A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from May 11, 2013
“The rich invest in time, the poor invest in money”

“The rich invest in time, the poor invest in money” is almost always credited to American investor Warren Buffett, but it’s uncertain if the widely quoted ( and well-cited) Buffett said it. Websites have credited Buffett with the quotation—always without a source—since at least August 23, 2010.

Robert Kiyosaki, popular author of the Rich Dad Poor Dad series of motivational books, said in June 2006, “There’s only two things you can invest in –- time or money.” A post on Nairaland Forum on February 7, 2010, credited Kiyosaki with “The poor and middle class invest in money, the rich invest in time.” It’s probable that Kiyosaki said this or something like this, and the quotation became incorrectly credited to Buffett, America’s most famous investor.

“Rich have money, wealthy have time” is a similar saying.


Wikipedia: Robert Kiyosaki
Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator. Kiyosaki is well known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written over 15 books which have combined sales of over 26 million copies.

Wikipedia: Warren Buffett
Warren Edward Buffett (/ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the primary shareholder, chairman and CEO of Berkshire Hathaway and consistently ranked among the world’s wealthiest people. He was ranked as the world’s wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.

Buffett is called the “Wizard of Omaha”, “Oracle of Omaha”, or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.

Money Web
Robert Kiyosaki: Author of ‘Rich Dad, Poor Dad’ - Part 1
Alec Hogg
22 June 2006
(...)
ROBERT KIYOSAKI: You may not like my answer, but the biggest mistake people make is they think it’s how much money the earn that makes them rich or poor. It’s really how smart you spend your money. So, if you spend your money on stuff that has no return on it, then there’s nothing I can do to help you. But a lot of people, especially in America, make a lot of money but they spend more than they make. What I do is I invest my money constantly. So the thing I always recommend is invest first in education. There’s only two things you can invest in – time or money. I mean, there’s only two things you can invest.

Planet Calypso Forums
Caliber
08-15-2006, 11:05
Out of nothing comes nothing, if you aren’t God!

If you not invest in money, you need to invest in time, and I mean REAL time. Quit anything that you are doing, school, work, girlfriend, relatives, and “play” as a professional and make it a “work”. It’s a hard way of “playing”, but if that is your choice in EU, I wish you all the luck. You see, you have to sacrifice things to get something, and time is what you have to sacrifice.

Pinoy Money Talk Forum
sneaker23
Re: Which is better, Pre-selling or Ready for Occupancy?
Reply #1 on: Oct 10, 2008, 09:28 AM
(...)
RB would always say… “Those who invest in time, one way or the other gets the money than those who invest in money alone”

Nairaland Forum
Re: How Much Are You Worth Per Hour? by consultmartins(m): 4:45am On Feb 07, 2010
That remind me of two quotes from two of my mentors;

“The poor and middle class invest in money, the rich invest in time.” - Robert Kiyosaki
“Time is your greatest asset.” - Warren Buffet

Investor Guide
15 Characteristics of Highly Successful Investors
By: InvestorGuide Staff, dated August 23rd, 2010
(...)
“The rich invest in time, the poor invest in money.” — Warren Buffett

Google Books
The 3 Secrets to Effective Time Investment:
Achieve More Success with Less Stress

By Elizabeth Grace Saunders
Maidenhead: McGraw-Hill
2013
Pg. ?:
Sixty hours of work will never fit into 40 hours of time, and activities that have no time budgeted for them will not happen. As famed investor and philanthropist Warren Buffett wisely stated, “The rich invest in time; the poor invest in money.

Twitter
DaytradeWarrior
‏@DaytradeWarrior
“The rich invest in time, the poor invest in money.” – Warren Buffett
6:59 AM - 25 Feb 13

Twitter
Quotes4Entrepreneurs
‏@q4entrepreneurs
The rich invest in time, the poor invest in money. – Warren Buffett
2:58 AM - 25 Apr 13

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Saturday, May 11, 2013 • Permalink