Quotes About Assets

Why not buy a property that makes you money every month and get a tax break every month.

there were other ways to finance a property rather than through the bank.

The rich don't work for money." As long as a person works for money, they will pay taxes.

Investing in mutual funds is investing at the end of the food chain.

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.

Passive income, in most cases, is income derived from real estate investments. Portfolio income is income derived from paper assets such as stocks and bonds. Portfolio income is the income that makes Bill Gates the richest man in the world, not earned income.

Es sólo que yo me pago primero a mí mismo. Incluso antes de pagarle al gobierno. Mi columna de activos es más importante que el gobierno.

Taxes are highest on earned income. The least-taxed income is passive income.

Robert urges those who own legitimate assets to find out more about corporations' benefits and protections. Garret Sutton's books are among many that can help.

When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

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.

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

wealth measures how much money your money is making and, therefore, your financial survivability.

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.

Once a dollar goes into it, never let it come out. Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations.

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.

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

income that is derived from things other than your labor.

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

The rich don't work for money.

Financially successful people aren't scared of losing money. They invest in assets even if they might lose money.

the investor has only lost on paper, but not in reality.

Los ricos se enfocan en sus columnas de activos, mientras toda la demás gente se concentra en sus estados financieros.