A Practical Guide to Personal Finance Quotes

“The frequency with which you address individual elements of your finances will vary from person to person, but there are some general guidelines. If you don’t revisit your finances frequently enough, then you will miss opportunities and increase waste, but if you revisit them too often, you will become hyperaware of every minor fluctuation,”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend

“Each financial decision you make is an expression of your life and your mind,”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend

“Inflation is the process by which the purchasing power of a currency decreases, meaning that you must pay more for things than you did in the past.”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend

“Selling short: You borrow a stock and sell it to someone else with a promise to repurchase it at a later date. This is done when you think a stock will go down in price, allowing you to sell it at the current market price and repurchase it at a lower price, then to sell it long or keep it with the expectation that the price will recover. Selling short is extremely risky because if a stock continues to increase in value, you could end up having to rebuy it at a price much higher than what you sold it for.”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend

“Financial management actually has very little to do with money – money is just a unit of measurement – financial management is about taking control of your life.”
― Michael Taillard, A Practical Guide to Personal Finance: Budget, Invest, Spend