Quotes Meaning

"I learned you work for what you get, and I feel sorry for people who haven’t had that upbringing."

- John C. Bogle

Renowned American investor John C. Bogle founded Vanguard Group, one of the biggest investment management firms globally. He is well-known for his support of inexpensive index funds as an alternative to actively managed portfolios and for his contributions to the mutual fund industry.

Bogle frequently discussed the principles that influenced his approach to investing and business when he reflected on his life and career. A strong work ethic based on individual accountability and independence was one of these values. He firmly believed that one should earn what one gets rather than relying on or expecting financial support from others.

Bogle's viewpoint is comparable to a gardener caring for their own piece of property. Bogle advocates for people to cultivate their financial well-being through disciplined saving and investing habits, much like a conscientious gardener cultivates the soil, plants seeds, and nurtures them into fruition through consistent care and hard work. People learn resilience and self-reliance from this method, which are traits that help them deal with life's obstacles and manage their money.

Bogle believed that such an upbringing is essential for developing the skills required to prosper economically, so he felt a great deal of empathy for those who were not raised with these values ingrained in them. He understood that people might struggle more when faced with financial independence if they had not been taught early on the value of earning and saving money on one's own.

Bogle's perspective on work ethic is essentially a reflection of his larger beliefs regarding the importance of individual accountability in attaining stability and success. By highlighting the necessity for people to work hard for their rewards rather than relying on outside assistance, he highlights a core idea that has influenced a large portion of his career: that a person's financial future is significantly influenced by the work they do starting at a young age.

This viewpoint emphasizes Bogle's support for personal empowerment as well as his understanding of the critical roles that family and society play in influencing people's views on work, money, and personal development.

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