You know, “The most expensive advice is bad advice” hits hard because we’ve all seen it. Someone follows well-meaning but financially flawed guidance and ends up paying for it for years. It’s a costly lesson in choosing your mentors wisely.
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Meaning
The core message is that the cost of following financially unproven advice isn’t just the money lost on a bad deal; it’s the lost time, the lost opportunities, and the reinforcement of a mindset that keeps you poor.
Explanation
Let me break this down. It’s not that poor people are bad or unintelligent. Far from it. The problem is one of context and paradigm. If you’re getting advice from someone whose own financial reality is one of scarcity and struggle, they can only advise you from within that framework. They’ll tell you to “play it safe,” to “save every penny,” to “avoid risk at all costs.” And while that sounds prudent, it’s often the very mindset that prevents wealth creation. The “expensive” part is the compound effect of that bad advice. It’s not just the $1,000 you lost on a stock tip from your broke uncle; it’s the million-dollar business you never started because you were told it was too risky. That’s the real cost.
Quote Summary
| Context | Attributes |
|---|---|
| Original Language | English (3668) |
| Category | Wealth (107) |
| Topics | knowledge (25), mentorship (9) |
| Literary Style | memorable (234), sharp (11) |
| Emotion / Mood | humorous (34), realistic (354) |
| Overall Quote Score | 80 (256) |
Origin & Factcheck
This quote comes directly from Robert Kiyosaki’s 2017 book, Why the Rich Are Getting Richer. It’s a core tenet of his philosophy, which he’s been teaching for decades. You sometimes see similar sentiments misattributed to other finance gurus, but this specific phrasing is pure Kiyosaki.
Attribution Summary
| Context | Attributes |
|---|---|
| Author | Robert T Kiyosaki (98) |
| Source Type | Book (4032) |
| Source/Book Name | Why the Rich Are Getting Richer (52) |
| Origin Timeperiod | 21st Century (1892) |
| Original Language | English (3668) |
| Authenticity | Verified (4032) |
Author Bio
Born in Hilo, Hawaii, Robert T. Kiyosaki graduated from the United States Merchant Marine Academy and served as a Marine Corps helicopter gunship pilot in Vietnam. After stints at Xerox and entrepreneurial ventures, he turned to financial education, co-authoring Rich Dad Poor Dad in 1997 and launching the Rich Dad brand. He invests in real estate and commodities and hosts the Rich Dad Radio Show. The Robert T. Kiyosaki book list spans personal finance classics like Cashflow Quadrant and Rich Dad’s Guide to Investing, along with educational games and seminars.
| Official Website | Facebook | X| Instagram | YouTube
Where is this quotation located?
| Quotation | The most expensive advice is bad advice from poor people about money |
| Book Details | Publication Year/Date: 2017, ISBN/Unique Identifier: 9781612680811, Last edition: 1st Edition, Number of pages: 256 |
| Where is it? | Chapter 11, Mentorship and Money, page 195 |