Posts Tagged ‘earned’

“Money tells you if you are good enough that people are willing to spend their hard earned dollars on you rather than the other seven billion people.” -James Altucher

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“Research firm Dalbar publishes an annual study on investor behavior called the Quantitative Analysis of Investor Behavior (“QAIB”).  Every year since 1994, the QAIB has compared stock market returns over the previous decades with returns earned by real investors.  The result is always the same: The market beats the investor.

For the 30 years ended December 31, 2015, the S&P 500 returned 10.4% per year, on average.  Equity mutual fund investors earned an average return of just 3.7% per year.

To make plenty of money in stocks, you must behave better than the vast herd of investors.  A single behavior – refusing to sell at market bottoms – would have multiplied profits nearly tenfold.” -Dan Ferris

“Every minute you spend wanting money you didn’t earn is a minute wasted and a bad habit reinforced….  The lesson here is about opportunity… the first step in the path to wealth begins by recognizing that all wealth must be earned….  If you need more money, begin by taking personal responsibility for your financial future.” -Mark Ford

“Not for nothing do we have such a preposterous financial system.  The borrower buys things he doesn’t need with money he doesn’t have.  The lender lends money that no one ever earned or saved, at the lowest interest rates in history, to borrowers who can’t pay it back.” –Bill Bonner

“Not for nothing do we have such a preposterous financial system.  The borrower buys things he doesn’t need with money he doesn’t have.  The lender lends money that no one ever earned or saved, at the lowest interest rates in history, to borrowers who can’t pay it back.” –Bill Bonner

“Real credit comes from money that is saved… taken out of the consumer economy so that it can be used for emergencies and capital investments.  When it is paid back – usually out of increased output – the world is a richer place.  But try to trick the economy with phony credit – money that was never earned and never saved – and you are just asking for trouble.” -Bill Bonner

“That which we acquire with the most difficulty we retain the longest; as those who have earned a fortune are usually more careful of it than those who have inherited one.” -Charles Caleb Colton