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Financial Advice from my mentor for success in life and business

Financial Advice from my mentor for success in life and business

Personally, I use two main vehicles to achieve financial growth: real estate and small-cap stocks.”

Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.”

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When you are young, work to learn, not to earn.”

When it comes to money, high emotions tend to lower financial intelligence. I know from personal experience that money has a way of making every decision emotional.”

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Again, my success reflects the importance of a strong financial foundation, which starts with a strong financial education. ”

Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone. ”

 

Pattern of treating your home as an investment, and the philosophy that a pay raise means you can buy a larger home or spend more, is the foundation of today’s debt-ridden society.”

 

If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes.”

 

Complaining about your current position in life is worthless. Have a spine and do something about it instead.”

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Often, the more money you make the more money you spend; that’s why more money doesn’t make you rich – assets make you rich.”

 

If you want to be rich and maintain your wealth, it’s important to be financially literate, in words as well as numbers.”

 

Money is really just an idea.”

The poor and the middle class work for money. Them rich have money work for them.”

The fear of being different prevents most people from seeking new ways to solve their problems.”

 

If all your money is tied up in your house, you may be forced to work harder because your money continues blowing out of the expense column, instead of adding to the asset column—the classic middle-class cash-flow pattern.”

 

This educated middle class subscribes to the dogma put out by mutual-fund brokers and financial planners: ‘Play it safe. Avoid risk’.”

 

That is the reason it is so hard to motivate kids in school today. They know that professional success is no longer solely linked to academic success, as it once was.”

 

The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing.”

 

Games reflect behavior. They are instant feedback systems.”

 

Talk is cheap. Learn to listen with your eyes. Actions do speak louder than words. Watch what a person does more than what he says.”

 

Money often makes obvious our tragic human flaws, putting a spotlight on what we don’t know.”

 

If you’re still doing what mommy and daddy said for you to do (go to school, get a job, and save money), you’re losing.”

 

The greatest losses of all are those from missed opportunities.”

MENTOR: ROBERT KIYOSAKI

 

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