Notes * Conspiracy of The Rich
You hold in your hand the power to opt out of the conspiracy of the rich, and to make a rich life for you and your loved ones.
Study the asset class and invest your time BEFORE investing your money. It is your knowledge of each asset class that makes you rich. Your greatest asset is your mind.
True diversification includes investing in all four asset classes, not just different types of one asset class. I focus on only great investments in each asset class.
FOCUS - Follow One Course Until Successful. Study practice, start small, and focus until you have cash flowing into your bank account consistently.
Legal advice that prevents you from getting in trouble with the law is always less expensive than legal advice once you are in trouble.
When you say to a child,"Go to school and get a job," you are sentencing that child to a live in the land of maximum taxes.
The B and I quadrants pay the least in taxes, and sometimes pay zero taxes, even while making millions of dollars. One reason for this is because those in the B-I quadrants produce much of the wealth a nation needs and hence are rewarded for creating jobs and building homes or offices for people and businesses to rent.
The reason most financial planners say,"When you retire your income will go down," is because most people are planning to be poor when they retire.... Interesting...
Taking all the risk of an investment, buying low and hoping to sell high, and then paying the highest percentage in tax is not financially intelligent.
The key to using debt is to know how to borrow wisely and how to pay the money back.
The dumbest reason in the world to buy a stock is because it is going up. ~ Warren Buffet
One reason why financially educated people want to keep their money moving is because if they park their money in one asset class, as many amateur investors do, they may lose their money when cash flows out of that asset class.
The way to find a good partner is to know a bad partner. The problem with life is that you do not know how good or bad a partner is until things get bad.
3 parts to a great deal: 1. Partners 2. Financing 3. Management
