When it comes to investing and money matters, most people don’t know where to start. You can turn things around by learning from the greatest – both directly and indirectly.
Greatest Investors of the past and present like Dave Ramsey, Robert Kiyosaki, Robert G. Allen and Warren Buffett can provide you with motivation and guidance as well.
Motivation is an important skill in our lives, you have to be motivated to work towards your investing goals when you feel stuck or lack ideas on how and where to start from.
When you become motivated, you develop a yearning desire to change your mind and thinking.
The things that famous and influential people said have turned out so powerful that they became mantras for many generations in our society.
When things get tough, many people turn to a motivational quote for a bit of inspiration.
Below are 10 examples of investing quotes that will inspire you in the world of investing.
1. “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
– Robert Kiyosaki
At some point in our lives, we make money. You could make a couple of dollars or hundred dollars or a thousand dollars or a million dollars today.
If you run through it tomorrow, in reality, it does not matter the amount of money you made. What matters is how to manage the money.
The baseline of this quote is to teach you the importance of wealth management. The three key aspects of wealth management pointed out are:
- multiplying & transferring wealth across different generations
2. “I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”
– Warren Buffett
Basically, Buffet is teaching us simple market psychology, or and emotional factors in play.
We all know that the stock market is fundamentally driven by psychological and emotional factors.
In his book the Intelligent Investor, Benjamin Graham (Buffett’s mentor) pointed out that most investors typically swing like a pendulum, and the market is driven by greed and fear.
When most people are greedy on a given stock, the demand of that stock goes high, and vice versa, when most people are fearful on a given stock, the demand of that stock goes down and so the price.
The basic principle is to “buy cheap, buy low and sell high”.
3. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
–Robert G. Allen
Having money saved somewhere is awesome, saving is useful especially when an emergency strike; like paying medical bills, when you lost your job or buying a new Tv set.
But here’s the real deal: saving money in a bank account will not make you rich.
This is because, yes, a savings account does earn interest on your money saved, but the interest rates provided by banks on savings accounts are usually far lower than those offered by investments with similar risk profiles.
Again, Inflation erodes the value of money in your savings account. If the rate of inflation rises, the value of your savings will depreciate over time.
This means in the long run you will end up poorer than when you started.
To grow your money it means putting your money into unit trusts, money market funds and or other solutions with better returns that will make it increase in value.
4. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
— George Soros
In the world of investing, you don’t need to know everything. As long as you have a better understanding of something better than someone else, you can make money out of it.
Becoming successful at Investing is not about being a genius or being perfect.
The secret is having a framework on your investments and being able to anticipate what may happen so that you can capitalize on the outcomes when they take shape.
Most investors are usually carried away with being right, even when the gains on their investments are small.
The most important thing is to win big and cut your losses when you’re wrong rather than being right.
5. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
— Albert Einstein
Exponential growth, well known as compound growth is difficult for most people to latch on to. Mastering compound interest is the abundant source of successful investing.
If you really need to build lasting wealth, a better understanding and harnessing of this power of compound interest is very much essential.
The key requirement as an investor to generate compound interest is time.
Just leave your money for a longer time to grow, and this will pronounce a positive outcome on your investments over time.
Because compounding growth has such a great influence on the outcome on your invested money in the later years, it is extremely important that you start saving early.
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