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.
Robert KiyosakiRead
Don’t buy luxuries until you’ve built the assets to afford them
Interpretation
What this quote means
Focus on building wealth before indulging in luxury.
This quote emphasizes the importance of financial responsibility and the idea that one should prioritize accumulating assets and financial stability before spending money on luxury items. It serves as a reminder that true wealth is built through wise investments and savings, rather than through immediate gratification from material possessions.
Themes
WealthLuxuryAssetsFinancial ResponsibilityInvesting
In practice
Example use cases
This quote is perfect to include in a financial literacy workshop.
More from Robert Kiyosaki
All quotes →If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
Robert KiyosakiRead
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
Robert KiyosakiRead
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.
Robert KiyosakiRead
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
Robert KiyosakiRead
It's easier to stand on the sidelines, criticize, and say why you shouldn't do something. The sidelines are crowded. Get in the game.
Robert KiyosakiRead
Similar quotes
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
George SorosRead
We are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Suze OrmanRead
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
David EinhornRead
There are no shortcuts when it comes to getting out of debt.
Dave RamseyRead
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
George SorosRead
Indeed, bull markets are fueled by successive waves of prior skeptics finally capitulating as their fears fade. Eventually, fear turns to euphoria, and that's the stuff of bubbles.
Kenneth FisherRead