- Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world but maybe 80% of how you think the world works.
- Not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.
- There is no reason to risk what you have and need for what you don’t have and don’t need.
- The hardest financial skill is getting the goalpost to stop moving.
- Money’s greatest intrinsic value, and this can’t be overstated, is its ability to give you control over your time.
- Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.
- When most people say they want to be a millionaire, what they really mean is “I want to spend a million dollars,” which is literally the opposite of being a millionaire.
- The world is filled with people who look modest but are actually wealthy, and people who look rich who live at the razor’s edge of insolvency.
- You can build wealth without a high income but have no chance of building wealth without a high savings rate.
- At every stage of our lives, we make decisions that will profoundly influence the lives of the people we are going to become. -Daniel Gilbert
- Thinking of market volatility as a fee, rather than a fine, is an important part of developing the kind of mindset that lets you stick around long enough for investment gains to work in your favor.
- Most people, when confronted with something they don’t understand, do not realize they don’t understand it.
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