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.
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