67 Rich Dad and Robert Kiyosaki Quotes on Business and Money

1. "Business is like a wheel barrow. Nothing happens until you start pushing."

2. 3.

"Money is just an idea." "Sight is what you see with your eyes, vision is what you see with your mind."

4. "The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left." 5. "Excuses cost a dime and that's why the poor could afford a lot of it."

6. "When you come to the boundaries of what you know, it is time to make some mistakes." 7. work." 8. "The richest people in the world build networks; everyone else is trained to look for

"Skills make you rich, not theories."

9. "The ability to sell is the number one skill in business. If you cannot sell, don't bother thinking about becoming a business owner." 10. "The more I risk being rejected, the better my chances are of being accepted."

67 Rich Dad and Robert Kiyosaki Quotes on Business and Money
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they think the same thought day in day out. "People who dream small dreams continue to live as small people. something you don't know before." "Business and investing are team sports. hoping to swim to the other side. You cannot have success without failure." 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money 21. Instead of learning something new. "Success is a poor teacher. When you expand your mental capacity." 17. If a man can pass through the eye of the needle." 20. just learning opportunities. "Forget the Carmel. "Too many people are too lazy to think. so don't be afraid of failing. "Thinking is hard work." 23. you expand your mental capacity. "A mistake is a signal that it is time to learn something new. they form a team. but there are bad entrepreneurs and investors." . "There are no mistakes in life. 22. When you are forced to think. simply serve more people. They race for the cliff and leap into the ocean of financial uncertainty. We learn the most about ourselves when we fail. "There are no bad business and investment opportunities." 15. "In today's rapidly changing world.67 Rich Dad and Robert Kiyosaki Quotes on Business and Money 11. "Losers quit when they fail. the people who are not taking risk are the risk takers. "People without financial knowledge. 19." 16. he will enter the world of tremendous wealth. "If you want to be rich. who take advice from financial experts are like lemmings simply following their leader." 14." 12. they form a union but when business owners unite. Failing is part of the process of success. "When employees unite. your wealth increases." 13." 18." 24. Winners fail until they succeed.

38." 37." "A winning strategy must include losing. Most people choose to stay the same all their lives." "Getting rich begins with the right mindset. It is your self doubt and your laziness that defines and limit who you are. If you take on debt personally. If you take on large debt. "You can always quit. 34." 27. the size of your dream and how you handle disappointment along the way. Winning and losing are just part of the game. you have to be emotionally neutral to winning and losing. 32. 33. "To be a successful business owner and investor. "The biggest challenge you have is to challenge your own self doubt and your laziness. "The most important word in the world of money is cash flow." "People without leverage work for those with leverage. "It is easy to stay the same but it is not easy to change. so why quit now." "Inside each of us is a David and a Goliath. "Financial leverage is the advantage the rich have over the poor and middle class. The second most important word is leverage.25. "The problem with having a job is that it gets in the way of getting rich." 30. make sure someone else is paying for it." 28. "The size of your success is measured by the strength of your desire. "Be careful when you take on debt." 36. 39." 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money 31. 40." 29." "What you think is real is your reality. "It does not take money to make money." 35." 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money ." "Leverage is the reason some people become rich and others do not become rich. make sure it is small. the right words and the right plan." 26.

you need to develop your vision. On the fast track." 47. you are a commodity. the more that person gives up control over his "Investing in mutual funds is investing at the end of the food chain. If you want to become rich quickly. "If you want to be rich. "In order to be a player on the fast track.41. "Cynics and fools are twins on the opposite sides of reality and possibility. it is control more than money that counts." 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money Rich Dad’s Advisors Books Series Sales Dogs Protecting Your No 1 Asset Own Your Own Corporation How to Buy and Sell a Business Business Team That Wins: The Invisible Code of Honor That Takes Ordinary People and Turns Them Into a Championship Team">The ABCs of Building a Business Team That . most people are on the slow train looking out the window watching the fast train pass them by. your dreams will forever be just dreams. just as there are fast trains and slow trains. so that your dreams will become real. Fools will believe any far fetched scheme and a cynic will criticize anything outside their reality. You must be standing on the edge of time gazing into the future. First make your plans real and then your dreams will come true. "Always start at the end before you begin. When it comes to money." 42. your plan must include fast ideas." 50." 45. "There are fast ideas and slow ideas. you will need to have a plan on how to gain more and more control." 49. "Your future is created by what you do today. "If you are not a brand." 43. "A plan is a bridge to your dreams. A cynic's reality does not allow anything new in and a fool's reality does not have the ability to keep foolish ideas out." 46. life. Your job is to make the plan or bridge real." 48." 44. "The more a person seeks security. If all you do is stand on the side of the bank and dream of the other side. not tomorrow. Knowing your exit strategy is an important investment fundamental. Professional investors always have an exit strategy before they invest.

even though you are not in the fire. see.Wins OPM. fire. "Most people spend their lives building financial houses of straws. even fire will not hurt you. business and investing. People who are humble learn more than people who are arrogant. we have too many preachers. Watch what a person does more than what he says. "If you are moving. Words allow the brain to see what the eyes cannot "In the world of money. your life will change. When you pretend to be smart." 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money 60. Tomorrow does not exist. "One of the most stupid things to do is to pretend you are smart. 52. "One of the great things about being willing to try new things and make mistakes is that making mistakes keeps you humble. rain and big bad wolves. "Sometimes." 59. Other People’s Business Plans: How to Prepare a Business Plan That Want to Read -. Those words will become flesh. Tomorrow only exist in the mind of dreamers and losers. Learn to listen with your eyes." 57." 53.and Invest In">The ABCs of Writing Winning Business Plans Others Money Will 67 Rich Dad and Robert Kiyosaki Quotes on Business and Money 51. "The moment you make passive income and portfolio income a part of your life." "The most life destroying word of all is the word tomorrow. "The problem with tomorrow is that I have never seen a tomorrow. the heat will eventually get to you. 54." 55. what is right for you at the beginning of your life is not the right thing for you at the end of your life. "Words are tools for the brain." 61." 58." 56. you are at the height of stupidity. Actions do speak louder than words." . If you are standing still near the fire. "Talk is cheap. which are susceptible to wind.

the entrepreneur begins building a parachute and hopes it opens before hitting the ground. In mid air. To hire the right people." – Rich Dad 66." 65. I will suggest you read on as there’s a lot to learn from this industrialist billionaire.” Who is Aliko Dangote? How did Aliko Dangote become the richest black person in the world? Well. . He is the richest man in Africa. “If you own a butcher shop. "You must fire bad customers just as you would fire a bad employee. the richest black man in the world." 64. don’t hire vegetarians. Today. "I want my money back and I also want to keep my investments." 63. the good employees will leave. If you do not get rid of your bad employees. "Your money should be a good bird dog. Aliko Dangote is a business magnate. "One of the most important things a real investor needs to say is this. This is the inspiring story of how Aliko Dangote. I bring to you. It helps you find a bird. the Dangote Group. Aliko Dangote.62. the richest man in Nigeria and the richest black person in the world. I am going to share some business lessons from one of my mentors and role model. Most people's money acts like the bird that just flies away. "Start small and dream big. "Starting a business is like jumping out of an airplane without a parachute. If I do not fire bad customers. not only will my good customers leave but many of my good employees will leave as well. you have to let the wrong people go. This mentor of mine controls over 60% of Nigeria's sugar market and over 42% of the country's cement market. whose business acumen and aggressiveness send fear into the mind of competitors. a man from the third world rose from a humble beginning tobecome not only the richest black man in the world but also the richest black person in the world. catch the bird and then goes out to get another bird. This humble billionaire currently sits atop one of Africa's largest conglomerate." 67. I am talking of a country with over 150 million citizens.

he developed strong business ethics and principles. he would probably have been on my list of the richest school drop out billionaires in the world. Dangote Flour Mills. he got a lot a loan of N500. he commissioned a one billion dollar factory (Obajana Cement Factory). But this was not so 25 years ago. vegetable oil. After developing his business skills and building his confidence. salt. Aliko Dangote has never looked back. state Nigeria. his group is made up of Dangote Sugar Refinery (one of the most capitalized stocks on the Nigerian stock exchange). Born on April 10. Today. In the course of running his business. Blue Star Shipping. Just recently. Dangote sacks. millet. rice. In celebration of his 50th birthday anniversary in 2007. Dangote Cement.8billion. After gaining a strong hold on the commodities market. he stated that leaping from importation to manufacturing was his greatest business move. Cairo. which happens to be the largest cement factory in Africa. Benue Cement Company Plc. He had his primary and secondary education in Kano before he proceeded to Alazahar University. the Bachita Sugar Company. Dangote transport. One of Aliko Dangote's business strategies for succeeding in the commodity market was todevelop a strong distribution network and make the delivery of his goods faster than that of his competitors. pasta. Forbes magazine declared Aliko Dangote the richest black person in the world with a net worth of $13. Dansa Foods. If not for the degree. National Salt Company Of Nigeria (NASCON). he boosted his philanthropic activities with the launch of his foundation (Dangote Foundation). It’s also worthwhile you know that Dangote is the 51th richest man in the world as at 9thMarch 2011.500 today) from his uncle in 1977 to start his own business. . cocoa and textile. In an interview granted to a journalist by this billionaire. Aliko Dangote: The Richest Black Man in the World and founder of the Dangote Group Since he moved into manufacturing. Aliko Dangote started business by trading in commodities such as sugar. 1957 in Kano. Egypt to obtain a degree. Blue Star Investment and so on. Obajana Cement(Africa's largest cement factory). cotton.On the 9th of March 2011. It was while working under his uncle. Aliko Dangote ventured into manufacturing and producing the same commodities he was importing.000 (approximately $3. Aliko Dangote was also given a deadline of three years to repay the loan but he repaid the loan in three months. His company (Dangote Group) controls over 13 other companies with most of them acquired through strategic mergers and acquisitions. Sani Dantata that he found his passion and began developing hisbusiness skills. to the family of Muhammad Dangote and Hajiya Mariya Sanusi Dantata.

To him. Best Entrepreneur and Philanthropist of the year in 2002. In 2008. 1. And in 2010.5 billion dollars. Nigeria is the best place to invest your money and I think I agree with that. 2006 and Best CEO of the Year also at the 11th Annual ThisDay Awards.Dangote is respected in the business circle for his ability to buy and revive moribund companies. Aliko Dangote has been showered with many awards and has been listed as one of the 20 most outstanding CEO’s in Corporate Nigeria. He was awarded the Most Respected CEO of the year. He has had a brief stint as the president of the Nigerian Stock Exchange. Aliko Dangote: The Richest Black Person in the World In acknowledgement of his business acumen. he was adjudged ThisDay Entrepreneur of the Year. Determination and Passion . Five Lessons I Learned from Aliko Dangote: The Richest Black Man in the World and founder of the Dangote Group In the course of studying the entrepreneurial lifestyle of this multi billionaire. I was able to grab fivebusiness lessons and principles that made him who he is today. Aliko Dangote emerged the richest black man in the world with a net worth of $3. He is also known for his strong belief. Most recently. Thus. He was also conferred with theOfficer of the Order of the Niger (OON) and Commander of the Order of the Niger (CON). by Price Water House Coopers/Business Day in 2005 and Cross River Roll of Honors Award. Aliko Dangote merged his cement companies to become Dangote Cement and this new entity was listed on the Nigerian Stock Exchange. This is with respect to Forbes ranking of world Billionaires. one of the most capitalized company on the Nigerian Stock Exchange and the biggest listing on the floor so far. The total capitalization of the Dangote Group on the floor of the Nigerian Stock Exchange accounts for over 42% of the market capitalization (as at the time of the writing). making Aliko Dangote's cement company. He strongly believes in Nigeria and he proved it by investing 100% in Nigeria. Thereby making him "Aliko Dangote" the biggest individual player on the exchange.3 billion dollarsbeating Oprah Winfrey: who is the richest black woman in the world with a net worth of $2.

This mission is the fuel that drives his companies to dominate their market. The power of a strong mission In course of understudying this role model of mine (Aliko Dangote). you must passionate aboutbuilding a business. "It is not really work if you are having fun. Just as he says "Passion is what drives me forward. I want to be remembered as Africa's greatest industrialist. Aliko Dangote has a strong life purpose and I will quote exactly what he said in an interview he granted: "After my death. "What will I be remembered for after I exit this world? Now answer to the question above is what a life purpose is. I came to discover that his overall success is all hinged on one factor. your life purpose is simply what you will be remembered for after your death. Aliko Dangote was able to become a billionaire because he has a very strong mission statement and that mission is." – Pierre Omidyar 2. without passion.” For you to build a successful business. his mission. 3. Passion will help you endure the challenges of the entrepreneurial process. . Anything he dreams. To me. The power of a life purpose Another lesson I picked from Aliko Dangote is the power of a life purpose. he set out to achieve." – Dangote This statement propelled me to also ask myself the question. Passion is what makes me go to bed at 2am and wake up at 6am.Aliko Dangote is known for being a man of determination. "To provide the basic need of over 150 million Nigerians" I also learnt from Aliko Dangote that the spirit of the entrepreneur is found in the mission statement and if this mission is strong. forget about building a business. it will continue to drive the entrepreneur's companies to success even after his death.

Mutual fund is the best low risk investment. Rome was not built in a day. Stay away from debt. which in turn resulted in his ability to deliver his goods faster than his competitors. Save for the rainy day. Debt is bad. Stocks is the best investment Buy now and hold. Aliko Dangote: The Richest Black Person in the World and founder of the Dangote Group In conclusion. Invest for long term. The first strategy he implemented was to create a strong brand "Dangote Group. For 30years. “The Rich Dad Company was an overnight success but it took us many years to get there. The third strategy was to sell his product nationwide at uniform price. success requires hard work and persistence. Avoid risk. . diversify. For while their companions lay asleep. it took him 30years to get there. Don’t carry all your eggs in one basket. The power of strategy While trading on commodities. if you stick to the process. There is nothing like overnight. Along with this process come tough business challenges. I leave you with this quote: "The height attained by great men is not by sudden flight. Live below your means. despite the fact that Aliko Dangote emerged the richest black man in the world by 2008." – Anonymous The most popular financial/investment advice Go to school so you can get a good job. these men were toiling in the night.4. The second was to develop a strong distribution network throughout the country. At this stage.” – Robert Kiyosaki That brings me to the last lesson I learnt from this billionaire industrialist and that lesson is this. he was committed and persistent to the entrepreneurial process of building a formidable business. Dangote developed a strategic plan that will set him apart from his competitors. you will hit the pot of gold.” a brand that signifies quality.

I see millions of people trying to get rich by investing using a part their salaries. but the truth is that stock investing did not make these men billionaires. then start a business. And if you must know. When your business produces enough cash flow. “Robert Kiyosaki. These men became billionaires because they built mega businesses and used this business as leverage to invest in other businesses.Don’t diversify. The problem with these individuals is that they are investing alone against well structured businesses with millions of dollars.” – Robert Kiyosaki I really thank Robert Kiyosaki for giving me this piece of advice. They are capital and management intensive? This list of advises goes on and on. I want to share with you the best financial/investment advice I have ever received.” Most people respect Warren Buffett and George Soros as great stock investors. Today. I see many individuals going against this simple advice. When your business produces enough cash flow. Avoid real estate investments. And through my business. Expand your means” – Rich Dad Of the few advice that have profited me financially. Everyday. The sad truth is that they are not going to make headway because they can only acquire limited assets using their salaries. So when I am asked the question: What is the best way to invest $1000? My answer is usually this: “First invest in yourself. focus. But it’s sad to say that of all the advice I have received.” Now what was his advice? The best financial investment advice I have ever received “First invest in building a business. this advice was offered to be by my business mentor. then you can begin investing in other assets. Don’t take risk. “First invest in building a business. I see people having their investment portfolio wiped out in their bid to make a kill on the stock market. I have made couple of investments with pre-tax dollars and the banks are willing to lend me money because they can see my business system in . This advice is the reason why I tag “starting a business” as the best investment opportunity with the highest return on investment. Turn your money over to a fund manager. Hedge funds are too risky.” – Robert Kiyosaki Ever since I received this financial advice. then you can begin investing in other assets. I have concentrated my efforts on investing in building a business. only few have profited me tremendously and one of such good financial advice is this: “Don’t live below your means. It’s the best investment advice I have ever received and this single advice has made me millions.

giving large profits and creating quite an impact to millions of clients locally and worldwide. real estate. precious metals or business startups. designing and sizing the business logo Marketing Activities (for your targeted market) Existing Patronage Beneficial attributes of the product Innovative ideas Linguistic strategies (consider language barrier and cultural differences) Trademark security & protection Being aware that Product branding is a discipline applied in building a name for your company’s product. In conclusion. the most important point I want you to remember is that building your own business is the best investment you can invest in because of the leverage it offers. Conceptualization (consider the objectives as well) Total Image/outlook of the product Packaging Positioning. 5. Brand leverage is the reason McDonalds’ own the most expensive real estate properties in the world. you can leverage its brand in the acquisition of assets. Please consult your financial adviser. then you can invest in other businesses and assets with ease. Lastly. 2. Investing with a team will also put you ahead of individuals who try to invest alone. you can leverage the competence. 7. 9. 8. perhaps your business strategy is working best for you. There are many phases to still consider like: The Branches of Product Branding 1. 10. Apparently. Yet. Consider the fact that when a company more often produce products of . it’s the riskiest investment because of the high failure rate. first invest in building your own business because it pays in the long run. Apart from the financial leverage your business offers. product naming is just one aspect of Product branding. So whether you are interested in investing in stocks. CPA or tax strategist to get advice on the best possible ways to take advantage of the tax loopholes in buWhat benefit could a business gain in coming up with a remarkable product name? If you promote a product that really sells. 3. 6. commodities. When you build a business and your business begins to generate cash flow.operation. Product branding was efficiently instilled aside from the quality you produced. 4. Now I am not a tax strategist or a financial adviser so it’s better you consult one for better understanding on investing with pre-tax dollars. intelligence and professionalism of your business team to reduce your investment risk.

often referred to as neologism. Fanciful (or coined names) These Product branding names seemed completely made-up. This is where the Product branding task becomes less difficult. Crayola. it hits business to consumer with more impact through directly hinting the key features of the product. Some metaphoric quotes are even adapted to create a slogan which is but an effective way to attract and convince clients. Whereas. Coca-Cola Product branding plays a vital role in attracting buyers and users alike. Example: Apple Computers (Steve Jobs’ favorite fruit. often perceived as a current phenomenon but scientifically not proven to be true yet. Arbitrary This technique in naming a product do not directly or literally describe the product. Example: Florida Orange Juice. striking product name to create an image in the world market. ingredient or even geographical location. stating the benefits up to describing the image of the company. The names can be composed of natural or coined words. it would take a period of time before they can come up with a rightful. and that he had worked in an apple farm beforebecoming a billionaire in computer world) d. Descriptive These are the type of names that describe a product’s feature. Four Categories of Product branding: a. people tend to be impulsive of any product your company will produce in the future. Suggestive This product naming is so commonly used. its approach is not really adapted from any product’s feature. Bounty Paper Towels c. Example: Kellog’s Nutri Grain. Some product names already became an icon for a specific product line. Example: Kool-Aid. . It is well accepted by the society that brand names that are meaningfully coined are more effective to create an impression to consumers. Philadelphia Cream Cheese b. description or benefits.great quality and satisfaction. A suggestive name simply implies all the positive associations of the product to the consumers. chances are that the same kind of people will patronize more and more of the brands of products you produce. approved and accepted. for those businesses that just entered the competitive market. A dependable product brand maintains customer’s loyalty in years to come. characteristic. Because you have created a sound image. appearance. It is also believed that a stable customers’ patronage lessens the overhead costs of any business when we speak of promotion and advertising. These fanciful names have already been long established.

siness.However. . Descriptive and Suggestive names created the exact meaning for the targeted market because these names are mainly composed of natural English words that can work alone or through combination that can also create in the formation of a unique abstract name or the literal counterpart.