53 Money and Life Quotes from Rich Dad Poor Dad

Rich Dad Poor Dad, a personal finance classic which has sold over 30 million copies, told the story of how two dads, one poor, the other rich, understand and deal with money.

This book gives you an insight into how the rich understand money and how the poor understand money and why the rich are getting richer and the poor are getting poorer.

Below are 53 money and life quotes from the book.

Money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains how smart bankers, doctors and accountants who earned excellent grades in schools may still struggle financially all of their lives.
Our staggering national debt is due in large part to highly educated politicians and government officials making financial decisions with little or no training on the subject of money.
There is a difference between being poor and being broke. Broke is temporary, and poor is eternal.
I don’t work for money. Money works for me.
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.
You are only poor if you give up.
Opportunities come and go. Being able to know when to make quick decision is an important skill.
If you learn life’s lessons, you will do well. If not, life will continue to push you around.
Life is the best teacher of all. Most of the time, life does not talk to you. It just sort of pushes you around. Each push is life saying, “wake up, there’s something I want you to learn.”
If you learn life’s lessons, you will grow into a wise, wealthy and happy person. If you don’t, you will spend your life blaming a job, low pay or your boss for your problems. You will live life hoping for that big break that will solve all your money problems.

If you realize that your are the problem, then you can change yourself, learn something and grow wiser. Most people want everyone else to change but themselves.
It’s easier to change yourself than everyone else.
The poor and the middle class work for money. The rich have money work for them.
When it comes to money, most people want to play it safe and feel secure. So passion does not direct them. Fear does.
Learning how to have money work for you is a lifetime study. Most people go to college for four years and their education ends.
Most people never study the subject (of money). They go to work, get their paycheck, balance their check-book and that’s it. On top of that, they wonder why they have money problems. Then they think that more money will solve the problem. Few realize that it’s their lack of financial education that is the problem.
Be truthful about your emotions and use your mind and your emotions in your favour, not against yourself.
I want to teach you to master the power of money. Not be afraid of it. And they don’t teach that in school. If you don’t learn it, you become a slave to money.
The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich. It’s self inflicted fear and ignorance that keeps people trapped.
Unfortunately for many people, school is the end, not the beginning.
Thinking that a job will make you feel secure is lying to yourself. That’s cruel and that’s the lie I want you to avoid, if possible.
I’ve seen how money run people’s lives. Don’t let that happen to you.
Money without financial intelligence is money soon gone.
Most people fail to realize that in life, it’s not how much money you make, but how much money you keep.
If you want to be rich, you need to be financially literate.
Rich people acquire assets. The poor and middle class acquire liabilities, but they think it’s assets.
Assets put money in your pocket.
More money seldom solves someone’s money problems. Intelligence solves problems.
Too often, people count their house, savings and retirement plan as all they have in their asset column. Because they have no money to invest, they simply do not invest. This cost them investment experience. Most never become what they investment world calls a “sophisticated investor.” And the best investments are usually first sold to “sophisticated investors,” who then turn around and sell them to the people playing it safe.
The real tragedy is that the lack of early financial education is what creates the risk faced by average middle class people.
Know the difference between asset and liability. Once you understand the difference, concentrate your efforts on only buying income generating assets. That’s the best way to get started on a path to becoming rich.
Focus on keeping liabilities and expenses down. This will make more money available to continue pouring into your assets.
Wealth is a person’s ability to survive so many number of days forward……or if I stopped working today, how long could I survive?
The secret is is: “Mind your own business.” Financial struggle is often directly the result of people working all their life for someone else. Many people will have nothing at the end of their working days.
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home.
An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
Buying a luxury on credit often causes a person to sooner or later actually resent that luxury because the debt on the luxury becomes a financial burden.
So why would you want to increase your financial intelligence? Because you want to be the kind of person who creates your own luck. You take whatever happens and make it better.
The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant. Wealth so far beyond the dreams of kings and queens 300 years ago. An untrained mind can also create extreme poverty that lasts lifetimes by teaching it to their families.
The point I would like to make is that investments come and go, the market goes up and goes down, economies improve and crash. The world is always handing you opportunities of a lifetime, every day of your life, but all too often we fail to see them.
Great opportunities are not seen with your eyes. They are seen with your mind. Most people never get wealthy simply because they are not trained financially to recognize opportunities right in front of them.
Work to learn – don’t work for money.
I recommend to young people to seek work for what they will learn, more than what they will earn. Look down the road at what skills they want to acquire before choosing a specific profession and before getting trapped in the “Rat Race.”
Winning means being unafraid to lose.
For winners, losing inspires them, for losers, losing defeats them.
Be a little greedy, it’s the best cure for laziness.
When you know you are ignorant in a subject, start educating yourself by finding an expert in field or find a book on the subject.
I just choose to be rich. and I make that choice every day.
Most people simply buy investment rather than first invest in learning about investing.
If you learn something new, then you are required to make mistakes in order to fully understand what you have learned.
One of the hardest things about building wealth is to be true to yourself and be willing and be willing to not go along with the crowd. For in the market, it is usually the crowd that shows up late and be slaughtered. If a great is on the front page, it’s too late in most instances.
The world pushes people around not because other people are bullies, but because the individual lacks internal control and discipline. People who lack internal fortitude often become victims of those who have self-discipline.
A common bad habit (of the poor) is innocently called ‘Dipping into savings.’ The rich know that savings are only used to create more money, not to pay bills.