Great Throughts Treasury

"Every time I hear a politician mention the word 'stimulus,' my mind flashes back to high school biology class, when I touched battery wires to a dead frog to make it twitch."

"Every time I see developers? construction cranes sitting on high-rise condos I know the end of the trend is near. Whenever you see construction cranes, aka birds of prey, sitting on the skyline, you know the boom is about to bust. It means that the cycle has peaked, and generally, there is nowhere to go but down. The next time you see more than two construction cranes on the skyline, start selling any piece of real estate you do not want."

"Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost."

"Every professional investor knows they will occasionally make a mistake and make a bad investment. So professionals know that cutting your losses, as early as possible, is always a strategic option you keep in your bag of tricks. People who need to be right or refuse to admit they made a mistake, often hold onto their losses, refusing to let go. The tricky part is to know when it it?s time to cut your losses. Some people quit too early, some quit too late, and some never quit at all. Amateurs tend to hold onto losers forever because they don?t want to admit they made a mistake."

"Every time I find myself having difficulty solving a problem, be it a financial, business, or personal problem, I remind myself of his [Einstein ??Imagination is more important than knowledge.?] and shift to the use of my imagination. I have come to realize that problems are only symptoms of rational thinking and an uncreative mind. In other words, the only reason a problem is a problem is because I am using and old solution to solve a new problem. To solve a new problem requires imagination, intuition, faith, and a love of adventure."

"Excessive fear and self-doubt that were the greatest detractors of personal genius."

"Excuses are a dime a dozen. That?s why unsuccessful people have so many excuses. If you cannot control your mind, you cannot control your life."

"Excuses are comforting. They allow you to be content with where you are. Don't find excuses and don't seek comfort."

"Excuses cost a dime and that?s why the poor could afford a lot of it."

"Every time you think you can't do something, someone else thinks they can."

"Everybody could be an entrepreneur, but very few will become very rich entrepreneurs."

"Everyone has money problems. If you want to make yourself rich, solve problems. Identifying a problem creates the opportunity for creating a solution."

"Everyone can tell you the risk. An entrepreneur can see the reward."

"Everyone wants to go to Heaven, but no one wants to die."

"Everything the working class has been told to do, the rich do not do. That is my message."

"Face your fears and doubts, and new worlds will open to you."

"Failure inspires winners. Failure defeats losers."

"Faith is a state of mind that can be introduced by self-suggestion."

"Fail harder. You cannot be successful without failure."

"Expanding your means rather than living below your means."

"Experience is more important than money."

"F.O.C.U.S ? Follow One Course Until Successful"

"Few people realize that luck is created."

"Failure is part of the process of achieving success and, therefore, avoids the people who either triumphs."

"Fear keeps most people working at a job. The fear of not paying their bills, the fear of being fired, the fear of not having enough money. The fear of starting over. The fear of ?what will people say??"

"Financial Literacy = Knowing your Assets from your Liabilities."

"Financial intelligence is made up of these four main technical skills: 1. Accounting: Accounting is financial literacy, or the ability to read numbers. This is a vital skill if you want to build businesses or investments. 2. Investing: Investing is the science of money making money. 3. Understanding markets: Understanding markets is the science of supply and demand Alexander Graham Bell gave the market what it wanted. So did Bill Gates. A $75,000 house offered for $60,000 that cost $20,000 was also the result of seizing an opportunity created by the market. Somebody was buying, and someone was selling. 4. The law: The law is the awareness of accounting, corporate, state and federal regulations. I recommend playing by the rules."

"Financial freedom is available to those who learn about it and work for it."

"Financial freedom is a mental, emotional and educational process."

"Financial leverage is the advantage the rich have over the poor and middle class."

"FINANCIAL LITERACY Rule ONE ? You must know the difference between an asset and a liability, and buy assets. If you want to be rich, that?s all you need to know."

"Find out where you are at, where you are going and build a plan to get there."

"Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing."

"Financial struggle is often the direct result of people working all their lives for someone else."

"Find the game where you can win, and then commit your life to playing it; and play to win."

"Finding your path means finding out what you were put here on this earth to do. What is your life's purpose? Why were you given this gift called life? And what is the gift you give back to life?"

"First of all, The US Federal Reserve Bank is not U.S. It is made up of a bunch of international, rich guys from all over the world. The second thing, it is not federal. It's not a US entity... Third, it has no reserves. There is nothing there. And fourth, it's not a bank. So that's why when I talk to people who need to really understand the new rules of money, which really began to take effect in 1971 when we were allowed to print money for the rest of the world, is understanding that this here is causing the rich to get richer and the poor and the middle class to get poor, but more importantly, the lower middle class is almost getting wiped out... And the reason the troubles have started, again, is the U.S. Federal Reserve Bank is not U.S., it's not federal, there's no reserve and it's not a bank. So if you understand that, then you can start to hedge your position rather than save money."

"Focus on teaching those you can, rather than those you can?t. (You can?t teach a pig how to sing.)"

"FOCUS - Follow One Course Until Successful."

"First was the mission, second was the team, and personal interests came last."

"Five things happen to people who do not invest, or who invest poorly: 1) They work hard all their lives 2) They worry about money all their lives 3) They depend on others, such as family, a company pension, or the government to take care of them 4) The boundaries of their lives are defined by money 5) They will not know what true freedom is."

"Focus more on selling and less on buying. The reason so many millions of people are in financial trouble is because they love to buy and hate to sell. If you want to be rich, you must sell much more than you buy. This does not mean you should live below your means. Rather than live below your means, learn to sell, and you can expand your means and go for your dreams. If you sell more than you buy, you will not have to live below your means or cling to job security."

"Focus, focus, focus. All people who have achieved greatness have been very focused people."

"For many people, the fear of failing is more powerful than the joy of winning."

"For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise."

"For example, 1031 is jargon for Section 1031 of the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. Real estate is one investment vehicle that allows such a great tax advantage."

"For something to collapse, not all systems have to shut down. In most cases, just one system is enough. For example, the human body is a system of systems. If just one system, such as the cardiovascular system, shuts down, death follows."

"Four reasons why some people can?t become power investors: 1) The power of the word can?t. 2) The power of easy (Make it easy ? Money flows to the person who makes life easy). 3) The rich make it easy to be poor. 4) Investing without guarantees."

"Forget the Camel. If a man can pass through the eye of the needle, he will enter the world of tremendous wealth."

"French fries kill more people than guns and sharks, yet nobody's afraid of French fries."