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
Your most expensive advice is the free advice you receive from your financially struggling friends and relatives.
Interpretation
What this quote means
Be cautious of free financial advice from those who are not financially successful themselves.
This quote emphasizes the importance of seeking financial advice from knowledgeable and successful individuals rather than relying on the opinions of those who struggle financially. It suggests that misguided advice can lead to poor decisions that may cost you more in the long run, making it essential to prioritize the source of advice when it comes to financial matters.
Themes
Financial AdviceFriendsFamilyWealthSuccess
In practice
Example use cases
In a personal finance seminar to illustrate the importance of credible advice.
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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.
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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.
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