Investor Vs Trader

Quote

th

 

The investment had to make sense today, not tomorrow. I say this because too many people have the buy, hold, and pray strategy. Rich dad always said, “Your profit is made when you buy, not when you sell.” Every property we bought had to have a positive cash flow on the day we bought it, and it had to have a positive cash flow even in a bad economy. 

Know the difference between being an investor and a trader. We were investors when we were willing to buy and hold the properties for their cash flow. We were traders when we knew our entry as week as our exit strategy. In other words, an investor buy to hold. A trader buy to sell. It you want to retire rich, you need to know how they are different and how to be both.

If you can understand this principle of investing, you will understand what the velocity of money means. It means you want your money back as quickly as possible so it can be reinvested to acquire other assets.

Robert T. Kiyosaki

The First Principle

Quote

IMG_1605

 

THOUGHT is the only power which can produce tangible riches from the Formless Substance. The stuff from which all the things are made is a substance which thinks, and a thought of form in this substance produces the form. Original Substance moves according to its thoughts; every form and process you see in nature is the visible expression of a thought in Original Substance.

Man is a thinking center, and can originate thought. All the forms that man fashions with his hands must first exist in his thought; he cannot shape a thing until he has thought that thing.

Wallace D. Wattles