When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.

Some suggestions for you :

If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all focused intensely in order to win.

Although I don't like the way the Chinese do business, I continue to do business in China. I have to. They're the next world power.

Sometimes the hardest thing to do is to trust your team. It's a lesson I've had to relearn quite a few times.

There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.

Making money is a common sense. It's not rocket science. But unfortunately, when it comes to money, common sense is uncommon.

I do not live on false promises. I cannot afford to live on bad advice.

At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.

An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

At my lowest point, I was nearly $700,000 in debt.

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

In the world of money and investing, you must learn to control your emotions.

You cannot solve a problem with the same brain that caused the problem; first you must change your mindset.

I do know that throughout history, all paper money has eventually come back to its true value, which is zero.

When I started my last business, I didn't receive a paycheck for 13 months. The average person can't handle that pressure.