The concept of
the rich buy assets versus buying liabilities made common sense even though I never thought to put it into words that way.
Not exact matches
It may also spur
rich Chinese firms to
buy overseas
assets.
The
rich get
rich by
buying appreciating
assets like stocks, bonds, real estate, companies, and fine art.
After all, the super
rich weren't hurt by it - they instead found opportunity to
buy up more
assets at bargain - basement prices.
That elite
rich is given taxpayers money to HELP it
buy up our national
assets, our industries and commercial activities and utilities.
The purported lesson is that if you just
buy a good stock or
asset, and forget about it for a few decades, you can become
rich.
As the Chinese have spent more than $ 40 billion since 2008
buying energy
assets in North America, that would seem to make sense due to the promising reports on the holdings of Octagon 88 in the oil
rich region of Canada.
The left side
buys assets thinking it is the
assets that make them
rich.
It can get as ridiculous as articles that suggest that everyone could be
rich if they just
bought the favored
asset.
When equities are
rich, corporations use them as a currency to
buy assets.
There is a reason the
rich lease depreciating
assets and
buy appreciating
assets; that's the thinking that got them
rich.
I am influenced by the
Rich Dad philosophy of
buying assets that produce cash flow.
Success Habits Keep a quarterly finance sheet to keep track of Net Worth,
Assets, Liabilities, Income, & Expenses List out yearly goals for family, finance, health, learning and track each week Make sure to do things daily to get closer to goals Dave Ramsey Lifestyles Unlimited REIs for networking Checklists Books Millionaire Real Estate Investor — Gary Keller
Rich Dad Poor Dad — Robert Kiyosaki The Complete Guide to
Buying and Selling Apartments — Steve Berges 48 Days to the Work You Love — Dan Miller What Color is Your Parachute — Richard Bolles The Slightest Edge — Jeff Olson Compound Effect — Darren Hardy Quotes «Leverage is key to wealth» — In regards to money, time, knowledge «Money is on the other side of fear» «Most people overestimate what can be done in the short term and underestimate what can be done in the long term» «If you give a house a cookie...» «What gets measured gets done» «Spectacular achievement is always preceded by spectacular preparation» «Those who say it can't be done should get out of the way of those doing it» «Go as far as you can see, once you get there, you will see farther» «Play the game of money to win, don't play not to lose» «Don't quit when you are tired, quit when you are done» «Make sure your ladder to success is on the correct wall»