Quotes About Investment

which bought me 90 days to raise the rest of the money.

The 16 Percent Solution by Joel Moskowitz.

The rich know that savings are only used to create more money, not to pay bills.

wealth measures how much money your money is making and, therefore, your financial survivability.

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.

What kind of income do I want for my tomorrows?

the better chance you have of becoming rich quicker.

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

mortgage interest is a tax deduction.

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.

Section 1031 of the Internal Revenue Code which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. Real estate is one investment vehicle that has a great tax advantage. As long as you keep trading up in value, you will not be taxed on the gains until you liquidate.

The reason is the same reason many people don't start their own businesses. It can be summed up in one word: risk.

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

It's like planting a tree. You water it for years, and then one day it doesn't need you anymore. Its roots are implanted deep enough. Then the tree provides shade for your enjoyment. Mike

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.

Los pobres y la clase media trabajan para obtener dinero. Los ricos hacen que el dinero trabaje para ellos.

the investor has only lost on paper, but not in reality.

Los ricos se enfocan en sus columnas de activos, mientras toda la demás gente se concentra en sus estados financieros.

Invertir no significa comprar, tiene que ver en realidad con tener conocimiento.

Today, people still challenge me on the idea of a house not being an asset.