GURUSPEAK : Robert Kiyosaki

Updated: Jul 7 2008, 04:59am hrs
Robert Toru Kiyosaki (61), a self-made man, is an investor, a businessman, and most notably an author. Kiyosaki is best known for his Rich Dad, Poor Dad series of motivational books. He has written 18 books, which have sold over 26 million copies. Three of his books, Rich Dad Poor Dad, Rich Dads Cashflow Quadrant, and Rich Dads Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today, and the New York Times. Robert Kiyosaki explains why many commonly held truths about managing money are obsolete. In their place, he offers financial solutions anyone can follow. Investing, he points out, is not risky, but following bad investment advice is.

* Your future is created by what you do today, not tomorrow

* 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.

* The only difference between a rich person and poor person is how they use their time

* Academic qualifications are important and so is financial education. Theyre both important and schools are forgetting one of them.

* The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use the word tomorrow the most

* I have a problem with too much money. I cant reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

* Do today what you want for your tomorrows

* Tomorrows only exist in the minds of dreamers and losers

* The most life-destroying word of all is the word tomorrow

* A lot of people are afraid to tell the truth, to say no. Thats where toughness comes into play. Toughness is not being a bully. Its having backbone.

* Money is kind of a base subject. Like water, food, air and housing, it affects everything, yet for some reason the world of academics thinks its a subject below their social standing

* 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.