Wisdom is defined as the quality of having experience, and being able to discern or judge what is true, right, or lasting. Wisdom is basically the practical application of knowledge.
Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.
Become completely focused on one subject and study the subject for a long period of time. Don't skip around from one subject to the next.
The problem is generally not money. Jesus taught that the problem was attachment to possessions and dependence on money rather than dependence on God.
Those who love people, acquire wealth so they can give generously. After all, money feeds, shelters, and clothes people.
They key is to work extremely hard for a short period of time (1-5 years), create abundant wealth, and then make money work hard for you through wise investments that yield a passive income for life.
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.
Failure is success if we learn from it. Continuing failure eventually leads to success. Those who dare to fail miserably can achieve greatly.
Whenever you pursue a goal, it should be with complete focus. This means no interruptions.
Only when one loves his career and is skilled at it can he truly succeed.
Never rush into an investment without prior research and deliberation.
With preferred shares, investors are guaranteed a dividend forever, while common stocks have variable dividends.
Some regions with very low or no income taxes include the following: Nevada, Texas, Wyoming, Delaware, South Dakota, Cyprus, Liechtenstein, Luxembourg, Panama, San Marino, Seychelles, Isle of Man, Channel Islands, Curaçao, Bahamas, British Virgin Islands, Brunei, Monaco, Qatar, United Arab Emirates, Saudi Arabia, Bahrain, Bermuda, Kuwait, Oman, Andorra, Cayman Islands, Belize, Vanuatu, and Campione d'Italia.
There is only one God who is infinite and supreme above all things. Do not replace that infinite one with finite idols. As frustrated as you may feel due to your life circ*mstances, do not vent it by cursing God or unnecessarily uttering his name.
Greed leads to poverty. Greed inclines people to act impulsively in hopes of gaining more.
The benefit of giving to the poor is so great that a beggar is actually doing the giver a favor by allowing the person to give. The more I give away, the more that comes back.
Earn as much as you can. Save as much as you can. Invest as much as you can. Give as much as you can.”
