Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid.
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
Millionaires don't have astrologers, billionaires do.
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.
Never spend your money before you have earned it.
I have never had personal debt and never will.
Once you've gotten your money in balance, you know how much you have to spend on things that are just fun.
It may take you months or even a few years to build up an adequate emergency savings fund. That's okay.
All sensible investing is value investing
Put all your eggs in one basket and then watch that basket.
Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.
Money without brains is always dangerous.
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.
Samuel Langhorne Clemens, 1835-1910
The way to become rich is to put all your eggs in one basket and then watch that basket.
I'm frugal. I've always been this way. When I was young, my mom would give me my allowance, and I'd peel off a little each week and have some to spare.
The right amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
History told me that you just keep working, and it is easy to make more money.
Success is having to worry about every damn thing in the world, except money.
You know, if you are kind of rich, the best thing is that you don't have to think about money. The best thing you can buy with money is freedom, time. I don't know how much I earn a year. I have no idea. I don't know how much I pay in taxes.
If someone gives you $1,000,000 you'd better become a millionaire so you can keep the money. Success doesn't want to hang around incompetent people.
Make money, get rich. Enrichissez-vous.
The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.
