Skip to content

Magic words Quote by Robert T. Kiyosaki

Download Open image
““terms. The net effect is that I have created $30,000 in my asset column for which I am paid interest, just like a bank gets paid interest for the loans it makes. I was beginning to be a bank, and I loved it. Remember that rich dad said, “Be careful when you take on debt. If you take on debt personally, make sure it’s small. If you take on large debt, make sure someone else is paying for it.” In the language of the B and I side, I “laid off” my risk, or “hedged” my risk to another buyer. That is the game in the world of finance. This type of transaction is done all over the world. Yet wherever I go, people come up to me and say those magic words: “You can’t do that here.” What most small investors fail to realize is that many large commercial buildings are bought and sold exactly in the manner described above. Sometimes they go through a bank, but many times””

Robert T. Kiyosaki

3.8 out of 5 (8 ratings)

More by Robert T. Kiyosaki

Explore all 128 Robert T. Kiyosaki quotes

More Magic words quotes

Browse all 81 Magic words quotes