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What I’ve Learned About Money

I’m only 26, but I’ve learned a few big lessons about money for a young guy. What have you learned?

Earning a living is hard work; not spending it all is even harder. The root of all evil is not money, but greed.

Patience makes poor men rich; impatience makes poor men poorer.

Like a flock of sheep, money requires a shepherd. Money left untended will bleed away.

Desire, determination, and discipline can take you anywhere. Worrying takes you nowhere.

We can’t take money with us when we die, but we don’t have to wait until we die until we share.

The fool believing money buys happiness will be happy as soon as he gets a bigger yacht and faster jet.
 
The pain of repaying debt lasts far longer than the pleasure of a new purchase.

Money is only as important as you make it.

Love money all you want; but it will never love you back.

What have you learned about Money? Please share your lessons in a comment.

About David Weliver

David Weliver is the founding editor of Money Under 30. He's a cited authority on personal finance and the unique money issues we face during our first two decades as adults. He lives in Maine with his wife and two children.

Comments

  1. Awesome reflections, Dave. I agree with every one of them. Some of the most content people I know are those who actually have very little in the way of money. But a posture of not making money our “idol” is necessary for everyone, even those who don’t have very much of it.

    Like many things, $ can be an incredible tool for good … or a cause of great strife and discord.

    I enjoy reading your writing … keep it up!