Posts Tagged ‘term’

“You cannot commit to something – especially over the long term – unless you fully believe in the rightness of what you are doing.” -Justin Ford

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“Reflection involves not simply a sequence of ideas, but a consequence – a consecutive ordering in such a way that each determines the next as its proper outcome, while each in turn leans back on its predecessors.  The successive portions of the reflective thought grow out of one another and support one another; they do not come and go in a medley.  Each phase is a step from something to something – technically speaking, it is a term of thought.” -John Dewey

“Many Americans – average folks working to build a comfortable life – assume the ‘rich’ have a secret.  It seems they know something about ‘how the world works’ that the rest of us don’t….  It turns out, the wealthy do harbor a secret – three of them, in fact….  And these secrets not only build wealth, they allow you to use it to live the life that you want to live….

You don’t need to be rich, though.  You don’t need to pursue money at all costs.  But having financial stability gives you freedom.  Reducing stress improves your health.  And understanding how to manage your income makes for better relationships with your family and loved ones.

Tenet No. 1: Save Religiously.  Tenet No. 2: Invest for the Long Term.  Tenet No. 3: Obsess About Risk

Only by following all three of these tenets can you successfully set yourself free from living paycheck to paycheck.  If you were to find folks with enough cash to live how they’d want to live, you’d find almost all of them followed these tenets.” -David Eifrig

Long or Short?

Posted: September 28, 2016 in Thought for the Day
Tags: , , ,

“You have to think long-term instead of short-term, always.” -James Altucher