Are You Ready for Some "Fabianisms"? 2

One of the things I learned from my father over the years is how to express to investors what they need to know via the all-important "one liner." A one liner in this case is a key phrase that encapsulates a concept that everybody needs to know, but often evades the presence of everyday thought.

Now I am not talking here about humorous one liners — although I have been known to offer up a few of those, particularly in social settings where libations are involved. Rather, I am talking more about what might be described as pearls of wisdom — with a little Fabian twist. The following are some classic Fabianisms used during the years to help educate and inspire.

Dick Fabian

"Every adult in America can be wealthy."

"The power of compounded growth is the eighth wonder of the world."

"People can live with lost opportunity more easily than lost money."

"Never buy a security without knowing when you would sell it."

"The Fabian Plan is the simplest wealth-building plan available."

"You can be your own investment advisor."

Doug Fabian

"If you save 10% of what you make you will be wealthy in retirement."

"Every year you should review your goals, your finances and what you value most in life."

"Keep raising the bar on savings, earnings and knowledge."

"You don’t know what you don’t know."

"Nobody cares more about your money than you do."

"If you don’t ask questions you will flunk the class."

"The most important money you manage is in your retirement accounts."

And finally, here is my all-time favorite Fabianism: "You have the right to be rich."

Thinking about the right to be rich comes with a corollary, which is a corresponding responsibility on your part to make that right a reality. Together, we can fulfill our right to be rich.