JOHANN WOLFGANG VON GOETHE

Saving money now is worth more than spending money later. This advice applies to any budget item that you could spend less on now.

Even if it is a really great deal, remind yourself that cash in hand now is worth more than an unnecessary purchase.

The critical element in defensive investing is what Warren Buffett calls “margin of safety” or “margin for error.” 

Here’s a way to illustrate margin for error. You find something you think will be worth $100. If you buy it for $90, you have a good chance of gain, as well as a moderate chan...

The fundamental idea of profit is to determine if and why an idea is worth your time.

If you have to spend more money to gain less, you need to have a great rationale to do it.