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Few people realize that luck is created, just as money is.
The more real you think money is, the harder you will work for it. If you can grasp the idea that money is not real, you will grow richer faster.”
I offered $275,000 for a $450,000 building.
how a small amount can grow into a large amount. Again, it is a matter of understanding financial statements, investment strategies, a sense of the market, and the laws.
The problem with “secure” investments is that they are often sanitized, that is, made so safe that the gains are less.
The really hot deals are not offered to people who are novices. Often, the best deals that make the rich even richer are reserved for those who understand the game.
It is not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying.
So whenever I hear someone say, “You can’t do that here,” pointing at me, I remind them that maybe the real statement is, “I don’t know how to do that here—yet.”
Great opportunities are not seen with your eyes. They are seen with your mind.
Most people never get wealthy simply because they are not trained financially to recognize opportun...
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a majority of people let their lack of money stop them from making a deal. If you can avoid that obstacle, you will be millions ahead of those who don’t learn those skills.
Investing is not buying. It’s more a case of knowing.
Intelligent people are those who work with or hire a person who is more intelligent than they are.
It is what you know that is your greatest wealth. It is what you do not know that is your greatest risk. There is always risk, so learn to manage risk instead of avoiding it.
some courses in advertising copywriting
“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.”
I recommend to young people to seek work for what they will learn, more than what they will earn.
fear of failure and rejection, which are the main reasons people are unsuccessful.
Education is more valuable than money, in the long run.
The world is filled with talented poor people.
They focus on perfecting their skills at building a better hamburger rather than the skills of selling and delivering the hamburger.
the more specialized you become, the more you are trapped and dependent on that specialty.
do not specialize in one department.
The main management skills needed for success are: 1. Management of cash flow 2. Management of systems 3. Management of people
The better you are at communicating, negotiating, and handling your fear of rejection, the easier life is.
We’re all heroes at something, and cowards at something else.
“If you hate risk and worry, start early.”
“Texans don’t bury their failures. They get inspired by them.
Failure inspires winners. And failure defeats losers.
If you have little money and you want to be rich, you must first be focused, not balanced.
Balanced people go nowhere. They stay in one spot.
If you have any desire to be rich, you must focus.
Put a lot of your eggs in a few baskets and FOCUS: Follow One Course Until Successful.
But building your asset column is a game in which attitude plays a major role. It takes guts, patience, and a great attitude toward failure.
They’ve never done it, and they’re telling someone who’s doing it why they shouldn’t.
Doubt is expensive.
Rich dad believed that the words “I can’t afford it” shut down your brain. “How can I afford it?” opens up possibilities, excitement, and dreams.
So how do you beat laziness? Once again, the answer is a little greed.
So whenever you find yourself avoiding something you know you should be doing, then the only thing to ask yourself is, “What’s in it for me?” Be a little greedy. It’s the best cure for laziness.
“Do what you feel in your heart to be right—for you’ll be criticized anyway.
if I pay myself first, I get financially stronger, mentally and fiscally.”
“What I know makes me money. What I don’t know loses me money. Every time I have been arrogant, I have lost money. Because when I’m arrogant, I truly believe that what I don’t know is not important,”
When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or a book on the subject.
without a strong reason or purpose, anything in life is hard.
I just choose to be rich, and I make that choice every day.
Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over.
I am always shocked at people who buy stocks or real estate, but never invest in their greatest asset, their mind. Just because you bought a house or two does not make you an expert at real estate.
I learned a formula. The next trick was to have the discipline to actually put into action what I had learned. That is where most people stop.
would venture to say that personal self-discipline is the number-one delineating factor between the rich, the poor, and the middle class.