Everything we earn we need as a reserve.
Meaning of the quote
Everything we earn, we need to keep as a backup. This means that we should not spend everything we make, but instead save some of it for the future. We never know what might happen, so it's important to have a reserve of money set aside in case we need it later on.
About Ingvar Kamprad
Ingvar Kamprad was a Swedish billionaire who founded the multinational furniture retailer IKEA. He lived in Switzerland for several decades until his death in 2018 at the age of 91. Kamprad’s innovative business model and dedication to affordable, functional design made IKEA a global success.
More quotes from Ingvar Kamprad
I’m not afraid of turning 80 and I have lots of things to do. I don’t have time for dying.
Swedish business magnate (1926-2018)
I’m stingy and I’m proud of the reputation.
Swedish business magnate (1926-2018)
Ikea people do not drive flashy cars or stay at luxury hotels.
Swedish business magnate (1926-2018)
We have to still develop the Ikea group. We need many billions of Swiss francs to take on China or Russia.
Swedish business magnate (1926-2018)
Everything we earn we need as a reserve.
Swedish business magnate (1926-2018)
People say I am cheap, and I don’t mind if they do.
Swedish business magnate (1926-2018)
We ought to have more women in various management positions, because women are the ones who decide almost everything in the home.
Swedish business magnate (1926-2018)
If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees.
Swedish business magnate (1926-2018)
Our idea is to serve everybody, including people with little money.
Swedish business magnate (1926-2018)
I am very proud to follow the rules of our company.
Swedish business magnate (1926-2018)