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The Wealth Reference Guide: An American Classic

Book by Hendrith Vanlon Smith Jr · 35 quotes · Wealth, Money, Money Quotes

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The Wealth Reference Guide: An American Classic Quotes

“Money is better when you have more of it. With money, enough is not enough. You should always have more than enough money - an abundance of money. Look at nature, nature never only makes enough of a good thing. It always makes more than enough. And there’s no scarcity or lack. Everything in nature experiences more than enough.”

“It’s ok to spend money, especially on the necessities and the normal pleasures of life. You should spend money with a knowing that as it flows out, it will flow right back in. Spending is just as natural as income. Income is the breathing in. And breathing out is either investing, spending, or saving. If you don’t breathe out, it will cause blockages that turn your money stagnant. We need the inhale and the exhale. It’s all about balance.”

“Money is like water, it’s everywhere. It’s in the ground, it’s in the sky, it’s in the air… it’s everywhere. If you’d like, your wallet or account can be like a rainwater pool where the money is filled up and always flowing. And where you can just put a cup in that pool and drink from it whenever you like and you always have more than enough money because the pool is always full. And there’s a prosperous ecosystem where the money clouds are always passing by and pouring more money in there. That’s a good relationship with money.”

“A major part of wealth is liquidity. Yes, It’s important to have valuable assets with big price tags. But it’s also important that your assets are doing more than inflating your net worth. Those assets should be providing continuous, substantial and endless streams of money for you. You should always be able to access the money you need to do the things you need to do and like to do. There is power in liquidity.”

“How your business makes your customers feel has a direct correlation to how much money they are willing to spend with your business and the promptness with which they spend money with your business. You should make your customers feel welcome, make them feel appreciated, make them feel respected. And show customers that your business is valuable by ensuring that you and every employee treats the business with care and respect.”

“Investing is a special thing. In terms of functionality, almost anyone invest. But in terms of achieving the results of long-term profit and sustainable growth, only some people have the talent or skill sets for that. It’s like baseball for example… anyone can swing a bat at a ball. But only a few guys make it to the big league, and even fewer become world champs. These days there are so many apps and platforms for individual investing, but that doesn’t mean everyone is achieving the same results. There are great investors, good investors, and bad investors. A professional investor can achieve exponential growth and profit. A professional investor understands markets and industries and can account for both the traditional and the new.”