"To be the master of money, you need to be smarter than it. Then money will do as it is told. It will obey you. Instead of being a slave to it, you will be the master of it. That is financial intelligence."

"Education and wisdom about money are important. Start early. Buy a book. Go to a seminar. Practice. Start small."

"Too often today, we focus to borrowing money to get the things we want instead of focusing on creating money."

"All you need to be is generous with what you have, and the powers will be generous with you."

"The power of self-discipline. If you cannot get control of yourself, do not try to get rich."

"So I pay myself first, invest the money, and let the creditors yell."

"I know that sounds tough, but as I said, if you’re not tough inside, the world will always push you around anyway."

"I would say that one of the hardest things about wealth building is to be true to yourself and be willing to not go along with the crowd."

"The net result: I still have the old way I used to think, and I have Peter’s[Lynch] way of looking at the same problem or situation."

"A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas."

"Listening is more important than talking."

"True, I have lost money on many occasions. But I only play with money I can afford to lose."

"Eleanor Roosevelt said it best: “Do what you feel in your heart to be right—for you’ll be criticized anyway. You’ll be damned if you do, and damned if you don’t.”"

"I have found that many people use arrogance to try to hide their own ignorance."

"It’s just like riding a bike. After a little wobbling, it’s a piece of cake. But when it comes to money, it’s the determination to get through the wobbling that’s a personal thing."

"I do it for myself and the people I love. It’s love that gets me over the hurdles and sacrifices."

"For while the process of developing cash flow from an asset column in theory is easy, it is the mental fortitude of directing money that is hard."

"Due to external temptations, it is much easier in today’s consumer world to simply blow it out the expense column."

"[...]take a loss and make it a win."

"Texans don’t bury their failures. They get inspired by them. They take their failures and turn them into rallying cries. Failure inspires Texans to become winners. But that formula is not just the formula for Texans. It is the formula for all winners."

"And in all my years, I have never met a rich person who has never lost money. But I have met a lot of poor people who have never lost a dime…investing, that is."

"The fear of losing money is real. Everyone has it. Even the rich. But it’s not fear that is the problem. It’s how you handle fear. It’s how you handle losing. It’s how you handle failure that makes the difference in one’s life. That goes for anything in life, not just money. The primary difference between a rich person and a poor person is how they handle that fear."

"“It’s a Texan’s attitude toward risk, reward and failure I’m talking about. It’s how they handle life. They live it big."

"All too often, they’re poor or struggle financially or earn less than they are capable of, not because of what they know but because of what they do not know."

"When I ask the classes I teach, “How many of you can cook a better hamburger than McDonald’s?” almost all the students raise their hands. I then ask, “So if most of you can cook a better hamburger, how come McDonald’s makes more money than you?” The answer is obvious: McDonald’s is excellent at business systems. The reason so many talented people are poor is because they focus on building a better hamburger and know little to nothing about business systems."

"“Winning means being unafraid to lose.”"

"The world is filled with talented poor people."

"The people who get out of the “Rat Race” in the game the quickest are the people who understand numbers and have creative financial minds."

"Limiting your options is the same as hanging on to old ideas."

"That is financial intelligence. It is not so much what happens, but how many different financial solutions you can think of to turn a lemon into millions. It is how creative you are in solving financial problems."

"Often in the real world, it’s not the smart that get ahead but the bold."

"If you know what you’re talking about, you have a fighting chance."

"When someone sues a wealthy individual they are often met with layers of legal protection, and often find that the wealthy person actually owns nothing. They control everything, but own nothing."

"[...]schools reward people who study more and more about less and less."

"We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence. Some are more affected than others."

"A problem with school is that you often become what you study."

"Life is sometimes tough when you do not fit the “standard” profile."

"My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years."

"And when it comes to money, high emotions tend to lower financial intelligence."

"The poor and middle class buy luxuries with their own sweat, blood and children’s inheritance."

"When we were told to follow set procedures and not deviate from the rules, we could see how this schooling process actually discouraged creativity."

"Job is an acronym for ‘Just Over Broke.’"

"A fool and his money is one big party."

"They know that professional success is no longer solely linked to academic success, as it once was."

"A person can be highly educated, professionally successful and financially illiterate."

"Money often puts a spotlight on what we do not know."

"If you want to be rich, you need to be financially literate."