258 pages
Rating: (52.5K votes)
“Whatever your income, always live below your means.”
“Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….”
“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, money will find you.”
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”
“Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”
“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.”
“One of the reasons that millionaires are economically successful is that they think differently.”
“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.”
“If your goal is to become financially secure, you’ll likely attain it…. But if your motive is to make money to spend money on the good life,… you’re never gonna make it.”
“Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.”
“Great offense and poor defense translate into under accumulation of wealth.”
“Be tough … life is. In other words, there is no promise of a rose garden.”
“Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.”
“The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.”
“it matters less how much more you make than what you do with what you already have.”
“Have you ever noticed those people whom you see jogging day after day? They are the ones who seem not to need to jog. But that’s why they are fit. Those who are wealthy work at staying financially fit. But those who are not financially fit do little to change their status.”
“To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation without a cash flow).”
“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.”
“it is very difficult for a married couple to accumulate wealth if one is a spendthrift. A household divided in its financial orientation is unlikely to accumulate significant wealth.”
“How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.”
“The “some college,” “four-year college graduate,” and “no college” types who have high incomes often had a head start on many well-educated workers.”
“Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.”
“Financially independent people are happier than those in their same income/age cohort who are not financially secure.”
“Allocating time and money in the pursuit of looking superior often has a predictable outcome: inferior economic achievement. What are three words that profile the affluent? FRUGAL FRUGAL FRUGAL”
“It’s amazing what you can do when you set your mind to it. You’ll be surprised how many sales calls you can make when you have no alternative except to succeed.”
“Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.”
“What if he had taken full advantage of the tax-advantaged benefit from the time he was first employed? Today he would be a millionaire. Instead, he is on the perpetual earn-and-consume treadmill.”
“If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.”
“Victor wants his children to become physicians, lawyers, accountants, executives, and so on. But in so encouraging them, Victor essentially discourages his children from becoming entrepreneurs. He unknowingly encourages them to postpone their entry into the labor market. And, of course, he encourages them to reject his lifestyle of thrift and a self-imposed environment of scarcity.”
“our youth are told that buying expensive items is normal behavior for affluent people. They are led to believe that the wealthy have a high-consumption lifestyle. They learn that hyperspending is the main reward for becoming affluent in America. Why”
“We make choices. No one else can live our lives for us. And we must confront and accept the consequences of our actions.”
“Ellysetta Baristani." Belliard's voice caused her to stop and turn back around. "Even should you clothe yourself in rags and dirt, you would bring honor to the Fey.”
“She picked up the book she was reading, Beyond the Ice Limit, found her dog-eared place at the beginning of chapter six, and began to read. The sea horizon lay against the sky, blue against perfect blue, and it seemed to beckon the ship southward, ever southward. She closed the book, put it down again. Not bad, but it lacked the punch of the original.”
“Get to see how he treats his mother/sister/housekeeper (critical clues as to how he will treat any prospective girlfriend).”
“Go out with me tomorow night," Perry went on. "Let me prove to you that I'm the guy you want."
"I...I guess I coul go out tomorrow night," Miranda sounded shocked and a little swept off her feet.
Then, from the corner of her eyes. Kylie saw something move at the office window. When she looked back, she spotted Burnett and Holiday standing there high-fiving each other. No doubt Burnett was listening to the coversation and sharing the details with Holiday.
Perry nodded, stepped closer, and then pressed a quick kiss on Miranda's cheek. It had to be the most romantic thing Kylie had ever seen.
..."What?" Miranda asked. "You're happy my date [with Todd] wasn't exciting?"
"No," Kylie said. "Let's just say we're more excited about tomorrow night's date."
A bright smile lit up Miranda's face. "Me too. Can you believ Perry did that? I mean, he was so..."
"Romantic," Kylie said.
"Hot," Della added.
"Sweet," Miranda whispered. "I couldn't stop thinkibng about him all night."
And that was the best news Kylie had gotten all day.”
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