Quotes About Ownership

You must know the difference between an asset and a liability, and buy assets.

Mind your business. Don't spend your whole life working for someone else.

Business owners can go on vacation forever because they own a system, not a job. If the B is on vacation, the money still comes in.

Your first step in taking responsibility is to quit blaming others and quit blaming the world.

By starting our own business, the comic-book library, we were in control of our own finances, not dependent on an employer. The best part was that our business generated money for us, even when we weren't physically there. Our money worked for us. Instead of paying us money, rich dad had given us so much more.

I don't like consumer debt. I actually have liabilities that are higher than 99 percent of the population, but I don't pay for them. Other people pay for my liabilities. They're called tenants.

We bought it out of foreclosure from a bank.

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.

Rich people acquire assets. The poor and middle class acquire liabilities

Rule #1: You must know the difference between an asset and a liability, and buy assets.

To be successful as a B requires: 1.? Ownership or control of systems, and 2.? The ability to lead people.

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

1.? Ownership or control of systems, and 2.? The ability to lead people.

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

Real estate gives the investor much more hands-on control over their assets.

Workers work hard enough to not be red, and owners pay just enough so that workers won't quit.

When people are lame, they love to blame.

victims are often victims of themselves.

The owner wanted $102,000, but we offered only $79,000. He took it immediately and agreed to carry back the loan with a 10 percent down payment.

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.

Today, McDonald's is the largest single owner of real estate in the world, owning even more than the Catholic church. McDonald's owns some of the most valuable intersections and street corners in America and around the globe.

My house is a liability, and if your house is your largest investment, you're in trouble.

they decide to buy the house of their dreams.

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.