Ten [10] Great Money Quotes

To Reach Your Dreams

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[By Patrick Bourbon CFA]

  1. Beware of little expenses; a small leak will sink a great ship. Source: Benjamin Franklin
  2. If you can’t pay for a thing, don’t buy it. If you can’t get paid for it, don’t sell it. Source: Benjamin Franklin
  3. We think much more about the use of money, which is renewable, than we do about the use of our time, which is irreplaceable. Source: Peter Lynch
  4. Avoiding big mistakes is key to generating long term wealth. Source: Don Phillip
  5. It is part of a wise man to keep himself today for tomorrow, and not to venture all his eggs in one basket. Source: Cervantes, Don Quixote
  6. History tells us that when we become overenthusiastic about certain type of financial arrangements, we overdo it. Source: Alan Greenspan
  7. If it’s in the papers, it’s in the price. Source: Bill Miller
  8. The assets may shrink but the debt doesn’t. Source: Gretchen Morgenson
  9. Frugality doesn’t mean doing less. It means doing as much or more with less. Source: William Marth
  10. When times are tough, almost all assets are highly correlated, except for cash. When liquidity dries up, people sell what they can sell, no matter what the price of what they are selling. Source: Bruce Berkowitz

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Assessment

Feel free to send in your own favorite quotes.

Conclusion

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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™          8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

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