This site is dedicated to the memory of Dr. Alan William Smolowe who gave birth to the creation of this database.
American Businessman, Investor, Financial Literacy Activist, Motivational Speaker and Best-Selling Author of "Rich Dad, Poor Dad" books
"Business, investing and making money is my game. I love my game. I am passionate about the game. So if I retired, I would lose my passion and what is life without passion?"
"Can Anyone Be an Entrepreneur? Rich Dad wanted his son and me to understand that anyone could be an entrepreneur. Being an entrepreneur was not that special. He did not want the idea of being an entrepreneur to go to our heads. He did not want us looking down on anyone or thinking we were better than other people if we became successful entrepreneurs."
"Cash must keep flowing."
"Business is like a wheel barrow. Nothing happens until you start pushing."
"CASHFLOW investing requires more financial sophistication. Anyone can buy something and hope the price will increase. Finding cash-flowing deals take knowledge of both potential income and expenses, and how to project the performance of the investment based on those variables."
"Busy people are often the most lazy."
"By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card."
"CASHFLOW clubs are not for those who want to get rich quick. CASHFLOW clubs are there to support the long-term mental, emotional, spiritual, physical, and financial changes a person needs to go through. We all change and evolve at different rates of speed so you are encouraged to go at your own speed."
"Change your focus from making money to serving more people. Serving more people makes the money come in."
"Choosing to be rich starts by choosing your IDEAS."
"Choosing what we think rather than reaction to our emotions."
"Confidence comes from discipline and training."
"Complaining about your current position in life is worthless. Have a spine and do something about it instead."
"Conflicts between parent and child begin when the child?s winning formula for success is not the same as the parents?."
"Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold."
"Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it?s just noise that can be a distraction."
"'Credit' is another word for trustworthiness."
"Cynics and fools are twins on the opposite sides of reality and possibility. Fools will believe any far-fetched scheme and a cynic will criticize anything outside their reality. A cynic?s reality does not allow anything new in and a fool?s reality does not have the ability to keep foolish ideas out."
"Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age."
"Deflation isn't good, and inflation is easier to cure than deflation."
"Do not work hard, work smart."
"Do today what you want for your tomorrows."
"Do what your heart tells you is right anyway because you get criticized. Damned if you do and damned if you do not."
"Doing what rich people do is easy."
"Does school prepare children for the real world?"
"Don?t ask yourself why? Ask yourself why not?"
"Do you wish to learn from your mistakes? Get up once you?re down?"
"Don?t be addicted to money. Work to learn. Don?t work for money. Work for knowledge."
"Don?t let the fear of losing be greater than the excitement of winning."
"Don?t focus on the money. Focus on learning to be a better investor."
"Don't talk about other people or other problems. Look at yourself."
"Don?t let greed and easy money interfere with becoming a rich and financially wise man. Never confuse capital gains with cashflow."
"Don't work for the money; let the money work for you."
"Don?t waste a good mistake? Learn from it."
"Don't be afraid of your worst times. If you learn from them, you'll look back on them as the best times."
"During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain."
"Each failure was actually making me smarter and more confident. Each failure made me less afraid of failing and more excited about learning what I needed to learn next. Each failure was a challenge, the door to the next world. If I was successful, the door to the next world opened. If I failed and the challenge beat me, the door slammed in my face. If the door slammed in my face, it meant I needed to get smarter. I needed to think harder. I needed to use my creativity to find a way to get into the next door. In many ways, it was like being a salesman on the street again, knocking on doors once more."
"Education gives us the power to turn information into meaning."
"Each of us has received two priceless gifts: mind and time. Up to you what you do with them. You have the power to determine the fate of each note you are taking in hand. You and only you have the power to do so. Spend know her silly, you've chosen to stay poor. Spend her liabilities and will join the ranks of the middle class. Invest into your mind and learn how to obtain the assets; then you have chosen as your target wealth and future. The choice is yours, only yours. Every day, with every note, you decide whether to be in the ranks of the poor, middle class or rich. Choose to share this knowledge with your children and you choose to prepare them for the world that awaits them. No one else will do it. Your future and the future of your children is determined by your choice today, not tomorrow. We wish you great wealth and happiness in this magical gift called life."
"Emotions are what make us human. Make us real. The word ?emotion? stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself."
"Education is the foundation of success. Just as scholastic skills are vitally important, so are financial skills and communication skills."
"Emulate the heroes [is an] effective tool for learning."
"Entrepreneurs turn problems into profits."
"Entrepreneurs have two characteristics? ignorance and courage... In my opinion, it is this relationship between ignorance and courage that is the essence of life itself."
"Education is cheap; experience is expensive."
"Education is what you learn after you leave school."
"Even if the economy crashes, we will still burn oil."
"Even though the risks of death are higher driving than flying, many people would rather drive simply because they feel they have more control driving. The facts are that only a few hundred people die a year flying, and 44,000 are killed a year driving."
"Even though I took a pounding, Rich Dad was happy that I was learning to be a creative entrepreneur, rather than a competitive one. He said, "Some entrepreneurs win by creating. Other entrepreneurs win by copying and competing." He also said, "The riskiest of all types of entrepreneur is the creative entrepreneur, also known as an innovator." "Why is the creative entrepreneur the riskiest type to be?" I asked. "Because being creative means you are often a pioneer. It is easy to copy a successful and proven product. It is also less risky. If you learn to innovate, create, or invent your way to success, you are an entrepreneur creating new value rather than an entrepreneur who wins by copying.""
"Every day they wake up with this fear gnawing at their soul. They rush off to work, hoping that a paycheck will kill the fear. Money is running their lives, and they refuse to tell the truth about it."