David Bach Quotes
Best 20 Quotes by David Bach
“A recession brings an opportunity to renegotiate everything. And you get a better price on it.”
“Be nice, show up on time, do what you say you will do, and then say thank you!”
“Change is a funny thing. Although most people say they want to change – so they can have a better life, with more love, more dreams, and more fun – the fact is that many of us are afraid of change.”
“Downturns are when you can buy stocks and other investments at bargain prices – that is, On Sale!”
“If you’re in a hole, stop digging.”
“Life is not easy. But that’s not the only truth that matters in this context. It also happens to be true that it takes just as much effort to have a bad life, in which you don’t get what you want, as it does to have a good life, where you do. So given the choice, why not go for the good life?”
“My core philosophy is spend less than you make. Don’t waste money on little things.”
“Recessions make millionaires.”
“The American way: The more we make, the more we spend. And if we’re not careful, the more we owe.”
“The fact that most of us are not raised to talk about money is a real tragedy. Show me a couple who doesn’t talk about money and plan their finances together, and I will show you a couple headed for financial trouble – if they’re not already in it.”
“The great truth about money is that in order to keep it and grow it, you have to fight for it.”
“The number one financial mistake is not to have your finances on automatic.”
“The rich get rich because they pay themselves first.”
“This market right now is moving on nothing more than emotions. Guess what? It almost always moves on emotions.”
“To be incredibly successful in life you may only need to be really good at one thing.”
“When the going gets tough, the tough have
cash.”
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“Preventing catastrophic, that is, irrecoverable losses is the only reason to carry insurance. Effectively, this means carrying as high a deductible as possible while at the same time having enough funds, which you can invest, to cover losses up to the deductible. Most of us don't insure our clothes or tools. For a financially independent person, this will extend much further since almost everything can be replaced many times over.”
“When two people work together to accomplish a goal, they can usually achieve it twice as fast as either of them would have working alone.”
“You can’t get rich watching and wondering. You have to take action.”
“Your life should be interesting – your investments should be boring.”
The Automatic Millionaire Quotes
“How much you earn has almost no bearing on whether or not you can and will build wealth. Regardless of the size of your paycheck, you probably already make enough money to become rich.”
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