not known previously. In the world of entrepreneurship, the more mistakes a person makes, the more a person learns. There is a bit of magic in every mistakes, so when you make mistakes, take the time to learn from them, and you’ll have more magic in your life.

- Robert Kiyosaki

Checks should be endorsed immediately: FOR DEPOSIT ONLY.

- Robert Kiyosaki

Instead of choosing to focus in the liability column, I chose to focus in the asset column.

- Robert Kiyosaki

Christopher Colombus’ big mistake was that he was looking for a trade route to China, and accidentally bumped into America, the richest, most powerful country in the world.

- Robert Kiyosaki

10% of Americans hold 73% of the country’s wealth.

- Robert Kiyosaki

9 out of ten new businesses fail in the first five years.

- Robert Kiyosaki

A business is a complex system of inter-operating systems.

- Robert Kiyosaki

A CEO’s job is to supervise all systems and to indentify weaknesses before the weaknesses turn into system failures. This can happen in many different ways, but it is exceptionally disconcerting when you company is growing rapidly. Your sales are increasing, your product of service is getting attention from the media, and suddenly you can’t deliver. Why? Uusually, it’s because your systems imploded from the increased demand. You didn’t have enough phone lines, or operators answering the phones. You didn’t have enough production capacity or enough hours in the week to meet the demand; or you didn’t have the money to build the product or hire additional help. Whatever the reason, you missed the opportunity to move your business to the next level of success due to failure of one of your systems…At each new level of growth, the CEO must start planning the systems needed to support the next level of growth, from phone lines to lines of credit for production needs. Systems drive both cash flow management and communication. As your systems get better, you or your employees will have to exert less and less effort. Without well-designed and successful operating systems, your business will be labor intensive. Once you have well-designed and successful operating systems, you will have a saleable business asset.

- Robert Kiyosaki

Always remember that nothing kills great ideas more than people with small ideas and limited imaginations.

- Robert Kiyosaki

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