Rick Harrison Quotes

I am very conservative. I don't invest in anything that is risky. If someone comes to me with a project idea, I let them risk their money, not mine.

Debt is a mistake between lender and borrower, and both should suffer.

My opinion is just be very careful when you're young and making the money.

That's the biggest rule in Hollywood: Don't spend your own money.

Whenever you borrow money, the people you borrow it from have leverage over you.

First, you should take money and have plenty of money fueling your tank. But money becomes dangerous if you assume it's going to keep coming. Make sure you can get your burn rate to a sustainable level if you hit the brakes hard, within 90 days.

There is no sure-fire way to get rich quickly. In fact, the pursuit of that usually leads to ruin.

The first thing you need in order to make a business viable is to preserve a cash flow. I made sure I didn't have any financial backing or support.

Don't take risk, and don't get into debt.

I'm a conservative businesswoman in a way because I try not to invest too much to the point that if things go bad, I'd lose a lot.

Never lend people money you can't afford to give them as a gift.

Whatever you do, don't sink your life's savings into cliche items.

I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

Only put money in the banking system that you can afford to lose!

Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.

Stock market risk is ok, but not for Social Security.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

Most people think money is the key to reducing risk. Prepartion is.

Be risky at work. Be safe with your investments.

Extra interest signifies extra risk.

Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.

There's nothing so comfortable as a small bankroll. A big one is always in danger.

One rule which woe betides the banker who fails to heed it/Never lend any money to anybody unless they don't need it.

It's strictly business. If I loan you $25 million, I want my money back. I don't want to hear about the social impact. That's great for you, but now I'm $25 million in the hole, so next time you come to ask me.

We normally think if you're going to lend someone money, you should get some reward for doing this. In Europe, it's a tax!