Quick Tip: Learn from successful people

Thursday, February 9, 2012

Be open to advice from others can help. After all, learning from another’s expensive mistake can help insure you don’t do the same.

Own collection of ASSETS that generate cash

Focus on growing companies that generate DIVIDENDS for years

DIVERSIFY Income Sources as well as Assets

Prefers PASSIVE INCOME vs Active Income

Understands the nature of MONEY; It's like a seed!

Make its own LUCK; preparation meets opportunity

Calculates the VALUE of specific assets

Understands Tax rules and hires good tax accountants

Thinks of BUSINESS as a game; balance sheet=score card

Realizes money is a FUNGIBLE COMMODITY

STABILITY; diligently invested and built wealth over time

From- Secrets of the Capitalist Class; by Joshua Kennon