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
Tag: Quotes from The Simple Path to Wealth book
If it looks too good to …
If it looks too good to be true, it is. There is no free lunch. Not ever.
– from The Simple Path to Wealth book by J. L. Collins
The older I get the more …
The older I get the more I hold each day precious. I’ve become steadily more relentless in purging from my life things, activities and people who no longer add value while seeking out and adding those that do.
– from The Simple Path to Wealth book by J. L. Collins
The great irony of investing is …
The great irony of investing is that the more you watch and fiddle with your holdings the less well you are likely to do. Fill your basket, add as much as you can along the way and ignore it the rest of the time. You’ll likely wake up rich.
– from The Simple Path to Wealth book by J. L. Collins
If you have money you have …
If you have money you have risk. You don’t get to choose not to have risk, you only get to choose what kind.
– from The Simple Path to Wealth book by J. L. Collins
A crash at the beginning of …
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.
– from The Simple Path to Wealth book by J. L. Collins