Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
When times are bad is when the real entrepreneurs emerge.
The thing I always say to people is this: ‘If you avoid failure, you also avoid success.’
Financial freedom is available to those who learn about it and work for it.
Warren Buffett is famous for talking about the ‘intrinsic value’ of stocks. But while many people parrot this phrase, few know what it really means.
The size of your success is measured by the strength of your desire the size of your dream and how you handle disappointment along the way.
Strength and compassion are not mutually exclusive.
I want parents to teach that academic intelligence is essential, but so is financial intelligence.
Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold.
If you are the kind of person who is waiting for the ‘right’ thing to happen, you might wait for a long time. It’s like waiting for all the traffic lights to be green for five miles before starting the trip.
A financial crisis is a great time for professional investors and a horrible time for average ones.
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.
If you’re going to be a winner in life, you have to constantly go beyond your best.
If you want to go somewhere, it is best to find someone who has already been there.
There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you’re never going to win big in a mutual fund.
People invest in businesses that they believe have the leadership, mission and team to grow and operate profitably.
Military school was great and especially great for leadership and then I spent two years in Vietnam.
Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.
If medical doctors can be sued for malpractice, shouldn’t financial professionals practice under the same safeguard?
A lot of people are afraid to tell the truth, to say no. That’s where toughness comes into play. Toughness is not being a bully. It’s having backbone.
I believe that one key to success is to accept truth, no matter how it’s spoken.
Fuel prices are at the center of our lives. They affect our ability to travel, stay warm, and feed ourselves.
My partner Donald Trump says that married couples should always have a prenuptial agreement. True, a prenuptial is important if one partner is much richer than the other before marriage, but Kim and I don’t have one.
Sometimes the hardest thing to do is to trust your team. It’s a lesson I’ve had to relearn quite a few times.
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 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.
We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.
Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them.
If you want to thrive in today’s economy, you must challenge the status quo and get the financial education necessary to succeed.
My company survives because I’ve learned to respect the ideas of people younger than me and recognize when my wisdom is obsolete.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
People concerned about inflation today tend to buy big houses and nice cars.
Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their cars, and clothes on their backs.
Learn to invest in investments where you can achieve an honest, legal advantage over other investors. When it comes to investing, why play on a level field?
Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges.
My dad seemed comfortable with his decision to be a ‘have-not,’ but I knew that I wasn’t.
In 1997, in Rich Dad, Poor Dad, I stated, ‘Your home is not an asset.’ Real estate agents sent me hate mail.
When my book ‘Rich Dad’s Prophecy’ was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash.
My rich dad believed we should all learn to take care of ourselves.