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When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.
Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.
Money has a language of its own.
Our global economy is much more fragile than many of us realize.
In business, success often depends upon the relative age of your ideas.
Most employees only want to know how much they get paid and how much time off they get - they probably don't have the mission in their souls.
Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
'Credit' is another word for trustworthiness.
Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
Although I don't like the way the Chinese do business, I continue to do business in China. I have to. They're the next world power.
A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash.
In 1997, in Rich Dad, Poor Dad, I stated, 'Your home is not an asset.' Real estate agents sent me hate mail.
I do not live on false promises. I cannot afford to live on bad advice.
I'm a real estate guy.
My measure of success is whether I'm fulfilling my mission.
Any time an investment company has to spend heavily on advertising, it's probably a bad business in which to invest.
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
In my experience, many people confuse being cowardly with being nice.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
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