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.
Stealing bases was put to me almost as a prerequisite for staying in the game. They didn't give me a handbook on how to do it; they said do it. Under those conditions you go out and develop your own handbook.
The worst part of success is, to me, adapting to it. It's scary.
We worked personally with a lot of great VCs. They just work incredibly hard at supporting entrepreneurs and their companies.
People ask how can a Jewish kid from the Bronx do preppy clothes? Does it have to do with class and money? It has to do with dreams.
The story of practically every great fortune starts with the day when a creator of ideas and a seller of ideas got together and worked in harmony.
The people I coach are very successful people, so it's very hard for winners to not constantly win. Even if it's trivial and not worth it, we still want to win - because we love winning. It's a very deep habit.
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