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One dad said, “The reason I’m not rich is because I have you kids.” The other said, “The reason I must be rich is because I have you kids.”
“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”
Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.
If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes.
If they think money will solve problems, they will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.
An asset puts money in my pocket. A liability takes money out of my pocket.
“An intelligent person hires people who are more intelligent than he is.”
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.
Wealth is a person’s ability to survive so many number of days forward—or, if I stopped working today, how long could I survive?
Time is one of your greatest assets.
1. Accounting Accounting is financial literacy, or the ability to read numbers. This is a vital skill if you want to build businesses or investments. 2. Investing Investing is the science of money making money. 3. Understanding markets Understanding markets is the science of supply and demand Alexander Graham Bell gave the market what it wanted. So did Bill Gates. A $75,000 house offered for $60,000 that cost $20,000 was also the result of seizing an opportunity created by the market. Somebody was buying, and someone was
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Unfortunately, the main reason most people are not rich is because they are terrified of losing. Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.
“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.”
