Quotes About Wealth

Back to Tony, "cap the downside" also applies to thinking long-term about fees and middlemen: "If three of my friends [and I] all put aside the same amount of money, and we all get a 7% return, but my buddy's getting fees of 3%, my other buddy's 2%, and I'm 1%, and all three of us put $1 million in or $100,000 . . . the person with 3% of fees ends up with 65% less money [in the long-term]. . . .

Others include "Be expensive" (see Marc Andreessen, page 170), "Expect disaster" (see Tony Robbins, page 210), and "Own as little as possible" (see Jason Nemer, page 46, and Kevin Kelly, page 470).

The things you own end up owning you." –Chuck Palahniuk American author, best known for Fight Club

A man is rich in proportion to the number of things he can afford to let alone." –Henry David Thoreau American essayist and philosopher, author of Walden "What gets measured gets managed." –Peter Drucker Considered "the founder of modern management," author of The Effective Executive "Morality is simply the attitude we adopt towards people we personally dislike." –Oscar Wilde Irish writer, author of The Picture of Dorian Gray

There is more freedom to be gained from practicing poverty than chasing wealth. Suffer a little regularly and you often cease to suffer.

viví experiencias que no podrían comprarse ni con mil millones

As legendary hedge fund manager Ray Dalio told Tony Robbins (page 210): "It's almost certain that whatever you're going to put your money in, there will come a day when you will lose 50% to 70%." It pays to remember that if you lose 50%, you need a subsequent 100% return to get back to where you started. That math is tough.

Ahora sólo necesita saber cómo explotar su libertad y dar con las herramientas que le permitan vivir con su dinero finito una vida de posibilidades casi infinitas.

Fun things happen when you earn dollars, live on pesos, and compensate in rupees, but that's just the beginning.

Malgastamos la vida con detalles… Simplifica, simplifica… Un hombre es rico en proporción a la cantidad de cosas de las que puede prescindir.

What information consumes is rather obvious: it consumes the attention of its recipients. Hence, a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance

If you want to be wealthy—as measured in money, time, relationships, ease of sleep, or otherwise—"spiritual windshield wipers" will help you get there with fewer accidents and less headache.

Cuanto más asociamos la experiencia con el valor del dinero, más creemos que el dinero es lo que necesitamos para vivir.

cuanto más asociamos el dinero con la vida, más nos convencemos de que somos demasiado pobres para comprar nuestra libertad.

He explained that he had spent more than 30 years with people he didn't like to buy things he didn't need. Life had become a succession of trophy wives—he was on lucky number three—expensive cars, and other empty bragging rights. Mark was one of the living dead. This is exactly where we don't want to end up.

ganando dinero para disfrutar de una libertad discutible en la parte menos valiosa de ella».

out of our insane duty to fear, fashion, and monthly payments on things we don't really need—we quarantine our travels to short, frenzied bursts. In this way, as we throw our wealth at an abstract notion called "lifestyle," travel becomes just another accessory—a smooth-edged, encapsulated experience that we purchase in the same way we buy clothing and furniture. Not

In 2007, I had one wealth manager ask me, "What is your risk tolerance?" and I answered honestly: "I have no idea." It threw him off. I then asked him for the average of his clients' responses. He said, "Most answer that they would not panic up to about 20% down in one quarter." My follow-up question was: "When do most actually panic and start selling low?" His answer: "When they're down 5% in one quarter.

Our life is frittered away by detail…. Simplify, simplify…. A man is rich in proportion to the number of things which he can afford to let alone." —Henry David Thoreau, Walden

El objetivo es divertirse y ganar dinero.

If you've got enough money to solve the problem, you don't have the problem." In

Well, I decided to flip it around and travel when I was really young, when I had zero money. And I had experiences that, basically, even a billion dollars couldn't have bought.

Large sums of money create a powerful reality-distortion field,

Granting that you have more money than others, and that you don't deserve such wealth—but stopping there—allows you to settle the score by paying your taxes and advocating more redistribution. This reductive attitude toward inequality has the added comfort of justifying nasty judgments about the other side.