Quotes About Finance

The reason I minimize my income is because I don't want to pay it to the government. That is why my income comes from my asset column, through a Nevada corporation. If I work for money, the government takes it.

So we become rich by becoming partners with the government?

I will move my money in for a week to a month while the stock moves up. Then I pull my initial dollar amount out, and stop worrying about the fluctuations of the market, because my initial money is back and ready to work on another asset. So my money goes in, and then it comes out, and I own an asset that was technically free.

portafolio de inversiones

Rich people acquire assets. The poor and middle class acquire liabilities

You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die.

Rule #1: You must know the difference between an asset and a liability, and buy assets.

How fast do I get my money back?

an asset that gives him very little cash flow and will appreciate very slowly in value, if it ever does.

Simple math and common sense are all you need to do well financially. There

For most people, the reason they don't win financially is because the pain of losing money is far greater than the joy of being rich.

assets put money in your pocket." Nice

it is not the investment that is risky. It is the investor who doesn't have the adequate skills that makes the investment a higher risk.

Most people fail to realize that in life, it's not how much money you make. It's how much money you keep.

It took the market approximately 25 years to recover to 1929 levels in the year 1955.

we used the power of leverage, we did not abuse the power, nor do we live in fear of its power.

After retiring, our plan was to spend time investing and building businesses.

My capital gains of approximately $40,000 were placed into a 1031 tax-deferred exchange

Financially intelligent people think in terms of risk and reward.

Kim and I own several thousand cash-flowing apartment properties, commercial properties, a luxury hotel, a boutique hotel, five golf courses, and oil wells. Every year we add more assets like those to our financial statement and pay less in taxes.

Rule number one in paying yourself first is: Don't get into consumer debt in the rst place.

if you believe in Medicare saving you

financially intelligent people weigh the risks and they weigh the rewards.

our wealth grows automatically, staying ahead of inflation.