Shoebox Investor

What is a shoebox investor? An investor who generally pays himself first. The idea is that any money you can store in a shoebox or piggy bank, should be invested in the market. It is not how much you invest, it is the time value of money you should focus on. The earlier you put the money in the market, the longer you keep it in, the higher the chances of reaping the benefits of accumulating dividends. The reinvested dividends will buy you more shares.

Pay yourself first

Saturday, March 15, 2008

Excerpts from the book "The Donald J. Trump "How to Get Rich"


Here are some of the excerpts from the book in which I felt are good quotes to highlight..

"I lost momentum. I was out of the world for twenty years, I came back, and I wasn't the same." Donald discussing about his friend, Mr. Levitt. "No matter what you're managing, don't assume you can glide by. Momentum is something you have to work at to maintain."

"You're on the runway, buy your feel supply is the problem. You won't get off the ground without it. Feed yourself some positive thoughts and you can take off at any time."

"Think of their criticism as a compliment, proof of your significance."

"My parents were frugal in the sense that they knew it wasn't easy to make money, and that it should be treated with respect. They lived well but simply, and were not flamboyant in their spending. We rarely went out to eat. We took relatively few elaborate vacations."

"College kids today are more money savvy, perhaps, than kids from earlier generations. They seem serious about their money. This is a good sign, because the sooner you understand the value of money, the more likely you are to possess large amounts of it."

"Don't be confined by your expectations. Sometimes, what we think we want and what we actually want are two different things."

"Beware of little expenses. A small leak will sink a great ship."

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