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Quotes (459)
Viewing 301 through 350
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Stop trying to keep up with the Joneses. The Joneses are broke.
Strive not to be a success, but rather to be of value.
Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing.
Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals.
That man is richest whose pleasures are cheapest.
That money talks, I'll not deny, I heard it once: It said, 'Goodbye'.
The average millionaire can't tell you who got thrown off the island last night.
The avoidance of all risk is a one-way street toward mediocrity.
The best chance to deploy capital is when things are going down.
The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
The big money is not in the buying and selling, but in the waiting.
The biggest threat to long-term returns is your behavior in the short term.
The desire to make more money should not be your goal; it should be your obligation. It should be your responsibility.
The difference between successful people and really successful people is that really successful people say no to almost everything.
The disciplined earner can be a guilt-free spender.
The Dow started the last century at 66 and ended at 11,400. How could you lose money during a period like that? A lot of people did because they tried to dance in and out.
The first $100,000 is a bitch, but you gotta do it.
The first thing you realize when you make a bunch of money is that you're still the same person.
The four most expensive words in the English language are, "This time it's different."
The German root word for 'debt' is the same as for 'guilt'.
The greatest superpower is the ability to change yourself.
The greatest wealth is to live content with little.
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.
The hardest thing to understand in the world is the income tax.
The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.
The HSA (Health Savings Account) is a great way to save on premiums. The high deductible creates a much lower premium, and this plan allows you to save for medical expenses in a tax-free savings account.
The idea that a bell rings to signal when investors should get into or out of the market is simply not credible.
The index fund is a most unlikely hero for the typical investor. It is no more (nor less) than a broadly diversified portfolio, typically run at rock-bottom costs, without the putative benefit of a brilliant, resourceful, and highly skilled portfolio manager.
The individual investor should act consistently as an investor and not as a speculator.
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
The key to making money is to stay invested.
The lottery is a tax on poor people and on people who can't do math.
The love of money, not money, is root of all evil.
The man who never has money enough to pay his debts has too much of something else.
The miracle of compounding returns is overwhelmed by the tyranny of compounding costs.
The more we amass, the more we need our stockpile and the more uncertain we feel. Needing more will always lead to uncertainty and insecurity.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
The most important thing to do if you find yourself in a hole is to stop digging.
The most powerful force in the universe is compound interest.
The mutual fund industry has been built, in a sense, on witchcraft.
The number one problem that causes student loan debt? Parents that suck.
The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.
The people who succeed are irrationally passionate about something.
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.
The poor and the middle class work for money. The rich have money work for them.
The poor get up every day and go work for money, not taking the time to ask the question, 'Is there another way?'
The price of anything is the amount of life you exchange for it.
The real measure of your wealth is how much you'd be worth if you lost all your money.
The rich invest in time, the poor invest in money
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