Best 204 Quotes & Tweets on Money management

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1

Don’t spend what you haven’t earned. Avoid financial debt. Don’t spend money you haven’t earned. Avoid social debt. Don’t spend goodwill you haven’t earned. Avoid calendar debt. Don’t spend (free) time you haven’t earned. The disciplined earner can be a guilt-free spender.

James Clear

James Clear

@JamesClear

2

Returns are made on the way up. Reputations are made on the way down.

Naval Ravikant

Naval Ravikant

@naval

3

You are richer than 93% of people. Not in money, but in time. 108 billion people have lived throughout history. 93% of them are dead. You have what every king and queen, every pharaoh and ruler, every CEO and celebrity of the past would give all their wealth for: Today.

James Clear

James Clear

@JamesClear

4

When failure is expensive, plan carefully. When failure is cheap, act quickly.

James Clear

James Clear

@JamesClear

5

College has never been more expensive, education has never been cheaper.

Sahil Lavingia

Sahil Lavingia

@shl

6

Investing in the stock market can turn $10,000 into $100,000. Investing in starting your own business can turn $1,000 into $1,000,000.

Sahil Lavingia

Sahil Lavingia

@shl

7

Solve via iteration. Then get paid via repetition.

Naval Ravikant

Naval Ravikant

@naval

8

Most failures are one-time costs. Most regrets are recurring costs. The pain of inaction stings longer than the pain of incorrect action.

James Clear

James Clear

@JamesClear

9

The Paradox of Freedom—the way to expand your freedom is to narrow your focus. Stay focused on saving to achieve financial freedom. Stay focused on training to achieve physical freedom. Stay focused on learning to achieve intellectual freedom. The disciplined become the free.

James Clear

James Clear

@JamesClear

10

Optimize for tomorrow—as in, literally, one day from now. Save to be a little richer tomorrow. Exercise to be a little fitter tomorrow. Read to be a little smarter tomorrow. 1% better every day.

James Clear

James Clear

@JamesClear

11

A paradox of life is that the greatest returns come in the long-term, but the opportunity cost of moving slowly is huge. Long-term thinking is not slow acting. Act fast on things that compound. Never let a day pass without doing something that will benefit you in a decade.

James Clear

James Clear

@JamesClear

12

Happiness generally isn't about making more money, but rather freedom. The freedom to say no to things you don't want to do. The freedom to say no to people you don't like. The freedom to not feel like you are obligated to say "yes." Freedom is saying yes when you want to.

Shane Parrish

Shane Parrish

@ShaneAParrish

13

Successful outcomes are built up through good choices over time. A profitable business is never a choice, it is a series of choices. A fit body is never a choice, it is a series of choices. A strong relationship is never a choice, it is a series of choices.

James Clear

James Clear

@JamesClear

14

Competing with everyone: $10/hr Competing with a few: $100/hr Selling a product: $1,000/hr Building equity: $10,000/hr Making a market: $100,000/hr

Sahil Lavingia

Sahil Lavingia

@shl

15

The future of education. Some predictions: 1. Home schooling will be extremely common 2. The stigma around tutoring will disappear. 3. The best independent online teachers will make more than of $1 million per year. A billion dollar business will be built in each space.

David Perell

David Perell

@david_perell

16

Customers have more money than VCs do.

Sahil Lavingia

Sahil Lavingia

@shl

17

Wealth is a game that compounds. Health is a game that plateaus (and then declines). As we age, we should spend more time staying fit and less time making money. Increasingly, working to ward off the effects of aging and allowing the effects of compounding take over.

James Clear

James Clear

@JamesClear

18

Build before you have to. - Build knowledge before you have to. - Build strength before you have to. - Build an emergency fund before you have to. Let internal pressure drive you today, so you can handle external pressure tomorrow.

James Clear

James Clear

@JamesClear

19

Time is not money. You can lose money and make it back. If you lose time, it's gone forever. Two implications: 1. Get to a point where you can trade money for time, not time for money. 2. Don't wait, start today. Tell someone how you feel. Start *that* project. ...

Shane Parrish

Shane Parrish

@ShaneAParrish

20

Spirituality is a luxury good. In olden times, you had to lower your wants, first. In modern times, you can raise your means instead.

Naval Ravikant

Naval Ravikant

@naval

21

Overrated goals: -Get a high-status job -Build a big social media following -Hit the bestseller list one week -Raise lots of money from investors Underrated goals: -Get a flexible job -Build a big email list -Write a book that sells every week -Earn lots of profit from customers

James Clear

James Clear

@JamesClear

22

The state of online learning: 1) YouTube will eat the low-end of the market. 2) People will pay 5-15x more for live courses. 3) The three biggest competitive advantages are the personality of a creator, the warmth of the community, and the quality of the student experience.

David Perell

David Perell

@david_perell

23

Physical monopolies (phone company, electric utility) aggregate supply and raise prices. They underpay for demand and make excess profits. Digital monopsonies (search engine, social network) aggregate demand and lower prices. They underpay for supply and make excess profits.

Naval Ravikant

Naval Ravikant

@naval

24

Needless commitments are more wasteful than needless possessions. Possessions can be ignored, but commitments are a recurring debt that must be paid for with your time and attention. “The price of anything is the amount of life you exchange for it.” —Henry David Thoreau

James Clear

James Clear

@JamesClear

25

Key to hospitality: add a bonus. • If you run a hotel, give people an extra 30-minutes to check-out. • If you run a restaurant, thank guests with a free small dessert. • If you run a bakery, keep small cookies on the counter. Short-term costs create long-term loyalty.

David Perell

David Perell

@david_perell

26

How to run a profitable company: Revenue - Expenses ——————— = Profit IMPORTANT NOTE: Make sure expenses are lower than revenue.

Andrew Wilkinson

Andrew Wilkinson

@awilkinson

27

You get paid linearly for doing what everyone else is doing. You get paid non-linearly for correct divergence from the crowd.

Shane Parrish

Shane Parrish

@ShaneAParrish

28

Let’s set the record straight. Attention spans aren’t falling. Opportunity costs are just rising. Big, big difference. People love long, in-depth content. But it needs to be really, really good.

David Perell

David Perell

@david_perell

29

Getting a PhD is far more expensive than I initially realized. The true cost of a PhD is not merely the cost of school. You lose nearly a decade of earnings during the exact period when your savings would compound the most. Even if you get a full ride, it might not be worth it.

James Clear

James Clear

@JamesClear

30

Visible work gets paid linearly for output. Non-visible work gets paid exponentially for outcomes.

Shane Parrish

Shane Parrish

@ShaneAParrish

31

When an online course tells you how to make money in real estate remember they are making money by selling online courses. When a conference covers how to build an online business remember they are building an event business. Learn from what people do as much as what they say.

James Clear

James Clear

@JamesClear

32

If you think it’s expensive to hire a talented employee, wait till you hire an untalented one.

Shane Parrish

Shane Parrish

@ShaneAParrish

33

When invested wisely, time compounds faster money.

James Clear

James Clear

@JamesClear

34

The two-sentence guide to wealth and weight loss: Spend less than you earn. Eat less than you burn.

James Clear

James Clear

@JamesClear

35

It costs nothing to ask a successful person how they succeeded, but it may deliver more value than 1,000 hours of hard work. Others are under no obligation to tell you their secrets, but it is surprising how much you can learn from sincere, direct, and thoughtful questions.

James Clear

James Clear

@JamesClear

36

Increasingly, I believe getting rich and staying rich require different skills. Qualities needed for getting rich: -focused -optimistic -confident -lucky Qualities needed for staying rich: -diversified -pessimistic -humble -lucky Ideally, you’d learn to alternate as needed.

James Clear

James Clear

@JamesClear

37

Let me just lay this to rest: 🚫 People don’t bootstrap their businesses. 👉 They self-fund them. 🚫 People don’t have lifestyle business. 👉 They have cash flow businesses.

Hiten Shah

Hiten Shah

@hnshah

38

It’s not that paying down technical debt will make your startup successful. It’s that successful startups have the luxury of paying down technical debt.

Naval Ravikant

Naval Ravikant

@naval

39

Don’t write a book but instead start a subscription only newsletter. 20x more money plus recurring revenue.

Keith Rabois

Keith Rabois

@rabois

40

The first trillion is the hardest

Brian Norgard

Brian Norgard

@BrianNorgard

41

One pitfall of modern life is that we often measure ourselves by that which is easy to measure. -the number on the scale -the ROI of the portfolio -the number of likes on a post It is unlikely that what can be measured is the best way to measure a life. You are not a number.

James Clear

James Clear

@JamesClear

42

They tell you software makes money while you sleep. They don't tell you that making software might make you sleep less.

Sahil Lavingia

Sahil Lavingia

@shl

43

Turn your time into skill. Your skill into authority. Your authority into an audience. Your audience into an income. Your income into freedom. And your freedom into others’.

Sahil Lavingia

Sahil Lavingia

@shl

44

Wonder if Twitter has the highest average IQ, and therefore the lowest ad revenue of the major social networks.

Naval Ravikant

Naval Ravikant

@naval

45

Learning to manage a team of engineers is much more profitable than learning to code.

David Perell

David Perell

@david_perell

46

Growth tips/tricks are like "Get rich fast" schemes- they promise instant results, but they don't work The real answer is painstaking iteration to get p/m fit, nailing a single growth channel, layering on over time, hiring teams and building repeatable systems Get rich slow

Andrew Chen

Andrew Chen

@andrewchen

47

If you sell a subscription for $10/mo, and you add just 1 net new customer per day... After 5 years: - you'd have collected $547K. - you'd be doing $18K/month in revenue. Failing fast isn't the only option. You can also try to succeed slowly.

Daniel Vassallo

Daniel Vassallo

@dvassallo

48

Investors may prefer tokens over equity - tokens give direct ownership of revenue, equity may be profits trapped inside corporate structure.

Naval Ravikant

Naval Ravikant

@naval

49

If you make something enough people want and pay for, you will win regardless of what anyone else thinks or says.

Sahil Lavingia

Sahil Lavingia

@shl

50

Startups don't die when they run out of cash, they die when the founders run out of energy.

Naval Ravikant

Naval Ravikant

@naval