People concerned about inflation today tend to buy big houses and nice cars.
— Robert Kiyosaki
Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
Good entrepreneurs are community builders, actively involved with their communities and dedicated to the community's well being. If you're dedicated to your community, it will be dedicated to you.
In business, success often depends upon the relative age of your ideas.
My family wasn't rich, so when it comes to money, I tend to think, 'Err on the side of caution.'
Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.
Fuel prices are at the center of our lives. They affect our ability to travel, stay warm, and feed ourselves.
When I watch professional football, I love listening to John Madden because I know he knows what he's talking about. He's been both down in the trenches and in front of the bench as a coach. He knows the game.
Prophets of doom have always taken risks in terms of ridicule and humiliation. If you stand on a street corner holding up a sign that reads 'The End Is Near,' passersby will laugh and heckle. People will say you're like Chicken Little, running around telling people the sky is falling.
The rise in the price of gold is a sign that capitalism has stumbled.
'Credit' is another word for trustworthiness.
'Socialize' means we turn more of our personal powers over to Big Brother, not free enterprise.
I'd rather be a victor than a victim.
I do not live on false promises. I cannot afford to live on bad advice.
Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.
When you think about it, three of our biggest financial decisions in life are made at times of peak emotional excitement: deciding to get married, buying a home, and having kids.
When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash.
Unfortunately, in a recession, the people who suffer the most aren't the rich, but the wanna-be rich and the poor.
There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.
My company survives because I've learned to respect the ideas of people younger than me and recognize when my wisdom is obsolete.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
As a precious metal, silver is also money.
Unlike many of its European neighbors, Britain shares many of America's financial traits.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their cars, and clothes on their backs.
Trouble brews when we steal from the poor and give to the rich.
Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.
At my lowest point, I was nearly $700,000 in debt.
If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you're rich and politically connected, your incompetence may be protected by a government bailout.
The dollar has lost over 90 percent of its value since the Fed was created.
If my businesses or my investments are not profitable, then I don't eat. And I like to eat.
Any time an investment company has to spend heavily on advertising, it's probably a bad business in which to invest.
In the world of money and investing, you must learn to control your emotions.
Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account.
Financial freedom is available to those who learn about it and work for it.
Our brains are either our greatest assets or our greatest liabilities.
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.
My partner Donald Trump says that married couples should always have a prenuptial agreement. True, a prenuptial is important if one partner is much richer than the other before marriage, but Kim and I don't have one.
Gold is hoarded. It's estimated that 95 percent of all gold ever mined is still around.
Something's very wrong with a nation that would rather spend money on war than take care of its children.
The best way to predict the future is to study the past, or prognosticate.
All empires come to an end, and the American one is no exception.
As capitalism falters, the rich move their money out of the country, violence increases, and politicians promising prosperity are elected.
The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
If you want to know why the towers of American capitalism are crumbling, I recommend reading 'The Creature from Jekyll Island' by G. Edward Griffin.
I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses - each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time.
Jim Cramer is a very smart man. I watch his show. I just do not follow his advice.
