Quotes About Finance

It is not real estate, gold, stocks, hard work, or money that makes you rich; it is what you know about real estate, gold, stocks, hard work, and money that makes you rich. Ultimately, it is your financial intelligence that makes you rich.

Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.

There are legal Ponzi schemes and illegal Ponzi schemes. Social Security is a legal Ponzi scheme, as is the stock market.

financial intelligence is a synergy of accounting, investing, marketing, and law. Combine those four technical skills and making money with money is easier than most people would believe. When it comes to money, the only skill most people know is to work hard.

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.

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

The lesson: The increases in income are going to entrepreneurs and investors, not to employees—not to the people who work for money.

Financially, with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor, or middle class.

Money is only an idea. If you want more money, simply change your thinking.

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.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

In the early 1990s, Donald Trump was nearly $1 billion in debt personally and $9 billion in debt corporately. An interviewer asked him if he was worried. He replied, Worrying is a waste of time. Worrying gets in my way of working to solve these problems.

I just could not pass up these small deals.

She also kept the books, logging in how many kids showed up each day, who they were, and any comments they might have. Mike and I averaged $ 9.50 per week over a three-month period. We paid his sister one dollar a week and allowed her to read the comics for free, which she rarely did since she was always studying.

My income is higher because I use the leverage of assets rather than the leverage of my labor.

I don't like consumer debt. I actually have liabilities that are higher than 99 percent of the population, but I don't pay for them. Other people pay for my liabilities. They're called tenants.

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

His profession is accounting, but his business is real estate.

We bought it out of foreclosure from a bank.

By the time the government gets a chance to tax that income, it's been spent on legally allowed pre-tax expenses.

most people act on impulse, hot tips

The five main reasons financially literate people may still not develop abundant cash flow are: 1) fear, 2) cynicism, 3) laziness, 4) bad habits, and 5) arrogance.

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.

I am not saying don't buy a house. What I am saying is that 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.