Long-Term Wealth Quotes

Buy land, they're not making it anymore.

All sensible investing is value investing

If you don't find a way to make money while you sleep, you will work until you die.

Wealth is what you accumulate, not what you spend.

In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.

I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

You can't work three hours a week and make $100,000. Get rich quick doesn't work. Crock pot mentality always defeats microwave mentality!

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

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.

Our favorite holding period is forever.

Bargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.

Don't wait to buy real estate. Buy real estate and wait.

Put your money in your head, that way no one can take it from you.

Don't live beyond your means. Don't buy more than you can pay for. Don't expect to get rich quick. And don't confuse salesmen for friends or advisers.

It is what we give up, not what we lay up, that adds to our lasting store.

I'm not a nest-egg person.

If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

Rich means you have to stay there to maintain it.

I want to get rich and die old.

Truly wealthy people develop the habit of "getting rich slow" rather than "getting rich quick." To assure this, they have two rules with regard to money. Rule number one: Don't lose money. Rule number two: If ever you feel tempted, refer back to rule number one, "don't lose money."

Investing is a virtuous habit best started as early as possible.

If you want to retire young and retire rich, it is very important that your money be like a bird dog, going out every day and bringing home more and more assets.

I want to have generational money.

It's impossible to get to a billion dollars by endorsement deals. The biggest deals only take you so far. It's how you make money when you're asleep that's going to get you there.