Michael Shnayerson Quotes

I think I'm pretty smart on what I spend my money on. I still don't have a new car, I drive my old car that I've had forever. But I bought a house in downtown Chicago.

Don't use your advance to buy an antique sports car, diamonds by the yard, or a bottle of wine from Thomas Jefferson's cellar instead of investing in your book.

Economy does not lie in sparing money, but in spending it wisely.

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

I know where I'm putting my money.

I used to buy nice clothes and drive a nice car when I couldn't afford it. But I spent all my money doing it, and now I don't have to. I like nice things. I like to travel in a certain style. I like to live in a nice place.

What I usually do is hoard money - I accumulate as much as possible in the fear of not having enough to pay tax.

I have plenty of money, unlike other Hollywood celebrities or athletes that have not invested well.

People have lots of money in super, but they have no money in the bank, and the super funds are not built to help people buy property.

My accountant worships me because I'm so cautious with my money.

I made money. What am I gonna invest in? Stocks? No. I'm going to invest in music.

When it comes to money, the best investments were probably the ones I did not make.

I love to go to Washington - if only to be near my money.

I like putting my money into things like food and shelter. I'm probably a bad example of an investor.

Put not your trust in money, but put your money in trust.

I'm used to doing big undertakings with my own money.

There's this idea that when you make a certain amount of money that you should be staying at four-star hotels and taking town cars. And believe me, I will take a town car every day, but there are some things where it's like, 'Is this necessary? Is this important?'

Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.

I used to not talk much to anyone about my investments.

Shortly after I met my mentor he asked me, ‘Mr. Rohn, how much money have you saved and invested over the last six years?’ And I said, ‘None.’ He then asked, ‘Who sold you on that plan?’

Diversify your investments.

I must know every aspect of my personal finances. Managing your money will help you make your money work for you.

The rich invest their money and spend what is left; the poor spend their money and invest what is left.

Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.

Property is my major investment. My accountant has put money into various long-term savings arrangements. To be honest, I am a bit vague about all that stuff.