Posts Tagged ‘retired’

Felix Dennis: Wealth Preservation

Posted by admin on Sunday, October 24, 2021

Felix Dennis Money Quote saying that unless you’ve stopped working altogether, that making money is a great way to preserve wealth. Felix Dennis said:
 
Unless you are completely retired, earning money is the best form of wealth preservation Quote
 

“Unless you are completely retired, earning money is the best form of wealth preservation” — Felix Dennis

 

Share </> Quote Image

Share the Felix Dennis Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Felix Dennis seems to be emphasizing the importance of continued income generation for maintaining one’s financial prosperity and security over time. The best interpretation is:

  • Dennis states that as long as one is not fully retired, actively “earning money” through work, business ownership or investments is the most reliable means of “wealth preservation.”
  • He implies that relying solely on existing assets or savings carries more risk of depletion from inflation, taxes, expenses or market volatility compared to earning a living.
  • Dennis appears to believe maintaining revenue streams is crucial for sustaining wealth, as it provides new inflows to offset costs and replenish resources on an ongoing basis better than passive assets alone.

Overall, the quote conveys Dennis’ perspective that as long as retirement has not begun, the surest path to preserving one’s prosperity is through ongoing income generation activities that supplement existing wealth, rather than assuming current assets in isolation can reliably maintain one’s standard of living long-term according to his view on optimizing long-run financial preservation.

Steven J. Lee: Investment Advisor Smarts

Posted by admin on Sunday, August 20, 2017

Steven J. Lee Money Quote saying Take care in who you trust to handle your money, based on their personal success at investing their own money. Steven J. Lee said:
 
Shalt not worship investment advisor, if so smart would be retired by now Quote
 

“Thy shalt not worship thy investment advisor, for if she were so smart she would be retired by now” — Steven J. Lee

 

Share </> Quote Image

Share the Steven J. Lee Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Steven J. Lee is cautioning against putting too much blind faith or trust in an investment advisor’s recommendations and abilities. By saying “Thou shalt not worship thy investment advisor”, he means people should not idolize or revere their advisor as infallible.

Lee then argues that if an advisor truly had unparalleled insight or predictive powers, they would have amassed enough wealth from successful investing to have already “retired by now.”

This implies that even professionals cannot forecast markets or returns with certainty. Overall, the quote encourages skepticism of advisors and emphasizes that investors should make independent assessments rather than assume advisors necessarily know more or have special gifts according to this interpretation.

Richard Rainwater on Luck & Timing

Posted by admin on Saturday, February 16, 2013

Richard Rainwater Money Quotation saying luck plays a bigger role in wealth than many believe – but access to the right place doesn’t come to everyone. Richard Rainwater said:
 
I’m just a retired guy who made a couple billion by being in the right place at the right time Quote
 

“I’m just a retired guy who made a couple billion by being in the right place at the right time” — Richard Rainwater

 

Share </> Quote Image

Share the Richard Rainwater Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

Money Quotes Daily

Money Quotes Daily