Quotes About Wealth

He still gazed at me, but I was confused. "It is not new that men confuse material prosperity with blessedness, and fail to value spiritual prosperity.

Well, honey, I had the million dollar houses, I had the car, I had the horse, I had the barn I had everything. Was I set free? I didn't even know what that meant.

To maximize the return of your taxable account, you want to minimize the taxes you pay.

The Coffeehouse Investor by Bill Shultheis (Kirkland, WA: Palouse Press, 2005). A little book with a big message: How to invest simply and successfully.

We don't believe in mixing investing with insurance. Insurance is for protection and investing is for wealth building. Don't confuse or mix the two.

And someone with significant net worth or a large portfolio does not need to invest in risky investments in search of higher returns.

We can't stress enough how important it is to establish your own personal financial plan, and then carefully follow that plan. Select low-cost mutual funds, preferably index funds, as the core of your investment portfolio.

Every day you don't invest is a day less you'll have the power of compounding working for you. Put together an intelligent investment plan and get started. If you need help, seek out a good financial planner to assist you.

It turns out that an investment of $601 at the beginning of each month in stock index funds, coupled with an average annual return of 10 percent, grows to the sum of $1,249,655 in 30 years. Incidentally, $601 a month is approximately 28.9 percent of a yearly salary of $25,000. And in case you might be wondering, yes, the math works the same for everybody.

Nevertheless, it's money that won't be compounding in their accounts and building their net worth.

Being a Boglehead requires planning, commitment, patience, and long-term thinking.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. —Warren Buffett

As an investor you can be well above average by settling for slightly less than the index returns.

Whenever possible, we will use index funds with their low cost and low turnover.

Rebalancing forces us to sell high and buy low. We're selling the outperforming asset class or segment and buying the underperforming asset class or segment. That's exactly what smart investors want to do.

Invest most or all of your money in index funds. Keep your costs of investing and taxes low.

Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.

War has been good to me from a financial standpoint but I don't want to make money that way. I don't want blood money.

Life is a game. Money is how we keep score.

Whether you're talking about a person or a country, it's okay to be rich and it's okay to be powerful, just as long as you're humble and cooperative. But if you combine being rich and powerful with being arrogant and uncooperative, people won't cut you much slack,

One of the chief factors in progress is the destruction of special privilege. The essence of any struggle for healthy liberty has always been, and must always be, to take from some one man or class of men the right to enjoy power, or wealth, or position, or immunity, which has not been earned by service to his or their fellows.

The difference in economic potential between clubs in Italy, those in England, or the big two in Spain is very high.

One of the reasons I got really fat when I left home was because I thought rich people ate white bread and Spam. I also thought they could get processed meals, because we never did, so that was exciting.

My first objective is to invest, and if I have anything spare, then I spend.