We all have opinions about money, whether that’s how to earn it, spend it, or grow it. But when it comes to financial wisdom, some words stand the test of time. If you’re building your savings from scratch or feeling stuck on your journey, these financial quotes can give you the inspiration and motivation to keep moving forward.
14 Financial quotes to motivate your financial growth
Here are 14 financial quotes from money experts to help you get unstuck and set your financial goals.
“Every time you borrow money, you’re robbing your future self.” — Nathan W. Morris
Every loan or credit card charge comes with interest, which means you’ll have to work harder to pay it back. And though some debt can be useful, like a mortgage or student loan, unnecessary borrowing can jeopardize your future financial stability.
The takeaway: Before taking on debt, ask yourself if it’s truly worth the long-term cost. If it’s not something that will benefit you in the future, you may want to wait, save up, or find a different way to afford it.
“Beware of little expenses. A small leak will sink a great ship.” — Benjamin Franklin
Though a $5 dollar coffee here and there may not seem like much, small purchases can quickly add up. While it’s easy to keep your larger expenses in check, it’s not so easy to count all the small, everyday expenses.
The takeaway: Those little expenses add up and can quickly put a dent in your wallet. This is why having a budget is so important. To keep yourself in check, evaluate your expenditures every month and try to cut back on any miscellaneous, unbudgeted expenses.
“Do not save what is left after spending, but spend what is left after saving.” — Warren Buffett
Many people make the mistake of spending first and saving whatever is left over – if anything. Instead, Buffett suggests you pay yourself first by setting aside savings and investments before covering discretionary expenses.
The takeaway: Pay yourself first, and don’t spend more than you have available. If you need help figuring out how much you can spend each month, use a budgeting calculator to help you crunch the numbers.
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” — Philip Fisher
This quote by Philip Fisher, legendary investor and author of Common Stocks and Uncommon Profits, is a reminder not to get caught up in short-term price swings. Real wealth comes from understanding an investment’s long-term potential.
The takeaway: Don’t chase trends or try to time the market. Instead, focus on long-term investments with strong fundamentals.
“You must gain control over your money, or the lack of it will forever control you.” — Dave Ramsey
Everyone faces a difficult financial period at some point. But instead of panicking or becoming overwhelmed, remember that you have the power to regain control. If you don’t learn to stay on top of your money, your life will be controlled by the lack of it.
The takeaway: No matter how bad your financial situation is, try your best to regain control of it so your future isn’t negatively affected. For example, if you’re buried in credit card debt, you can still turn your financial situation around by using the debt snowball method or consolidating your debts.
“Financial freedom is available to those who learn about it and work for it.” — Robert Kiyosaki
Want to save $10,000 or start your own business? Thinking about it won’t make it happen. Only taking action will. Even though every financial goal starts as an idea, real progress only comes when you take the first step.
The takeaway: Turn your thoughts into actions. Financial goals are only useful if you actually follow through and achieve them as part of your financial plan.
“Personal finance is only 20% head knowledge. It’s 80% behavior.” — Dave Ramsey
According to Dave Ramsey, your finances reflect your behavior more than your financial knowledge.
The takeaway: Knowledge alone doesn’t build wealth. Action does. If you haven’t already, start building positive money habits like budgeting or automating your savings.
“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” — Suze Orman
Financial guru Suze Orman is a proponent of saving money because it can help you deal with the stress of unexpected expenses.
The takeaway: Instead of worrying about how you’ll pay for unexpected expenses, consider starting an emergency fund. Most financial experts suggest putting away at least three to six months’ worth of expenses to give yourself a financial safety net when life throws surprises your way.¹
“Money is a terrible master but an excellent servant.” — P. T. Barnum
If you don’t manage your money well, it can end up controlling your life decisions. So, instead of letting money become your master, use it as a servant to build the life you want.
The takeaway: Learning how to use money as a tool to build wealth will give you more control over your life and help you unlock financial progress™.
“Someone’s sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett
Financial progress doesn’t happen overnight. Just like how a tree takes years to grow and provide shade, wealth-building requires time and consistent effort.
The takeaway: The earlier you start putting money away, the more you benefit from compound interest. For example, if you start investing $200 each month at 25, you’ll have around $698,000 by 65 (assuming an 8% annual return). But if you wait until 35 to invest the same amount, you’ll only have $298,000 by 65. Waiting just 10 years cuts your wealth by more than half.
“Don’t tell me where your priorities are. Show me where you spend your money, and I’ll tell you what they are.” — James W. Frick
Where your money goes shows what truly matters to you. You can say you value saving or personal growth, but if your spending doesn’t reflect that, do you really value those things?
The takeaway: If your budget doesn’t match your priorities, it’s time to reassess it. For example, if you want to travel more, save for a house, and build a nest egg, make sure that you create a savings bucket for each and that your spending reflects those goals.
“It’s simple arithmetic: Your income can grow only to the extent that you do.” — T. Harv Eker
T. Harv Elker, author of Secrets of the Millionaire Mind, is an advocate of personal development. He claims your income is a direct reflection of your personal growth.
The takeaway: Investing in yourself is one of the best ways to boost your earning potential. You can do so by getting certifications or attending workshops relevant to your career. You can find platforms that offer courses on high-income skills like graphic design and coding.
“You don’t have to be rich to be a philanthropist, just as you don’t have to be rich to invest.” ― Ramit Sethi
You don’t have to be a millionaire to invest, and you don’t need a trust fund to make a difference. Small steps add up, whether that’s putting $20 into an index fund or donating to a cause you care about.
The takeaway: Stop waiting until you have “enough” money to start investing. There will never be a perfect time. Investing and giving are habits, not privileges reserved for the ultra-rich.
“In fact, what determines your wealth is not how much you make but how much you keep of what you make.” ― David Bach
According to David Bach, author of Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams, you can make all the money you have ever imagined, but if you can’t save that money, you have nothing.
The takeaway: It’s easy to fall into the lifestyle inflation trap when your income increases. But if your spending rises just as fast as your paycheck, you’ll always feel like you’re living paycheck to paycheck, no matter how much you make. If you need help putting money away, use digital nudging, like setting up automatic transfers to your savings so you don’t have to rely on willpower.
Master your money and grow your wealth
Reading these 14 financial quotes won’t magically improve your financial health – you have to put them into action to see results. So, if you haven’t already, start a budget, build an emergency fund, pay down your high-interest debts, and automate your savings. The sooner you master your money, the closer you’ll be to achieving financial freedom.
If you need help with basic money management, like keeping your grocery bills under control or creating a detailed monthly budget, check out our guide on how to use ChatGPT to manage your money.