Have you ever wondered where the idea of retirement at the age of 65 came from? I’ll tell you where: Otto von Bismarck, the president of Prussia, in 1889. Actually, Bismarck’s government: At the time, the life expectancy of the average Prussian was about 45. Today, so many are living well into their 80s and 90s that the same promise might well bankrupt the federal government within the next generation.
Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply. Without that knowledge, the world pushes you around.
We learn to walk by falling down. If we never fell down, we would never walk.
A corporation can do many things that an employee cannot, like pay expenses before paying taxes. That is a whole area of expertise that is very exciting. Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It’s one of the biggest legal tax loopholes that the rich use.
People who lack internal fortitude often become victims of those who have self-discipline.
Whenever I feel that people aren’t smiling at me, I simply begin smiling and saying hello. Like magic, the next thing I know I’m surrounded by smiling people. It is true that your world is only a mirror of you. So.
Listening is more important than talking. If that were not true, God would not have given us two ears and only one mouth. Too many people think with their mouth instead of listening in order to absorb new ideas and possibilities. They argue instead of asking questions. I.
Most addictions are attempts to find happiness in people’s souls. This.
When you need advice, make sure you choose your advisor wisely. There.
It’s what is in your head that determines what is in your hands.
So if you want to be rich and maintain your wealth, it’s important to be financially literate, in words as well as numbers. The.
You only need to be generous with what you have.
All of you were given two great gifts: your mind and your time.
Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth.
To live a life dictated by the size of a paycheck is not really living a life. Thinking that a job makes you secure is lying to yourself. That’s cruel, and that’s the trap I want you to avoid.
Whenever you find yourself avoiding something you know you should be doing, then the only thing to ask yourself is, “What’s in it for me?” Be a little greedy. It’s the best cure for laziness.
In school we learn that mistakes are bad, and we are punished for making them. Yet if you look at the way humans are designed to learn, we learn by making mistakes.
What I know makes me money. What I don’t know loses me money. Every time I have been arrogant, I have lost money. Because when I’m arrogant, I truly believe that what I don’t know is not important.
Failure is part of the process of success. People who avoid failure also avoid success.
Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.