Many wise men and women have gone out into the world and became financially successful and several of them have left clues in the form of quotes.
In this article, you will find five money quotes from some of the most influential entrepreneurs and investors in history to help you stay on target with your financial goals.
There is an element of risk in any investment venture we pursue.
1. Don’t let the fear of losing be greater than the excitement of winning. - Robert Kiyosaki
Investor and author, Robert Kiyosaki, reminds us there is an element of risk in any investment venture we pursue. However, we should not let a calculated risk deter us from making investments, whether it is buying a portfolio of stocks or your first investment property.
2. Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. - Will Rogers
Actor and columnist, Will Rogers, was right when he said that too many of us try to “keep up with the Joneses” instead of spending money on things that really matter. Instead of buying flashy cars or fancy electronics you don’t really need, you are better of investing your money to grow your wealth for the sake of your future financial wellbeing.
3. An investment in knowledge pays the best interest. - Benjamin Franklin
US Founding Father Benjamin Franklin was right when he said that investing in knowledge is one of the best investments you can make. If you want to ensure that you have a bright financial future, it is imperative for you to educate yourself about financial matters so that you are equipped to make the right financial decisions in the future.
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4. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for ten years. - Warren Buffett
Wall Street investor Warren Buffet is famous for his long-term investments. What we can learn from him is to focus on the medium to long-term. Don’t let yourself be distracted by short-term volatility. Stick to your investment plan and keep your eye on the prize five, ten or fifteen years down the road.
5. The individual investor should act consistently as an investor and not as a speculator. - Ben Graham
Ben Graham, author of the iconic investment book “The Intelligent Investor,” reminds us to stick to our investment plan instead of throwing money into the latest “hot” investment opportunity. Continuously adding to our investment portfolio according to our risk profile is the way to grow our wealth over time as opposed to chasing get-rich-quick schemes or other high-risk ventures that could lead to heavy losses.
