Quotes About Finance

There is a tremendous difference between a broker who sells houses and a broker who sells investments

We spoke the words bankers wanted to hear. Our numbers were clear, and we included our track record with our five other properties.

understanding both our history and our future. After The Worldly Philosophers, I recommend reading The Creature from Jekyll Island by G. Edward Griffin, Paul Zane Pilzer's Unlimited Wealth, James Dale Davidson's The Sovereign Individual, Robert Preacher's The Crest of the Wave, and Harry Dent's The Great Depression Ahead. While

I have mentioned before that financial intelligence is a synergy of accounting, investing, marketing, and law.

She realized that her anger at doing the numbers—the income statement and balance sheet—came from her embarrassment about not understanding them.

Want to grow rich? Concentrate your efforts on buying income-producing assets—when you truly understand what an asset is. Keep liabilities and expenses low. You'll deepen your asset column.

Find a broker who has your best interests at heart. Many brokers will spend the time educating you, and they could be the best asset you find. Just be fair, and most of them will be fair to you. If all you can think about is cutting their commissions, then why should they want to help you? It's just simple logic.

We had looked at hundreds of other properties before buying this particular 12-unit property, and we also had the cash flow from our business to support any unexpected losses from the investment.

It can be done legally, but it is not usually done by the average investor.

Ask the seller to throw in a boat or pay your down payment for you. It becomes fun, once you learn the game.

So his solution to the phobia of losing money was this little rhyme: "If you hate risk and worry, start early." If you start young, it's easier to be rich.

Once a dollar goes into your asset column, it becomes your employee.

had sold a house for $ 60,000 that cost me $ 20,000.

once you become rich, getting richer is easier and becomes faster.

many financial advisors are not rich nor are they successful investors.

the subject of money is taught at home, not in school.

focus more on acquiring larger pieces of real estate with the help of government funding.

The financial sector grows, it undergoes a hypertrophy. It devours not just profits but talents; and its contribution to real productive activity and innovation is completely disproportional to its parasitic relation to the economy.

Cut back on your rent or cut back on what you spend on food but never worry about investing money in a good book.

stop eating out three times a week

As Keynes observed, there cannot be "liquidity" for the community as a whole.6

Markets can remain irrational longer than you can remain solvent.

The real culprit in 1994 was leverage. If you aren't in debt, you can't go broke and can't be made to sell, in which case "liquidity" is irrelevant. But a leveraged firm may be forced to sell, lest fast-accumulating losses put it out of business. Leverage always gives rise to this same brutal dynamic, and its dangers cannot be stressed

Finance is often poetically just; it punishes the reckless with special fervor.