If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.

When success and incompetence meet, disaster is not far away.

Instead, to be financially free, we need to learn how to make mistakes and manage risk.

If you're still doing what mommy and daddy said for you to do (go to school, get a job, and save money), you're losing.

Rich dad went on to explain that the world was filled with different types of entrepreneurs. There are entrepreneurs who are big and small, rich and poor, honest and crooked, for-profit and not-for-profit, saint and sinner, small town and international, and successes and failures. He said, "The word entrepreneur is a big word and it means different things to different people."

I don't like medicine. There's an old Irish proverb that goes, "If I knew where I was going to die, I wouldn't go there." I suspect that I'm going to die in a hospital, so every time I go past one, I drive really quickly to get away from those things. So I spend a lot of money on health: gyms, I go to naturopaths, acupuncturists; anybody else who's almost the alternative to medicine. I think by the time you need medicine, it's too late. That's my belief.

Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.