Written in the curt speaking style both men are known for. The quote-notes below are large, so if you lack time, just read this revealing Trump-Kiyosaki conversation :
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Trump : “There’s something else. You and I look at making money as a game. We have fun. We enjoy the game. Sometimes we lose, but mainly we win… but most people don’t see making money as a game. They think of it as life and death, winners and losers.“
Kiyosaki : “Survival, the struggle for life or death itself. Which is why they are terrified of losing… That’s why they look at investing as risky.”
Trump : “And wind up in risky investments. It’s a financial tragedy.”
Kiyosaki : “Their loss of money?”
Trump : “No! The fun they miss out on. Making money is fun! Life is supposed to be fun. And millions of people are living in fear instead of having fun. That’s the tragedy.”
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NOTABLE QUOTES (Kiyosaki) :
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“Donald and I invest to win, while others invest not to lose.”
“It is crucial to be true to yourself, to be true to your own answer.”
“Security and freedom are not the same… they are opposite values. That is why the people with the most security have the least freedom.”
“Leverage is the ability to do more with less. And you should not use leverage unless you have the financial training to apply it.”
“We are all born rich. We have all been given the most powerful lever on earth: our minds. So use your mind for leverage to make you rich rather than to make excuses.”
Investment questions to always ask yourself:
How do you...
*** Reduce risk & increase return?
*** Find great investments?
*** Know a good deal from a bad deal?
*** Invest with less of your own money and more OPM?
*** Get the experience without risking money?
*** Handle losses?
*** Find good advisors?
“It is not the quest for money that makes me rich. It is the quest for knowledge. It is the desire to learn more, do more, accomplish more, and help… Money is just the score, a measure to tell me how we are doing.”
“The reason why amateurs are amateurs is that they do not love the game enough .” - The War of Art, by S. Pressfield
*** Love what you do
*** Have patience
*** Act in the face of fear
“The winners of the game are those who love the game the most. If you do not love the game, get out. There’s probably something more useful for you to do. Something more exciting for you.”
“Winners take control. The control of these 6 truly separates the rich from the poor: "
*** income
*** expense
*** asset
*** liability
*** management
*** insurance
“Most people are good at reducing expenses, but very few people are good at increasing sales.”
“Rich Dad recommended I get a job learning to sell. ‘If you want to be an entrepreneur, you need to know how to sell.’ “
“Once you have control, get creative.”
“I play to win. And the prize goes to the one who plays the game with the least risk and the most confidence.”
“Most people invest money and do not invest much time. Donald and I invest a lot of time before we invest money. We prepare to invest… Entrepreneurship is not risky. Being unprepared is risky.”
“In life, talent is not enough. If you want a starting position, you need to take yourself to a whole new level.”
“What I want in life is up to me. There is no one in the way. If I want something, I know that desire is not enough. I need to do what it takes to be a winner before I can win.”
“Creativity is infinite. Therefore money is infinite.”
“I saw people further ahead in life, simply because they had taken their education and their professional careers seriously.”
“Learn to make money with money. All you have to do is take $10, and see how long it takes you to double it to $20. You could buy something and sell it on the web. If you are good, you may double your money in one day.”
“It is important to be able to read numbers.”
“Professional investors invest with insurance. Amateurs do not.”
“Change starts in the head.”
“The key is to have honest and experienced partners.”
“If you are rich, your job is to hang onto your money, and multiply it.”
“We are all born geniuses. A person needs to seek the environment that’s best for his or her genius to flourish.”
”We keep financially negative people out of our lives.”
“Ask yourself ‘Is there a very rich person inside of me ready to come out?’ "
Other important questions :
*** Leverage : “Can I train other people to work for me?”
*** Control : “Do I have a protected system that belongs to me?”
*** Creativity : “Will the business allow me to be creative and develop my own personal style and talents?”
*** Expandability : “Can my business grow indefinitely?”
*** Predictability : “Can my income grow if I do what is expected of me? If I am successful, and keep expanding my business, will my income increase with my success and hard work?”
“To be successful, often you need to choose between the death of the old you, and the birth of a new you. Many people stop growing because they are afraid of dying. The old identity refusing to commit ego suicide. So life remains the same as the world goes on.”
NOTABLE QUOTES (Trump) :
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“Nothing is easy, but who wants nothing? Your financial intelligence is greater than that.”
“The Chinese are industrious and disciplined.”
“If today were suddenly to become a memory, what would you like to remember about it?”
“If your reality begins with your dreams, your dreams will become your reality.”
“Being stubborn is a big part of being a winner.”
“I tell people to see themselves as victorious. Positive thinking works. It has a lot of power.”
“My demise was written about in major publications, and even then I refused to agree with them. My reality was about my dreams, not about numbers. And I won.”
“Imagine living your life, and then finding out you missed your own destiny in the process.”
“I’m not a thrill-seeker when it comes to finances, and it’s best if you’re not either.”
“Winners remain young at heart. They aim high, and have the enthusiasm and the plans… Then they pay attention, and focus on what it’s going to take to achieve them.”
“Savers are still living within the realm of fear. Investors have conquered that fear, and are reaping the rewards... Savers wait for a long time, which often means they will miss out on opportunities.”
“If you know what you’re doing, you don’t need a lot of space to do it in.”
“The most desired recruits for medical school: music majors. Their left and right brains are equally developed, because music is mathematical and creative at the same time. It also requires discipline and long hours of practice… So start listening to both sides of your brain, and you’ll start seeing some results.”
“I always did more than what was required. That, I think, is a key to success… Expect to do more. What you’re willing to do may determine where you’re willing to go.”
“Excuses aren’t acceptable. You learn not to whine, but instead keep your equilibrium and persevere.”
“I ask myself 'What have I learned today that I didn’t know before?' ”
“The first and best victory is to conquer self.”
“Have fun.”
“Precision, instinct and tempo are all necessary in order to become extraordinary.”
“I have noticed people with deep faith of some sort often seem more grounded and more productive. They have a sense of purpose that can’t be destroyed, and they are not easily discouraged.”
“Read as much as you can. Learn as much as you can everyday.”
“Pay attention, and go the extra mile every single day. Don’t wait for opportunity to come to you.”
“Do not allow blind spots to interfere with or ruin the blueprint of your life. It helps to think like a builder, and know that every inch of a building or every aspect of your life has to be accounted for. In construction, we can’t be haphazard, or hope that things might work out okay. That’s setting the stage for disaster. We have to know.”
“Don’t view your financial education as a choice, unless you want to encounter big problems later on. Do a review of your financial status once a week, to begin with. See it as necessary as doing your laundry.”
“What would you do if you didn’t need money? What would you do if you knew you couldn’t fail?”
“Vision remains vision until you focus, do the work, and bring it down to earth where it will do some good.”
“Raise the bar on yourself. Never settle for doing enough. Today’s world is competitive, and moves so quickly, that you will have to raise your stamina level if you expect to remain in the competition.”
“I would be very serious about thinking about the future.”
“Renewed diligence is of utmost importance.”
“…A place with positive memories, in order to proceed with positive energy.”
“To retire is to expire.”
“The good life isn’t over until you give up on it.”
“I have a lot of projects going on, and that’s one of the reasons I am rich.”
“Never underestimate your good fortune.”
“Keep your focus on success, and elevate your life to where it should be.”
“Genuine enthusiasm is hard to beat, and the odds will be with you.”
“I’m a cautious optimist, but the cautious part comes first.”
“Being an entrepreneur is not a group effort. You have to be willing to go it alone for a certain amount of time.”
“A business is literally an expression of yourself.”
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