An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. This is really all you need to know.

Making a decision to own a house that is too expensive in lieu of starting an investment portfolio impacts an individual in at least the following three ways: 1.​Loss of time, during which other assets could have grown in value. 2.​Loss of additional capital, which could have been invested instead of paying high home maintenance expenses. 3.​Loss of education. Too often, people count their house and savings and retirement plans as all they have in their asset column. Because they have no money to invest, they simply don’t invest. This costs them investment experience. Most never become what the investment world calls “a sophisticated investor.” And the best investments are usually first sold to sophisticated investors, who then turn around and sell them to the people playing it safe.

I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value — and that is why they are poor.

أما أبي الثري فعلى الطرف الآخر شجعني أن أبدأ في حيازة الأصول وكان ذلك شيئا أحبه، وهو قال لي: إن لم تكن تحب القيام بذلك فلن تلتزم بالقيام به.

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.

"دائما مايردد راكبو الأمواج"هنالك دوما موجة تاليه" ولكن مالم تهرع صوب الموجه وتحتل متنها أولا، فسوف يتم تنحيتك جانبا."

People think that working hard for money and then buying things that make them look rich will make them rich. In most cases it doesn't. It only makes them more tired. They call it ‘Keeping up with the Joneses.' And if you notice, the Joneses are exhausted.