Quotes About Income

By the time the government gets a chance to tax that income, it's been spent on legally allowed pre-tax expenses.

and that income can be passed on for generations to come.

I am not saying don't buy a house. What I am saying is that you should understand the difference between an asset and a liability. When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

The reason I minimize my income is because I don't want to pay it to the government. That is why my income comes from my asset column, through a Nevada corporation. If I work for money, the government takes it.

You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die.

In the Information Age, the people who work the hardest physically will be paid the least. It is already true today and has been true throughout history.

an asset that gives him very little cash flow and will appreciate very slowly in value, if it ever does.

assets put money in your pocket." Nice

1.?Businesses that do not require his presence: He owns them, but they are managed or run by other people. If he has to work there, it's not a business. It becomes his job. 2.?Stocks 3.?Bonds 4.?Income-generating real estate 5.?Notes (IOUs) 6.?Royalties from intellectual property such as music, scripts, and patents 7.?Anything else that has value, produces income or appreciates, and has a ready market

My rich dad did not see Robin Hood as a hero. He called Robin Hood a crook.

Kim and I own several thousand cash-flowing apartment properties, commercial properties, a luxury hotel, a boutique hotel, five golf courses, and oil wells. Every year we add more assets like those to our financial statement and pay less in taxes.

Many losers bet only on sure things such as job security, a steady paycheck, a guaranteed pension, and interest from a bank account.

Business Owners with Corporations Employees Who Work for Corporations 1. Earn 1. Earn 2. Spend 2. Pay Taxes 3. Pay Taxes 3. Spend

The people who must get paid first ultimately get paid the least.

Tax laws encourage the rich to invest in real estate.

El dinero sólo reafirma el modelo de flujo de efectivo que ha concebido tu mente. Si tu patrón consiste en gastar todo lo que ganas, lo más probable es que, al tener más dinero, incrementes la cantidad que gastas. Recuerda el dicho: "Dinero que volando vino, se va por igual camino.

The income from real estate is passive income, the least taxed of all incomes.

More money will not solve the problem if cash-flow management is the problem.

One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, "Taxes punish those who produce and reward those who don't produce.

Even though people receive a tax deduction for interest on mortgage payments, they pay for all their other expenses with after-tax dollars, even after they pay off their mortgage.

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

Un buen administrador me permite comprar más bienes raíces porque no tengo que ocuparme de reparar los inodoros.

I hold a small portion of my assets in tax-lien certificates instead of CDs. I earn 16 percent per year on my money

La parte superior del diagrama es un "estado financiero", al que a menudo también se le denomina "estado de pérdidas y ganancias". En él se miden el ingreso y el gasto: el dinero que entra y el que sale. La parte inferior del diagrama corresponde a un "balance general".