Whatever your income, always live below your means.
Wealth is what you accumulate, not what you spend. How
TABLE 3-3 INCOME AND WEALTH CONTRASTS 2:
Luck and risk taking go hand in hand.
Even at this stage of life, I don’t
THEIR ADULT CHILDREN ARE ECONOMICALLY SELF-SUFFICIENT.
I am my favorite charity. WEALTHY
Until recently…. [She] really enabled him….
Operate your household like a productive business.
If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income. Living
I don’t own big hats, but I have a lot of cattle.
How do you judge the professionals you patronize? Too many people judge them by display factors. Extra points are given to those who wear expensive clothes, drive luxury automobiles, and live in exclu...
Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage. Making critical decisions about your career, business, inve...
When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.
His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.
Financially independent people are happier than those in their same income/age cohort who are not financially secure.
Grades don't measure tenacity, courage, leadership, guts or whatever you want to call it. Teachers or any other persons in a position of authority should never tell anybody they will not succeed becau...
We are fastidious investors. On average, we invest nearly 20 percent of our household realized income each year. Most of us invest at least 15 percent. Seventy-nine percent of us have at least one acc...
WEALTHY DEFINED Ask the average American to define the term wealthy. Most would give the same definition found in Webster’s. Wealthy to them refers to people who have an abundance of material possessi...
Twenty years ago we began studying how people become wealthy. Initially, we did it just as you might imagine, by surveying people in so-called upscale neighborhoods across the country. In time, we dis...