Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Suze OrmanRead
Never, ever invest money that you will need prior to three to five years - minimum.
Interpretation
What this quote means
Investing requires patience, and you should only invest money that you won't need for a few years.
Suze Orman's quote emphasizes the importance of timing in investments. It warns against investing funds that might be needed in the short term, as markets can be volatile and unpredictable in the immediate future. By suggesting a minimum of three to five years before needing the invested money, she advocates for a long-term investment strategy that allows for market fluctuations and the potential for growth.
Themes
InvestmentMoneyFinancePatienceStrategyLong-Term
In practice
Example use cases
During a financial seminar, to emphasize the importance of long-term investing.
More from Suze Orman
All quotes βBad debt is sacrificing your future day needs for your present day desires.
Suze OrmanRead
We are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Suze OrmanRead
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Suze OrmanRead
Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.
Suze OrmanRead
So many financial dreams are thwarted by the failure to act upon good intentions.
Suze OrmanRead
Similar quotes
There are no shortcuts when it comes to getting out of debt.
Dave RamseyRead
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
John C. BogleRead
Liquidity is a good proxy for relative net worth. You can't lie about cash, stocks, and bond values.
Mark CubanRead
There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope.
Paul SingerRead
If I subscribed to the efficient market theory I would still be delivering papers
Warren BuffettRead
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
Robert KiyosakiRead