May 14, 2025
collection of quotes—from their book and beyond—that offer meaningful lessons about personal responsibility, discipline, investing, and long-term planning. Each quote sparks discussion on how these timeless insights apply to real financial life, especially for those in their 50s preparing for retirement. From Yogi Berra to Warren Buffett, the conversation is packed with wisdom and motivation to take action and shape your future today.
⏱ Time-Stamped Show Notes & Chapters:
00:00 – Preflight Announcement & Intro to the
Theme
The brothers set the tone with a fun “tray tables up” nod and
explain that this episode will explore favorite quotes from The
Runway Decade book and others that speak to sound financial
behavior and mindset.
01:12 – Take Action: The Best Time to Start is
Now
📌
"The best time to plant a tree was 20 years ago. The second
best time is today."
This Chinese proverb kicks off the episode’s recurring theme: It’s
never too late to start improving your financial future.
01:42 – Vivid Vision and Belief Drive
Results
📌
"Whatever you vividly imagine, ardently desire, sincerely
believe, and enthusiastically act upon must inevitably come to
pass." – Paul J. Meyer
Pete shares how this quote shaped his mindset as a young athlete
and business owner.
02:23 – Personal Responsibility: Your Future is Up to
You
📌
"If it is to be, it is up to me." – William Johnson
This quote reinforces the importance of ownership and
self-leadership in financial planning.
03:03 – Direction Matters: Avoid
Aimlessness
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"If you don't know where you're going, you'll probably end up
someplace else." – Yogi Berra
A light-hearted quote with a serious message about setting
goals.
03:26 – Discipline Over Regret
📌
"You either pay the price of discipline or the price of
regret." – Dr. Kevin Elko
The brothers break down the concept that time is spent either
way—so make it count.
03:58 – Momentum Begins with One Step
📌
"A journey of a thousand miles begins with a single
step."
Get moving—even small steps build confidence and create forward
motion.
04:34 – Don’t Be Fooled: It’s Not Different This
Time
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"The four most dangerous words in investing are: 'It’s
different this time.'” – Sir John Templeton
A reality check on emotional decision-making during market
turbulence.
05:38 – Fear as a Liar
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"I've lived through some terrible things in my life, some of
which actually happened." – Mark Twain
A discussion on how fear can distort financial decisions and what
to do about it.
06:39 – Volatility Is a Fee, Not a Fine
📌
"Volatility is not a fine, it’s a fee." – Morgan
Housel
Reframing volatility as a normal, expected part of long-term
investing.
07:38 – How You Think About the Problem
Matters
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"The problem is never the problem. The problem is how you think
about the problem." – Dan Sullivan
Strategies exist—but mindset is the real differentiator in
financial success.
08:18 – Flexibility Is Essential: Plans Go
Awry
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"The best laid plans of mice and men often go awry." – Robert
Burns
Pete and Bill discuss risk, adaptability, and the unknowns that lie
beyond your plan.
09:20 – The Value of Trusted Guides
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"If we are lucky, we get a few trusted guides." – B.
Barton
Retirement is a one-time event—having someone who's guided many
through it is invaluable.
10:50 – Why Quotes Matter
The brothers reflect on why they included quotes in every chapter
of their book and how they simplify complex ideas into digestible
insights.
11:30 – Bonus Quotes That Didn't Make the
Book
A series of impactful financial quotes outside of The Runway
Decade begins here.
11:40 – Warren Buffett: Planting for the
Future
📌
"Someone is sitting in the shade today because someone planted
a tree a long time ago."
A deeper take on long-term investing and legacy
building.
12:31 – Small Leaks Can Sink Ships
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"Beware of little expenses. A small leak will sink a great
ship." – Benjamin Franklin
Watch out for everyday budget erosion—it adds up
quickly.
13:25 – Know What You Own
📌
"Know what you own and know why you own it." – Peter
Lynch
A reminder to be intentional and informed, especially with complex
investments.
14:53 – Preparation + Opportunity = Good
Fortune
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"Good fortune is what happens when opportunity meets with
planning." – Thomas Edison
Practice, plan, and be ready to seize your moment.
15:43 – Patience Wins
📌
"The big money is not in the buying or selling, but in the
waiting." – Charlie Munger
Ronald Read’s example is used to highlight how patience builds
wealth.
16:15 – Impulse vs. Time
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"Time is your friend; impulse is your enemy." – John C.
Bogle
The father of index investing explains why behavior matters more
than strategy.
16:42 – Play Long-Term Games with Long-Term
People
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"Play long-term games with long-term people." – Naval
Ravikant
Success multiplies when you build with the right people over
time.
17:45 – Spend with Intention
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"Spend extravagantly on the things you love, and cut costs
mercilessly on the things you don’t." – Ramit Sethi
Why budgeting with purpose leads to richer experiences.
18:10 – Know Where You Stand First
📌
"Knowing where you stand is the first step to getting where you
want to go."
Start with clarity. “You are here” is the first step on any
map—including your retirement plan.
19:16 – Zoom Out: The Market Always Goes
Up
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"The market always goes up—not every day, not every month, not
every year—but always over time." – J.L. Collins
Pete and Bill talk about optimism in American business and why
perspective is everything.
21:30 – Prepare, Don’t Predict
📌
"You can't predict, but you can prepare." – Howard
Marks
There are no facts about the future—but there is power in
preparation, goals, and adaptability.
22:57 – Final Thoughts & Call to Action
The brothers recap the value of the quotes and invite listeners to
reflect and take the next step.
📬
Contact Bill at bbush@horizonfg.com or Pete at
pbush@horizonfg.com.
💻
Or visit
TheRunwayDecade.com
🔑 Key Takeaways
🗣 Notable Sound Bites
📬 Resources & Contact: