Rich Dad: Inspriring Quotes

Recently, I read the book of Robert Kiyosaki entitled, "Rich Dad Poor Dad." Although this doesn't relate to medical transcription, I still want everyone to know what it means on how to get rich. I wasn't able to finish it, at least not yet. But I kept some notes of the lessons he (Rich dad) taught me.

The quotes I got from his book does not relate to a medical transcriptionist. But in some way, either directly or indirectly, any person such as you can apply this lessons in any circumstances of life.

1. There is a difference between being broke and being poor.
  • Broke is temporary.
  • Poor is permanent.
2. Your taughts influence your actions.

3. Study hard on making your own (or buying a) company.

4. You're only poor if you never try.

5. Opportunities are everywhere, you just have to realize it.

6. The poor and middle class work for money - the rich have money work for them.

7. When it comes to money, most people feel secure to play safe by putting away their money on banks.

8. Most people given more money only to get into more debt.

9. It's easier to work for money, especially if fear (fear of not having money) is your primary emotion.

10. Be the employer, not the employee.

11. A job is just a short-term solution to a long-term problem.

12. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

13. If you want to be rich, you need to be financially literate. Know when and where to invest your money.

14. You must now the difference between an asset and a liability.

15. The rich acquire income-generating assets.

16. Be successful more on finances than on profession.

17. Schools were designed to produce more on employees than employers.

18. To pay for liabilities, first buy assets that will generate the cashflow to pay for it.

19. Focus on keeping liabilites and expenses down. Concentrate more on buying income-generating assets.

It helps when someone is willing to teach us financial freedom. Thank you Robert Kiyosaki.

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