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Losers quit when they fail. Winners fail until they succeed.

A well-known quote from Robert Kiyosaki.

An internationally recognised entrepreneur, investor and best-selling author, Kiyosaki is well known for his groundbreaking book "Rich Dad, Poor Dad", in which he challenges conventional notions of money and provides practical insights on building wealth. With his unique perspective on financial intelligence and investment strategies, Kiyosaki has empowered millions of people worldwide to take control of their financial future.

You can find a further 2293 quotes on this link, sorted by popularity, perhaps you will find a favourite to put up at your computer as a reminder or daily pep talk.  Goodreads - Robert Kiyosaki quotes

 

Animated summary of Rich Dad Poor Dad

Below is the link to a youtube film which you can find at FightMediocrity on YT about how they interpret the book written by Robert Kiyosaki. It is 10 years old but still just as interesting we think, set aside 8 minutes of your time and watch it now. Youtube - The book that changed my financial life

Something else associated with Robert Kiyosaki is the income quadrant and the four ways of making money, as well as passive income. If you would like us to write more about this topic in a separate article, don't forget to like one of the following articles the comments to this post on Facebook. Like Yes or No.

 

Some lessons learnt from the book "Rich Dad Poor Dad"

Changing yourself is easier than trying to change others.
Schools do not teach personal finance. Schools teach our children to play safe, to choose security, rather than to play smart. In school we are taught that mistakes are bad. But to get rich, you have to make mistakes to get better at solving problems.
The poor work for money, the rich put their money to work for them.inancial education solves your problems, not more money.
Rich people buy assets that generate more money (shares, propertyPoor people stay poor because they buy debts that they think are assets (cars, houses, boats).
A passive positive cash flow every month and year is what makes you rich (income from rents, dividends from shares). Buying assets and hoping they go up in value is speculation.

'There are those who make things happen, there are those who watch things happen and there are those who say "what happened?"' - Robert Kiyosaki

The books ´Rich Dad, Poor Dad: The Road to Financial Success´ and ´Cashflow Quadrant: Rich Dad's guide to financial success´ and others are available in Swedish and English and as a talking book.

Kiyosaki's investments

Kiyosaki is also an advocate of cryptocurrencies and predicts a banking and global economic crash. He tells his 2.5 million followers on X that he believes the Fed's tightening will lead to a recession and that more banks will fail. He recommends that the best investments during an economic crash are gold, silver and Bitcoin (BTC). Kiyosaki wrote on 8 February this year that "For many years I have been warning, Buy gold, silver, Bitcoin. We are not going in for a soft landing. Unfortunately, the world of fake money is crashing and gold, silver and Bitcoin are parachutes for your personal soft landing."
On 3 February, he also wrote on X that the stock market rally is being driven by dollars coming from the US government and then specifically the amazing rise of the Magnificent Seven stocks that include shares of tech titans such as Tesla, Meta, Alphabet, Amazon, Apple, Microsoft and Nvidia. According to Kiyosaki, the emergence of the Magnificent Seven makes investors believe that the US economy is in a position to witness more growth. They have skyrocketed by 71% in 2023 while the rest of the stocks in the S&P 500 increased by 6TP3T in the same time period.
"The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don't be fooled. The Magnificent Seven financed by US government dollars keeps the stock market up. Please be careful. Stock and bond markets are about to crash."

Kiyosaki emphasises that he continues to hold Bitcoin (BTC) to protect himself from the actions of the Fed, the Treasury Department, as well as Wall Street.

"Why I own Bitcoin? Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation and stock price manipulation. That is why I save and invest in Bitcoin, not stocks, bonds, and fake dollars."

Source: X the Real Kiyosaki