Posts Tagged ‘accumulate’

“Since we are not taught to strategically accumulate capital, we rely on the capital of those individuals and institutions who do. We borrow from investors, banks, mortgage lenders, credit card and consumer credit companies in order to pay for the things we need.” -Ryan Griggs

Wealth Trick

Posted: April 4, 2018 in Money Matters
Tags: , , , , , ,

You need to live below your means to accumulate wealth. There’s no backdoor trick around that fact.” -David Eifrig

“Your retirement… and wealth that you accumulate across your lifetime… depends almost entirely on just one factor: Your savings rate.  It doesn’t matter whether you make $30,000 per year or $300,000.  It’s all about the percentage that you can save.” -David Eifrig

Spent Wealth

Posted: November 22, 2014 in Money Matters
Tags: , ,

“Wealth is what you accumulate, not what you spend.” -Thomas J. Stanley

Life of Habits

Posted: July 18, 2014 in Thought for the Day
Tags: , , , ,

It seems, in fact, as though the second half of a man’s life is made up of nothing, but the habits he has accumulated during the first half.” -Fyodor Dostoyevski

Why Wealthy

Posted: December 18, 2013 in Money Matters
Tags: , , , , , , ,

The skills necessary for building wealth – including the habits and the customs that allow you to hold onto it and pass it along to the next generation – can take a long time to accumulate.  Why are the Swiss so wealthy, for example, and the Bolivians… or the Zimbabweans… or the Albanians… or the Baltimoreans… so poor?  The Swiss have the habit of wealth; the others do not.” -Bill Bonner