"Money is the seed of money, and the first guinea is sometimes more difficult to acquire than the 2nd million." -Jean-Jacques Rousseau

When appropriately invested, money can grow on its own. This is excellent news for both lazy and patient people. The first step is developing good habits.

Get out of debt
Live below your means
Establish a habit of saving

Once we see our money grow, we are inspired to save more. That's when compounding takes over.

"We must, indeed, all hang together, or most assuredly, we will hang separately." -Benjamin Franklin

This quote is about a spirit of unity. There are several forces today that are trying to divide us. In business and life, we are better when we work together. We should look for things that unite us instead of things that separate us.

"But my most important piece of advice is never, ever, ever, ever, ever, ever use the word 'busy.' That's one four-letter word that I would never use." -Nell Minow

Using the word busy:

Insults the person you're talking to and pushes them away.
Makes it impossible for you to think honestly to yourself about what your priorities and choices are.

"Just don't use that word, and you'll become much more in tune with what you're doing and much more open to hearing from other people." -NM

"Make your portfolio reflect your best vision for our future." - David Gardner

"You are, if you're truly investing, taking part ownership in the companies whose shares you're buying. Your portfolio should reflect you. It definitely reflects on you." -DG

Reference: Great Quotes, Vol.4: Lessons from Past and Present

Great Quotes, Vol. 4: Lessons from Past & Present

Episode recorded on August 17th, 2016

The all-in-one writing platform.

Write, publish everywhere, see what works, and become a better writer - all in one place.