Quotes About Wealth

All of you were given two great gifts: your mind and your time. It is up to you to do what you please with both. With each dollar bill that enters your hand, you, and only you, have the power to determine your destiny. Spend it foolishly, and you choose to be poor. Spend it on liabilities, and you join the middle class. Invest it in your mind and learn how to acquire assets, and you will be choosing wealth as your goal and your future.

My best friend, Mike, had an asset column handed to him, but he still had to choose to learn to keep it. Many rich families lose their assets in the next generation simply because there was no one trained to be a good steward over their assets.

The five main reasons financially literate people may still not develop abundant cash flow are: 1) fear, 2) cynicism, 3) laziness, 4) bad habits, and 5) arrogance.

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.

wealth, their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes. If they think money will solve problems, they will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

Loss of education. Too often, people count their house and savings and retirement plans as all they have in their asset column. Because they have no money to invest, they simply don't invest. This costs them investment experience. Most never become what the investment world calls "a sophisticated investor." And the best investments are usually first sold to sophisticated investors, who then turn around and sell them to the people playing it safe.

I am not saying don't buy a house. What I am saying is that you should understand the difference between an asset and a liability. When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

The reason I minimize my income is because I don't want to pay it to the government. That is why my income comes from my asset column, through a Nevada corporation. If I work for money, the government takes it.

is yours, and only yours. Every day with every dollar, you decide to be rich, poor, or middle class. Choose to share this knowledge with your children, and you choose to prepare them for the world that awaits. No one else will. You and your children's future will be determined by choices you make today, not tomorrow. I wish you great wealth and much happiness with this fabulous gift called life.

So we become rich by becoming partners with the government?

I will move my money in for a week to a month while the stock moves up. Then I pull my initial dollar amount out, and stop worrying about the fluctuations of the market, because my initial money is back and ready to work on another asset. So my money goes in, and then it comes out, and I own an asset that was technically free.

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Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you. You will see things

Rich people acquire assets. The poor and middle class acquire liabilities

You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die.

Rule #1: You must know the difference between an asset and a liability, and buy assets.

FINANCIAL APTITUDE: What you do with the money once you make it, how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you.

How fast do I get my money back?

The Worldly Philosophers

My first product, the nylon-and-Velcro wallet, was manufactured in the Far East and shipped to a warehouse in New York, near where I had gone to school.

an asset that gives him very little cash flow and will appreciate very slowly in value, if it ever does.

After The Worldly Philosophers, I recommend reading The Creature from Jekyll Island by G. Edward Griffin, Paul Zane Pilzer's Unlimited Wealth, James Dale Davidson's The Sovereign Individual, Robert Preacher's The Crest of the Wave, and Harry Dent's The Great Depression Ahead.

Simple math and common sense are all you need to do well financially. There

For most people, the reason they don't win financially is because the pain of losing money is far greater than the joy of being rich.