Robert Kiyosaki

Author

1947-04-08

Quotes by Robert Kiyosaki

• The average age of the world's greatest civilizations from the beginning of history has been about 200 years.

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• Jim Cramer is a very smart man. I watch his show. I just do not follow his advice.

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• When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn't have a pension plan, they could count on Social Security and Medicare.

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• 'Socialize' means we turn more of our personal powers over to Big Brother, not free enterprise.

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• When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.

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• Life is better when people are working, happy, and spending money.

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• I explain the law of compensation like this: 'Returns are minimal in spite of massive effort at the start, yet returns can be massive with minimal effort over time.

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• I believe that one key to success is to accept truth, no matter how it's spoken.

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• A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.

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• I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.

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• If you want to thrive in today's economy, you must challenge the status quo and get the financial education necessary to succeed.

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• Most shareholders have little if any control over the companies in which they own stock, even if they own a million shares.

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• I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.

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• Prophets of doom have always taken risks in terms of ridicule and humiliation. If you stand on a street corner holding up a sign that reads 'The End Is Near,' passersby will laugh and heckle. People will say you're like Chicken Little, running around telling people the sky is falling.

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• The best way to predict the future is to study the past, or prognosticate.

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• For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.

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• If medical doctors can be sued for malpractice, shouldn't financial professionals practice under the same safeguard?

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• When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.

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• I resigned from the Marine Corps and flying in 1974, even though I loved them both. I quit because I no longer wanted to fight for peace. Instead, I believe we can build a more sustainable peace by working for prosperity.

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• You have to look for teachers. If you want to be a mechanic, go hang out with mechanics.

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