Overcoming Arrogance




“What I know makes me money. What I don’t know loses me money. Every time I have been arrogant, I have lost money. Because when I’m arrogant, I truly believe that what I don’t know is not important,” rich dad would often tell me.

I have found that many people use arrogance to try to hide their own ignorance.

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or a book on the subject.

Having no money should not be an excuse to not learn. But that is a choice we all make daily: the choice of what we do with our time, our money, and what we put in our heads. That is the power of choice. All of us have choice. 

Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have domination over. Each of us have the choice of what we put in our brain once we’re old enough.

A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas. Listening is more important than talking. 

Too many people think with their mouth instead of listening in order to absorb new ideas and possibilities. They argue instead of asking questions.

Robert T. Kiyosaki




Don’t Be Afraid To Fail!


New York's  Babe Ruth


Why is it, when we read about the great achievements of successful men in sports, or business, we are seldom told about their failures? For example: we now read of the amazing record of the immortal Babe Ruth, with his unapproached total of 714 home runs; but another unapproached world’s record of his is carefully buried in the records, never to be mentioned – striking out more time that any other player in history. He failed 1330 times!

Are you discouraged by your failures? Listen! Your average may be as good as anybody’s. If you fail to find your name on the list of makers-good, don’t blame it on failures. Examine your records. You’ll probably discover the real reason is lack of effort. Not enough exposure. You don’t give old man law of averages sufficient chance to work for you.

Whatever your calling may be, each error, each failure is like a strike-out. Your greatest asset is the number of strike outs you have had since your last hit. The greater the number, the nearer you are to your next hit.


Frank Bettger

Asset and Liability




The most important rule is to know the difference between an asset and a liability. Once you understand the difference, concentrate your efforts on buying income-generating assets. That’s the best way to get started on a path to becoming rich. keep doing that, and your asset column will grow. Keep liabilities and expenses down so more money is available to continue pouring into the assets column.

My next goal would be to have excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less that the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor.

Robert T. Kiyosaki

It’s about How Much You Keep


Early paper money, China, Song Dynasty

Early paper money, China, Song Dynasty (Photo credit: Wikipedia)

Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.

You must know the difference between an asset and a liability, and buy assets. An assets puts money in my pocket. A liability takes money out of my pocket.

If you want to be reach, simply spend your life buying assets.

Robert T. Kiyosaki