By Mashum Mollah
Are you looking to get better at managing your money? At the moment, you may be struggling to make ends meet and feel like you’re drowning in debts, or perhaps you are striving for financial freedom? Whatever the reason to want to improve your finances, these investment quotes should encourage you to make better decisions and steer you in the right direction.
No one wants to be counting down the days until their next paycheck, and if this is the case (as it is for many), it’s time to pause, assess your financial situation, and take the correct steps to get it back on track.
We’ve put together some of the best investment quotes to inspire you to improve your finances. Regardless of your current situation, there is always room for improvement!
“The best investment you can make is an investment in yourself… The more you learn, the more you’ll earn” – Warren Buffet.
It is so important to spend time educating yourself, especially when the decisions you make will impact your financial situation, family, and life. No one should part with their money if they do not have good reason to. Invest in yourself first and foremost as this is priceless, and do this before committing to any investments that could end up costing you a small fortune.
People often forget that knowledge is power, and through education, you are more likely to make better-informed choices when it comes to parting with your money and securing assets as opposed to liabilities. From detailed investment strategies to straightforward saving methods, it doesn’t matter where you are on your journey as long as you are moving forward and teaching yourself valuable lessons along the way.
The current situation with Covid-19 has caused the world to come to a standstill, and different people will choose to use this time in different ways. For example, savvy investors will spend their time researching their investments and the markets and take full advantage of the abundance of guides and courses available online. Investment apps can connect you with financial advisors and keep you on top of industry news. Seeking the advice of property experts is another good option. RWinvest, for instance, has a plethora of podcasts and free resources available on their website if you are looking to set up a portfolio.
“You get recessions; you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” – Peter Lynch.
When it comes to dips in the market and maintaining profitable investments, you will need to be clued up to know how to manage your portfolio, especially when it comes to the stock market which can be volatile – particularly during a recession. Some people pay a financial advisor to deal with the pressures of monitoring their investments and moving stocks and shares.
There is always some level of risk involved when it comes to investing, but it’s how you choose to handle your finances that can limit losses and improve your bank account. If you don’t understand your investments, then essentially you are just gambling. Of course, it’s not a sure bet, but you can prevent mistakes and generate a healthy amount of income if you know what you are doing.
Recessions are out of our control, but how we choose to deal with them is a crucial part of successful investing.
“Buy land, they’re not making it anymore.” – Mark Twain.
One of the more stable assets when it comes to investment is property, and more importantly, the land on which it sits. Land may be a finite resource, but you will still need to know how to select the right plot, in the right location, that has approved residential planning; otherwise, it will not have much value to you.
This statement makes a pretty simple point. As populations increase throughout the world, people need places to live, meaning an ever-increasing demand for more land.
“Never spend your money before you have earned it.” – Thomas Jefferson.
Smart investors know how to control their money and are never controlled by it. This all boils down to learning, planning, and executing a strategy. Transform your mindset with this quote and use it as a mantra to never sell yourself short paying for luxury items before deducting your bills and monthly expenses (the essential ones, of course).
Rule number one, do not spend money that you do not have unless it’s to invest in an asset that will pay for itself in the future. Too many people use credit as a way to pay for holidays, cars, and the finer things in life, even if they cannot afford to pay it off, and it’s impulsive spending habits such as this that can land you in a whole world of trouble. Credit cards and loans if misused can open up a vicious circle of high-interest charges and bad credit history that will only hinder your finances, not help them.
Which quote resonates with you the most, and what steps will you take to improve your finances?
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