Quotes About Wealth

Is that why you say, "Your house is not an asset?" For most homeowners, their house is taking money out of their pockets. A: Yes. Even if your house is debt free, cash is still flowing out of your pocket for taxes, maintenance, insurance, and utilities.

You are learning to delay gratification and work to build assets that grow in value.

he parked his wealth in real estate.

accounting (financial literacy, or the ability to read numbers and evaluate the strengths and weaknesses of any business), investing (the science and strategies of money making money), understanding markets (the science of supply and demand, and market conditions), and the law (tax advantages and protections).

The people who must get paid first ultimately get paid the least.

Tax laws encourage the rich to invest in real estate.

It is secret number three of the rich. That secret is: Mind your own business.

El dinero sólo reafirma el modelo de flujo de efectivo que ha concebido tu mente. Si tu patrón consiste en gastar todo lo que ganas, lo más probable es que, al tener más dinero, incrementes la cantidad que gastas. Recuerda el dicho: "Dinero que volando vino, se va por igual camino.

The income from real estate is passive income, the least taxed of all incomes.

More money will not solve the problem if cash-flow management is the problem.

One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, "Taxes punish those who produce and reward those who don't produce.

the love of money is the root of all evil.

Money without financial intelligence is money soon gone.

The business owner or entrepreneur gets the big bucks at the end of the day because he or she must be the most generous at the start of the day.

Even though people receive a tax deduction for interest on mortgage payments, they pay for all their other expenses with after-tax dollars, even after they pay off their mortgage.

As I said earlier, if a person cannot master the power of self-discipline, it is best not to try to get rich.

And while I am glad some people have become richer and richer, I caution them that in the long run, it's not how much money you make. It's how much you keep, and for how many generations you keep it.

I work for free because I want the big money at the end of the day.

Un buen administrador me permite comprar más bienes raíces porque no tengo que ocuparme de reparar los inodoros.

Real estate gives the investor much more hands-on control over their assets.

Unfortunately, people use the power of money against themselves. If your financial intelligence is low, money will run all over you. It will be smarter than you. If money is smarter than you, you will work for it all your life. To be the master of money, you need to be smarter than it. Then money will do as it is told. It will obey you. Instead of being a slave to it, you will be the master of it. That is financial intelligence.

proper mental exercise increases your chances for wealth.

So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answer. I simply say to them what my rich dad said to me when I was a little kid. "If you want to be rich, you need to be financially literate.

what money does do is buy me the time to do what I love, and pay other people to do what I hate doing.