Living is a learning curve. While some people may seem as if they have everything together at a relatively young age, it generally takes years of life experience to gain the wisdom necessary to lead as smooth and stress-free an existence as possible. However, that’s not to say you’re entirely alone in you existence. There are plenty of other people out there who will help to guide you along your path, steering clear of trouble along the way. They may be people you know, people who play a fleeting role in your mind. But sometimes, they may be complete strangers who have left a few words of wisdom that you’ve ended up stumbling across in a book, a song, or online. Seeing as such quotes can span pretty much any subject imaginable, let’s focus on financial quotes for now. Here are some of our favourite quotes from such people that you might want to consider incorporating into your life and your mindset!
“The four most dangerous words in investing are: this time it’s different” – Sir John Templeton.
There are various times in our life that offers that sound too good to be true will come our way. We’ll meet someone who claims that they can make us astounding amounts of money with just a little financial investment. Now, every now and then, this may prove to be true. But more often than not, you will find yourself tied to a scenario that doesn’t prove profitable at all. At best, you’ve wasted your time and a little cash, but at worst you could see your entire life savings go down the drain. The key to making wise investments is to learn from market trends and others’ past errors. If something hasn’t worked before, there’s a high chance that it will fail again. Trust your gut and trust the trend! Click here for more investment quotes.
Borrowing and Lending
“Neither a borrower nor lender be” – Shakespeare.
Who would have thought that a seventeenth-century playwright could offer modern-day individuals one of the most valuable pieces of financial advice out there? But, here we are! In Shakespeare’s play Hamlet, Polonius counsels his son Laertes with this very line. The reasoning for avoiding borrowing and lending money? Well, he goes on to say “For loan oft loses both itself and friend and borrowing dulls the edge of husbandry”. Essentially, it can often lead to tensions between you and the lender (which is perhaps more poignant if the lender is a friend or you have a friend as some sort of guarantor on a loan). He argues that borrowing encourages bad domestic habits (you get used to spending money that you don’t actually have). While lending may well have become a part of mainstream culture, take a look around at the number of individuals struggling with debt. You really don’t want to engage with it if possible!
These are just a couple of quotes to consider, but there’s a good chance that they’ll stick in your mind, as both are poignant and relevant, even to this day!