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20 Great Nuggets of Personal Finance Advice

20 Great Nuggets of Personal Finance Advice

Some great financial advice as always from the Get Rich Slowly blog. Here’s the top five:

Be humble. “When you do not know a thing, to allow that you do not know it — that is knowledge.” — Confucius

Take calculated risks. “He that is overcautious will accomplish little.” — Friedrich von Schiller [accompanying graphic]

Have an emergency fund. “For age and want, save while you may; no morning sun lasts a whole day.” — Benjamin Franklin

Mix it up. “It is the part of a wise man to keep himself today for tomorrow and not to venture all his eggs in one basket.” — Miguel de Cervantes

It’s the portfolio, stupid. “Asset allocation’is the overwhelmingly dominant contributor to total return.” — Gary Brinson, Brian Singer, and Gilbert Beebower

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Economics, Finance

20 Great Nuggets of Personal Finance Advice