Phil Laut quotes

Phil Laut is a renowned entrepreneur, author, and financial expert known for his groundbreaking work in personal development. With a passion for helping others achieve financial success, Phil has authored several best-selling books including "Money is My Friend" and "Wealth Without Risk". His unique approach to wealth building focuses on mindset, motivation, and practical strategies for financial independence. Phil's expertise has been featured in numerous publications and he has spoken at conferences around the world. Discover the secrets to financial abundance with Phil Laut's transformative teachings.

Wealthy people take responsibility. They do not blame their financial situation on themselves or anyone or anything else. Instead, they take the steps necessary to change their own thinking and behavior to move ahead.

- Phil Laut

Wealthy people take prudent risks. Poor people tend to be dominated by fear of loss or fear of making a mistake, so they rarely take risks. Poor people seem to be willing to settle for the misperceived safety of enduring struggle.

- Phil Laut

Wealthy people don’t work for money. Rather, they develop a self-benefiting mind-set about money and receiving and do work that suits them, motivated by their sense of accomplishment and service.

- Phil Laut

Wealthy people do not rely on luck. Less than 2 percent of American millionaires have inherited trust funds, and even a smaller percentage has won lotteries.

- Phil Laut

Wealthy people are good for the economy. They pay most of the taxes and make most of the charitable contributions. If you have need of a job, surely you wouldn’t ask a poor person to hire you.

- Phil Laut

Wealthy people are decisive. This is because they have an enduring vision to guide their decisions and actions. This vision provides the framework for making decisions quickly and free of second thoughts.

- Phil Laut

Wealth is voluntary. You have to sign up.

- Phil Laut

We decorate our homes and our bodies in ways that please us. Why not decorate your mind (your internal reality) in ways that please you? In ways that move you ahead, in ways that make your work more meaningful than merely making money, in ways that bring forth personal resources that you may not be aware of at this point?

- Phil Laut

School produces expectations of a job. In school other people made goals for you. In school other people told you what time to do things. Schools have a well-defined measurement system, and someone else lets you know how you are doing. On tests all you must do is pick out the correct answer from alternatives offered (rather than creating your own solutions).

- Phil Laut

People who earn lots of money from work they do not enjoy experience dissatisfaction because the money is never enough. They may face credit card problems from attempts to find in consumption the satisfaction missing at work. Yet people who enjoy their work but who earn so little that they are continually beset by financial problems sooner or later find that the problems overwhelm the enjoyment.

- Phil Laut

Most people discover that business ownership is very, very different from employment. In a job your success depends on how good you are at what you do; in your own business your success depends on how good you are at business. With a job there is someone to tell you what to do and someone to motivate you.

- Phil Laut

Money can’t buy happiness. The paradox is that poverty surely produces unhappiness, anxiety, and dissatisfaction.

- Phil Laut

If, as an employee, your pay is automatically deposited in your bank account, then then experience of receiving money is more distant and abstract than in your own business, where customers pay you directly.

- Phil Laut

If you are unemployed, then take the best job you can find that pays more than unemployment benefits. Once your unemployment benefits have run out, this will be pretty easy to do.

- Phil Laut

I always told myself that working for a company gave me security. This illusion of security was holding me back from achieving what I was really meant to do.

- Phil Laut

How much you are paid and even whether you are paid is far too important a decision to leave to corporate bureaucracy.

- Phil Laut

Financial success means earning the income you want doing work you love. One without the other falls short. Earning the income you want from work you don’t like greatly reduces your satisfaction and enjoyment.

- Phil Laut

Entrepreneurship is not taught in the government-dominated education system or in private schools, either. For this reason, most entrepreneurs learn through baptism by fire—a method that can be both expensive and time-consuming.

- Phil Laut

A so-called side business can offer benefits far beyond the income that it produces. Some of these benefits are: - It can be a prudent first step toward a full-time business of your own. - It can increase your job satisfaction by reducing dependency on your job. - It can be a risk-free way to learn a new occupation. - It can be a way to discover if you would enjoy some new occupation. - It can be a way to grow and expand your mind, discover your true potential and who you really are.

- Phil Laut

Leverage is defined by a simple equation. It’s the value, or impact, produced per time invested.

- Phil Laut

The Earning Law is the most important. If you haven't mastered the Earning Law, then the others are just intellectual concepts.

- Phil Laut

If you plan to live in a society that uses money as a means of exchange, then it is intelligent to master money.

- Phil Laut

Financial Freedom is when you never do anything that you don't want to for money and you never omit doing something that you want to do because of lack of money.

- Phil Laut

Another way of describing the condition of financial freedom is that money works for you instead of you working for money.

- Phil Laut

Neither formal education, desire, hard work, nor being a good person guarantees success. The most important key to success is self-motivation. And a consciously chosen vision of the future is a powerful aid to motivate yourself.

- Phil Laut

I find it unusual that it is more socially acceptable to complain about what you have than it is to ask for what you want.

- Phil Laut

Admiration in the highest form of apathy.

- Phil Laut