Quotes About Finance

It is not gambling if you know what you're doing. It is gambling if you're just throwing money into a deal and praying.

The reason the rich pay less in taxes goes back to rich dad's lesson number one: "The rich don't work for money." As long as a person works for money, they will pay taxes.

ROI: Return on investment

too often, when it comes to the subject of money, common sense is uncommon.

they do not know how to use debt in their favor.

La ignorancia respecto al dinero provoca codicia y miedo"

Rule No. 1, Robert says, is that you must know the difference between an asset and a liability, and only buy assets.

1031: Jargon for Section 1031 of the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate.

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

It's not how much you make but how much you keep—and how many generations you keep it.

These are the people who most often say, "Investing is risky." For them, it is risky, but not because investing is risky. It is their lack of knowledge and formal financial training that makes investing risky.

using a short is pretty safe in a down-trending market, and much more risky in an up-trending or sideways-moving market.

When a person shorts a stock, they receive money for selling something they do not own. So it really does not take money to make money.

The rich buy assets. •?The poor only have expenses.

If money is not first in your head, it won't stick to your hands.

The middle class buy liabilities they think are assets.

When I said to my broker, "Write a naked put option," I was saying, "I want to sell options on stock I do not own.

I want money, so I give money, and it comes back in multiples.

The poor and middle class work for money

It is trained well, it can create enormous wealth seemingly instantaneously. An untrained mind can also create extreme poverty that can crush a family for generations.

In the vocabulary of options traders, writing means selling.

writing means selling in the world of insurance and in the world of options.

Have never met anyone who really likes losing money. And in all my years, I have never met a rich person who has never lost money.

The fear of losing money is real. Everyone has