Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 11 J. L. Collins quotes that I liked and saved from various books. I hope you enjoy reading them.
J. L. Collins Quotes
Before you start trying to pick individual stocks and/or fund managers ask yourself this simple question: “Am I Warren Buffett?” If the answer is “no,” keep your feet firmly on the ground with indexing.
from The Simple Path to Wealth book by J. L. Collins
Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical. If you choose to master it, money becomes a wonderful servant. If you don’t, it will surely master you.
from The Simple Path to Wealth book by J. L. Collins
There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.
from The Simple Path to Wealth book by J. L. Collins
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
There is no risk-free investment. Once you begin to accumulate wealth, risk is a fact of life. You can’t avoid it, you only get to choose what kind. Don’t let anyone tell you differently.
from The Simple Path to Wealth book by J. L. Collins
I can’t pick winning individual stocks and you can’t either. Nor can the vast majority who claim they can. It is extraordinarily difficult, expensive and a fool’s errand. Having the humility to accept this will do wonders for your ability to accumulate wealth.
from The Simple Path to Wealth book by J. L. Collins
I don’t favor indexing just because it is easier, although it is. Or because it is simpler, although it is that too. I favor it because it is more effective and more powerful in building wealth than the alternatives.
from The Simple Path to Wealth book by J. L. Collins
The great irony of successful investing is that simple is cheaper and more profitable. Complicated investments only benefit the people and companies that sell them.
from The Simple Path to Wealth book by J. L. Collins
Avoid debt. Nothing is worth paying interest to own.
from The Simple Path to Wealth book by J. L. Collins
Being financially independent is every bit as much about controlling your needs as it is about building your assets.
from The Simple Path to Wealth book by J. L. Collins
The older I get the more I hold each day precious. I’ve become steadily more relentless in purging from my life things, activities and people who no longer add value while seeking out and adding those that do.
from The Simple Path to Wealth book by J. L. Collins