Quotes About Assets

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. Keep your day job, be a great hardworking employee, but keep building that asset column.

your money is tied up in your house

1.?Loss of time, during which other assets could have grown in value.

Acquire the type of assets you love, because you will take better care of them and enjoy learning about them.

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

The old-money people, the long-term rich, build their asset column first. Then the income generated from the asset column buys their luxuries. The poor and middle class buy luxuries with their own sweat, blood, and children's inheritance.

The rich have money work for them.

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.

poor and the middle class work for money. The rich have money work for them.

Investors make money with money. They do not have to work because their money is working for them.

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.

concentrate your efforts on buying income-generating assets.

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

In 1994, I retired. I was 47, and my wife Kim was 37. Retirement does not mean not working. For us, it means that, barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying ahead of inflation. Our assets are large enough to grow by themselves. It's like planting a tree. You water it for years, and then one day it doesn't need you anymore. Its roots are implanted deep enough. Then the tree provides shade for your enjoyment.

wise investors must look at more than ROI. They look at the assets they get for free once they get their money back.

ROI: Return on investment

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.

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.

Left-hemisphere moment: When assets generate enough income to cover luxuries, that's when you can buy them. Right-hemisphere moment: Think creatively about what your business is. It's not your profession. Subconscious moment: Acquire the type of assets you love, because you will take better care of them and enjoy learning about them.

The middle class buy liabilities they think are assets.

For example, when my wife Kim and I had extra money coming from our apartment houses, she went out and bought her Mercedes. It didn't take any extra work or risk on her part because the apartment house bought the car.