5 Wise Money Quotes About Money That Make Better Sense Now That You’re An Adult

July 11, 2021

wise quotes about money

Do you remember when you were a child and hadn’t developed a proper understanding of the concept of money so you thought that every adult always had money and that your parents were just being mean whenever they didn’t give you money or buy you something you wanted? Those were good times. Here are 5 wise quotes about money that you most likely heard back then and didn’t understand but do now that you’re older.

1) “If it sounds too good to be true, it probably is.”

wise quotes about money

Whether you’re considering a new investment scheme that promises a 50% ROI monthly or making an important purchase, stop and ask yourself if it seems too good to be true. If it seems so, then it most likely is. For example, buying the latest iPhone for 40% of its usual price from a sweaty guy under the bridge at Ikeja is how you end up with an Apple product that somehow screams “Hello Moto!” and shows the Nokia logo when you turn it on.

2) “More money, more problems”

wise quotes about money

The Notorious B.I.G wasn’t kidding when he sang this. It’s an almost magical-like problem that people who earn more over time experience. The more money you make, the more financial responsibilities you have as well. That extra money can cause as many problems as it solves in your life. Existence really is a pot of beans.

3) “You get what you pay for.”

wise quotes about money

It might seem like a good idea at the moment to buy a cheaper version of a thing so it’s easier on your wallet but that’ll cost you more in the long run. For example, if you buy low-quality shoes that cost N1000 and fall apart in 2 months but you keep replacing them with that same brand, you’ll end up spending more than you would’ve if you had just bought high-quality shoes that cost N10,000 in the first place.

4) “You have to spend money to make money.”

wise quotes about money

Everyone who has started their own business knows this one. At random points in your entrepreneurial journey, you have to invest money in your business. The key is to not sink all your money at once but to make smart and wise investments over time.

5) “A penny saved is a penny earned.”

How to save despite shrinking income | Nairametrics

This one is all about the importance of saving and investing. Enjoying your money is important but sacrificing a little bit now so you can have more in the future is also important. The key is to find a balance between being selfish to your present self and being selfish to your future self.

Join The Conversation

Bring a friend.

You'll like this

August 17, 2021

Before you get a job at a Nigerian organisation, check that they don’t do any of the things on this list. Thank us later. 1. They waste your time at the interview If they say the interview is by 8 a.m. and they make you wait more than 5 minutes before attending to you, just […]

Watch

Now on Zikoko

January 18, 2022

Apart from not being able to find shoes their size, tall Nigerian women often deal with comments like “you are too tall for that dress” or questions like “will you marry a short man?” In this article, Chigozie talks about how to be a tall girl in Nigeria. 
Read here:

Recommended Quizzes

October 30, 2019

Kemi Adetiba’s King of Boys movie got a lot of things right, especially casting, so yes, it was a monster hit. Now, we know you may not have put much thought to this, but the personalities of some of the characters closely match yours, and we would like to help you find the perfect match. […]

November 25, 2019

We already guessed how many people you’ve slept with, and y’all were out here denying the truth. Anyway, we won’t hold that against you. This time, however, we’ve created a quiz that predicts who you’ll sleep with next — so you can either prepare or try (unsuccessfully) to prevent it. So, take and see:

how tall are you
March 11, 2020

Did your parents give you enough beans when you were growing up? If they did, then you’re probably around 6’0″ and above. Either way, we created a quiz that can guess your current height (pretty accurately, if we do say so ourselves). Take to see if we nailed it:

November 14, 2019

The fourth season of Big Brother Naija came to an end over a month ago, but the conversation surrounding the housemates is far from over. So, in a bid to keep the fire burning, we decided to create a quiz that tells you which famous member of the ‘Pepper Dem’ gang is your soulmate. Take […]

February 26, 2020

Are you all set for marriage, or are you still figuring it out? Well, if you’re curious to know the answer, then this is the quiz for you. All you have to do is create your own ideal Nollywood wedding film, and we’ll tell you if you’re ready to say “I do”. Go ahead:

More from Money

January 3, 2022

To kick off 2021, we compiled a list of #NairaLife stories you should consider reading twice. From the politician who lives on donations to the investment analyst who quadrupled her income in two years, these are 10 must-read stories from the series.

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X