The single biggest difference between financial success and financial failure is how well you manage your money. It's simple: to master money, you must manage money.
I have not failed. I've just found 10,000 ways that won't work.
All financial success comes from acting on a plan. A lot of financial failure comes from reacting to the market
You are NOT a financial failure if you rent. You are getting something for your money. A roof over your head.
Anyone interested in the past, present, or future of banking and financial crises should read The Bankers' New Clothes. Admati and Hellwig provide a forceful and accessible analysis of the recent financial crisis and offer proposals to prevent future financial failures. While controversial, these proposals--whether you agree or disagree with them--will force you to think through the problems and solutions.
I believe my publisher has shown a great deal of faith in me over a lot of years but I'm not prepared to be so arrogant to say that the long-term literary value of my work would compensate them for a financial failure.
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
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