Quotes About Income

You mean most workers don't get paid everything?" I asked with amazement. "Heavens no!" said rich dad. "The government always takes its share first." "How do they do that?" I asked. "Taxes," said rich dad. "You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die.

So many people say, "Oh, I'm not interested in money." Yet they'll work at a job for eight hours a day.

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

Because it was the income he had to work the least for, it is often the least taxed

While most people do retire on portfolio income

To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. As stated earlier, the number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.

The reason the middle class is so heavily taxed is because of the Robin Hood ideal.

It's the middle class, especially the educated upper-income middle class, who pays for the poor.

the poor and middle class invest in mutual funds and the rich invest in hedge funds.

In 1913, an income tax became permanent in the United States with the adoption of the 16th Amendment to the U.S. Constitution.

When you get a raise, so does the government.

Other people pay for my liabilities. They're called tenants.

Average Americans today work four to five months for the government just to cover their taxes. In my opinion, that is simply too long. The harder you work, the more you pay the government. That is why I believe that the idea of "take-from-the-rich" backfired on the very people who voted it in.

The rich know that savings are only used to create more money, not to pay bills. I

This is the cash-flow pattern of a poor person: This is the cash-flow pattern of a person in the middle class:

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.

This is the cash-flow pattern of a rich person:

So that's why the 10 cents an hour," I said, smiling. "It's a part of the lesson." "That's right," smiled rich dad. "You see, your dad went to school and got an excellent education, so he could get a high-paying job. But he still has money problems because he never learned anything about money

Un activo pone dinero en mi bolsillo. Un pasivo saca dinero de él.

assets put money in your pocket.

Their families have often become very wealthy through the deferral of the taxes on these assets they donate, and do not need the asset that made them rich anymore.

Cash flow tells the story of how a person handles money.

Éste es el mayor problema de tener un empleo, que no es un activo. No lo puedes vender en eBay, no lo puedes rentar ni recibir dividendos por él. Entonces, ¿para qué pasar décadas, los mejores años de tu vida, trabajando para construir algo que no es un activo? O, para describirlo con mayor precisión, ¿para construir el activo de alguien más y no el tuyo?

One reason to start your own business is that you can spend first and then be taxed on the balance left over.