The prospect of penury in age is so gloomy and terrifying that every man who looks before him must resolve to avoid it; and it must be avoided generally by the science of sparing. For, though in every age there are some who, by bold adventures, or by favorable accidents, rise suddenly to riches, yet it is dangerous to indulge hopes of such rare events; and the bulk of mankind must owe their affluence to small and gradual profits, below which their expense must be resolutely reduced.
Interpretation
This quote emphasizes the importance of financial prudence to avoid poverty in old age.
Lyndon B. Johnson's quote reflects the universal concern about financial security in later years. It warns against relying on unlikely fortunes and advocates for a disciplined approach to saving and spending, suggesting that most individuals will achieve wealth through consistent, small gains rather than relying on sudden wealth from luck or risk-taking. Thus, financial stability is best maintained by living within one's means and practicing the art of saving.
In practice
This quote can be shared in a financial literacy seminar to highlight the importance of budgeting.
You do not take a person who, for years, has been hobbled by chains and liberate him, bring him up to the starting line of a race and then say, "you are free to compete with all the others," and still justly believe that you have been completely fair. We seek not just legal equity but human ability, not just equality as a right and a theory but equality as a fact and equality as a result.
Peace is a journey of a thousand miles and it must be taken one step at a time.
We do this in order to slow down aggression. We do this to increase the confidence of the brave people of South Vietnam who have bravely born this brutal battle for so many years with so many casualties. And we do this to convince the leaders of North Vietnam-and all who seek to share their conquest-of a simple fact: We will not be defeated. We will not grow tired. We will not withdraw either openly or under the cloak of a meaningless agreement.
So far are we generally from thinking what we often say of the shortness of life, that at the time when it is necessarily shortest we form projects which we delay to execute, indulge such expectations as nothing but along train of events can gratify, and suffer those passions to gain upon us which are only excusable in the prime of life.
You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
If government is to serve any purpose it is to do for others what they are unable to do for themselves.
The seventh factor of the basic ingredients of genius, as determined from an extensive analysis of the lives of outstanding men of this nation, is *the habit of going the extra mile.* You will never be a genius unless you make it a habit to do more and better than you are paid to do, every single day of your life.
My advice for an entrepreneur just starting out is to differentiate yourself. Why are you different? What’s important about you? Why does the customer need you?
I had become so accustomed to succeeding that I no longer even remembered what it was like to fail.
Swallow your pride and be completely objective about your own poker skill level. Only then can you implement an effective betting strategy.
Success is not final, failure is not fatal: it is the courage to continue that counts.
Everybody's story of getting into the industry is just as difficult as the next person. Whether you come from money or no money, it's not easy... you have to offer yourself; you can't expect someone to get you.
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