Learn to invest in investments where you can achieve an honest, legal advantage over other investors. When it comes to investing, why play on a level field?Collection: Legal
This 90/10 rule holds true in almost anything financial. Take the game of golf, for example. Ten percent of the professional golfers make 90 percent of the money.Collection: Money
Military school was great and especially great for leadership and then I spent two years in Vietnam.Collection: Leadership
The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.Collection: Success
It's human nature to blame someone else for your shortcomings or upsets.Collection: Nature
The best way to predict the future is to study the past, or prognosticate.Collection: Future
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.Collection: Age
When times are bad is when the real entrepreneurs emerge.Collection: Business
We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.Collection: Money
It was easy being healthy when I was young. I was full of energy, so sports and physical challenges were fun. But as I got older and the spring left my step, exercise became harder, and eating, drinking and watching TV became easier. By the time I was 50, I'd put on 50 pounds.Collection: Sports
I want parents to teach that academic intelligence is essential, but so is financial intelligence.Collection: Intelligence
If medical doctors can be sued for malpractice, shouldn't financial professionals practice under the same safeguard?Collection: Medical
History reminds us that dictators and despots arise during times of severe economic crisis.Collection: History
Warren Buffett is famous for talking about the 'intrinsic value' of stocks. But while many people parrot this phrase, few know what it really means.Collection: Famous
The thing I always say to people is this: 'If you avoid failure, you also avoid success.'Collection: Success
The richest people in the world look for and build networks; everyone else looks for work.Collection: Work
I believe that one key to success is to accept truth, no matter how it's spoken.Collection: Truth
If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you're rich and politically connected, your incompetence may be protected by a government bailout.Collection: Business
If you're going to be a winner in life, you have to constantly go beyond your best.Collection: Best
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.Collection: Money
Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.Collection: Sad
Financial freedom is available to those who learn about it and work for it.Collection: Work
People invest in businesses that they believe have the leadership, mission and team to grow and operate profitably.Collection: Leadership
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.Collection: Money
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.Collection: Business
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.Collection: Home
The Web and new technology offer more opportunities to reach a world market at a lower price. Today, a person can start a business at home and reach the world market.Collection: Technology
Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.Collection: Medical
Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.Collection: Education
If you are the kind of person who is waiting for the 'right' thing to happen, you might wait for a long time. It's like waiting for all the traffic lights to be green for five miles before starting the trip.Collection: Time
Most businesses think that product is the most important thing, but without great leadership, mission and a team that deliver results at a high level, even the best product won't make a company successful.Collection: Leadership
Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges.Collection: Legal
You have to be smart. The easy days are over.Collection: Intelligence
Education is what you learn after you leave school.Collection: Education
If you want to go somewhere, it is best to find someone who has already been there.Collection: Best
John D. Rockefeller apparently became more of a tightwad the richer he got. I don't know if it is true, but one story I read was about one of his sons having to wear his older sister's clothes in order to save money.Collection: Money
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.Collection: Business
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.
Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
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.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
I worked for Xerox for 4 years and after that I knew I was never going to be a corporate person. It wasn't my environment.