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
Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.
Merton MillerRead
Never pay the slightest attention to what a company president ever says about his stock.
Bernard BaruchRead
There is always something to worry about. Avoid weekend thinking and ignoring the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.
Peter LynchRead
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
Barry RitholtzRead
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.
Suze OrmanRead
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
Peter LynchRead