12 Quotes on Personal Finance from Books
Hello and Welcome. This page is a collection of 12 quotes about Personal Finance that I underlined from various books. I hope you will like these quotes too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Personal Finance Quotes from The Almanack of Naval Ravikant book by Eric Jorgenson
- There are no get-rich-quick schemes. Those are just someone else getting rich off you.
- If you don't own a piece of a business, you don't have a path towards financial freedom.
- Stay out of things that could cause you to lose all of your capital, all of your savings. Don't gamble everything on one go. Instead, take rationally optimistic bets with big upsides.
- People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can't fathom.
Personal Finance Quotes 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.
- 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.
- A crash at the beginning of your investing life is a gift. In fact, any pullback in stock prices is a gift while you are in the process of accumulating your wealth. It allows you to buy more shares for your dollars, on sale if you will.
- 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.
Personal Finance Quotes from How Not to Invest book by Barry Ritholtz
- Don't buy things you cannot afford, won't actually use, and that will cause you more pain than pleasure.
- Too much leverage, living beyond your means, and too little patience to get rich slowly. That killer combination makes anyone vulnerable to sudden price drops in the assets they hold.
Personal Finance Quotes from The 5 Types of Wealth book by Sahil Bloom
- Expectations that grow faster than assets are the most common cause of financial misery. Track your lifestyle expectations and ensure that you are not allowing those expectations to inflate materially as your income grows. Avoid the perils of lifestyle creep, particularly in the early years of your journey to financial freedom, as incremental dollars invested early are worth more later.
- Fight for simplicity in your finances. The more successful you become with money, the more you have to fight for simplicity in your finances. When you keep things simple, you can take control of your money and become much more decisive.