More on this book
Community
Kindle Notes & Highlights
Baby Step Seven: Build Wealth
Money is good for FUN. Money is good to INVEST. And money is good to GIVE.
Never fear; if you have quality investments with long-term track records, they will come back.
keep your investing very simple. You can clutter your life with a bunch of unnecessary stress by getting into extremely complex investments. I use simple mutual funds and debt-free real estate as my investment mix—very clean, simple investments with some basic tax advantages.
A good estate-planning attorney, a CPA or tax expert, an insurance pro, an investment pro, and a good Realtor are a few of the essential team members you should gather around you.
When your money makes more than you do, you are officially wealthy.
GIVE it away. Giving is possibly the most fun you will ever have with money. FUN is good, but you will tire of golf and travel, and if you eat enough, lobster starts tasting like soap.
Only the strong can help the weak, and that is true of money too.
The givers often report having more fun than the receivers.
He gave because it is the most fun he can possibly have with money, and you will never know until you try.
There are only three uses for money: FUN, INVESTING, and GIVING. You cannot claim Total Money Makeover status until you do all three.
we are tough on them because one day they will inherit our wealth, and that wealth will either ruin their lives or become a tool for great good.
Tens of thousands of ordinary people just like you and me have become debt-free and even wealthy using this plan.
