“The poor and middle class work for money. The rich make their money work for them”
“An asset is something that puts money in your pocket. A liability is something that takes money out of your pocket.”
“Saving money is good advice for the poor and average person. This is bad advice for building wealth.”
“You put your money in the wrong hands, and it will work for other people before it starts working for you.”
“If you don't know what to do with your money, put it in the bank and don't tell anyone you have money to invest”
“We go to school to learn how to work hard for money. I write books and create products that teach people how to make money work hard for them.”
“People say: I'm saving for retirement. Rarely does anyone say: I invest to ensure my retirement.”
“Rich Dad often said: Give a fool money and he'll throw a party.”
“I know the world outside the coop seems scary. It’s difficult with work, difficult with money and very bad with opportunities. But I assure you, life outside the coop is vibrant, full of optimism and energy, and there are plenty of opportunities out there. It's all about where you look - from the chicken coop or outside”
“Many middle-class people believe that saving money, a retirement plan, and owning a home are smart financial decisions. Despite their importance for financial well-being, they will not provide wealth. You need to buy or create assets that generate passive income”
“If you want to take control of your life, you must regularly prepare personal financial statements. If you don't want to do this, it's better to give the money to others in a pension fund”
“Modern alchemists transform money, resources, ideas into wealth with the help of assets. They know how to create assets literally out of thin air. An example is a patent or trademark. They turn even trash into assets”
“It wasn't money that made me rich, it was investing time and investing money when I had very little money.”
“In quadrant B (business), it is much more profitable to borrow money than to save it”
Translated from Russian · source: wisdomlib.ru