“Mindset, Focus, Discipline and Patience are Wealth Building and Achieving Financial Freedom super powers”
Brownlee Global, LLC
“Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.”
Morgan Housel
“If you can’t immunize yourself from the temptations of instant gratification, you’ll be hard-pressed to find success in either health or wealth. Both demand a lifestyle shift from short-term thinking (instant gratification) to long-term thinking (delayed gratification). This is the only defense to lifestyle servitude.”
MJ Demarco
“Financial freedom is the ability to live the remainder of your life without outside help, working if you choose, but doing so only if you desire. It’s the ability to have the things you want and need, despite any occurrence other than the most catastrophic of outside circumstance.”
Paul J. Meyer
When times appear financially the worst is the best time for you to become an aggressive investor and buy assets while they’re on sale.
Unknown
“When you overpay for an investment, you automatically lose some of the implied return on that investment. If the investment loses money, you lose even more when you pay too much to own it.”
Paul , Everything Money
“Financial freedom means having the money to spend on the things that are important to you.”
Unknown
“Every successful investing journey starts with a set of clear goals.”
Vanguard Investment
“Save for the future, invest for the long term and accumulate wealth with a purpose.”
Brownlee Global, LLC
“The best time to invest is always whenever you have funds available to do so.”
Unknown
“I found the road to wealth when I decided that part of all I earned was mine to keep. And so will you.”
The Richest Man in Babylon
“Investing is what you do with the money you save. It usually means putting your money at risk to achieve some financial gain.“
FINRA
“If you’re looking to accumulate wealth over the long term, historical analyses have proven that equities markets has been the most reliable way to do so.”
Motley Fool
“Money never made a man happy yet, nor will it. There is nothing in its nature to produce happiness. The more a man has, the more he wants. Instead of its filling a vacuum, it makes one.”
Benjamin Franklin
“Everybody in the world is seeking happiness—and there is one sure way to find it. That is by controlling your thoughts. Happiness doesn’t depend on outward conditions. It depends on inner conditions.”
Dale Carnegie, How to Win Friends and Influence People
“Saving is about setting aside money for future use. Investing is about putting your money to work for you with the goal of growing it over time.”
Brownlee Global, LLC
“The best time to plant a tree was 20 years ago. The second best time is today.”
Chinese Proverb
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
George Soros
“All financial success comes from acting on a plan. A lot of financial failures come from reacting to the market.”
Nick Murray
“The secret of getting ahead is getting started.”
Mark Twain (Samuel Clemens)
“It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.”
Barry Ritholtz
“Do not wait; the time will never be ‘just right.’ Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.”
George Herbert
“Markets go up and markets go down, it is how you react that will make the difference over the long term.”
Warren Buffett
“Sooner or later, most investors realize that the stock market is actually a ‘market of stocks’ that is chaotic, dictated by investors’ emotions of fear and greed, and influenced by interest rates and macro economic conditions. Good stocks don’t always advance. Bad stocks don’t always fall. Reality is rarely ever as bullish, or as bearish, as forecasted by financial analysts and strategists.”
Unknown
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
Paul Samuelson
“The right plan, executed faithfully, can be the difference between success and failure in any endeavor.”
Brett N. Steenbarger, Ph.D., author of The Psychology of Trading
“When it comes to investing, starting late is always better than never.”
Unknown
“Never buy anything you do not understand. This is a very simple rule, regularly ignored by all too many people. If you don’t understand what a company does, DO NOT BUY IT. If an offering document comes with a 157 page set of disclosures, unless you understand all the risks it contains, stay far far away.”
Barry Ritzholt
“Your first loss is your best loss. It opens a trader’s information flow to the two issues of participating: (a) Get on the right side of the trade; (b) If one is on the wrong side, one should get out.”
Unknown
“An investment is money set aside for the long term – 20 to 30 years into the future – for goals like funding a college education or retirement. Savings is the money set aside for emergencies and major purchases like a vehicle or a house.”
Brownlee Global, LLC
“Long-term investing is about buying and holding securities rather than selling at the first sign you could make some money. Long-term investing is about patience and waiting out bad cycles. You have to think about how an investment is likely to pay off down the road.”
SmartAsset
“The single most important element of successful investing is recognizing that we are all handicapped by the inability to see into the future.”
Unknown
“Investing is laying out money now to get more money back in the future.”
Warren Buffett
“Long-term [perspective and] reward always carries short-term risk.”
Charlie Munger
“Not investing is the biggest financial mistake Americans can make. Investing is critical to build wealth in the long term and investing right is equally important.”
Brownlee Global, LLC
“Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade.”
George S. Clason, Richest Man in Babylon
”Wealth is largely the result of habit.”
John Jacob Astor
“It is health that is real wealth and not pieces of gold and silver.”
Mahatma Gandhi
“The greatest wealth is health.”
Unknown
“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.”
Robert J. Shiller
“Do not save what is left after spending, but spend what is left after saving.”
Warren Buffett
”It’s not your salary that makes your rich; it’s your spending habits.”
Charles A Jaffe
“Your net worth is a lagging measure of your financial habits.”
James Clear, Atomic Habits
“In the short run, the market is a voting machine, but in the long run it is a weighing machine.”
Benjamin Graham
“The first bill you pay each month should be to yourself.”
Unknown
“There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought.”
Napoleon Hill, Think and Grow Rich
”What’s keeping you from being rich? In most cases, it’s simply a lack of belief. In order to become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal.”
Suze Orman
“Wealth isn’t about how much money you make – wealth is about how much money you save and invest.”
Unknown
“It’s not about how much money you earn. It’s what you do with the money that matters.”
Unknown
“It isn’t about the money you make, it’s about the money you keep. From athletes to lottery winners, there are countless stories of big earners going broke because they don’t know how to keep the money they make.”
Robert Kiyosaki
“True power in this world comes from economic independence, but too many people have too much month left at the end of their money.”
John Hope Bryant, founder and CEO of Operation HOPE
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
Dave Ramsey
“Wealthy people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars … then replanted to earn a thousand more dollars.”
T. Harv Eker, Secrets of the Millionaire Mind
“An asset puts money in your pocket; A liability takes money out of your pocket.”
Robert Kiyosaki
“The real key to making money in stocks is not to get scared out of them.”
Peter Lynch
“The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has done it successfully and consistently.”
John Bogle
“Investors should want particular exposure to technology and consumer staples, with an emphasis on growth over value because value works better when inflation and interest rates rise.”
David Rosenberg, Barron’s
“Forget trying to figure out the ideal moment to get in or out of the market. Instead, what really matters is the time spent sitting around in stocks.”
John Goodell
“The essence of investment management is the management of risks, not the management of returns.”
Benjamin Graham
“The best returns come from time in the market, not timing the market.”
Unknown
“Two important investing observations:
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Success in investing doesn’t come from buying good things, but from buying things well, and it’s essential to know the difference.
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It’s not a matter of what you buy, but what you pay for it.”
Howard Marks, Oaktree Capital
“Always invest for the long term.”
Warren Buffett
“Long-term investment success is almost totally a function of how one emotionally handles declines in the equity market, as opposed to how one’s portfolio handles them.”
Nick Murray
“The first rule of investment is ‘buy low and sell high’, but many people fear to buy low because of the fear of the stock dropping even lower. Then you may ask: ‘When is the time to buy low?’ The answer is: When there is maximum pessimism.”
Sir John Templeton
“You have never lost money in stocks over any 20-year period, but you have wiped out half your portfolio in bonds (after inflation). So which is the riskier asset?”
Jeremy Siegel
“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
Warren Buffett
“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”
Peter Lynch
“There’s a pretty good chance the market will go down on any given day or week, but the probability of loss is much lower when you look over a long-run period such as two decades.”
Michaela Pagel, Assistant professor of finance and economics, Columbia Business School
“Be fearful when others are greedy and greedy when others are fearful.”
Warren Buffett
“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.”
J. Paul Getty
“The most important word in the world of money is cash flow. The second most important word is leverage.”
Robert Kiyosaki
“Behind every stock is a company, find out what it’s doing”
Phillip Fisher
“Four rules for successful stock selection:
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Confine stock purchases to companies that appear able to sustain above-average earnings growth for at least five years.
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Never pay more for a stock than can reasonably be justified by a firm foundation of (intrinsic) value.
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Buy stocks with the kinds of stories of anticipated growth on which investors can build castles in the air.
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Trade as little as possible.”
Burton G. Malkiel, Professor and author of Random Walk Down Wall Street
“Investing is a method of purchasing assets to gain profit in the form of reasonably predictable income like dividends, interest, or rentals, and appreciation over the long term. Investing involves time period for the investment return and predictability of the returns while speculation isn’t.”
Burton G. Malkiel, Professor and author of Random Walk Down Wall Street
“The traditional value-investing approach is buying businesses at a discount to what they’re currently worth. The emendation I would add is buying them at a discount to what you believe they’re likely to be worth with a sufficient margin of safety.”
Bill Miller
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
Warren Buffett
“In every crisis, there is opportunity.”
Chinese Proverb
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
Benjamin Graham
“Bargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.”
Peter Lynch
“The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.”
Warren Buffett
“Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.”
William Rudolph
“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.”
Sir John Templeton
“Stock prices fluctuate unpredictably due to market volatility. But a company’s intrinsic value stay relatively steady.”
Kenneth Jeffrey Marshall
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
Albert Einstein
“An investment in knowledge pays the best interest.”
Benjamin Franklin
“Be passionate and bold. Always keep learning. You stop doing useful things if you don’t learn.”
Satya Nadella, CEO of Microsoft
“The stock market is filled with individuals who know the price of everything, but the value of nothing.”
Phillip Fisher
“You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – that’s the only thing that makes you right.”
Warren Buffett
“The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
“He had nothing to start with, except the capacity to know what he wanted, and the determination to stand by that desire until he realized it.”
Napoleon Hill, Think and Grow Rich
“You are what you think. So just think big, believe big, act big, work big, give big, forgive big, laugh big, love big and live big.”
Andrew Carnegie
“Credit card and consumer debt…borrowing from your future to pay for your past.”
T Harv Ekers
“Broke people talk about people and problems. Rich people talk about ideas and goals. Your conversation chooses your destiny.”
Darren Hardy
“Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.”
Will Rogers
“The great destroyers of wealth are taxes, debt, inflation and overspending.”
Unknown
“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.”
Charles Dickens
“Retirement is all about cash flow, not net worth. People who have a net worth of $2 million, which looks great on paper, but when it comes to retirement income, they are just barely squeaking by on their Social Security and a small pension. It’s great that you are worth $2 million, but ultimately, it’s your cash flow that will determine your quality of life in retirement, not your net worth.”
Jason R. Parker, Sound Retirement Planning: A Retirement Plan Designed to Achieve Clarity, Confidence & Freedom
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!”
Hunter S. Thompson
“You can not benefit fully from physical health, emotional well-being, or financial freedom if you are spiritually bankrupt or characteristically deficient.”
Unknown
“You can make a lot more money a lot faster by sending your money to work for you every day, rather than just sending yourself to work every day.”
Unknown
Ten quotes on volatility from the masters of the market
Financial Freedom
Long-term barriers such as a fixed mindset or lack of long term goals, and short-term barriers such as debt or a lack of emergency funds can prevent individuals and families from reaching long-term goals, including saving for college, buying a home and retirement. These barriers can rob individuals from achieving Financial Freedom.
Financial Freedom means being able to work at ones own pace, doing things one enjoys. It means working because an individual enjoys it. It means that an individual’s basic needs are covered and then some. It means having loving relationships, having no consumer debt (only an affordable mortgage payment).
Financial Freedom means having the freedom to do the things an individual enjoys and not being forced to work in a unfulfilling job, just because they need the money.
Life is too short and precious to spend doing things one does not enjoy. Challenge yourself all the time, always apply effort and accept setbacks as learning opportunities on the path of success. Continue to develop your abilities over time and seek your opportunities to fail and to grow strong.
Top Financial, Investing and Wealth Mentors
- Warren Buffett
- Thomas Stanley, The Millionaire Next Door
- Howard Marks
- David Bach
- Jean Chatzky
- Nick Murray
- Jeremy Siegel
- Brian Wesbury
- Ron Baron
- Dave Ramsey
- Cathy Woods
Richer, Wiser, Happier w/ William Green
The Great Minds of Investing
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