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subject of money is taught at home, not in school.
“My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make.”
“Taxes punish those who produce and reward those who don’t produce.”
One dad taught me how to write an impressive resumé so I could find a good job. The other taught me how to write strong business and financial plans so I could create jobs.
Broke is temporary. Poor is eternal.”
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.
“You’re only poor if you give up.
“A nice car and a nice house don’t necessarily mean you’re rich or you know how to make money,”
If you can’t make up your mind decisively, then you’ll never learn to make money anyway.
life does not talk to you. It just sort of pushes you around. Each push is life saying,
If you think I’m the problem, then you have to change me. If you realize that you’re the problem, then you can change yourself, learn something, and grow wiser. Most people want everyone else in the world to change but themselves.
lesson number one: The poor and the middle class work for money. The rich have money work for them.
true learning takes energy, passion, and a burning desire. Anger is a big part of that formula, for passion is anger and love combined. When it comes to money, most people want to play it safe and feel secure. So passion does not direct them. Fear does.”
every person has a weak and needy part of their soul that can be bought, and he knew that every individual also had a part of their soul that was resilient and could never be bought. It was only a question of which one was stronger.
People’s lives are forever controlled by two emotions: fear and greed.
First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy.
People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.”
“How you’re feeling,” rich dad said. “You don’t have to say it to anyone else. Just admit it to yourself.”
“Instead of admitting the truth about how they feel, they react to their feelings and fail to think.
So many people say, “Oh, I’m not interested in money.” Yet they’ll work at a job for eight hours a day.
Be truthful about your emotions and use your mind and emotions in your favor,
Just be an observer, not a reactor, to your emotions. Most people do not know that it’s their emotions that are doing the thinking. Your emotions are your emotions, but you have got to learn to do your own thinking.”
“By not giving in to your emotions, you were able to delay your reactions and think. That is important.
“Fear pushes you out the door, and desire calls to you. That’s the trap.”
History proves that great civilizations collapse when the gap between the haves and have-nots is too great.
it’s not how much money you make. It’s how much you keep, and how many generations you keep it.
“If you want to be rich, you need to be financially literate.”
If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundation. If you are going to build a home in the suburbs, all you need to do is pour a six-inch slab of concrete. Most people, in their drive to get rich, are trying to build an Empire State Building on a six-inch slab.
An asset puts money in my pocket. A liability takes money out of my pocket.
If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending.
professional success is no longer solely linked to academic success,
More money seldom solves someone’s money problems. Intelligence solves problems.
“An intelligent person hires people who are more intelligent than he is.”
The more we knew about the power of money, the more distant we grew from the teachers and our classmates.
when it comes to money, high emotions tend to lower financial intelligence.
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.
The rich focus on their asset columns while everyone else focuses on their income statements.
To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column.
Life is sometimes tough when you do not fit the standard profile.
Keep expenses low, reduce liabilities, and diligently build a base of solid assets.
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.
rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.
Real estate is one investment vehicle that has a great tax advantage. As long as you keep trading up in value, you will not be taxed on the gains until you liquidate.
“Be smart and you won’t be pushed around as much.”
My money was working hard to make more money.
A corporation earns, spends everything it can, and is taxed on anything that is left. It’s one of the biggest legal tax loopholes that the rich use.
wealthy person actually owns nothing. They control everything, but own nothing.
Often in the real world, it’s not the smart who get ahead, but the bold.
We all have tremendous potential, and we all are blessed with gifts. Yet the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence.
something more than just grades is required. I have heard it called many things; guts, chutzpah, balls, audacity,
