Quotes About Investment

Why should I bother developing my financial IQ?

In fact, if your investment is not over $5 million, it's hard to get anyone in the government to become interested in your property.

I offered the sellers what they were asking for, which was $35,000 down and they would carry the $300,000 at 8 percent interest for five years. It was such a great deal that I could not pass it up.

If you hate risk and worry, start early.

McDonald's is the largest single owner of real estate in the world, owning even more than the Catholic church.

Put a lot of your eggs in a few baskets and focus. Follow One Course Until Successful.

We spoke the words bankers wanted to hear. Our numbers were clear, and we included our track record with our five other properties.

understanding both our history and our future. 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. While

The poor and the middle class work for money. The rich have money work for them. On

Hawaii was just set to boom, and there were fortunes to be made.

Want to grow rich? Concentrate your efforts on buying income-producing assets—when you truly understand what an asset is. Keep liabilities and expenses low. You'll deepen your asset column.

That doesn't mean you can't ever buy a bigger house. But make sure to first buy assets that will generate the cash flow to pay for the house. When there are enough assets to generate more than enough income to cover expenses, the balance is reinvested into assets. Which grows the asset column on a balance sheet. Which produces more income. The result is that the rich who understand the difference between assets and liabilities, get richer.

Find a broker who has your best interests at heart. Many brokers will spend the time educating you, and they could be the best asset you find. Just be fair, and most of them will be fair to you. If all you can think about is cutting their commissions, then why should they want to help you? It's just simple logic.

When your assets generate enough income to cover your expenses, you are wealthy, even if you are not yet rich. Left

We had looked at hundreds of other properties before buying this particular 12-unit property, and we also had the cash flow from our business to support any unexpected losses from the investment.

inspiring. I wanted out of the employee trap so badly that I worked even harder so I could invest more.

When your assets generate enough income to cover your expenses, you are wealthy, even if you are not yet rich.

It can be done legally, but it is not usually done by the average investor.

It's financial literacy. It begins with the ability to understand the words and the number systems of capitalism. If you don't understand the words or the numbers, you might as well be speaking a foreign language. And, in many cases, each quadrant represents a foreign language.

Ask the seller to throw in a boat or pay your down payment for you. It becomes fun, once you learn the game.

So his solution to the phobia of losing money was this little rhyme: "If you hate risk and worry, start early." If you start young, it's easier to be rich.

Once a dollar goes into your asset column, it becomes your employee.

We learned to make money work for us. By not getting paid for our work at the store, we were forced to use our imaginations to identify an opportunity to make money.

had sold a house for $ 60,000 that cost me $ 20,000.