A Quote by James Altucher

The people who know personal finance hide the money very carefully. — © James Altucher
The people who know personal finance hide the money very carefully.
If you look on Amazon - if you do a search for personal finance, there are literally 20,000 books written on personal finance, and there's no real reason for it. I mean, personal finance is pretty simple.
One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not.
My movies are painfully personal, but I'm never trying to let you know how personal they are. It's my job to make it be personal, and also to disguise that so only I or the people who know me know how personal it is. 'Kill Bill' is a very personal movie.
The people who don't know personal finance have TV shows about it.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
As much as you need to know your operations, if you don't understand the finance side and how to do the business, you're never going to be successful. So you might be the best operator or visionary, but if you don't understand the finance side... I'm successful because I know the finance side, but I also know operations; it's not an accident.
It is easier to disrupt consumer finance. It is much harder to disrupt institutional finance, Wall Street. It is very heavily regulated, and because it is institutional finance, you are dealing with incumbents.
The first suicide bombing that entered my consciousness was the Beirut embassy bombing. It was very personal. I'd been in the embassy and I knew most of the people in the station who were killed in the bombing. So you take the personal aspect of it and the mystery of who the bomber was and the fact that a small group of people could drive us out of a country that was absolutely key to the United States, and what was behind this... The fact that they've been able to hide the embassy bombers' identities for all these years tells me we're up against a very capable movement.
I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.
After two decades of personal finance reporting, I've heard every excuse in the book for not saving money. That said, none of them really hold up - at least over the long term.
Definitely, there is a sense in my writing that people now know me in a personal way. And to an extent, that's true because I write about very personal things, and I use the personal often to contextualize some of these sociopolitical issues that we're dealing with. And to an extent, they're right. They know something about me.
I think fame is harder when people have something to hide, but I'm very comfortable, and have nothing to hide.
I feel like there's lot of people who know finance and economics better than I do. There are lots of people who are better storytellers than I am. But the space that I occupy of storytelling about finance and economics is - more people want it than can do it.
Doing good with other people's money has two basic flaws. In the first place, you never spend anybody else's money as carefully as you spend your own. So a large fraction of that money is inevitably wasted. In the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. So that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.
The first rule of personal finance is that it's not personal and it's not financial. It's about your ability to make ten changes and not get too depressed over it.
I don't really consider myself to be a personal finance expert compared with some others. There are quite a few that know a lot more than I do.
This site uses cookies to ensure you get the best experience. More info...
Got it!