Hello Grasshoppa,
When I started my investment journey, I used to scroll through the internet in search of knowledge & sometimes I would stumble upon some fascinating quotes. These quotes would not only motivate me but also drive me towards my FIRE goal. For me, this goal is so near yet so far, but to keep me motivated on daily basis, I do save some quotes as my phone & laptop wallpaper so I can read them as often as I can. Often if you read my post, you will notice me inserting some quotes to motivate you as well.
What Are The Quotes That Guide My Investment Journey?
1. “If You Don’t Find A Way To Make Money While You Sleep, You Will Work Until You Die.” – Warren Buffett
This is the quote that I have saved as my laptop wallpaper since I’ve got my Microsoft Surface in 2018. I truly love this quote as I believe that we are able to make money while we are sleeping. That is why I am writing this blog so I can continue to impact other peoples lives by sharing what I’ve learned based on my experience & earn money from doing it. My investments in stocks and Robo-Advisors also allow me to earn money while I’m sleeping.
2. “Compound Interest Is The Eighth Wonder Of The World. He Who Understands It, Earns It… He Who Doesn’t, Pays It.” – Albert Einstein
This quote locates in the sidebar of BBM where I hope most of my readers can read it & embrace it. Often we hear people mentioning compounding interest but some of us may have some doubts about it. If you have doubts about it, look at your EPF statement & you will notice how much it has grown since you started contributing to your EPF. You can also refer to your investment growth over the years.
3. “Buy When There’s Blood In The Streets” – Baron Rothschild
Something that I’ve shared very often as well in some of my previous posts. I’m sure some of you may have invested a lot in 2020 when the market was tumbling. If you have invested a lot in 2020, look at your current investment portfolio. Did you manage to make some profit from it?
4. “An Investment In Knowledge Pays The Best Interest.” – Benjamin Franklin
You can invest without much knowledge if you rely on a professional to invest for you but do you honestly trust that they will make the best decision? Whether you are relying on someone or yourself to manage your investment portfolio, you need to have the most basic knowledge of what you are actually investing in. If you don’t, it’s time to allocate some time to educate yourself on this subject.
5. “Don’t Look For The Needle In The Haystack. Just Buy The Haystack.” – John Bogle
With this idea by the late John Bogle, he has created the Index Fund for investors to invest in the market. Often many experts suggest buying the whole S&P500 rather than picking individual stocks. Why? S&P500 holds the biggest top 500 stocks in the USA & over the years, they have grown tremendously although there are some bad years. It is better to buy the whole index than a single individual stock.
6. “How Many Millionaires Do You Know Have Become Healthy By Investing In Savings Account? I Rest My Case” – Robert G. Allen
Many Malaysians especially the older generation loves Fixed Deposit as they have the lowest risk. Can FD beat inflation? Even if they do, the returning rate is not high enough for you to be rich. If you are not keen to invest in high-risk investments, platforms like StashAway & Raiz offer low-risk investments too.
7. “The Individual Investor Should Act Consistently As An Investor Not As A Speculator.” – Ben Graham
How often do we see speculators fail in their investment speculation? That is why I never listen to any stocks tips whenever I receive them, as I prefer to look into their balance sheet rather than speculation.
8. “Although It’s Easy To Forget Sometimes, A Share Is Not A Lottery Ticket. It’s Part Ownership Of A Business.” – Peter Lynch
I’ve read 3 of his books & those 3 are the best books I’ve read so far. One of the key takeaways that I got from his books is on buying stocks that I understand & treat as my business partnership. I am the part-owner of the company & I pay the professionals to manage my business.
9. “Don’t Work For Money. Make Money Work For You.” – Robert Kiyosaki
Is it even possible to get money to work for us? Imagine you have a day job & each month, you take 10-20% out to invest & over the years, you earn profit from it. That is how you get money to work for you.
Conclusion :
Quotes can always be motivating for our daily life but what’s more important are our actions. You can be motivated now but once the motivation dies down, you will be back to the less motivated you. In order for us to stay motivated, we should set a goal & work towards achieving that goal. These quotes are good boosters towards our goals but your effort & action is always needed to achieve them. No matter how hard the journey ahead, stay consistent & motivated.
OSS!
