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.
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.
Interpretation
What this quote means
Financial education empowers individuals to manage and grow their wealth effectively.
This quote emphasizes the importance of financial education over money itself. While money can be fleeting, the knowledge of how to manage and invest it provides individuals with the power to build wealth and secure their financial future. Kiyosaki argues that many people fail to achieve financial independence because they lack the necessary education about money management, leading them to work for money rather than making money work for them.
Themes
In practice
Example use cases
During a financial literacy workshop, this quote can be used to motivate attendees to seek more knowledge about managing their finances.
More from Robert Kiyosaki
All quotes βIf 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.
Similar quotes
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We inculcate young people with the message that if they don't succeed, it is merely of their own doing. They should have worked harder, we say. They should have made better decisions. This message is especially present in communities of color.
Let the American youth never forget, that they possess a noble inheritance, bought by the toils, and sufferings, and blood of their ancestors; and capacity, if wisely improved, and faithfully guarded, of transmitting to their latest posterity all the substantial blessings of life, the peaceful enjoyment of liberty, property, religion, and independence.
Competitive skills are desperately needed by poor children in America, and realistic recognition of the economic roles that they may someday have an opportunity to fill is obviously important, too. But there is more to life, and there ought to be much more to childhood, than readiness for economic functions.