Quotes About Finance

Invertir no significa comprar, tiene que ver en realidad con tener conocimiento.

Today, people still challenge me on the idea of a house not being an asset.

so the increase put a strain on their budget.

He'd always say, "If you want to get rich, you need to learn how to take risks. Learn to be an investor.

They treat their home as their primary asset, instead of investing in income-producing assets.

your money is tied up in your house

Often I ask people, "What is your business?" And they will say, "Oh, I'm a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business

This costs them investment experience.

A broker is my eyes and ears in the market. They're there every day so I do not have to be.

An asset puts money in my pocket. A liability takes

And the best investments are usually first sold to sophisticated investors, who then turn around and sell them to the people playing it safe.

The loss on the stock has been recaptured with a gain in the put.

Rich Dad's Financial Statement: Income > Expense Asset > Liability

People who don't take advantage of these legal tax savings are missing a great opportunity to build their asset columns.

Unless you're getting passive income from your house, it is a liability and not an asset.

Their expenses tend to increase in proportion to their salary increase:

Find a broker who has your best interests at heart.

The sophisticated investor could exercise her put, or right to sell 100 shares at $50 per share, and receive $5,000. If she chooses, she could then go to the market and buy 100 shares at $40 a share for $4,000. The net result is, she has her 100 shares of stock and an extra $900 ($1,000 less the cost of the put).

The rich have money work for them.

The main management skills needed for success are: 1.?Management of cash flow 2.?Management of systems 3.?Management of people

If you are willing to invest, the tax laws will work in your favor. If you want to just spend money and buy liabilities, the tax law won't give you any breaks—and it's likely you will pay the most tax possible.

There are sophisticated investors who never buy or sell stocks. They trade only in options.

cannot pay out what is owed to retirees.

Investing involves risk (something that's inevitable and can only be controlled not extinguished). Being financially uneducated is risky.