If, say, all of your money is in one bank, one brokerage, one country, one currency, one asset class, or one fund, you may be playing with a loaded gun. With luck, you can get away with anything in the short term. With time, the odds rise that your vulnerability will be exposed by unforeseen events.
– from Richer, Wiser, Happier book by William Green
Tag: Quotes on Personal Finance
The great irony of investing is …
The great irony of investing is that the more you watch and fiddle with your holdings the less well you are likely to do. Fill your basket, add as much as you can along the way and ignore it the rest of the time. You’ll likely wake up rich.
– from The Simple Path to Wealth book by J. L. Collins
In my opinion, business and investing …
In my opinion, business and investing are not risky, but being under-educated is. Similarly, being misinformed is risky, and relying on a safe, secure job is the highest risk anyone can take. Buying an asset is not risky. Buying liabilities you have been told are assets is risky. Minding your own business is not risky. Minding everyone else’s business and paying them first is risky.
– from Rich Dad’s CASHFLOW Quadrant book by Robert Kiyosaki
A crash at the beginning of …
A crash at the beginning of your investing life is a gift. In fact, any pullback in stock prices is a gift while you are in the process of accumulating your wealth. It allows you to buy more shares for your dollars, on sale if you will.
– from The Simple Path to Wealth book by J. L. Collins
Stop thinking about what your money …
Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you’ll start to see that when you spend money, not only is that money gone forever, the money it might have earned is gone as well. And so on.
– from The Simple Path to Wealth book by J. L. Collins