Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.

People don't like the idea of thinking long term. Many are desperately seeking short term answers because they have money problems to be solved today.

There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.

If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.

The world's not going to wait for you. If you have an idea, put some effort behind it and get it out there.

Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing.

People with low financial literacy standards are often unable to take their ideas and create assets out of them.

The idea that success can happen overnight is crippling the financial future of generations. You have to work for it.

Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.