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Financial Success

Do you want to be richer? Maybe you want to replicate the financial success that's been achieved by some famous people? Short of winning the National Lottery, how can you expect to replicate that success?

Looking into what others have said on this subject can provide some useful hints and tips.

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today" - Laurence J Peter

Peter was an academic and an educator. He's best know for The Peter Principle, where he states that "In a hierarchy every employee tends to rise to his level of incompetence ... in time every post tends to be occupied by an employee who is incompetent to carry out its duties ... Work is accomplished by those employees who have not yet reached their level of incompetence."

Both of these quotes have plenty to tell us. The second is particularly well-informed, some would say, when looking at the world of work and management.

But we may have strayed slightly from the original quote, which is equally cutting about economists. It's something that many of us may have reflected on in the past few years. Few economists seemed to predict the Credit Crunch and the associated global economic problems. So how much insight can they really offer?

Maybe the lesson here is that we should listen to economists but not rely on them too heavily when taking decisions that will have an impact on our everyday lives.

"If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability." - Henry Ford

Henry Ford was, of course, the founder of the Ford Motor Company. He established an incredibly successful company and became rich as a result. But there's more to life than money - that's something that all of us may wish to remember at times.

"A budget tells us what we can't afford, but it doesn't keep us from buying it" - William Feather

William Feather was a publisher and author. He lived and worked in Cleveland, Ohio. We're very fond of this quote. It highlights the importance of self control. It some senses, it reminds us of the quote that: "you can lead a horse to water, but you can't make it drink".

Budgets can be extremely valuable, but drawing up a budget is only half of the work. In many senses, the real challenge is sticking to that budget. It's here that so many people fall down.

We love to read quotes about business and finance. We hope that they give you some insight when thinking about your own situation and your hopes for financial success.

More about finances

You can read more finance hints and tips in our online guides.