Ankur Warikoo

“When I tell young parents about the power of compounding money, they often want to set money aside for their children’s future. “Setting aside” money for a child, however, is very different from encouraging a child to earn, save, and invest. ​Giving money promotes weakness and dependence. Teaching money lessons and cheerleading the struggle promotes strength, independence, and pride.”
― Andrew Hallam, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

“Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That's all you know about them.

We tend to judge wealth by what we see, because that's the (self-edit: only) information we have in front of us.”
― Morgan Housel, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”
― Morgan Housel, The Psychology of Money

“A parable: The Monk and the Minister Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the portly minister (in his fine robes) takes pity on the thin and shabby monk. Seeking to help, he says: “You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.” To which the monk replies: “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.” Most all of us fall somewhere between the two. As for me, it is better to be closer to the monk.”
― J.L. Collins, The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life