Look around; the richest people didn't get rich because of their educations.

"The poor and the middle class work for money." "The rich have money work for them."

they think that more money will solve the problem. Few realize that it's their lack of financial education that is the problem."



Soon, there will be such a horrifying gap between the rich and the poor that chaos will break out and another great civilization will collapse. Great civilizations collapsed when the gap between the haves and havenots was too great. America is on the same course, proving once again that history repeats itself, because we do not learn from history. We only memorize historical dates and names, not the lesson.

"Rich people acquire assets. The poor and middle class acquire liabilities, but they think they are assets"
"assets put money in your pocket."



A liability is something that takes money out of my pocket.

"If you find you have dug yourself into a hole... stop digging."
As a child, my dad often told us that the Japanese were aware of three powers; "The power of the sword, the jewel and the mirror."

Wealth is a person's ability to survive so many number of days forward... or if I stopped working today, how long could I survive?
Unlike net worth-the difference between your assets and liabilities, which is often filled with a person's expensive junk and opinions of what things are worth-this definition creates the possibility for developing a truly accurate measurement. I could now measure and really know where I was in terms of my goal to become financially independent.
Although net worth often includes these non-cash-producing assets, like stuff you bought that now sits in your garage, wealth measures how much money your money is making and, therefore, your financial survivability.
Wealth is the measure of the cash flow from the asset column compared with the expense column.


Failure inspires winners

"Winning means being unafraid to lose."




The rich focus on their asset columns while everyone else focuses on their income statements.

As part of your overall financial strategy, we strongly recommend owning your own corporation wrapped around your assets.


I have been teaching professionally since 1984. It has been a great experience and rewarding. It is also a disturbing profession, for I have
taught thousands of individuals and I see one thing in common in all of us, myself included. We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence. Some are more affected than others.


Often in the real world, it's not the smart that get ahead but the bold.

Why should I become financially literate?
And I answer, "Just to have more options."


In 1984,I began teaching via games and simulations. I always encouraged adult students to look at games as reflecting back to what they know, and what they needed to learn. Most importantly, a game reflects back on one's behavior. It's an instant feedback system. Instead of the teacher lecturing you, the game is feeding back a personalized lecture, custom made just for you.

The world is filled with talented poor people

Maybe McDonald's does not make the best hamburger, but they are the best at f selling and delivering a basic average burger.


If they aren't busy at work or with the kids, they're often busy watching TV, fishing, playing golf or shopping. Yet, deep down they know they are avoiding something important. That's the most common form of laziness. Laziness by staying busy.

When I decided to exit the rat race, it was simply a question. "How can I afford to never work again?" And my mind began to kick out answers and solutions.

Again, 90 percent of the population buys TV sets and only about 10 percent buy books on business or tapes on investments.

"How would Peter Lynch do this, or Donald Trump or Warren Buffett or George Soros?"



The sophisticated investor's first question is, "How fast do I get my money back?"
That is why the ROI, or return of and on investment, is so important.

Copying or emulating heroes is true power learning.


"If you want something, you first need to give,"

Stop doing what you're doing. In other words, take a break and assess what is working and what is not working. The definition of insanity is doing the same thing and expecting a different result. Stop doing what is not working and look for something new to do.

Look for new ideas.

Find someone who has done what you want to do. Take them to lunch. Ask them for tips, for little tricks of the trade.



The game of buying and selling is fun. Keep that in mind. It's fun and only a game. Make offers. Someone might say "yes."

Finding a good deal, the right business, the right people, the right investors, or whatever is just like dating. You must go to the market and talk to a lot of people, make a lot of offers, counteroffers, negotiate, reject and accept.


Why consumers will always be poor. When the supermarket has a sale on, say, toilet paper, the consumer runs in and stocks up. When the stock market has a sale, most often called a crash or correction, the consumer runs away from it. When the supermarket raises its prices, the consumer shops elsewhere. When the stock market raises its prices, the consumer starts buying.

I told him that his profit is made when you buy, not when you sell.

Action always beats inaction.