Great Throughts Treasury

"While I do occasionally flip a property, especially if someone is willing to pay me a ridiculous price for it, as a practice I would rather buy a property and collect rent and other income for a long time. Then I look for another property to buy and hold."

"While the Chinese people, as a rule, are good people, my business dealings with Communist Chinese officials have left me disturbed and concerned about the rise of the Chinese Empire."

"Who you know can make the biggest difference in your financial life. Get out there and meet people! NETWORK!"

"Why live below your means when an abundant and full life is within your reach."

"Why was Rich Dad so rich? Because he retired early. If you don?t have to go to work, you have a lot of time to become rich."

"Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries."

"With small companies, my investment strategy is to be out of the stock in a year. My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years."

"With high-quality financial education, money flows in rather than out."

"Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success."

"With every $ that comes into your hand, you have a CHOICE. If you?re smart, you?ll buy an asset with that dollar."

"Words are tools for the brain. Words allow the brain to see what the eyes cannot see."

"With that example, I understood the point Rich Dad was making. When I was in college in New York, playing college football, our team had the opportunity to practice with a few players from a professional football team, the New York Jets. It was a very humbling experience. It was soon obvious to all of us on the college football team that while we played the same game as the pro players, we were playing it at a completely different level of play."

"Work to learn, not to earn."

"Work to learn--don't work for money. To become successful you must learn how to manage cash flow, systems and people. Being in the Marines taught me leadership and working in sales for Xerox taught me how to sell and how to accept rejection. All of these skills were important for my success. Look for jobs that can help you develop the skills of managing cash flow, systems and people rather than just pay you well."

"Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account."

"Workers work hard enough to not be fired, and owners pay just enough so that workers won't quit."

"World War II broke out in 1939, and many people credit that war with saving the economy."

"You can always quit, so why quit now?"

"You can only choose between rich and poor. The middle class is gone."

"You cannot teach a poor person to be rich. You can only teach a person who wants to learn to be rich to be rich."

"You cannot teach a poor person to be rich. You can only teach someone who wants to learn to be rich, to be rich. Many people want money but very few people want to learn to be rich. That is why there are so few rich people."

"You can't be a teacher if you are not a learner."

"You do not get rich at work. You get rich by doing your homework."

"You do not have to be a rocket scientist to know that it is hard for a market to keep going up when more and more people are getting out."

"You can't take care of charity unless you take care of yourself first."

"You get one life. Live it in a way that it inspires someone."

"You don't have to be a genius to sound like one. Here's a collection of the most profound and provocative wit and wisdom in the English language in two lines or less. Edited by entrepreneur John M. Shanahan, who created the wildly successful Hooked on Phonics program, this wonderful book presents the best that has been thought and said on every imaginable topic."

"You take a look at this 40-year-run on the dollar - the dollar is designed economically to lose money every single year. So why would you save something that loses money every year?"

"You will make some mistakes but, if you learn from those mistakes, those mistakes will become wisdom and wisdom is essential to becoming wealthy."

"You do not have to go to school to become rich."

"You have to be smart. The easy days are over."

"You know your financial intelligence is increasing if as you get older your money is buying you more freedom, happiness, health and choices in life."

"You make more money if you're generous."

"You have to look for teachers. If you want to be a mechanic, go hang out with mechanics."

"You may lose two or three companies before you build a successful one that lasts."

"You must fire bad customers just as you would fire a bad employee. If you do not get rid of your bad employees, the good employees will leave. If I do not fire bad customers, not only will my good customers leave but many of my good employees will leave as well."

"You need to understand the difference between an asset and a liability. An asset puts money in your pocket and a liability takes money from your pocket. The rich understand the difference and buy assets, not liabilities."

"You?re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You?ve done something."

"Your choices decide your fate. Take the time to make the right ones. If you make a mistake, that?s fine; learn from it and don?t make it again."

"You will not become rich until you teach others to be rich."

"You?ll often find that it?s not mom or Dad, husband or wife, or the kids that?s stopping you. It?s you. Get out of your own way."

"Your business revolves around your asset column, as opposed to your income column. The rich focus on their asset columns while the poor and middle class focus on their income columns."

"You'll either build that business or you'll go back to finding a job-forever."

"Your financial statement is your report card after you leave school. It measures how smart you are financially."

"Your financial statement is an adults report card."

"You will understand why seeking security to avoid risk is the riskiest thing you can do."

"You will never know true freedom until you achieve financial freedom."

"Your genius is found when you find a way to accomplish what you need to accomplish, in spite of what you lack. Have the courage to find your way of getting things done."

"Your future is created by what you do today, not tomorrow."

"Your home is not an asset."