One Line of Financial Advice?
I borrowed this from a Reddit Post about one line of advice, but I think it is pertinent to the current generation. My favorite one line of advice is from the The Princess Bride :
Never go against a Sicilian when death is on the line
This seems obvious to me (and Vizzini), but be that as it may here are some great one line pieces of financial advice:
- A fool and his money are soon parted, is a true one line piece of advice, so why don’t fools listen?
- Never select your credit card solely on how cool the graphics are on the card, which says that the KISS Visa card may not be your best selection.
- Always pay with cash, useful advice, but also remember to know where your wallet is, especially if you are carrying a lot of cash
- Neither a borrower nor a lender be, Shakespeare was right on that one.
- Pay day loans are the devil’s own work, not sure if I can be any clearer on that one.
- Debt is a four letter word, again a standard message here, but a good one liner
- If you don’t understand it, don’t invest in it, again seems obvious, and if it is good enough for the Wizard of Omaha, it is good enough for you.
- Following the herd only gets your shoes covered in poop, think about that one.
There are many others, and I now challenge my readers to add more of these useful one liners (for finance please, or at least a finance theme) in the comments.
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November 1st, 2011 at 7:57 AM
Never get involved in a land war in Asia.
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November 1st, 2011 at 9:49 AM
Useful quotes, although I never pay with cash. I like the automatic recordkeeping of paying with a credit card. The frequent flier miles is another objective.
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November 1st, 2011 at 11:36 AM
I’ve always liked “A penny saved is a penny earned.” It’s such a simple concept–that saving today earns you wealth tomorrow–but it’s so easy to forget in our culture of instant gratification.
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November 1st, 2011 at 12:32 PM
[...] One Line of Financial Advice?: What’s your favorite financial advice? THE Canadian Personal Finance Blog lists some great one-liners when it comes to financial advice. I’m with him; The Princess Bride is awesome. [...]
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November 2nd, 2011 at 4:34 AM
Very true Vizzini, anyone want a peanut?
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November 2nd, 2011 at 9:23 PM
from my dad (or his dad?): It’s not how much you get paid, it’s how much you *save*.
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November 3rd, 2011 at 4:47 AM
Good one!
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