--- title: "9 Buy Assets Quotes by 7 authors" description: "Browse 9 Buy Assets quotes by 7 authors. Discover the best Buy Assets sayings and thoughts." image: "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg" --- > [Rich people buy assets, poor people buy liabilities](https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) [Image](https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg) > [Try to buy assets at a discount than to buy earnings.](https://sms4smile.com/quotes/walter-schloss/try-to-buy-assets-at-a-discount-than-to-buy-earnings/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) [Image](https://sms4smile.com/quotes/i/216/walter-schloss-7650_assets_try-to-buy-assets-at-a-discount-than-to_109866.png) > [“Rule One. You must know the difference between an asset and a liability, and buy assets.”](https://sms4smile.com/quotes/robert-t-kiyosaki/rule-one-you-must-know-the-difference-between-an-asset-and-a/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) [Image](https://sms4smile.com/quotes/i/700/robert-t-kiyosaki-3248_customer_rule-one-you-must-know-the-difference-be_251536.jpg) > [The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the…](https://sms4smile.com/quotes/robert-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buys/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) [Image](https://sms4smile.com/quotes/i/097/robert-kiyosaki-260_assets_the-rich-buy-assets-the-poor-only-have-e_2947025.jpg) > [“•​The rich buy assets. •​The poor only have expenses. •​The middle class buy liabilities they think are assets.”](https://sms4smile.com/quotes/robert-t-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buy/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) [Image](https://sms4smile.com/quotes/i/ada/robert-t-kiyosaki-3248_middle-class_the-rich-buy-assets-the-poor-only-have-e_1906316.jpg) > [We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean,…](https://sms4smile.com/quotes/warren-buffett/we-need-to-throw-the-resources-at-this-that-are-necessary-but-like-i/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/94e/warren-buffett-183_assets_we-need-to-throw-the-resources-at-this-t_2335943.png) > [Do not go out first thing after signing a contract and buy assets that are huge compared to the contract signed. Just…](https://sms4smile.com/quotes/mark-goulston/do-not-go-out-first-thing-after-signing-a-contract-and-buy-assets/) [Mark Goulston](https://sms4smile.com/quotes/author/mark-goulston/) [Image](https://sms4smile.com/quotes/i/590/mark-goulston-4177_buying_do-not-go-out-first-thing-after-signing_716803.jpg) > [Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think…](https://sms4smile.com/quotes/jamie-dimon/banks-don-t-want-certain-asset-classes-and-that-s-created/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) [Image](https://sms4smile.com/quotes/i/122/jamie-dimon-1320_assets_banks-don-t-want-certain-asset-classes-a_2769376.jpg) > [“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich,…](https://sms4smile.com/quotes/robert-t-kiyosaki/rule-1-you-must-know-the-difference-between-an-asset-and-a-liability/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) [Image](https://sms4smile.com/quotes/i/c38/robert-t-kiyosaki-3248_middle-class_rule-1-you-must-know-the-difference-betw_751810.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/buy-assets/#itemlist", "name": "Buy Assets Quotes", "numberOfItems": 9, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Rich people buy assets, poor people buy liabilities", "creator": { "@type": "Person", "name": "Anonymous" }, "url": "https://sms4smile.com/quotes/anonymous/rich-people-buy-assets-poor-people-buy-liabilities/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "contentUrl": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "url": "https://sms4smile.com/quotes/i/521/anonymous-1_asset_rich-people-buy-assets-poor-people-buy-l_1997486.jpg", "width": 1080, "height": 1080, "caption": "“Rich people buy assets, poor people buy liabilities” — Anonymous", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Try to buy assets at a discount than to buy earnings.", "creator": { "@type": "Person", "name": "Walter Schloss" }, "url": "https://sms4smile.com/quotes/walter-schloss/try-to-buy-assets-at-a-discount-than-to-buy-earnings/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/216/walter-schloss-7650_assets_try-to-buy-assets-at-a-discount-than-to_109866.png", "contentUrl": "https://sms4smile.com/quotes/i/216/walter-schloss-7650_assets_try-to-buy-assets-at-a-discount-than-to_109866.png", "url": "https://sms4smile.com/quotes/i/216/walter-schloss-7650_assets_try-to-buy-assets-at-a-discount-than-to_109866.png", "width": 1080, "height": 1080, "caption": "“Try to buy assets at a discount than to buy earnings.” — Walter Schloss", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "“Rule One. 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Kiyosaki", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them.", "creator": { "@type": "Person", "name": "Robert Kiyosaki" }, "url": "https://sms4smile.com/quotes/robert-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buys/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/097/robert-kiyosaki-260_assets_the-rich-buy-assets-the-poor-only-have-e_2947025.jpg", "contentUrl": "https://sms4smile.com/quotes/i/097/robert-kiyosaki-260_assets_the-rich-buy-assets-the-poor-only-have-e_2947025.jpg", "url": "https://sms4smile.com/quotes/i/097/robert-kiyosaki-260_assets_the-rich-buy-assets-the-poor-only-have-e_2947025.jpg", "width": 1080, "height": 1080, "caption": "“The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets…” — Robert Kiyosaki", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "“•​The rich buy assets. •​The poor only have expenses. •​The middle class buy liabilities they think are assets.”", "creator": { "@type": "Person", "name": "Robert T. Kiyosaki" }, "url": "https://sms4smile.com/quotes/robert-t-kiyosaki/the-rich-buy-assets-the-poor-only-have-expenses-the-middle-class-buy/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ada/robert-t-kiyosaki-3248_middle-class_the-rich-buy-assets-the-poor-only-have-e_1906316.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ada/robert-t-kiyosaki-3248_middle-class_the-rich-buy-assets-the-poor-only-have-e_1906316.jpg", "url": "https://sms4smile.com/quotes/i/ada/robert-t-kiyosaki-3248_middle-class_the-rich-buy-assets-the-poor-only-have-e_1906316.jpg", "width": 1080, "height": 1080, "caption": "“•​The rich buy assets. •​The poor only have expenses. •​The middle class buy liabilities they think are…” — Robert T. Kiyosaki", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/we-need-to-throw-the-resources-at-this-that-are-necessary-but-like-i/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/94e/warren-buffett-183_assets_we-need-to-throw-the-resources-at-this-t_2335943.png", "contentUrl": "https://sms4smile.com/quotes/i/94e/warren-buffett-183_assets_we-need-to-throw-the-resources-at-this-t_2335943.png", "url": "https://sms4smile.com/quotes/i/94e/warren-buffett-183_assets_we-need-to-throw-the-resources-at-this-t_2335943.png", "width": 1080, "height": 1080, "caption": "“We need to throw the resources at this that are necessary. But like I say, we are not spending money. I…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "Do not go out first thing after signing a contract and buy assets that are huge compared to the contract signed. Just because you have money for the first time doesn't mean you have to spend it before you know all the ramifications of buying the assets.", "creator": { "@type": "Person", "name": "Mark Goulston" }, "url": "https://sms4smile.com/quotes/mark-goulston/do-not-go-out-first-thing-after-signing-a-contract-and-buy-assets/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/590/mark-goulston-4177_buying_do-not-go-out-first-thing-after-signing_716803.jpg", "contentUrl": "https://sms4smile.com/quotes/i/590/mark-goulston-4177_buying_do-not-go-out-first-thing-after-signing_716803.jpg", "url": "https://sms4smile.com/quotes/i/590/mark-goulston-4177_buying_do-not-go-out-first-thing-after-signing_716803.jpg", "width": 1080, "height": 1080, "caption": "“Do not go out first thing after signing a contract and buy assets that are huge compared to the contract…” — Mark Goulston", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.", "creator": { "@type": "Person", "name": "Jamie Dimon" }, "url": "https://sms4smile.com/quotes/jamie-dimon/banks-don-t-want-certain-asset-classes-and-that-s-created/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/122/jamie-dimon-1320_assets_banks-don-t-want-certain-asset-classes-a_2769376.jpg", "contentUrl": "https://sms4smile.com/quotes/i/122/jamie-dimon-1320_assets_banks-don-t-want-certain-asset-classes-a_2769376.jpg", "url": "https://sms4smile.com/quotes/i/122/jamie-dimon-1320_assets_banks-don-t-want-certain-asset-classes-a_2769376.jpg", "width": 1080, "height": 1080, "caption": "“Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds…” — Jamie Dimon", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "“Rule #1: 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 number one. 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. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “ said rich dad.”", "creator": { "@type": "Person", "name": "Robert T. Kiyosaki" }, "url": "https://sms4smile.com/quotes/robert-t-kiyosaki/rule-1-you-must-know-the-difference-between-an-asset-and-a-liability/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c38/robert-t-kiyosaki-3248_middle-class_rule-1-you-must-know-the-difference-betw_751810.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c38/robert-t-kiyosaki-3248_middle-class_rule-1-you-must-know-the-difference-betw_751810.jpg", "url": "https://sms4smile.com/quotes/i/c38/robert-t-kiyosaki-3248_middle-class_rule-1-you-must-know-the-difference-betw_751810.jpg", "width": 1080, "height": 1080, "caption": "“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be…” — Robert T. 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