112. We can’t build a house on top of sand. Either borrowing or printing too much money will only lead to a bankrupt government.
導向成功的金玉良言 --- 成功秘碼 28條
We can’t build a house on top of sand, nor can we save the economy by printing more bills.
To stand tall through storms, you must build the house on top of a solid bedrock, and not on a loose pile of sand.
In order to transform from an era of borrowing and spending to one of saving and investing, you must first learn to trim down on your expenses and sacrifice some luxuries.
Without savings or investment, you can’t have a bright future. Living on borrowed money will only bring you disaster.
Never fall into pessimism. Always keep your hope for tomorrow, and you’ll have hope for everything else.
If you believe that tomorrow will be a better day, your confidence will expand. If you believe the opposite then you’ll give up on yourself and lose the will to do better.
The economic recovery is dependent upon the public’s confidence in the nation’s economic future.
Consumer confidence is on the rise. Economic trends are also on the rebound. All signs point to an ever-closer economic recovery.
When disaster suddenly strikes, we must remain calm and work together, combining resources and expertise to diffuse the danger.
One can hardly be lucky all the time. When disaster strikes, don’t panic. Stay calm and find a solution with wisdom and composure.
If you believe you can, you can. If you believe you can’t, you definitely can’t.
Don’t build your confidence on top of pessimism otherwise you will lose your confidence very quickly.
Confidence can give you unparalleled strength and the courage to break through any harsh conditions, creating a new outlook for yourself.
Don’t lose your senses and blindly invest based on the promise of quick profits and high returns
If something sounds too good to be true, it probably is.
Plenty of business moguls have fallen prey to financial scams. How is it that such shrewd business owners would fall for a scam? That’s because even business moguls can also be greedy.
A house built on top of a sand dune is bound to come tumbling down. By the same token, an investment that stemmed from greed is bound to fail.
Greed is human’s greatest weakness. With only a small amount of benefit, you’re on the hook to lose more than just your heart.
It’s easy to cheat you out of all your cash—just promise you a 20% annual return on your investment.
Any high-yield investment comes with great risk. If all you focus on is the potential for high returns but ignore the risk factors, then you will fall prey to your own greed.
You need to monitor your investments constantly because protecting your assets is your own duty. If you find out that your investment risks are too high, you need to immediately adjust or halt that investment.
Making blind investments is scary, and so is investing out of greed. But there’s nothing scarier than investing without a plan.
Making a blind investment, an over-investment, or a greedy investment is the same as building your investment on top of a sand dune.
You don’t build houses on top of a sand dune; neither should you bank your investment on high risk products.
Making a blind investment, an over-investment, or a greedy investment is the same as building your investment on top of a sand dune; therefore it’s highly risky.
No one takes the word of a child who’s told one too many lies, just as no one will lend money to someone who’s borrowed one too many times. There’s no happy ending for you by pretending to be something you’re not.
A government that leads the nation into further debt by constantly printing more bills and increasing debt is an extremely irresponsible government indeed.
We can’t print more money to save the economic crisis any more than we can build a house on top of sand. Either borrowing or printing too much money will only lead to a bankrupt government.