“My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.” LongRealTermRichFocusTaughtDadGainsIncomeLong TermMy TimeAssetsPassiveEstatesRoyaltyDividendsCapital GainsResidualPassive IncomeRich Dad Author:Robert Kiyosaki
“Every time you look at a house in Los Angeles, the real-estate agent will tell you that someone famous once lived there. It always seemed irrelevant to me: Does a property gain value just because Alfred Hitchcock used to eat breakfast there?” LooksDoeRealUsedValuesHouseGainsPropertyAgentsLos AngelesBreakfastEstatesIrrelevantHitchcockEstate Agents Author:Bill Vaughan
“I have so many entities now as grow older you gain responsibilities, you know, real estate, and I like video, and you know I want to live a little you know, because time is passing, its not as long as it has been.” KnowsWantLittlesLongHas BeensRealGrowsResponsibilityGainsVideoPassingPassingsEntityEstates Author:Chuck Berry
“Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.” RealInterestEconomyGainsRateDrivingIncomeTreatedReservesEstatesFederal ReserveInterest RateCapital GainsBond MarketReal Estate Market Author:Michael Hudson
“In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.” RealValuesTurnsPayCenturyTaxesGainsSellsPropertyInvestmentDecadesEstatesTransactionsCapital GainsCapital InvestmentCapital Gains Tax Author:Michael Hudson
“Another good thing about being poor is that when you are seventy your children will not have you declared legally insane in order to gain control of your estate.” ChildrenOrderPoorMoneyGainsOur ChildrenGood ThingsInsaneYour ChildrenEstatesSeventiesFunny Money Author:Woody Allen