Quotes About Liabilities

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

If you are willing to invest, the tax laws will work in your favor. If you want to just spend money and buy liabilities, the tax law won't give you any breaks—and it's likely you will pay the most tax possible.

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

they are loaded with liabilities and have no real assets that generate income.

Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

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

The middle class buy liabilities they think are assets.

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.

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

La gente rica adquiere activos. Los pobres y la clase media adquieren pasivos a los que consideran activos.

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

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

Bombieri's Law: of Finance: Profits are on paper, losses are in cash

Everyone has some kind of debt,' replied Eithné. 'Such is life, Maria Barring. Debts and liabilities, obligations, gratitude, payments… Doing something for someone. Or perhaps for ourselves? For in fact we are always paying ourselves back and not someone else. Each time we are indebted we pay off the debt to ourselves. In each of us lies a creditor and a debtor at once and the art is for the reckoning to tally inside us.

Orang kaya membangun aset, orang miskin dan kelas menengah membangun liabilitas. Aset memasukkan uang ke kantong saya. Liabilitas mengeluarkan uang dari kantong saya.

Want to grow rich? Concentrate your efforts on buying income-producing assets—when you truly understand what an asset is. Keep liabilities and expenses low. You'll deepen your asset column.

That doesn't mean you can't ever buy a bigger house. But make sure to first buy assets that will generate the cash flow to pay for the house. When there are enough assets to generate more than enough income to cover expenses, the balance is reinvested into assets. Which grows the asset column on a balance sheet. Which produces more income. The result is that the rich who understand the difference between assets and liabilities, get richer.

In 2001, Texaco was bought by Chevron, and during deliberations concerning that sale, an 800 page document listing the problems and liabilities connected to Texaco was brought forward at their stockholder meeting by Amazon Watch, a non-profit dedicated to protecting the Amazon.

We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.

Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.

We've become a debtor nation. I don't mean just on fixed-loan terms, but we own increasingly less abroad than is owned from abroad here.

Heaven is going to be like this life, only better. It will be like this life with all its joys and beauties and pleasures, but without the drawbacks - with all the assets but none of the liabilities.

accurate balance sheet, which I do about once a year.

pessimists see people as liabilities to manage, as burdens or threats that we must minimize.