It's tough to negotiate from a position of weakness.
From Robert Kiyosaki
I resigned from the Marine Corps and flying in 1974, even though I loved them both. I quit because I no longer wanted to fight for peace. Instead, I believe we can build a more sustainable peace by working for prosperity.
Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from.
Managing your own property can be a full-time job.
It's human nature to blame someone else for your shortcomings or upsets.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.
We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.
Generous people can become more generous as they become richer, giving away vast fortunes to worthwhile causes as Bill Gates and Warren Buffett are doing.
The Spanish Empire eventually collapsed because of its expensive taste for warfare and conquest.
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