As we all know, the Internet is overflowing with inspirational quotes about life, love and leadership.
To find quotes about finance, however, you have to dig a little deeper.
After hours of painstaking digital research, here are the 13 most insightful quotes we could find about money and finance, according to some of history’s most dynamic figures—from Einstein to Adam Smith to Margaret Thatcher.
These nuggets of wisdom may not leave you with a warm, cozy feeling, but you might smile at the unvarnished truths about money management that they convey.
(Editor’s Note: there’s some debate as to the accuracy of Einstein’s quote about compound interest—even Snopes.com rules its validity as “undetermined.”)
“It is not the creation of wealth that is wrong, but the love of money for its own sake.”
“People stop buying things, and that is how you turn a slowdown into a recession.”
—Janet Yellen, former Federal Reserve Chair
“Money won’t create success. The freedom to make it will.”
“Beware of little expenses. A small leak will sink a great ship.”
“A bank is a place that will lend you money if you can prove that you don’t need it.”
“Money does not change the sickness, only the symptoms.”
“Never test the depth of a river with both feet.”
“To turn $100 into $110 is work. To turn $100 million into $110 is inevitable.”
“Under capitalism, man exploits man. Under communism, it’s just the opposite.”
—John Kenneth Galbraith
“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor. It’s about stewardship and, therefore, about achieving the good society.”
—Robert J. Shiller
“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.”
—Adam Smith, The Wealth of Nations
“The market can stay irrational longer than you can stay solvent.”
—John Maynard Keynes
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
Sources: Brainyquote.com, Goodreads.com, Snopes.com, Wikiquote.com, Forbes, The Wall Street Journal, Quoteinvestigator.com