Advice Quote by Malcolm Forbes
“I make more money selling advice than following it”
About This Quote
Source Interview: Forbes Magazine, 1998
Earning money by advising others can be more profitable than following that advice yourself.
In simple terms: Advising earns more than practicing.
Key Takeaway
Consider consulting for income.
Themes
entrepreneurship
advice
financial insight
Mood
cautious
reflective
Type
business
philosophical
When to use this quote
- business coaching
- personal finance
- career planning
Key Concepts
Economics
behavioral finance
consulting
Questions to Reflect On
- How do you maintain credibility as an advisor?
- What risks exist in selling advice?
A Different Perspective
Advice may lack credibility if not practiced.
![“I don't think anybody can be a success who doesn't like what they do. [But it's] no job if it has no challenge; there's nothing to it if there are no problems. The essential thing is liking what you're doing.” quote by Malcolm Forbes](https://sms4smile.com/quotes/img-quotes/05c/malcolm-forbes-1510_challenges_i-don-t-think-anybody-can-be-a-success-w_13342.jpg)
