25 RULES OF PERSONAL FINANCE
Okay! Okay! So there are only 20 rules!
- Investing isn't dangerous. Losing is dangerous.
- Good judgment comes from experience. Unfortunately, the experience usually comes from bad judgment.
- Learn from the mistakes of others. You won't live long enough to make all of them yourself.
- I love investment deadlines. I especially like the
whooshing sound they make as they go flying by.
- Tell me how much you need, and I'll tell you how
to get along with less.
- Accept that some market days you are the pigeon and
some days the statue.
- There are three simple rules for making money. Unfortunately no one knows what they are.
- My dot.com reality check bounced.
- On the keyboard of finance, always keep one
finger on the escape key.
- I don't suffer from market stress. I am a carrier.
- You start with a bag full of luck and an empty bag of experience.
The trick is to fill the bag of experience before you empty the bag of luck.
- The probability of survival is inversely proportional to the rate of withdrawal.
Large rate of withdrawal, small probability of survival ... and vice versa.
- After any salary raise, you will have less
money at the end of the month than you did before.
- Eat one live toad the first thing in the morning
and nothing worse will happen to you the rest of the day.
- If it wasn't for the last minute, nothing
would get done.
- When you don't know what to do, walk fast
and look worried.
- Don't let yesterday take up too much of today.
- A 'good' retirement is one which you leave in solvency.
A 'great' retirement is one which you leave with a zero balance.
- It's always better to have bought low wishing you had bought lower than being up there wishing you were down here.
- When confronted by a difficult financial problem, you
can solve it more easily by reducing it to the
"How would the Lone Ranger handle this?"