I can’t remember ever being so engrossed in a speech. I’ve been known to nod off and yawn repeatedly because of boredom. That did not happen when I attended the Fortress Fund Managers Investment Forum over the weekend. Valerie Coleman Morris was the keynote speaker and her area of expertise is personal finance.
She admitted that she was a fan of Warren Buffett and she used several of his quotes throughout her presentation. Seeing that it was impossible to write every single word that she said, I will use some of her quotes to give you a quick recap of her speech.
- “Panic is not the answer; having a plan is.”
- “What can this dollar do for me, or what can I do with this dollar?”
- “There is nothing like a financial crisis to get everyone’s attention.”
- “Money is like oxygen – it flows.”
- “Keep emergency money in a fluid account that is easily accessible.”
- ” We all have the ability to control our money.”
- “Building wealth should be the goal in good times and bad times.”
- “Spend wisely, save wildly.”
- “Live below your means.”
- “Buy low and sell high.”
- “Goals make you more deliberate on staying on course.”
- “Attach a goal to your money.”
- “Commit to wealth building by feeling wealthy.”
- “Make a plan, make a better plan, make another plan.”
- “Panic is not a strategy.”
- “Practice retirement before you get into it.”
- “In your twenties, create a budget; make a note of your inflows and outflows; pay down your debt; join a savings plan.”
- “In your thirties, maintain a six to nine month emergency fund; protect your money with insurance; join a savings plan.”
- “In your forties, eliminate debt; keep your spending under control; prepare for the uncertainties – divorce and widowhood.”
- ” Know your credit history – get your credit reports and read them.”
- “Protect yourself from identity theft.”
- “Pay yourself first – save, save, save.”
- “Define and distinguish your wants and needs.”
- “Start educating your children from young.”
- “Patience, persistence, perseverance.”