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.

Sometimes the hardest thing to do is to trust your team. It's a lesson I've had to relearn quite a few times.

Cynics criticize and winners analyze.

My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.

We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence.

My father was a university professor and his thing was tenure. Any time I hear a university professor say tenure, I hear the word dinosaur. You're not supposed to be getting tenure. You're supposed to be figuring out how you can teach more students at a better price and more effectively. That's your job.

With any method of attaining great wealth, there is a price, and price is not always measured in money