Quotations by Robert T. Kiyosaki

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

We had looked at over 600 properties just to find five small houses that made investment sense. [2002] - Robert T. Kiyosaki

I do not openly endorse buying no-money-down real estate. I recommend having some experience buying, selling, and especially managing real estate before going after highly leveraged deals. [2002] - Robert T. Kiyosaki

We had millions of dollars in real estate, mainly in unit sizes of thirty to fifty apartments. [2002] - Robert T. Kiyosaki

Networks are people, businesses, or organizations that you are generous with because you support them and they support you. Networks are powerful forms of leverage. [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

A small cap stock has a better chance of doubling or tripling faster than many large cap stocks. [2002] - Robert T. Kiyosaki

If the price of a stock drops more than 10 percent I will more often than not cut my losses and look for something new. [2002] - Robert T. Kiyosaki

There are some very good mutual funds that use systemized approaches in selecting the companies to invest in by studying the underlying fundamentals. [2002] - Robert T. Kiyosaki

Real estate is great for the creative investor who is a good negotiator. [2002] - Robert T. Kiyosaki

Most rich people either made their money in real estate, or they held much of their wealth in real estate, after they had made it. [2002] - Robert T. Kiyosaki

There are sophisticated investor who never buy or sell stocks. They trade only in options. They can make much more money with less money investing in options, in less time. [2002] - Robert T. Kiyosaki

The hardest thing about business is working with people. [2002] - Robert T. Kiyosaki

An entrepreneur sees an opportunity, puts together a team, builds a business that profits from the opportunity. [2002] - Robert T. Kiyosaki

Residual income is income from a business, such as a network marketing business or a franchise business you own but someone else runs. [2002] - Robert T. Kiyosaki

Find a friend or loved one who wants to go on the journey with you. Be sure to have friends who demand more of you rather than tell you why you cannot do what you want to do. Choosing the right friends or life partner is very important to a successful life. [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

If you want to get rich quickly, one of the best ways to get rich is at the point where a trend changes. If you want to get rich quickly and stay rich forever, you must be aware of trends and have three different strategies for three different trends. [2002] - Robert T. Kiyosaki