Quotes About Income

What Wilkinson and others have shown is that poverty is not only a predictor of poor health but, independent of absolute income, so is poverty amid plenty—the more income inequality there is in a society, the worse the health and mortality rates.

The poor and the middle class work for money. The rich have money work for them.

It's not how much money you make. It's how much money you keep.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

There is an old cliché that goes: "Job is an acronym for 'Just Over Broke.

When I ask the classes I teach, "How many of you can cook a better hamburger than McDonald's?" almost all the students raise their hands. I then ask, "So if most of you can cook a better hamburger, how come McDonald's makes more money than you?" The

A job is only a short-term solution to a long-term problem.

The key to financial freedom and great wealth is a person's ability to convert earned income into passive and/or portfolio income.

It's not about income, it's about assets that generate income.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. This is really all you need to know.

Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.

You must know the difference between an asset and a liability, and buy assets.

If you want more income, learn to sell.

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.

The lesson: The increases in income are going to entrepreneurs and investors, not to employees—not to the people who work for money.

Business owners can go on vacation forever because they own a system, not a job. If the B is on vacation, the money still comes in.

Financially, with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor, or middle class.

Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

Taxes punish those who produce and reward those who don't produce.

My income is higher because I use the leverage of assets rather than the leverage of my labor.

I don't like consumer debt. I actually have liabilities that are higher than 99 percent of the population, but I don't pay for them. Other people pay for my liabilities. They're called tenants.

My next goal would be to have the excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less than the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor. As this

The trouble with selling your labor for money is that there is only so much you can do.