Quotes About Wealth

Buffett himself says, Diversification is protection against ignorance. (It) makes very little sense for those who know what they're doing.

came to realize that financial IQ is 90 percent emotional IQ and only 10 percent technical information about finance or money.

Smart investors understand taxes before investing.

No, not really," said rich dad. "If you want to learn to work for money, then stay in school. That is a great place to learn to do that. But if you want to learn how to have money work for you, then I will teach you that. But only if you want to learn.

They were looking to climb the corporate ladder, whereas I wanted to build and own corporate ladders.

My next goal would be to have the excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less than the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor. As this reinvestment process continues, I am well on my way to becoming rich.

Ahora ocúpate de tu propio negocio. No renuncies a tu empleo pero comienza a comprar activos.

income that is derived from things other than your labor.

Heavens no!" said rich dad. "The government always takes its share first.

More money seldom solves someone's money problems. Intelligence solves problems.

I simply let the idea of investing in real estate for passive income rattle around in my brain for years before I bought my first property.

Financial struggle is often the result of people working all their lives for someone else.

There is gold everywhere. Most people are not trained to see it." "Without a strong reason or purpose, anything in life is hard." "Financially, with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor, or middle class.

Do you understand the difference in thinking?

Money only accentuates the cash-flow pattern running in your head. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending. Thus, the saying, "A fool and his money is one big party.

1.?Businesses that do not require his presence: He owns them, but they are managed or run by other people. If he has to work there, it's not a business. It becomes his job. 2.?Stocks 3.?Bonds 4.?Income-generating real estate 5.?Notes (IOUs) 6.?Royalties from intellectual property such as music, scripts, and patents

tax-lien certificates

Yes," said rich dad. "Some people say I exploit people because I don't pay as much as the sugar plantation or the government. I say the people exploit themselves. It's their fear, not mine.

You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

The rich don't work for money.

Financially successful people aren't scared of losing money. They invest in assets even if they might lose money.

The more we knew about the power of money, the more distant we grew from the teachers and our classmates.

having the guts to go against the tide and get rich.

Greed is when you get overly excited about your paycheck and spend them in a minute.