Quotes About Finance

Si se reduce el número de espectadores, también se debe reducir el presupuesto. Ésa es la ley.

If a building is a historical building, the government may give you a tax credit, which is far better than a tax deduction, to improve your investment

It was the best opportunity to invest. The economy was terrible. I just could not pass up these small deals.

Orang kaya membangun aset, orang miskin dan kelas menengah membangun liabilitas. Aset memasukkan uang ke kantong saya. Liabilitas mengeluarkan uang dari kantong saya.

Most people would rather live within their means than expand their means.

If the price of a stock drops more than 10 percent, I will, more often than not, cut my losses and look for something new.

My rich dad's advice made much more sense. Soon the cash flow from my properties was so strong that my company bought me my first Porsche. My fellow Xerox salespeople thought I was spending my commissions. I wasn't. I was investing my commissions in assets.

the rent more than covers my monthly expenses so I have cash flow from my investment.

In the long run, it's not how much money you make. It's how much you keep, and how many generations you keep it.

So why should investing be any different?

Our overall philosophy is to plant seeds inside my asset column. That is my formula. We start small and plant seeds. Some grow; some don't.

a person is to be successful in the B or I quadrant, he or she needs to be aware of market forces and any changes in the law that affect those market forces.

If you take on risk and debt, make sure you get paid for it.

with money comes great power that requires the right knowledge to keep it and make it multiply.

hold on to your share of that abundance.

I think the reason most fail in the first five years is due to lack of experience and lack of capital. The reason the one survivor often fails in the second five years isn't due to lack of capital, but lack of energy.

For example, one dad had a habit of saying, "I can't afford it." The other dad forbade those words to be used. He insisted I ask, "How can I afford it?" One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think.

If you take on debt personally, make sure it's small. If you take on large debt, make sure someone else is paying for it.

Buying or building assets that deliver cash flow is putting your money to work for you.

On larger properties, the asset really is the property and its income stream, not the individual borrower's income stream.

In fact, if your investment is not over $5 million, it's hard to get anyone in the government to become interested in your property.

I offered the sellers what they were asking for, which was $35,000 down and they would carry the $300,000 at 8 percent interest for five years. It was such a great deal that I could not pass it up.

I'd rather be excited about making millions than worrying about not getting a raise.

Money is really made up. It is only because of the illusion of confidence and the ignorance of the masses that this house of cards stands. He talked