Browsing articles in "Finance"
Jun 25, 2011

10 quotes of Robert Kiyosaki which can change your financial life

Yes I’m a big fan of Robert Kiyosaki, the author of <Rich Dad Poor Dad>. His writing is always straight to the point and makes sense.

So are his quotes.

Everyone is talking about financial freedom, but the imperative question is, how to reach there?

Here are his top 10 quotations I read from his books, Facebook and website:

1. Never say you cannot afford something. That is a poor man’s attitude. Ask HOW to afford it.

2. Find out where you are at, where you are going and build a plan to get there.

3. If you want to go somewhere, it is best to find someone who has already been there.

4. Education is cheap; experience is expensive.

5. When going into business don’t just find great partners, BE a great partner.

6. When people are lame, they love to blame.

7. The hardest part of change is going through the unknown.

8. The only difference between a rich person and poor person is how they use their time.

9. Face your fears and doubts, and new worlds will open to you.

10. Your future is created by what you do today, not tomorrow.


Also, I believe knowing is not enough, we need ACTION.

So, Screw It, Let’s Do It!

May 10, 2011

What Business Schools Don’t Really Teach

What makes us different? – Robert Kiyosaki the Author of Rich Dad Poor Dad

A simple yet powerful question.

Do you want to live the life you want or a mediocre lifestyle?

If you want a desired lifestyle, you must know the rules.

Business schools don’t really teach these knowledges.

And many people confuse of what exactly is income, expenditures, asset and liability (although they look simple)

This is why scenario of “no work – no pay, even work just enough to pay” happens.

Income and expenditures are easy to understand.

But not assets and liabilites.

Is your home an asset or liability? Yes and No.

Yes if it’s located in good location and value appreciating, or u can get rental fee out of it.

No if you don’t earn a penny from the home but paying your monthly income for it.

However too many middle-class spend their income in expenditures and liabilities like fancy “toys”.

Rich thinking – work hard to acquire assets which pay for liabilities.

For example, you have $100,000 cash. A home costs $80,000 and generates $800 monthly rental for you. A new car costs $80,000 and doesn’t generate any income to you. If you buy the $80,000 car in cash, that’s it. You left $20,000 but the car wouldn’t earn you any return.

However, if you use $80,000 to buy the house ($800 monthly rental income) and $20,000 for car down payment (monthly installment $500),  you actually gain $300. (Don’t take interest rate of installment into consideration)

The amazing thing is when you finish the car installment, you’ll enjoy a higher return of $800 per month.

This is a simple concept of why we must use income to buy asset which can pay off liabilities.


This is what Financial Freedom meant to me:

“When your monthly passive income is higher than your total monthly expenses & enough to achieve your desired living standard. You don’t even have to work at all. Your money will do the work and assets will actually pay for ALL expenses and liabilities.”

But of course, it is not easy.

1. How to get the $ to buy the asset?

2. Which asset is worth to buy?

So many still have to start from rat-race in the beginning, unless we have ideals like Mark Zuckerberg’s or born with silver spoon.

But again, it’s our choice. 10% or 90% as displayed above?

We choose it.


Welcome to this simple yet awesome blog.



Cities I visited