Hill Harper Quotes

Enjoy the magic of compounding returns. Even modest investments made in one's early 20s are likely to grow to staggering amounts over the course of an investment lifetime.

Money you won't need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks.

Albert Einstein is reported to have said compounding is the eighth wonder of the world. Obviously, a dollar invested in your 20s is worth so much more than a dollar invested in your 60s.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.

Albert Einstein when asked what he considered to be the most powerful force in the universe answered: Compound interest! What you have become is the price you paid to get what you used to want.

My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.

Pay attention to the big themes because that's what will help you earn ten times your money.

Tying money up for 40 years doesn't sound appealing when you are young.

I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

I'm making my money make money.

The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment.

The single best time to invest is at a young age because the dollar in the market today will likely be worth 10 to 50 times that much, after inflation, by the time you reach age 65.

Time is on your side when you own shares of superior companies.

I know where I'm putting my money.

Never, ever invest money that you will need prior to three to five years - minimum.

Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them.

My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.

Make sure to save for the future and keep making money!

The key to making money is to stay invested.

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

The last thing you want to do, unless it's a very unusual situation, is to invest money.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.