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May Quotes

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May Quotes

“Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.”

PeopleIfsKnowsWantNeedsMayIdeasSoundDifferencesWealthSimpleStruggleRichProfoundNo IdeaAssetsLiability
Book:Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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“The environmental crisis is somber evidence of an insidious fraud hidden in the vaunted productivity and wealth of modern, technology-based society. This wealth has been gained by rapid short-term exploitation of the environmental system, but it has blindly accumulated a debt to nature-a debt so large and so pervasive that in the next generation it may, if unpaid, wipe out most of the wealth it has gained us.”

IfsMayHas BeensNextTermWealthTechnologyGenerationsModernEvidenceCrisisEnvironmentalDebtProductivityFraudExploitationRapidsNext GenerationShort TermWipeInsidiousSomberModern TechnologyEnvironmental Crisis
Author:Barry Commoner
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“We who are rich are often demanding and difficult. We shut ourselves up in our apartments and may even use a watchdog to defend our property. Poor people, of course, have nothing to defend and often share the little they have. When people have all the material things they need, they seem not to need each other. They are self-sufficient. There is no interdependence. There is no love.”

PeopleNeedsMayLittlesSelfUseSeemsCoursesDifficultWealthPoorRichShareMaterialsPropertySufficientApartmentPoor PeopleNo LoveInterdependenceMaterial ThingsSelf Sufficient
Author:Jean Vanier
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“Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.”

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Author:Julian Simon
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“I have sometimes thought there could be no stronger testimony in favor of Religion or against temporal Enjoyments even the most rational and manly than for men who occupy the most honorable and gainful departments and are rising in reputation and wealth, publicly to declare their unsatisfactoriness by becoming fervent Advocates in the cause of Christ, & I wish you may give in your Evidence in this way. Such instances have seldom occurred, therefore they would be more striking and would be instead of a "Cloud of Witnesses.”

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Book:The Papers of James Madison
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“There is, however, no advantage in reflections on the past further than may be of service to the present. For the future we must provide by maintaining what the present gives us and redoubling our efforts; it is hereditary to us to win virtue as the fruit of labour, and you must not change the habit, even though you should have a slight advantage in wealth and resources; for it is not right that what was won in want should be lost in plenty.”

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Book:The Peloponnesian War
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