Quotes About Expenses

A corporation is merely a legal document that creates a legal body without a soul. Using it, the wealth of the rich was once again protected. It was popular because the income-tax rate of a corporation is less than the individual income-tax rates. In addition, certain expenses could be paid by a corporation with pre-tax dollars.

As soon as the owner moved, my friend put the house up for rent. After all expenses were paid, including the mortgage, he put about $125 in his pocket each month.

If a young couple would put more money into their asset column early on, their later years would be easier. Their assets would have grown and would be available to help cover expenses. All too often, a house only serves as a vehicle for incurring a home-equity loan to pay for mounting expenses.

Why the Middle Class Struggle The middle class finds itself in a constant state of financial struggle. Their primary income is through their salary. As their wages increase, so do their taxes. Their expenses tend to increase in proportion to their salary increase: hence, the phrase "the Rat Race." They treat their home as their primary asset, instead of investing in income-producing assets.

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.

A bigger home meant bigger expenses

so the increase put a strain on their budget.

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

Mantén los pasivos y los gastos al mínimo para que tu dinero esté disponible y puedas seguir vertiendo activos en la columna correspondiente.

For example, by owning your own corporation, your vacations can be board meetings in Hawaii. Car payments, insurance, repairs, and health-club memberships are company expenses.

The rich buy assets. •?The poor only have expenses.

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

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

A business owner can pay for those things with before-tax dollars while an employee pays for them with after-tax dollars.

your car can be far more expensive than your boss's car, even though your car costs less.

Keep expenses low, reduce liabilities, and diligently build a base of solid assets.

Once your passive and portfolio income exceed your expenses, the ratio would be one or higher, and you would be out of the Rat Race.

the income-tax rate of a corporation is less than the individual income-tax rates. In addition, certain expenses could be paid by a corporation with pre-tax dollars.

ADDER, n. A species of snake. So called from its habit of adding funeral outlays to the other expenses of living.

the high cost of living isnt so bad if you dont have to pay for it

I discovered, for the first time but not the last, that politicians don't care too much what things cost. It's not their money.

Can you get this coffee on expenses?" "I can," said Flora, looking down at the Harbor's Rest's offering in disgust. "I don't think I will, though. Out of respect to the concept of coffee.

Everything has its drawbacks, as the man said when his mother-in-law died, and they came down upon him for the funeral expenses.

Mr. Leon S. Utter, a former dean of the San Francisco College of Mortuary Science, has written, "Your selling plan should go into operation as soon as the telephone rings and you are requested to serve a bereaved family.… Never preconceive as to what any family will purchase. You cannot possibly measure the intensity of their emotions, undisclosed insurance, or funds that may have been set aside for funeral expenses.