In ancient Babylon, a slave was able to earn a few extra shekels on his own time, after completing his master’s work, to save toward buying his way out of slavery.  He could actually redeem (repurchase) himself.  We, too, may redeem ourselves from the bondage of bad debt.  Perhaps you do not feel like you […]

… And I hope you will come back here to Harvard 30 years from now and reflect on what you have done with your talent and your energy. I hope you will judge yourselves not on your professional accomplishments alone, but also on how well you have addressed the world’s deepest inequities — on how well […]

Life pushes us all around.  Some give up.  Others fight.  A few learn the lesson and move on.  They welcome life pushing them around.  To these few people, it means they need and want to learn something.  They learn and move on.
— Robert Kiyosaki, Rich Dad, Poor Dad

Money is one form of power.  But what is more powerful is financial education.  Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.  The reason positive thinking alone does not work is because most people went to school and never […]

Our society thrives on materialism, cashing in on the sin of covetousness.  Its modus operandi is to create within our hearts a longing for the things we do not have.  Not only a longing, but also an attitude of need and entitlement.  We need it.  We deserve it.  Especially if someone else has it.
— Alistair […]

Money is not taught in schools.  Schools focus on scholastic and professional skills, but not on financial skills.  This explains how smart bankers, doctors, and accountants who earned excellent grades in school may still struggle financially all of their lives.  Our staggering national debt is due in large part to highly educated politicians and government […]

Because I had two influential fathers, I learned from both of them.  I had to think about each dad’s advice, and in doing so, I gained valuable insight into the power and effect of one’s thoughts on one’s life.  For example, one dad had a habit of saying, “I can’t afford it.”  The other dad […]

I don’t believe in luck and I don’t believe in randomness in life.  I believe that what works in your life works because you make it work.  I believe that things work in your life because you choose the right attitude and behavior to generate the right results.  Only by studying those successful situations can […]

It’s like I’ve said, “I’ve been broke a lot of times, but I’ve never been poor.” My mother taught me to put some money aside for a rainy day. But our industry is the worst in the world for money — same with athletes. After I played a benefit concert to pay for my friend’s medical […]

The problem with Americans is that they act and spend as if they are rich before they actually ARE rich.
— Economist interviewed in Kiplinger’s Personal Finance

Hang on to your hat because I’m going to tell you something that may be hard to swallow.  Money is not for spending.  It took me the longest time to understand this — money is for managing first and then for spending.  That truth profoundly changed my attitude about money.
— Mary Hunt, Debt-Proof Your Marriage