Posted inWealth

Quotes about assets principles

Rich people acquire assets. The poor and middle class acquire liabilities they think are assets - Robert T Kiyosaki
At its heart, this quote is about mindset. It's the fundamental difference between buying things that take money out of your pocket versus buying things that put money into it.
Posted inWealth

Wise advice on assets

You must know the difference between an asset and a liability, and buy assets - Robert T Kiyosaki
The core message is brutally simple: an asset puts money *in* your pocket. A liability takes money *out* of your pocket. Your financial success depends on your ability to tell them apart and act accordingly.
Posted inWealth

Quotes about assets principles

An important distinction is that rich people acquire assets. The poor and middle class acquire liabilities that they think are assets - Robert T Kiyosaki
The core message is that wealth isn't defined by what you earn, but by the financial nature of what you own. The rich focus on things that put money *in* their pocket, while others accumulate things that take money *out*, often without realizing it.
Posted inWisdom

Quotes about restraint

Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn. The clothes forgone and the first-class upgrade declined - Morgan Housel
The core message is brutally simple: Wealth is what you don't see. It's the unspent money, the deferred gratification, the financial potential you've chosen to preserve instead of convert into status symbols.
Posted inWisdom

Quotes about restraint

Wealth is what you don’t see. It’s the cars not bought, the diamonds not purchased, the watches not worn, the clothes forgone and the first-class upgrade declined - Morgan Housel
The quote flips the script on how we define wealth. It argues that real wealth isn't the visible status symbols you buy, but the invisible financial security you build by *not* buying them.