Maxim is a word that is used to describe a rule, principle, or guideline for life. There are maxim quotes which show other meanings for this word but in a general sense it refers to the rules and guiding principles of life. Maxims may be handed down from one generation to the next, and they are often found in folk tales and stories that have a word of caution in them. Following a maxim is thought to lead to a life of happiness and even prosperity at times, and these guidelines are intended to help people navigate life without making the most common mistakes. A maxim may also be a collection of highly regarded treasures or valuable possessions, and in this situation the collection of treasures should be closely guarded and protected.