Retire Young Retire Rich Quotes

The rich does not work for money, but money work for them...., While the poor work for money.Illiteracy, both in word and numbers, is the foundation of financial struggle....,Wealth is a person's ability to survive so many number of days forward... or if i stopped working today, how could i survive?...,Wealth is the measure of cash flow from to asset column compared with the expense column...,

A reason or a purpose is a combination of "wants" and "don't wants".

Why in the world would someone say, 'I can't afford it' or 'I can't do it' to something they want? Why would someone deny themselves the things they want? It makes no logical sense.

The worst thing a company can do is kill off the creative energy of its young and talented people. The second worst thing is to blindly walk into avoidable traps that a wise senior employee can help them foresee.

No,” said a third student. “Novartis is a public company. It’s not the boss or the board who decides. It’s the shareholders. If the board changes its priorities the shareholders will just elect a new board.” “That’s right,” I said. “It’s the shareholders who want this company to spend their money on researching rich people’s illnesses. That’s how they get a good return on their shares.” So there’s nothing wrong with the employees, the boss, or the board, then. “Now, the question is”—I looked at the student who had first suggested the face punching—“who owns the shares in these big pharmaceutical companies?” “Well, it’s the rich.” He shrugged. “No. It’s actually interesting because pharmaceutical shares are very stable. When the stock market goes up and down, or oil prices go up and down, pharma shares keep giving a pretty steady return. Many other kinds of companies’ shares follow the economy—they do better or worse as people go on spending sprees or cut back—but the cancer patients always need treatment. So who owns the shares in these stable companies?” My young audience looked back at me, their faces like one big question mark. “It’s retirement funds.” Silence. “So maybe I don’t have to do any punching, because I will not meet the shareholders. But you will. This weekend, go visit your grandma and punch her in the face. If you feel you need someone to blame and punish, it’s the seniors and their greedy need for stable stocks.

My master likewise mentioned another Quality which his Servants had discovered in several Yahoos, and to him was wholly unaccountable. He said, a Fancy would sometimes take a Yahoo, to retire into a Corner, to lie down and howl, and groan, and spurn away all that came near him, although he were young and fat, wanted neither Food nor Water; nor did the Servants imagine what could possibly ail him. And the only Remedy they found was to set him to hard Work, after which he would infallibly come to himself. To this I was silent out of Partiality to my own Kind; yet here I could plainly discover the true Seeds of Spleen, which only seizeth on the Lazy, the Luxurious, and the Rich; who, if they were forced to undergo the same Regimen I would undertake for the Cure.

An entrepreneur can make money out of nothing.

There are business and investment opportunities coming that will create bigger fortunes than the automobile did for Henry Ford, oil did for John D. Rockefeller, computers did for Bill Gates, and the Internet did for the young founders of Yahoo, Google, and Facebook.

Young Adam was always an obedient child. Something in him shrank from violence, from contention, from the silent shrieking tensions that can rip at a house. He contributed to the quiet he wished for by offering no violence, no contention, and to do this he had to retire into secretness, since there is some violence in everyone. He covered his life with a veil of vagueness, while behind his quiet eyes a rich full life went on. This did not protect him from assault but it allowed him an immunity.

It is certainly our duty to avoid all appearance of evil, and to be ashamed to give occasion even to be reputed vicious; yet evil reports are so inconsiderable to a wise man, that, if he have a greater aversion to the nature of evil than to the infamy that attends it, he will not fear what is said of him abroad, nor what calumnies are raised, if so be he be made the better by them. It was handsomely said of Diogenes, when he saw a young spark coming out of a tavern, who at the sight of him drew back: Do not retire, says he, for the more you go backward, the more you will be in the tavern. Even so every vicious person, the more he denies and palliates vice, the more aggravates and confirms it, and with surer footing goes farther into wickedness; like some persons of ordinary rank and quality, who, while they assume above themselves, and out of arrogance would be thought rich, are made really poor and necessitous, by pretending to be otherwise.

While successful young business people sipped their fine wine at $200 a bottle in some fancy restaurant in San Francisco, poor children in Flint, Michigan, were drinking lead-poisoned water, which caused brain damage. While Wall Street executives received millions in bonuses, minimum-wage workers in West Virginia were struggling with opioid addiction or dying of heroin overdoses. While CEOs of large corporations retired in gated communities in Arizona, half of older workers in our country had nothing in the bank as they faced retirement. Meanwhile, as the very rich got much richer while almost everybody else became poorer, the political system became more and more corrupt.

This Book Is About Leverage

Education has nothing to do with it. Long before I was born, the secret had found its way into the possession of Thomas A. Edison, and he used it so intelligently that he became the world’s leading inventor, although he had but three months of schooling. The secret was passed on to a business associate of Mr. Edison. He used it so effectively that, although he was then making only $12,000 a year, he accumulated a great fortune, and retired from active business while still a young man. You will find his story at the beginning of the first chapter. It should convince you that riches are not beyond your reach, that you can still be what you wish to be, that money, fame, recognition and happiness can be had by all who are ready and determined to have these blessings.

Jack? Too young. Terry? She’d never agree to it. The social worker, Lori? Ick, no. So that leaves Vivian. Molly has gleaned some things about her—that she’s adopted, that she grew up in the Midwest and inherited the family business from her well-off parents, that she and her husband expanded and eventually sold it for the kind of profit that allowed them to retire to a mansion in Maine. Most of all, that she’s really, really old. Maybe it’ll be a stretch to find drama in Vivian’s portage—a happy, stable life does not an interesting story make, right? But even the rich have their problems, or so Molly’s heard. It will be her task to extract them. If, that is, she can convince Vivian to talk to her.

Always remember that your future is determined by what you do today, not tomorrow.

Sooner or later in life you will be released from every calling in the Church. Perhaps my release is not the best alternative, but it will surely come. You will quit or retire from every position in life except two: You brethren will never be released from being a husband and a father. You sisters will never be released from being a wife and a mother. You cannot be exalted without an eternal mate. That is the sum of it.... Remember, you can be exalted without a college degree. You can be exalted without being slender and beautiful. You can be exalted without having a successful career. You can be exalted if you are not rich and famous. So focus the best that you can on those things in life that will lead you back to the presence of God--keeping all things in their proper balance. There are those who may never marry in mortality. But all of God's blessings will ultimately come to those who are righteous and true to the gospel. Oh, my dear young brothers and sisters, these are the days of your probation. This time is a precious window of opportunity to prepare for your future. Do not waste this time away. Get out a paper and pencil and write down the things that matter most to you. List the goals that you hope to accomplish in life and what things are required if they are to become a reality for you. Plan and prepare and then do. (Brigham Young University, 3 March 2002)

As these debts become due, rich creditors will be pitted against poor debtors; private-sector taxpayers against public-sector workers, young workers against the retired, domestic voters against foreign bondholders. It is impossible to forecast who will win each of these battles but one thing seems certain: not all these debts will be paid in full.

we used the power of leverage, we did not abuse the power, nor do we live in fear of its power.

and he was now passing on his lessons from retirement to me.

Nyhl heard my words, yet he was insistent.

Finally I heard him when he said,

So don’t take this gift lightly.

It is a gift few people will ever be presented with, so take it. Take a year to do nothing.

That time alone with myself, having nothing to do, was priceless.

Very few people have the luxury of at least one year to sit and just think and be with yourself.

so I could think straight and become whole again.

and rush off to do something.

I remember how I hated the pressure and the worry of work.

I was soon restless and irritable. I felt useless and unwanted.

As beautiful as the beaches of this island were, I was ready to get back to the States and start a new business.

he was about 20 years older than I was.

I realized that I would wind up like him if I hung around him much longer.

Peace and tranquility became a part of everyday life, rather than the pressure of meetings and deadlines.

I recalled my friends from college and wondered how they were doing.

how much the friends of my youth impacted the man I had become.

I had the time to reflect on my life.

I came to appreciate my life, the people in my life, the good and the bad.

As messed up as my life was at times, I greatly appreciated my own unique life.

I thought about choices I had made and wondered what would have happened if I had made different choices

you cannot change your past, but you can change your opinion of your past.

There are many things I have done in the past that I am not proud of and would not do again.

There are many dear friends and loved ones that I hurt along the way.

will give you a chance to start your life over.

•​Time is precious. Don’t waste it. Appreciate it.

take a moment to appreciate it, because tomorrow it will only be a memory.

The discomfort in the room was growing.

Financially intelligent people think in terms of risk and reward.

financially intelligent people weigh the risks and they weigh the rewards.

If the rewards are great enough, they will come up with a strategy or a plan that will increase their chances of success, regardless of how many times they will lose before they will win.

Winners know that losing should be a part of any plan.

Expecting to win 100 percent of the time and never failing is a loser’s reality.

They know how to become very rich winning just 2 percent of the time and losing 98 percent of the time.

They know that the 2-percent return must cover the cost of mailing to the 98 percent that do not reply.

Losers keep losing and winners keep winning simply because winners know that losing is part of winning.

Many losers bet only on sure things such as job security, a steady paycheck, a guaranteed pension, and interest from a bank account.

Because of their willingness to take risks wisely,

He really did not hear me when I said,

because our realities are different, we think differently and see the world differently.

Whatever we think is real becomes reality, in most cases.

Your thoughts and words do become flesh.

we had to live outside our own reality for years. We often got into arguments with other people, and were occasionally criticized for being dreamers, foolish, reckless, or risky.

If those stories do not expand their realities, I doubt if anything will.

Regardless of the subject, I found the process to be the same.

A person needs to spend more if they want to become rich, but they must know how to spend and what to spend on in order to become rich.

a person who tries to get rich by being cheap only gets financially weaker, and then suddenly they too go on a binge.

I personally have learned more after I fail than before I fail.

Although it sometimes hurts, the healing process after the failure is ultimately what gives me more emotional and financial strength.

To me, that is leverage worth living for.

One way rich dad had his son and me expand our realities was through reading biographies of people who lived the lives we wanted to live. For example, rich dad had us read the biographies of John D. Rockefeller

After retiring, our plan was to spend time investing and building businesses.

For many baby boomers, time, our most important asset, is running out.

if you believe in Medicare saving you,

use the power of your brain to make you rich.

Our discussions ran late into the night,

I was also not getting along with my partners. We had grown apart and did not see eye to eye.

Larry sell me on the benefits of setting such a goal,

He knew I was venturing out into the world without any guarantees of security.

what you think is real becomes your reality.

I don’t want to spend my life working just to pay bills. I want to live. I want to be rich. I want to travel the world while I am young enough to enjoy it.

There is no one in your way except you and your doubts.

It’s all a matter of leverage.

my mom felt more and more alone with no one to turn to.

what money does do is buy me the time to do what I love, and pay other people to do what I hate doing.

I asked him what he thought of the market,

The stock market is the only place I know of. What else is there to invest in?

most people will not invest in real estate because of the acquisition, liquidity, and management challenges.

There are more mutual funds than there are companies that mutual funds invest in.

This flaw is especially pronounced in a bear market.

As the dinner neared an end,

If a building is a historical building, the government may give you a tax credit, which is far better than a tax deduction, to improve your investment,

the rent more than covers my monthly expenses so I have cash flow from my investment.

The list goes on,

But on bigger properties, when the price of the property is far beyond the income of the individual, the bank then looks at the income and expenses of the property itself,

On larger properties, the asset really is the property and its income stream, not the individual borrower’s income stream.

In fact, if your investment is not over $5 million, it’s hard to get anyone in the government to become interested in your property.

It can be done legally, but it is not usually done by the average investor.

Ask the seller to throw in a boat or pay your down payment for you. It becomes fun, once you learn the game.

Real estate is great for the creative investor who is a good negotiator.

I could see the light was going on in his head.

Even though my rental income breaks even with my expenses, I can still make money in real estate. Understanding phantom cash flow and the tax laws is like winning financially without making any money.