Stock Prices Aren't Real Things. They're Just

A Faithfully Kept Program Of Savings And Conservative Investments Can Give You More Money And A Better Life Than That Of Your Neighbors Who Spend Everything They Get. This Is Probably The Oldest Financial Advice In The World, But There Are Some Things You Can't Improve On.

It's Daring And Challenging To Be Young And Poor, But Never To Be Old And Poor. Whatever Resources Of Good Health, Character, And Fortitude You Bring To Retirement, Remember, Also, To Bring Money.

Three Reasons Not To Have A [spending] Plan: 1. You're Rich Enough To Buy Anything You Want And Still Have Plenty Of Money Left Over. 2. I Forget The Other Two.

You Don't Date An Annuity, You Marry It. An Annuity Isn't A Mutual Fund That You Buy Today And Sell Tomorrow. Nor Is It A Certificate Of Deposit, Ready For Any New Use At Maturity. When You Buy An Annuity, You Are Making (or Ought To Be Making) A 15- Or 20-year Commitment, At Least.

You Normally Don't Get A Margin Call Unless Your Securities, Minus The Debt, Are Worth 30% Or Less Of Their Nominal Market Value.