A financial crisis is a great time for professional investors and a horrible time for average ones.
— Robert Kiyosaki
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.
Every time I hear a politician mention the word 'stimulus,' my mind flashes back to high school biology class, when I touched battery wires to a dead frog to make it twitch.
The Web and new technology offer more opportunities to reach a world market at a lower price. Today, a person can start a business at home and reach the world market.
Even if the economy crashes, we will still burn oil.
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 Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
While the Chinese people, as a rule, are good people, my business dealings with Communist Chinese officials have left me disturbed and concerned about the rise of the Chinese Empire.
World War II broke out in 1939, and many people credit that war with saving the economy.
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.
In 1997, in Rich Dad, Poor Dad, I stated, 'Your home is not an asset.' Real estate agents sent me hate mail.
A true capitalist doesn't have a job, because other people and other people's money work for them.
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.
Strength and compassion are not mutually exclusive.
I don't invest in ideas because ideas are a dime a dozen. I could steal the idea pretty quickly.
Most businesses think that product is the most important thing, but without great leadership, mission and a team that deliver results at a high level, even the best product won't make a company successful.
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.
Most people are happy being average. Most are happy being faceless in a sea of faces.
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.
Life is better when people are working, happy, and spending money.
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.
Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.
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.
History reminds us that dictators and despots arise during times of severe economic crisis.
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.
What I invest in, while not risky for me, may be too risky for most people.
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.
The problem with being an employee or self-employed is you pay the highest taxes.
In my experience, many people confuse being cowardly with being nice.
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.
Socialists tend to want to pay people more money to do less work, and capitalists tend to want to provide better products at better prices.
People invest in businesses that they believe have the leadership, mission and team to grow and operate profitably.
Sometimes the hardest thing to do is to trust your team. It's a lesson I've had to relearn quite a few times.
If you're going to be a winner in life, you have to constantly go beyond your best.
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.
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.
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.
This rise of the new global mega-rich is happening as established institutions are falling. The fall runs the gamut from the music business and traditional media to the Detroit automakers who find themselves obsolete, outmaneuvered, and out-priced by entrepreneurs in Silicon Valley, Mumbai, Shanghai, and even Siberia.
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 average age of the world's greatest civilizations from the beginning of history has been about 200 years.
Our global economy is much more fragile than many of us realize.
Until we have comprehensive financial education, we'll never see the end of our booms and busts.
Money has a language of its own.
I am pro-education. I'm just anti the system.
I believe that one key to success is to accept truth, no matter how it's spoken.
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!
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?'
