Advertising
Advertising

40 Powerful Quotes That Will Inspire Your Mind For True Wealth

40 Powerful Quotes That Will Inspire Your Mind For True Wealth

The world is full of people looking for quick money and wealth, especially in this age of information technology and instant gratification. There is nothing particularly wrong with that, but too often we miss the mark in our quest for wealth and material possessions and fall short of what we truly desire in life. Here are powerful quotes and words of wisdom from some of the greatest thinkers and achievers in history that will inspire your heart and mind for true wealth and happiness in life.

On the True Measure of Wealth

1. “Wealth consists not in having great possessions, but in having few wants.” —Epictetus

2. “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” —Ayn Rand

3. “The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application.” —Miguel de Cervantes

4. “Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money.” —Indian Proverb

5. “One man to live in pleasure and wealth whilst all other weep and smart for it, that is the part not of a king, but of a jailor.” —Thomas More

6. “We make a living by what we get. We make a life by what we give.” —Winston Churchill

7. “The real measure of your wealth is how much you’d be worth if you lost all your money.” —unknown

8. “The wealth of a soul is measured by how much it can feel… its poverty by how little.” —Sherrilyn Kenyon

9. “Integrity is the essence of everything successful.” —R. Buckminster Fuller

Advertising

10. “To be wealthy and honored in an unjust society is a disgrace.” —Confucius

Whinston Churchil

    Image: thenext28days via flickr

    On Taking Charge of Your Wealth

    11. “Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else’s hands, but not you.” —Jim Rohn

    12. “Destiny is as destiny does. If you believe you have no control, then you have no control.” —Wess Roberts

    13. “If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” —Edmund Burke

    14. “Be master of your petty annoyances and conserve your energies for the big, worthwhile things. It isn’t the mountain ahead that wears you out – it’s the grain of sand in your shoe.” —Robert Service

    15. “Create a set of great personal values and surround yourself with the right people that can form your support system. Have an optimistic spirit and develop a strong purpose that you completely believe in and everything you can imagine is possible, for you.” —Andrew Horton

    16. “I am grateful for the blessings of wealth, but it hasn’t changed who I am. My feet are still on the ground. I’m just wearing better shoes.” —Oprah Winfrey

    17. “Wealth is the slave of a wise man. The master of a fool” —Seneca

    Advertising

    18. “A wise man should have money in his head, but not in his heart.” —Jonathan Swift

    19. “An investment in knowledge pays the best dividends.” —Benjamin Franklin

    20. “Anything that you learn becomes your wealth, a wealth that cannot be taken away from you; whether you learn it in a building called school or in the school of life. To learn something new is a timeless pleasure and a valuable treasure. And not all things that you learn are taught to you, but many things that you learn you realize you have taught yourself.” ― C. JoyBell

    Benjamin Franklin

      Image: trustypics via flickr

      On Pursuing Wealth and Happiness

      21.“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” —Franklin D. Roosevelt

      22. “It’s a kind of spiritual snobbery that makes people think they can be happy without money.” —Albert Camus

      23. “Money is neither my god nor my devil. It is a form of energy that tends to make us more of who we already are, whether it’s greedy or loving.” —Dan Millman

      24. “What good is money if it can’t buy happiness?” —Agatha Christie

      25. “View money and things not as something you create to fill a lack, but as tools to help you more fully express yourself and realize your potential.” —Sanaya Roman and Duane Packer

      Advertising

      26. “Acknowledging the good that you already have in your life is the foundation for all abundance.” —Eckhart Tolle

      27. “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” —Oprah Winfrey

      28. “Both abundance and lack exist simultaneously in our lives, as parallel realities. It is always our conscious choice which secret garden we will tend… when we choose to be grateful for the abundance that’s present — love, health, family, friends, work, the joys of nature and personal pursuits that bring us pleasure — the wasteland of lack falls away and we experience heaven on Earth.” —Sarah Ban Breathnach

      29. “Seek not greater wealth, but simpler pleasure; not higher fortune, but deeper felicity.” —Mahatma Gandhi

      30. “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” —Herman Cain

      Virgil Finlay

        Image: Thomas Shahan 3 via flickr

        On Attaining Wealth

        31. “It is not in everyone’s power to secure wealth, office, or honors; but everyone may be good, generous, and wise.” —Luc De Clapiers

        32. “Education is the great engine of personal development. It is through education that the daughter of a peasant can become a doctor, that the son of a mineworker can become the head of the mine, that a child of farm workers can become the president of a great nation. It is what we make out of what we have, not what we are given, that separates one person from another.” —Nelson Mandela

        Advertising

        Nelson Mandela

          Image: redtouchmedia via flickr

          33. “The tragedy of life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach.” —Benjamin E. Mayes

          34. “One important key to success is self-confidence. An important key to self-confidence is preparation.” —Arthur Ashe

          35. “When we feel stuck, going nowhere – even starting to slip backward – we may actually be backing up to get a running start.” —Dan Millman

          36. “Be ready when opportunity comes…. Luck is when preparation and opportunity meet.” —Roy D. Chapin Jr.

          37. “What is opportunity, and when does it knock? It never knocks. You can wait a whole lifetime, listening, hoping, and you will hear no knocking. None at all. You are opportunity, and you must knock on the door leading to your destiny.” —Maxwell Maltz

          38. “Fortune sides with him who dares.” —Virgil

          39. “No man should receive a dollar unless that dollar has been fairly earned.” —Theodore Roosevelt

          40. “No wealth can ever make a bad man at peace with himself” —Plato

          Featured photo credit: Celestine Chua via flickr.com

          More by this author

          David K. William

          David is a publisher and entrepreneur who tries to help professionals grow their business and careers, and gives advice for entrepreneurs.

          25 Memory Exercises That Actually Help You Remember More 12 Simple Ways to Boost Your Confidence Right Now 10 Amazing Health Benefits Of Beer You Probably Never Knew 15 Funny Idioms You May Not Know (And What They Actually Mean) Great Leaders Remember to Offer These 10 Things All The Time

          Trending in Money

          1 The Definitive Guide to Get out of Debt Fast (and Forever) 2 25 Easy Tips on How to Save Money Fast 3 What Is a Good Credit Score (And How to Get One) 4 9 Millionaire Success Habits That Will Inspire Your Life 5 10 Reasons Why Following Your Passion Is More Important Than Money

          Read Next

          Advertising
          Advertising
          Advertising

          Last Updated on July 10, 2020

          The Definitive Guide to Get out of Debt Fast (and Forever)

          The Definitive Guide to Get out of Debt Fast (and Forever)

          Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

          Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

          Identifying All of Your Debts

          The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

          Here’s how you can get started identifying your debts:

          1. Own Your Debt

          Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

          Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

          2. Make a Debt Tracker

          It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

          Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

          3. Get Your Debt Number

          Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

          Prioritizing Your Debts

          All debt is not created equal. It’s imperative to understand that there are different types of debt.

          Advertising

          1. Understand Bad and Good Debts

          Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

          There are three main types of bad debt:

          • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
          • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
          • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

          Good debt is identified as investments in your future. Here are three common types of good debt:

          • Student Loan Debt
          • Mortgage Loan
          • Business Loans

          2. Decide Which Debt to Pay off First

          Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

          Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

          If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

          3. Don’t Pay the Minimum Amount

          Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

          Removing Obstacles to Pay off Debt Quickly

          Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

          1. Set a Reminder to Track Your Debt

          “If you can’t measure it you can’t manage it.” -Peter Drucker

          It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

          Advertising

          Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

          Set weekly and monthly goals so you can have short term wins and keep the momentum going.

          2. Hide Your Credit Cards

          If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

          Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

          3. Automate Everything

          Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

          4. Plan Ahead

          Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

          For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

          5. Live Cheaply

          The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

          • Live with roommates
          • Cook dinners and prepare lunches for work instead of eating out
          • Cut cable and choose Netflix or Amazon Prime
          • Take public transit or bike to work

          Finding the Lowest Interest Rates

          The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

          If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

          Advertising

          1. Maintain a High Credit Score

          Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

          • Never miss a payment
          • Don’t exceed 30% of your credit limit
          • Don’t sign up for more than one card at once
          • Limit hard inquires, like auto-loans and new credit cards
          • Monitor frequently with free credit-tracking software

          2. Find Balance Transfer Offers

          Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

          Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

          If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

          How to Get Rid of Debt Forever

          Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

          1. Keep Monitoring and Adjusting

          Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

          Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

          2. Earn More Money

          There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

          Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

          Here are some examples of ways to earn more money:

          Advertising

          Talk to Your Boss

          Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

          Start a Side Hustle

          This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

          Build an Online Business

          There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

          3. Celebrate Your Wins

          As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

          While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

          4. Set New Financial Goals

          Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

          Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

          These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

          Conclusion

          Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

          Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

          More Tips on Getting out of Debt

          Featured photo credit: Pepi Stojanovski via unsplash.com

          Reference

          Read Next