It would good to hear from fellow SS'ers regarding some of the best quotes they have heard or seen related to investment, &/or advice, & where it came from.
A lot of people quote Donald Trump, Warren Buffet or other well known sources.
Hopefully we can inspire some people, lets see what SS can deliver....here's some to get started:
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* Cashflow is King ! - lots of sources
* Focus on the future productivity of the asset you are considering. If you instead focus on the prospective price change of a contemplated purchase, you are speculating. The fact that a given asset has appreciated in the recent past is never a reason to buy it. / property magazine
* Profits are better than wages / multiple sources
* Learn and change yourself, don't hope for changes in circumstances.
* Structure your assets in such a way so as to pass them onto your beneficiaries CGT & Stamp Duty Free / SS forum?
* Everybody is a genius. If you judge a fish by its ability to climb a tree, it will spend it life thinking it is stupid. / Interviewee
- property magazine
* Know what you own, know why you own it.
* Keep finding competitive advantage.
* Master the best other people have already figured out.
* Promise yourself that from today you will only borrow to improve your financial situation / source: interviewee - property magazine.
* Why? Why not? Why not you? Why not now?
* Human beings will always betray you; you can only trust the numbers.
* The definition of insanity is repeatedly doing the same thing & expecting a different result.
* Real wealth is determined by the banks future value of your portfolio.
* We can't save our way for true future wealth.
* Biggest mistake is not having a go.
* Be fearful when others are greedy, and be greedy when others are fearful / Warren Buffett
* The main lessons of the board game Monopoly? Diversification & cashflow.
* The only loans that you pay out are those that are not tax deductible.
* The main cause of poverty and financial struggle is fear and ignorance, not the economy or the government, or the rich.
* A corporation can pay for expenses before taxes.
* Most people dream of going to heaven, but are terrified of dying; People dream to be rich, but are afraid to lose money.
*The poor and middle class are scared of debt.
* Manhattan was purchased for $24.00 in trinketts and beads...a bargain! If that $24.00 was invested at 8% p.a., the money left over would be enough to buy Los Angeles too !
* You can't trust your financial advice to others. Everyone has motives.
* There is profit in less desirable locations.
* Buy assets which have capital growth potential that generate an income and can be used as collateral for borrowing.
* 5% Appreciation on a million dollars is better than 10% on $250,000.
* A goal properly set, is halfway achieved.
* The 2 best times to invest in real estate was 20 years ago, and today.
* Don't get involved in deals you don't understand.
* The only true wisdom is in knowing you know nothing. - Socrates
* Your reference group changes you & your success; winners have a different world group.
* In order to succeed, your desire for success should be greater than your fear of failure.
* Books serve to show man that those original thoughts of his, aren't new.
* There are no new solutions or inventions - only a rearrangement of the known facts.
* Facts do not cease to be exist simply because they are ignored.
A lot of people quote Donald Trump, Warren Buffet or other well known sources.
Hopefully we can inspire some people, lets see what SS can deliver....here's some to get started:
_________________________________________________________________
* Cashflow is King ! - lots of sources
* Focus on the future productivity of the asset you are considering. If you instead focus on the prospective price change of a contemplated purchase, you are speculating. The fact that a given asset has appreciated in the recent past is never a reason to buy it. / property magazine
* Profits are better than wages / multiple sources
* Learn and change yourself, don't hope for changes in circumstances.
* Structure your assets in such a way so as to pass them onto your beneficiaries CGT & Stamp Duty Free / SS forum?
* Everybody is a genius. If you judge a fish by its ability to climb a tree, it will spend it life thinking it is stupid. / Interviewee
* Know what you own, know why you own it.
* Keep finding competitive advantage.
* Master the best other people have already figured out.
* Promise yourself that from today you will only borrow to improve your financial situation / source: interviewee - property magazine.
* Why? Why not? Why not you? Why not now?
* Human beings will always betray you; you can only trust the numbers.
* The definition of insanity is repeatedly doing the same thing & expecting a different result.
* Real wealth is determined by the banks future value of your portfolio.
* We can't save our way for true future wealth.
* Biggest mistake is not having a go.
* Be fearful when others are greedy, and be greedy when others are fearful / Warren Buffett
* The main lessons of the board game Monopoly? Diversification & cashflow.
* The only loans that you pay out are those that are not tax deductible.
* The main cause of poverty and financial struggle is fear and ignorance, not the economy or the government, or the rich.
* A corporation can pay for expenses before taxes.
* Most people dream of going to heaven, but are terrified of dying; People dream to be rich, but are afraid to lose money.
*The poor and middle class are scared of debt.
* Manhattan was purchased for $24.00 in trinketts and beads...a bargain! If that $24.00 was invested at 8% p.a., the money left over would be enough to buy Los Angeles too !
* You can't trust your financial advice to others. Everyone has motives.
* There is profit in less desirable locations.
* Buy assets which have capital growth potential that generate an income and can be used as collateral for borrowing.
* 5% Appreciation on a million dollars is better than 10% on $250,000.
* A goal properly set, is halfway achieved.
* The 2 best times to invest in real estate was 20 years ago, and today.
* Don't get involved in deals you don't understand.
* The only true wisdom is in knowing you know nothing. - Socrates
* Your reference group changes you & your success; winners have a different world group.
* In order to succeed, your desire for success should be greater than your fear of failure.
* Books serve to show man that those original thoughts of his, aren't new.
* There are no new solutions or inventions - only a rearrangement of the known facts.
* Facts do not cease to be exist simply because they are ignored.
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