Quotations by Robert T. Kiyosaki
A currency's purpose is to acquire assets, assets that are either appreciating in value or producing cash flow. [2008] - Robert T. Kiyosaki
I invest heavily in oil, gold, and silver companies. [2008] - Robert T. Kiyosaki
It's dangerous to let people know you are rich. [2008] - Robert T. Kiyosaki
Get a prenuptial agreement before you get married. [2008] - Robert T. Kiyosaki
When forming a new business with a new business partner, I know it may be difficult to think about a buy-sell agreement or a business dissolution agreement when you are just starting out, but it is financially intelligent to think of your exit before you enter into the agreement. [2008] - Robert T. Kiyosaki
Those with a high financial IQ have wills, trusts, and other legal means of protecting their wealth and final wishes from death predators. [2008] - Robert T. Kiyosaki
The problem with cutting expenses, increasing debt, and selling assets is that it usually makes the situation worse. Increasing income, rather than reducing expenses, was a better way to solve the problem of a budget deficit. [2008] - Robert T. Kiyosaki
We saved money until we had over a year's expenses in cash. Instead of holding cash in a retail bank, we hold it in gold and silver ETFs (exchange-traded funds). [2008] - Robert T. Kiyosaki
The higher percentage you direct to your asset column, the higher your financial IQ. Today, we direct approximately 80 percent of our income directly into the asset column and do our best to survive on 20 percent. [2008] - Robert T. Kiyosaki
There are two financial concepts: control and leverage. The major flaw in paper assets such as savings, stocks, bonds, mutual funds, and index funds is the lack of control. The definition of leverage is doing more with less. If a person has control, leverage can be applied with very little risk. One of the reasons why I stay clear of most stocks and mutual funds is because I have no control over expenses. Assets such as a business or real estate require more financial intelligence, allow for more financial control, and permit a higher degree of leverage with very low risk. [2008] - Robert T. Kiyosaki
Professional investors do two things. One is to focus only on great investments. The second is to hedge. [2008] - Robert T. Kiyosaki
In real estate, many investors love triple net leases (NNN). With NNNs investors receive income without the expenses of taxes, repairs, and insurances. The tenant covers those costs. The trouble is finding a good property with a good tenant willing to pay a high return. Today, most properties are only paying about a 5 percent to 6 percent return. Not that exciting. [2008] - Robert T. Kiyosaki
Having control over these three components--good partners, good financing, and good management--I am more willing to use debt as leverage. [2008] - Robert T. Kiyosaki
In the Information Age, information alone can make you very rich. You don't need tangible resources like land, gold, or oil. Likewise, poor or mistaken information is a liability. Poor information creates poor people. Today, information and a very inexpensive computer can transport you from poor to super-rich while you're sitting at home. All it takes is the right information. [2008] - Robert T. Kiyosaki
Generally a person who invests for capital gains is investing on an opinion. A cash flow investor invests for facts. [2008] - Robert T. Kiyosaki
Gold is priced in international markets. Real estate is priced in a local market. [2008] - Robert T. Kiyosaki
Instead of diversifying, I prefer to focus on a few small assets, notice a trend, and invest with the trend. Since I know a trend can reverse and change direction, I do not blindly invest for the long term. [2008] - Robert T. Kiyosaki
I believe silver is a once-in-a-lifetime opportunity. Today it's a cheap, low-risk investment anyone in the Western world can afford. That is why I watch the trends and purchase silver anytime the silver market drops in price. [2008] - Robert T. Kiyosaki
The less liquid an investment, the more tread information you need. [2008] - Robert T. Kiyosaki
Whenever you see construction cranes, you know the boom is about to bust. It means that the cycle has peaked, and, generally, there is nowhere to go but down. The next time you see more than two construction cranes on the skyline, start selling any piece of real estate you do not want. [2008] - Robert T. Kiyosaki