Quotes About Income

The more emotionally attached he got to his job and to a paycheck to pay the bills, the more he encouraged his kids to "get a safe, secure job.

Once a dollar goes into it, never let it come out. Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations.

My rich dad was different. He made more and more money but paid less in taxes. He also had bankers and accountants, but he wasn't getting the same advice my highly educated dad was getting.

Smart investors understand taxes before investing.

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 reinvestment process continues, I am well on my way to becoming rich.

Ahora ocúpate de tu propio negocio. No renuncies a tu empleo pero comienza a comprar activos.

income that is derived from things other than your labor.

Heavens no!" said rich dad. "The government always takes its share first.

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

You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

Los pobres y la clase media trabajan para obtener dinero. Los ricos hacen que el dinero trabaje para ellos.

The reason the middle class is so heavily taxed is because of the Robin Hood ideal. The reality is that the rich are not taxed. It's the middle class, especially the educated upper-income middle class, who pays for the poor.

Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations. Keep your day job, be a great hardworking employee, but keep building that asset column.

the biggest losers are the poor and middle class, the people who work for money and save money.

I am constantly shocked at how little talented people earn.

They treat their home as their primary asset, instead of investing in income-producing assets.

An asset puts money in my pocket. A liability takes

Rich Dad's Financial Statement: Income > Expense Asset > Liability

The old-money people, the long-term rich, build their asset column first. Then the income generated from the asset column buys their luxuries. The poor and middle class buy luxuries with their own sweat, blood, and children's inheritance.

The middle class finds itself in a constant state of financial struggle.

Their primary income is through their salary.

Unless you're getting passive income from your house, it is a liability and not an asset.

Their expenses tend to increase in proportion to their salary increase:

The rich have money work for them.