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Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.
One of the most important things a real investor needs to say is this; “I want my money back and I also want to keep my investments.
Financial leverage is the advantage the rich have over the poor and middle class.
There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.
What you think is real is your reality.
People without leverage work for those with leverage.
When you hear that something can’t be done, ignore that advice and push forward.
You can always quit, so why quit now.
The most important word in the world of money is cash flow. The second most important word is leverage.
When employees unite, they form a union but when business owners unite, they form a team.
Leverage is the reason some people become rich and others do not become rich.
Money is not worth dying for. I know, because years ago, while nearly a million dollars in debt, suicide was an option. Rather than run, rich dad suggested I write down all the mistakes I made and then seek help. If I made accounting mistakes, I talked to an accountant. If there was a legal mistake, I talked to an attorney. That was my way out. That is how I got smarter.
The strength of character and emotional intelligence to face your failures and learn from them are at the core of success.
One of the primary reasons why people struggle financially is because they cannot control their emotion of fear.
Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.
Money will never make you happy if you are an unhappy person.
Most people struggle financially because they take advice from sales people, not rich people.
Nine out of ten businesses fail; so I came up with a foolproof plan - create ten businesses.
It is not how much you make that counts, but how much money you keep.
The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them.
The problem with tomorrow is that I have never seen a tomorrow. Tomorrow does not exist. Tomorrow only exist in the mind of dreamers and losers.
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