J. L. Collins Quotes


 
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Best 45 Quotes by J. L. Collins – Page 1 of 2

The Simple Path to Wealth Quotes

“Advisors are only as good as the investments they recommend.”

The Simple Path to Wealth

“As individuals we only have one obligation to society: To ensure we, and our children, are not a burden to others.”

The Simple Path to Wealth

“Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money.”

The Simple Path to Wealth

“Avoid investment advisors. Too many have only their own interests at heart.

By the time you know enough to pick a good one, you know enough to handle your finances yourself.

It’s your money and no one will care for it better than you.”

The Simple Path to Wealth

“Before you decide to use kicking techniques on the street ask yourself this question: ‘Am I Bruce Lee?’

If the answer is ‘no’ keep your feet on the ground.”

The Simple Path to Wealth

“Before you start trying to pick individual stocks and/or fund managers ask yourself this simple question: 'Am I Warren Buffett?'

If the answer is 'no', keep your feet firmly on the ground with indexing.”

The Simple Path to Wealth

“Being independently wealthy is every bit as much about limiting needs as it is about how much money you have.

It has less to do with how much you earn — high-income earners often go broke while low-income earners get there — than what you value.

Money can buy many things, none of which is more important than your financial independence.”

The Simple Path to Wealth

“Carrying debt is as appealing as being covered with leeches and has much the same effect.

Take out your sharpest knife and start scraping the little bloodsuckers off.”

The Simple Path to Wealth

“Everybody makes money when the market is rising. But what determines whether it will make you wealthy or leave you bleeding on the side of the road is what you do during the times it is collapsing.”

The Simple Path to Wealth

“Governments love a little inflation. They can add money to the system, keep the economy humming and not have to raise taxes or cut spending to do it.

In fact, it is sometimes called 'the hidden tax' because it erodes the buying power of our currency.

It also allows debtors, like the government, to pay back their creditors with 'cheaper dollars'.”

The Simple Path to Wealth

“Here’s an important truth: Complex investments exist only to profit those who create and sell them.

Further, not only are they more costly to the investor, they are less effective.”

The Simple Path to Wealth

“I may not have owned a Mercedes, but I owned my freedom. Freedom to choose when to leave a job and freedom from worry when the choice wasn’t mine.”

The Simple Path to Wealth

“If you intend to achieve financial freedom, you are going to have to think differently. It starts by recognizing that debt should not be considered normal.

It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life.”

The Simple Path to Wealth

“If your goal is financial independence, it is also to hold as little debt as possible.

This means you’ll seek the least house to meet your needs rather than the most house you can technically afford.”

The Simple Path to Wealth

“If your interest rate is less than 3%, pay it off slowly and route the money to your investments instead.

Between 3-5%, do whatever feels most comfortable: Either put the money to debt payment or investments.

More than 5%, pay it off ASAP.”

The Simple Path to Wealth

“If your lifestyle matches — or god forbid exceeds — your income, you are no more than a gilded slave.”

The Simple Path to Wealth

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“The blueprint Warren Buffett gave me was simple:

Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.”


More quotes by William Green

“In the simplest terms: When you buy stock you are buying a part ownership in a company. When you buy bonds you are loaning money to a company or government agency.”

The Simple Path to Wealth

“Ironically, a crash at the beginning of your investing life is a gift. In fact, any pullback in stock prices is a gift while you are in the process of accumulating your wealth.”

The Simple Path to Wealth

“It’s a big beautiful world out there. Money is a small part of it.

But F-You Money buys you the freedom, resources and time to explore it on your own terms.

Retired or not. Enjoy your journey.”

The Simple Path to Wealth

“It’s not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn.

And then think about what the money it earns can earn.”

The Simple Path to Wealth

“Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.”

The Simple Path to Wealth

“Look again at those people around you. For most, debt is simply a part of life.

But it doesn’t have to be for you. You weren’t born to be a slave.”

The Simple Path to Wealth

“Money can buy many things, but nothing more valuable than your freedom.”

The Simple Path to Wealth

“Once 4% of your assets can cover your expenses, consider yourself financially independent.

Put another way, financial independence = 25x your annual expenses.

That is, if you are living on $20,000 you have reached financial independence with $500,000 invested.”

The Simple Path to Wealth

“One of my very few regrets is that I spent far too much time worrying about how things might work out.”

The Simple Path to Wealth

“Save a portion of every dollar you earn or that otherwise comes your way.”

The Simple Path to Wealth

“Simple is good. Simple is easier. Simple is more profitable.”

The Simple Path to Wealth

“Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.

If you choose to master it, money becomes a wonderful servant. If you don’t, it will surely master you.”

The Simple Path to Wealth

“Sound investing is not complicated.”

The Simple Path to Wealth

“Spend less than you earn — invest the surplus — avoid debt.

Do simply this and you’ll wind up rich. Not just in money.”

The Simple Path to Wealth

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“Wanting is good when it is used to force positive change in yourself or in the lives of others.”


More quotes by Thomas C. Corley

 
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