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
Investing isn’t risky; not being in control is risky.
Interpretation
Investing is not inherently dangerous; rather, a lack of control over one's investments is what poses a risk.
Robert Kiyosaki's quote emphasizes the importance of taking control of one's financial decisions through investing. It suggests that while investing may seem risky, the real danger lies in avoiding investment altogether and relinquishing control over one's financial future, thereby exposing oneself to greater uncertainties.
In practice
In a financial seminar discussing personal investment strategies.
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.
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.
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
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.
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
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.
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.
A mortgage casts a shadow on the sunniest field.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
There are no shortcuts when it comes to getting out of debt.
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