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We previously published an article that discusses 15 personal finance quotes that will help you make better choices about your money. There are many quotes out there and it is important that you consider your options very carefully. Later on we will give you tips about how you can filter all the quotes that you come across.
For now, we have 5 important quotes from successful people that we want to share with you. We have separated these 5 because they give unusual advises that are not part of the common theme when it comes to personal finance.
5 tips from successful people about money
There are various lessons that you can actually learn from successful people and these 5 will make you realize the different truths about your financial life.
Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them. Robert Kiyosaki (American investor and businessman). The main point of this quote from Robert Kiyosaki is that your knowledge, if not your skill, will make you successful. Failure to learn about personal finance will make it impossible to achieve financial success.
Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game. Donald Trump (American business magnate). Of all the quotes that he gave, this is probably one of those that has the most meaning. It is not really about how much you earn - but how you get that money. This particular quote will make you think beyond your motives - but also in the process by which you will try to achieve your goals.
God gave me my money. I believe the power to make money is a gift from God… to be developed and used to the best of our ability for the good mankind. Having been endowed with the gift I possess, I believe it is my duty to make money and still more money and to use the money I make for the good of my fellow man according to the dictates of my conscience. John D. Rockefeller (American industrialist). If anything, this is the most inspiring of these 5 quotes. It hints about our social responsibility. We live beyond our own needs. Whatever we have and what we earn should not be enjoyed by you alone. There is joy in having great wealth but there is even more joy in knowing that you are enriching other people’s lives because of the wealth you have amassed for yourself. It gives you a more inspiring perception when you start making financial goals.
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. Henry Ford (American industrialist). Henry Ford is giving us almost the same tip as Robert Kiyosaki here. However, it is more profound because he implies that your money is not really your true treasure. Money can be taken from you. But if you invest in knowledge, experience and ability, no one can ever take that and you will benefit from it as long as you live.
Long ago, Ben Graham taught be that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. Warren Buffett (Hailed as one of the most successful investors in the 20th century). Warren Buffett is known for being one of the most vocal business magnates. He had been invited to speak about this various financial conquests and he has served as a great inspiration to people. Here, he is simply teaching us how to make smart decisions about making purchases.
Here is a video that compiles various messages from self-made billionaires. Listen to their thoughts about what it takes to be a success.
Filtering personal financial management tips
Of all the personal finance management tips and advises that you will encounter online, it is important that you know how to filter these information to get the results you want. Although they are all brilliant in their own ways, not everything that successful people have done should be copied by you. There are personal situations that may not be true for you. Here are some tips that we have for you.
Approach each advise with a subjective frame of mind. That means you must consider carefully your own personal situations.
Choose who you will listen to. These people have different backgrounds and achievement. Select the one that best portrays the life that you want to lead or at least achieved the same goals that you want for yourself.
Research their personal backgrounds. If you have to copy someone, make sure you know a lot about them. Simple research on Wikipedia or similar resource websites will help you with your due diligence.
Always remember: there is no one formula towards financial success. Do not be afraid to pave new roads if you have to. Take risks but be cautious by doing your research and knowing what it is that you are actually entering into.
In the end, it is not just about being a financial success. It is about being the person that will help you overcome any obstacle that will hinder you from reaching your goals. Financial wealth is great but if you do not know how to use it properly, then you will find that it will be short lived.