10 Timeless Financial Tips From Knight Kiplinger
Sage advice about saving, spending and investing never goes out of style.
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Advice on how to save, manage, invest and spend money from Knight Kiplinger, the editor in chief of Kiplinger’s Personal Finance.
1. Wealth creation isn’t a matter of what you earn. It’s how much of it you save.
2. Your biggest barrier to becoming rich is living like you’re rich before you are.

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3. Pay yourself first. Have retirement and other savings deducted from your paycheck. If there isn’t enough money left over for bills, cut your spending.
4. No one ever got into trouble by borrowing too little.
5. Conspicuous consumption will make you inconspicuously poor.
6. The key to stock market success isn’t your timing of the market. It’s your time in the market — the longer, the better.
7. Diversify, because every asset has its day in the sun — and its day in the doghouse.
8. When others are selling investments, it’s usually a good time to buy. The foundations of great fortunes are laid in bear markets, not bull markets.
9. Money can’t buy happiness, but it can make unhappiness easier to bear.
10. Sharing your wealth with others is more fun than spending it on yourself.
Learn more about Kiplinger's time-tested tactics to build your wealth.
Knight came to Kiplinger in 1983, after 13 years in daily newspaper journalism, the last six as Washington bureau chief of the Ottaway Newspapers division of Dow Jones. A frequent speaker before business audiences, he has appeared on NPR, CNN, Fox and CNBC, among other networks. Knight contributes to the weekly Kiplinger Letter.
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