The primary reason in starting a business part-time is not so much to make a product great. The real reason for starting a part-time business is to make you a great businessperson.
Before there is a business, a successful entrepreneur is designing this type of business in his or her mind's eye. According to my rich dad, this is the job of a true entrepreneur.
If you want a solid future, you need to create it. You can take charge of your future only when you take control of your income source. You need your own business.
Over the years I have found that many of the richest people in the world began their lives with the habit of tithing.
The unique ability to take decisive action while maintainign focus on the ultimate mission is what defines a true leader.
Before you can transform your wallet from poor to rich, you've got to transform your spirit from poor to rich.
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.
Retarget your money. When your money comes in, you need to have already targeted where you are going to invest or doodad temptation will set in.
A goal is different from a wish. You may wish to be rich, but there's no responsibility for it. With a goal, it's on you to achieve it.
Don't be afraid of your worst times. If you learn from them, you'll look back on them as the best times.
In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs.
In the information age, the richest people are entrepreneurs. We may not become a king or queen, but we can all be entrepreneurs.
The most successful people are mavericks who aren't afraid to ask why, especially when everyone thinks it's obvious.
The idea of working all your life, saving, and putting money into a retirement account is a very slow plan.
You have a choice in life. Would you rather be lonely or miserable? I would rather be lonely. A lot of people are miserable in a marriage and they don't get along with their wife or husband and it's not worth it.
Have the courage to say what needs to be said to who it needs to be said to. You'll both be better for it.
For most people, the price for security is personal freedom. And without freedom, many people spend their lives working for money, rather than living out to their dreams.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
Inside each of you is a rich person, a poor person and a middle class person. It is up to you to decide which person you become.
I found in direct selling companies an education system designed to draw out the rich person in you.
People who are unwilling to make mistakes or have made mistakes and have not yet learned from them are those who wake up each morning and continue to make the same mistakes.
Making money is a common sense. It's not rocket science. But unfortunately, when it comes to money, common sense is uncommon.
Everyone has the ability to build a financial ark to survive and flourish in the future. But you must invest time in your financial education to build an ark with a solid foundation.
Financial planners are salespeople. They are NOT teachers. Get your education from someone NOT getting a commission.
Arrogant or critical people are often people with low self-esteem who are afraid of taking risks. That's because, if you learn something new, you are then required to make mistakes in order to fully understand what you have learned.
One of the things I didn't like about school is that every time they told a story about a rich guy in school, he was an evil guy. Our school system is programming us to think the rich are greedy and evil.
Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.
Failing once doesn't make you a failure. One difference between a successful person and an average person is how much criticism they can take, the average person cannot take much criticism and that's why they fail to be leaders and they do remain average all their lives.
Life isn't fair. It never will be. Quit trying to make it fair. You don't need it to be fair. Go make life unfair to your advantages.
From 1945 to 1974, the Western world -- including America -- was more socialistic than capitalistic, more pro-labor than pro-business.
Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
Don't be so bitter about a bad experience from your past that you miss the opportunities in front of you.
You cannot improve your future if you are not willing to try something new and risk making mistakes and learning from them.
The better you are at communicating, negotiating, and handling your fear of rejection, the easier life is.
A bad attitude, that the love of money is the root of all evil and the rich are evil and greedy and all that stuff. It's basically socialism and communism.
As I said, I wish I could say it was easy. It wasn't, but it wasn't hard either. But without a strong reason or purpose, anything in life is hard.
Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.
Success takes an investment in time, dedication, and sacrifice. This is true education. It is a process.
Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
In fact, I have a problem with too much money... I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.
A good leader is always looking for people smarter and more experienced than they are. If you are the smartest one in the room, then you are stupid.
Dreams are not easy. Dreams are painful. They force work and commitment. They are challenging and motivating.
The power of can't: The word can't makes strong people weak, blinds people who can see, saddens happy people, turns brave people into cowards, robs a genius of their brilliance, causes rich people to think poorly, and limits the achievements of that great person living inside us all.
Texans don't bury their failures. They get inspired by them. They take their failures and turn them into rallying cries. Failure inspires Texans to become winners. But that formula is not just the formula for Texans. It is formula for all winners.
For people choosing to use a network marketing system to build a business in the B quadrant, the price of entry is a lot lower, the risks are lower, and the education and support are there to guide you through this personal development process.
One of the great things about being willing to try new things and make mistakes is that making mistakes keeps you humble. People who are humble learn more than people who are arrogant.
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
The keys to success, in business and in life, are truthfulness, the ability to take and give, honest and well-intended feedback, strength of character and conviction in one's principles.
You will make some mistakes but, if you learn from those mistakes, those mistakes will become wisdom and wisdom is essential to becoming wealthy.
We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.
In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
Learn to invest in investments where you can achieve an honest, legal advantage over other investors. When it comes to investing, why play on a level field?
An active investor is someone who actually lives off their investments as opposed to wages from a job.
Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold.
When President George W. Bush attempted to reform Social Security, that proposal was more unpopular with Americans than the Iraq war. People love their entitlements.
By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.
For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.
Warren Buffett is famous for talking about the 'intrinsic value' of stocks. But while many people parrot this phrase, few know what it really means.
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.
I resigned from the Marine Corps and flying in 1974, even though I loved them both. I quit because I no longer wanted to fight for peace. Instead, I believe we can build a more sustainable peace by working for prosperity.
When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn't have a pension plan, they could count on Social Security and Medicare.
When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash.
Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account.
Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.
My partner Donald Trump says that married couples should always have a prenuptial agreement. True, a prenuptial is important if one partner is much richer than the other before marriage, but Kim and I don't have one.
When I watch professional football, I love listening to John Madden because I know he knows what he's talking about. He's been both down in the trenches and in front of the bench as a coach. He knows the game.
Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their cars, and clothes on their backs.
As capitalism falters, the rich move their money out of the country, violence increases, and politicians promising prosperity are elected.
The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.
I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses -- each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time.
Any time an investment company has to spend heavily on advertising, it's probably a bad business in which to invest.
When you think about it, three of our biggest financial decisions in life are made at times of peak emotional excitement: deciding to get married, buying a home, and having kids.
Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.
You do not have to be a rocket scientist to know that it is hard for a market to keep going up when more and more people are getting out.
Silver is used in the electronics industry and is consumed daily; stock piles of silver are dwindling.
When President Obama speaks about raising taxes on the rich, he speaks about high-income employees and small business owners, not entrepreneurs who build big businesses.
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.
The state of the economy is not the issue when it comes to growing a business. The relevant questions are always: 'What business are you in? Furthermore, is it adapting to the times?'
I believe that every one of us has a gift. And I believe that mine is the ability to take the complex and make it simple.
Most shareholders have little if any control over the companies in which they own stock, even if they own a million shares.
It was easy being healthy when I was young. I was full of energy, so sports and physical challenges were fun. But as I got older and the spring left my step, exercise became harder, and eating, drinking and watching TV became easier. By the time I was 50, I'd put on 50 pounds.
Many entrepreneurs do not realize that many of the problems their businesses face today began yesterday, long before there was a business.
The power of our thoughts may never be measured or appreciated, but it became obvious to me as a young boy that there was value and power in being aware of my thoughts and how I expressed myself.
In 'Unfair Advantage: The Power of Financial Education' and 'Why A Students Work for C Students,' I reveal the secrets of the wealthy and what schools will never teach you about money.
Start a part-time business and make as many mistakes as you possibly can while you still have your daytime job.
When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.
If you have faith in our leaders of commerce, don't buy gold. If you do not have faith in them, maybe you should buy gold or silver.
The subprime disaster was a result of financial bombs -- derivatives -- exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
Although I don't like the way the Chinese do business, I continue to do business in China. I have to. They're the next world power.
The environmentalists say capitalism is killing our oceans, air, land, and forests. Capitalists argue that they provide food, fuel, and building materials for a growing world.
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
It's easier to aim to please and say what others want to hear than to form an opinion and fight for it, even if it means taking a risk or losing your job.
Most employees only want to know how much they get paid and how much time off they get -- they probably don't have the mission in their souls.
The greatest story of all is Colonel Sanders. He didn't start until he was sixty-six on a freeway bypass for his chicken shop. Anything is possible!
If you want to thrive in today's economy, you must challenge the status quo and get the financial education necessary to succeed.
Most people have the opportunity of a lifetime flash right in front of them, and they fail to see it. A year later, they find out about it, after everyone else got rich.
Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
So the Marine Corps really did teach me to conquer fear, and then to go for higher causes, higher purposes.
Military school was great and especially great for leadership and then I spent two years in Vietnam.
I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.
Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
Giving a poor person money keeps them poor.
Giving a poor person money keeps them poorer longer...often forever; give them knowledge instead.
I worked for Xerox for 4 years and after that I knew I was never going to be a corporate person. It wasn't my environment.
This 90 10 rule holds true in almost anything financial. Take the game of golf, for example. Ten percent of the professional golfers make 90 percent of the money.
For something to collapse, not all systems have to shut down. In most cases, just one system is enough. For example, the human body is a system of systems. If just one system, such as the cardiovascular system, shuts down, death follows.