Ninety percent of all millionaires become so through owning real estate.
Interpretation
Owning real estate is a key factor in achieving significant wealth.
This quote by Andrew Carnegie emphasizes the importance of real estate ownership in wealth accumulation. It suggests that a substantial majority of millionaires attribute their financial success to investments in property, highlighting real estate as a powerful avenue for building wealth over time.
In practice
In a financial seminar discussing wealth-building strategies.
Give me the life of the boy whose mother is nurse, seamstress, washerwoman, cook, teacher, angel, and saint, all in one, and whose father is guide, exemplar, and friend. No servants to come between. These are the boys who are born to the best fortune.
To kill a man will be considered as disgusting [in the twentieth century] as we in this day consider it disgusting to eat one.
It is not the rich man's son that the young struggler for advancement has to fear in the race for life, nor his nephew, nor his cousin. Let him look out for the dark horse in the boy who begins by sweeping out the office.
You are what you think. So just think big, believe big, act big, work big, give big, forgive big, laugh big, love big and live big.
Speculation is a parasite feeding upon values, creating none.
Don't be content with doing only your duty. Do more than your duty. It's the horse that finishes a neck ahead that wins the race.
Exceptional people convert life's setbacks into future successes.
The ability to concentrate and to use time well is everything.
I've had enough success for two lifetimes, My success is talent put together with hard work and luck.
Work while you have the light. You are responsible for the talent that has been entrusted to you.
I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.
I have a freedom that's incredibly valuable. Obviously my freedom is far smaller in scale than people like Zemeckis and Spielberg have here. But it's comparable. I can dream up a project, develop it, make it, control it, release it.
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