A Quote by Robert Kiyosaki

Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

Robert Kiyosaki

Quote Topics

Asset Assets Between Buy Difference Know Liability Money Must Out Pocket Puts Rule Something Takes

Quote Author

Robert Kiyosaki
American - Author
Born: April 8, 1947

Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.

Robert Kiyosaki

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

Warren Buffett

Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.

Robert Kiyosaki

For we must be one thing or the other, an asset or a liability, the sinew in your wing to help you soar, or the chain to bind you to earth.

Countee Cullen

I find so many people struggling, often working harder, simply because they cling to old ideas. They want things to be the way they were; they resist change. I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.

Robert Kiyosaki

Every liability is just an asset in hiding.

Mark Victor Hansen

You have phantom income each year. No money is being put in your pocket, but you have to take some money out of your pocket to pay Uncle Sam because the tax is paid based on accretion.

Scott Walker

I feel that as long as I'm an asset and not a liability I'm still loving the game as much as I ever have.

Adam Vinatieri

I had intended to make another film, called Pocket Money, which was to be about children at a school. I was very much intrigued by the story [of Close Up] - it came into my dreams and I was very much influenced by it. So I called my producer and asked that we put aside Pocket Money and start something else, and he agreed.

Abbas Kiarostami

If [Vladimir] Putin likes Donald Trump, guess what, folks, that`s called an asset, not a liability.

Donald Trump

If Putin likes Donald Trump, I consider that an asset, not a liability, because we have a horrible relationship with Russia.

Donald Trump

What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.

James Chanos

Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don't look at signatures. They're processing millions of checks and they have very little liability.

Frank Abagnale

Consider the idea that charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems, when people filter the brutal facts from you.