Sometimes my mistake has been hesitancy about acting on the decisions I've made. When's the best time to invest? It's today, not tomorrow.
Charles SchwabRead
When I was 14, I did all kinds of different odd jobs. I had a chicken farm, had an ice cream operation in the summertime, worked as a caddy; all things to make money and save money. Save money in order to invest - that was the first step, though I never really accumulated very much because of other demands like bicycles and things like that.
Interpretation
What this quote means
Engaging in various jobs at a young age teaches the importance of saving and investing money.
This quote illustrates Charles Schwab's early experiences with work and money management. By taking on different odd jobs, he learned about the value of earning money and the discipline required to save and invest, despite facing challenges from personal spending. It emphasizes the significance of starting young in the realm of financial responsibility and investment, laying the groundwork for future success.
Themes
MoneySavingInvestingSuccessWork
In practice
Example use cases
During a financial literacy workshop, I shared this quote to emphasize the value of starting to save money early.
More from Charles Schwab
All quotes →Just because a stock is down doesn't mean it's a great buy.
Charles SchwabRead
Similar quotes
The measure of achievement is not winning awards. It's doing something that you appreciate, something you believe is worthwhile.
Julia ChildRead
If I had to select one quality, one personal characteristic that I regard as being most highly correlated with success, whatever the field, I would pick the trait of persistence. Determination. The will to endure to the end, to get knocked down seventy times and get up off the floor saying, ''Here comes number seventy-one!''
Richard DevosRead
Fame usually comes to those who are thinking about something else - very rarely to those who say to themselves, 'Go to, now, let us be a celebrated individual!'.
Oliver Wendell Holmes Sr.Read
When I was a boxer, I wanted to be champion of the world, not the richest man in the world.
George ForemanRead
Success comes to a writer as a rule, so gradually that it is always something of a shock to him to look back and realize the heights to which he has climbed.
P. G. WodehouseRead
I don't regret any of the places I went in football. Everything gave me an experience or memories that I'll have forever. We had more success in San Francisco, but it was a great time everywhere. I always had fun.
Steve YoungRead