A Quote by Robert G. Allen
When you go to bed tonight, ask yourself 'What percentage of my day did I spend creating residual income?' If the answer is ZERO, you're in trouble.
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My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
If you ask a living teacher a question, he will probably answer you. If you are puzzled by what he says, you can save yourself the trouble of thinking by asking him what he means. If, however, you ask a book a question, you must answer it yourself. In this respect a book is like nature or the world. When you question it, it answers you only to the extent that you do the work of thinking an analysis yourself.
Go back to bed', said the omniscient interior voice, because you don't need to know the final answer right now, at three o'clock in the morning on the Thursday in November. 'Go back to bed', because I love you. 'Go back to bed', beacause the only thing you need to do for now is get some rest and take good care of yourself until you do know the answer.
When people ask, "Why should the rich pay a larger percent of their income than middle-income people?" - my answer is not an answer most people get: It's because their power developed from laws that enriched them.
Ask yourself: Where am I? Answer: Here.
Ask yourself: What time is it? Answer: Now.
Say it until you can hear it.
I have a 'pillow test' - can I go to bed tonight knowing that I did my best today? If I can, I'm happy.
As the warden of San Quentin, I presided over four executions. After each one, someone on the staff would ask, 'Is the world safer because of what we did tonight?' We knew the answer: No.
Ask yourself this: If there was zero chance of failure, what would you do? Now, go do that.
Accuracy is paramount in every detail of a work of history. Here's my rule: Ask yourself, 'Did this thing happen?' If the answer is yes, then it's historical. Then ask, 'Did this thing happen precisely this way?' If the answer is yes, then it's history; if the answer is no, not precisely this way, then it's historical drama.
Nobody will stop you from creating. Do it tonight. Do it tomorrow. That is the way to make your soul grow - whether there is a market for it or not! The kick of creation is the act of creating, not anything that happens afterward. I would tell all of you watching this screen: Before you go to bed, write a four line poem. Make it as good as you can. Don't show it to anybody. Put it where nobody will find it. And you will discover that you have your reward.
Do not go to bed until you have gone over the day three times in your mind. What wrong did I do? What good did I accomplish? What did I forget to do?
The federal investment in finding cures for cancer - $3 billion annually [as of 1999] - is less than ... zero ... point ... zero ... zero ... zero ... four ... percent of our gross domestic product, or about one-seventh of what Americans spend on beauty products.
I like the honesty about direct selling because it openly tells people the way to get rich is residual income: Get paid tomorrow for something you did yesterday - and let it accumulate.
If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
We spend a remarkably small, shamefully small, percentage of our income on food. We manage to spend money on lots of other things. All up and down the social ladder you find people with plenty of money for cell phones, home entertainment systems, all other forms of entertainment.
One pillar to wealth is having residual income.
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