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1 " Saving is the gap between your ego and your income. "
― , The Psychology of Money
2 " Spending money to show people how much money you have is the fastest way to have less money. "
3 " Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself. "
4 " Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time. "
5 " Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance. "
6 " Things that have never happened before happen all the time. "
7 " Planning is important, but the most important part of every plan is to plan on the plan not going according to plan. "
8 " Controlling your time is the highest dividend money pays. "
9 " Napoleon’s definition of a military genius was, “The man who can do the average thing when all those around him are going crazy. "
10 " doing something you love on a schedule you can’t control can feel the same as doing something you hate. "
11 " progress happens too slowly to notice, but setbacks happen too quickly to ignore. "
12 " Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome. "
13 " Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want. "
14 " Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: You are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take. "
15 " I love Voltaire’s observation that “History never repeats itself; man always does. "
16 " Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant. "
17 " Bill Gates once said, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose. "
18 " Nothing is as good or as bad as it seems. "
19 " Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today. "
20 " To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism. "