Quotes About Wealth

Rule One. You must know the difference between an asset and a liability, and buy assets.

A corporation can do many things that an employee cannot, like pay expenses before paying taxes. That is a whole area of expertise that is very exciting. Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

So if you want to be rich and maintain your wealth, it's important to be financially literate, in words as well as numbers. The

Why in the world would someone say, 'I can't afford it' or 'I can't do it' to something they want? Why would someone deny themselves the things they want? It makes no logical sense.

Poor people have poor habits.

The key to financial freedom and great wealth is a person's ability to convert earned income into passive and/or portfolio income.

He said it was better to work years at creating an asset rather than to spend your life working hard for money to create someone else's asset.

I talk about freedom from the Rat Race, and they focus on toilets. That is the thought pattern that keeps most people poor. They criticize instead of analyze.

The person becomes attached to the vehicle and then fails to see all the other investment vehicles and procedures available.

The primary difference between a rich person and a poor person is how they manage fear.

It's not about income, it's about assets that generate income.

Todas las personas necesitan sentarse y cuestionarse a sí mismas: "¿Cómo sería mi vida si no tuviera que volver a trabajar nunca más? ¿Qué haría si tuviera todo el dinero que necesito?

I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value—and that is why they are poor.

the only difference between a rich person and a poor person is what they do in their spare time.

The sophisticated investor's first question is: "How fast do I get my money back?

Soon there will be such a horrifying gap between the rich and the poor that chaos will break out and another great civilization will collapse.

Proper physical exercise increases your chances of health, and proper mental exercise increases your chances for wealth. Laziness decreases both health and wealth.

You will see things that other people never see. Most people never see these opportunities because they're looking for money and security

You only need to be generous with what you have.

To live a life dictated by the size of a paycheck is not really living a life. Thinking that a job makes you secure is lying to yourself. That's cruel, and that's the trap I want you to avoid.

There is a difference between being poor and being broke. Broke is temporary. Poor is eternal." My

Whatever your reality is about money inside of you is the reality of money outside of you. You cannot change your outside reality until you first change your inside reality about money.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. This is really all you need to know.

They spend their lives minding someone else's business and making that person rich.