Hello and Welcome. This page is a collection of 8 quotes that I liked and saved while reading Just Keep Buying book by Nick Maggiulli. I hope you will like them too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Just Keep Buying Quotes
- If you don’t have much money invested, then you should focus on increasing your savings (and investing it). However, if you already have a sizable portfolio, then you should spend more time thinking about the details of your investment plan. More simply: saving is for the poor and investing is for the rich.
- Saving more is only beneficial if you can do it in a stress-free way. Otherwise, you will likely do yourself more harm than good.
- The most consistent way to get rich is to grow your income and invest in income-producing assets. This doesn’t imply that you can ignore your spending altogether. Everyone should do a periodic review of their spending to ensure that it isn’t wasteful (e.g., forgotten subscriptions, unnecessary luxuries, etc.). But there is no need to cut your lattes. If you want to save more, the main point is to tighten up where you can, then focus on increasing your income.
- Increasing your income is going to be much harder than cutting your spending, at least initially. However, if you want a sustainable path to saving more and building wealth, it is the only option. And the best way to increase your income is to find ways to unlock the financial value that is already inside you. I am talking about a concept called human capital, or the value of your skills, knowledge, and time.
- Ultimately, your money should be used as a tool to create the life that you want. That’s the point. Therefore, the difficulty lies not in spending your money, but figuring out what you truly want out of life. What kind of things do you care about? What scenarios would you prefer to avoid? What values do you want to promote in the world? Once you figure that out, spending your money becomes easier and much more enjoyable.
- The science of spending can only get so precise when it comes to predicting what will make someone happier. Ultimately, you are the one that must figure out what you want out of life. Once you do, then spend your money accordingly. Otherwise you might end up living someone else’s dream rather than your own.
- Debt, regardless of the type, is a financial tool like any other. If used properly, it can work wonders for your financial situation. If not, it can be harmful. The difference depends on context.
- Though money can solve many of your problems, it won’t solve all of your problems. Money is merely a tool to help you get what you want out of life. Unfortunately, figuring out what you want out of life is the hard part.