Quotations by Robert T. Kiyosaki

Real assets fall into several different categories: 1. Businesses that do not require my presence. I own them, but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job. 2. Stocks. 3. Bonds. 4. Mutual funds. 5. Income-generating real estate. 6. Notes (IOUs). 7. Royalties from intellectual property such as music, scripts, patents. 8. Anything else that has value, produces income or appreciates and has a ready market. [1998] - Robert T. Kiyosaki

With small companies, my investment strategy is to be out of the stock in a year. [1998] - Robert T. Kiyosaki

My real estate strategy is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years. [1998] - Robert T. Kiyosaki

Nine out of ten companies fail in five years. Of those that survive the first five years, nine out of every ten of those eventually fail, as well. [1998] - Robert T. Kiyosaki

Financial IQ is made up of knowledge from four broad areas of expertise: 1. Accounting (Financial literacy). 2. Investing (The science of money making money. This involves strategies and formulas). 3. Understanding markets (The science of supply and demand). 4. Law (For instance, utilizing a corporation wrapped around the technical skills of accounting, investing and markets can aid explosive growth). [1998] - Robert T. Kiyosaki

We buy high-risk, speculative private companies that are just about to go public on a stock exchange in the United States or Canada. [1998] - Robert T. Kiyosaki

A passive income of more than $100,000 a year is nice and not hard to achieve. Depending on the market and how smart you are, it could be done in five to ten years. [1998] - Robert T. Kiyosaki

Workers work hard enough to not be fired, and owners pay just enough so that workers won't quit. [1998] - Robert T. Kiyosaki

The most important specialized skills are sales and understanding marketing. The skills of selling and marketing are difficult for most people primarily due to their fear of rejection. [1998] - Robert T. Kiyosaki

The greatest secret of winners is that failure inspires winning; thus, they're not afraid of losing. [1998] - Robert T. Kiyosaki

If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. Do not do what poor and middle class people do: put their few eggs in many baskets. [1998] - Robert T. Kiyosaki

A great property manager is key to success in real estate. A great property manager often hears of great deals before real estate agents do, which makes them even more valuable. [1998] - Robert T. Kiyosaki

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or find a book on the subject. [1998] - Robert T. Kiyosaki

I go to seminars. I like it when they are at least two days long because I like to immerse myself in a subject. [1998] - Robert T. Kiyosaki

To be true to yourself and be willing to not go along with the crowd. For in the market, it is usually the crowd that show up late and is slaughtered. Wise investors buy an investment when it's not popular. It's all "insider trading." The reason you want to have rich friends who are close to the inside is because that is where the money is made. It's made on information. [1998] - Robert T. Kiyosaki

Most junior colleges and community colleges have classes on financial planning and buying of traditional investments. They are great places to start. [1998] - Robert T. Kiyosaki

In today's fast-changing world, it's not so much what you know anymore. It is how fast you learn. It's priceless in finding faster formulas--recipes, if you will, for making dough. [1998] - Robert T. Kiyosaki

I have expensive attorneys, accountants, real estate brokers and stockbrokers. If the people are professionals, their services should make you money. And the more money they make, the more money I make. When I interview any paid professional, I first find out how much property or stocks they personally own and what percentage they pay in taxes. [1998] - Robert T. Kiyosaki

I search the newspapers for new and interesting classes. Many are for free or a small fee. I also attend and pay for expensive seminars on what I want to learn. [1998] - Robert T. Kiyosaki

Make lots of offers: When I want a piece of real estate, I look at many properties and generally write an offer. Offer half of what the owners asked for. Most sellers ask too much. In real estate, I make an offer with the words "subject to approval of business partner." Most people do not know my partner is my cat. If they accept the offer, and I don't want the deal, I call home and speak to my cat. [1998] - Robert T. Kiyosaki