Quotes About Finance

si inviertes en activos en papel, la deuda y los impuestos te empobrecen. Pero si inviertes de manera profesional en bienes raíces, estos mismos elementos pueden volverte rico.

Your most expensive advice is the free advice you receive from your financially struggling friends and relatives.

tienes que saber la diferencia entre un cheque de nómina y el flujo de efectivo porque, en lo que se refiere a la educación, son conceptos opuestos.

La educación financiera te enseña a adquirir activos que generan flujo de efectivo.

En el ámbito del dinero hay dos tipos de deudas: 1. La deuda buena 2. La deuda mala Dicho de manera sencilla, la deuda buena te vuelve más rico, y la mala te empobrece.

Modern developments have eased the intensity of the ancient struggle between creditors and debtors. Stock markets and limited liability have provided an alternative to bank borrowing for raising capital, and the penalties for default have been progressively relaxed. We no longer demand labour services of defaulting debtors, or send them to prison. Debt-bondage is a shadow of its old self.

notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their depositors' money, they became highly leveraged speculators in the newly developed securities

He had no doubt that fluctuations in business activity could be prevented by appropriate monetary policy.

Money is just an idea.

Accounting is possibly the most confusing, boring subject in the world, but if you want to be rich long-term, it could be the most important subject.

It's not how much money you make. It's how much money you keep.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

How can I afford it?" opened up the brain and forced it to think and search for answers.

Rich people acquire assets. The poor and the middle class acquire liabilities that they think are assets.

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

A corporation can do many things that an employee cannot, like pay expenses before paying taxes. That is a whole area of expertise that is very exciting. Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

A job is only a short-term solution to a long-term problem.

Poor people have poor habits.

He said it was better to work years at creating an asset rather than to spend your life working hard for money to create someone else's asset.

The person becomes attached to the vehicle and then fails to see all the other investment vehicles and procedures available.

It's not about income, it's about assets that generate income.

The sophisticated investor's first question is: "How fast do I get my money back?

Whatever your reality is about money inside of you is the reality of money outside of you. You cannot change your outside reality until you first change your inside reality about money.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. This is really all you need to know.