Quotes About Ownership

They were looking to climb the corporate ladder, whereas I wanted to build and own corporate ladders.

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

Financial struggle is often the result of people working all their lives for someone else.

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

tax-lien certificates

Algunas personas dicen que exploto a la gente porque no le pago tanto como la plantación de azúcar o el gobierno. Lo que yo digo es que la gente se explota a sí misma. Es su miedo el que acepta esa situación, no el mío.

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

your money is tied up in your house

Often I ask people, "What is your business?" And they will say, "Oh, I'm a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business

Why climb the ladder? Why not own the ladder?

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

The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else's business and making that person rich.

When someone shorts a stock, that literally means they are selling something they do not own.

McDonald's fame, sold hamburger franchises, not because he loved hamburgers, but because he wanted the real estate under the franchise for free.

Businesses that do not require my presence I own them, but they are managed or run by other people. If I have to work there, it's not a business. It becomes my job. • Stocks • Bonds • Income-generating real estate • Notes (IOUs) • Royalties from intellectual property such as music, scripts, and patents • Anything else that has value, produces income or appreciates, and has a ready market

then blame them for the problems we had as an organization.

Although net worth often includes non-cash-producing assets, like stuff you bought that now sits in your garage, wealth measures how much money your money is making and, therefore, your financial survivability.

Rule No. 1, Robert says, is that you must know the difference between an asset and a liability, and only buy assets.

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.

I collect real estate simply because I love buildings and land. I love shopping for them, and I could look at them all day long. When problems arise, the problems aren't so bad that it changes my love for real estate. For people who hate real estate, they shouldn't buy it.

Rich Dad Lesson: "Your house is not an asset.

The previous chapter presented diagrams illustrating that most people work for everyone but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.

My highly educated dad always encouraged me to land a good job with a strong corporation. He spoke of the virtues of "working your way up the corporate ladder." He didn't understand that, by relying solely on a paycheck from a corporate employer, I would be a docile cow ready for milking. When I told my rich dad of my father's advice, he only chuckled. "Why not own the ladder?" was all he said.

I used the term naked in front of put option because I did not own the stock.