Quotes About Assets

and turn it into action.

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.

the poor and middle class invest in mutual funds and the rich invest in hedge funds.

bought a bigger house for the tax breaks that he never really got.

Robert holds a small portion of his assets in tax-lien certificates instead of CDs. Others tell him he shouldn't do this, but they're coming from a place of doubt. They've never done it, and they're telling someone who's doing it why they shouldn't. The lowest yield Robert looks for is 16 percent, but people who are filled with doubt are willing to accept a far lower return. Doubt is expensive.

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

Keep in mind that it's not the asset class that makes a person rich or poor. For example, when a person asks, Is real estate is a good investment? I reply, I don't know. Are you a good investor? Or if they ask, Are stocks a good investment? again my answer is the same, I don't know. Are you a good investor?

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

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

The rich created the corporation as a vehicle to limit their risk to the assets of each voyage.

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

assets put money in your pocket.

Their families have often become very wealthy through the deferral of the taxes on these assets they donate, and do not need the asset that made them rich anymore.

They have made enough money to acquire other assets. Again, it does pay to be generous.

Éste es el mayor problema de tener un empleo, que no es un activo. No lo puedes vender en eBay, no lo puedes rentar ni recibir dividendos por él. Entonces, ¿para qué pasar décadas, los mejores años de tu vida, trabajando para construir algo que no es un activo? O, para describirlo con mayor precisión, ¿para construir el activo de alguien más y no el tuyo?

The problem with "secure" investments is that they are often sanitized, that is, made so safe that the gains are less.

8.?Use assets to buy luxuries: the power of focus

Profits are made in the buying, not in the selling.

The key to becoming wealthy is the ability to convert earned income into passive income or portfolio income as quickly as possible.

The stock market is the only place I know of. What else is there to invest in?

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

Robert T. Kiyosaki

There are more mutual funds than there are companies that mutual funds invest in.

an investor buys to hold. A trader buys to sell.