Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 9 quotes about Personal Finance that I liked and saved from various books. I hope you enjoy reading them.
Personal Finance 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
There is a common fallacy that money will solve problems. It won’t. Money creates problems, and the more you have, the bigger the problems, not the least of which is how to spend it wisely.
from Grinding It Out book by Ray Kroc
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 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
Avoid investment advisors. Too many have only their own interests at heart. By the time you know enough to pick a good one, you know enough to handle your finances yourself. It’s your money and no one will care for it better than you.
from The Simple Path to Wealth book by J. L. Collins
If you intend to achieve financial freedom, you are going to have to think differently. It starts by recognizing that debt should not be considered normal. It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life.
from The Simple Path to Wealth book by J. L. Collins