Quotes About Finance

People who need a paycheck are slaves to money.

Again, it's what you know more than what you buy. Investing is not buying. It's more a case of knowing.

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

Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business.

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.

My rich dad was different. He made more and more money but paid less in taxes. He also had bankers and accountants, but he wasn't getting the same advice my highly educated dad was getting.

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.

came to realize that financial IQ is 90 percent emotional IQ and only 10 percent technical information about finance or money.

Smart investors understand taxes before investing.

income that is derived from things other than your labor.

Heavens no!" said rich dad. "The government always takes its share first.

More money seldom solves someone's money problems. Intelligence solves problems.

I simply let the idea of investing in real estate for passive income rattle around in my brain for years before I bought my first property.

Today most of us know that job security is a thing of the past

tax-lien certificates

When the trend of the market is down, the sophisticated investor will use put options not only to make money, but also to protect the value of her stock in case prices begin to fall.

You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

For the World War II generation, it was considered bad to skip from company to company. Today, it is considered smart. It enables you to learn more and will pay dividends in the long runs. The main management skills needed for success are: 1) Management of cash flow, 2) Management of systems, and 3) Management of people. And the most important specialized skills are sales and marketing. Communication skills such as writing, speaking, and negotiating are crucial to a life of success.

The difference between a gambler and an investor is simple. For a gambler, investing is a game of chance. For an investor, investing is a game of skill.

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.

A bigger home meant bigger expenses