Favorite quote or money motivator?

[LuxLiving]

On the facts of the eroding effect of inflation:

"Do you remember back in the days when you thought that nothing
could replace the dollar? Today it practically has!" ~Ronald Reagan

[Bookie]

Good one. Never saw that Reagan quote before. Will add it to my collection.

[Great to be Debt Free]

These are all good ones! My collection is really growing... Thank you!

[LuxLiving]

"Lotteries are a state sponsored tax on the stupid. " ~Jackie, a/k/a Jacklad, on SavingAdvice.com thread called "Stupid Things People Thought About Finance."

‘Because we all have different amounts of money, time, space and personal energy and different ideas about what constitutes quality of life, we each must find our frugal balance.’ ~Amy Dacyczyn, of Tightwad Gazette fame

"Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry [and it's fund managers]. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market. For instance, over the 10 years through 2001, U.S. stock funds returned 12.4% a year, vs. 12.9% for the Standard & Poor's 500 stock index." ~Jonathan Clements, Only Fools Fall in ... Managed Funds?, Wall Street Journal, September 15, 2002

[LuxLiving]

"The more I am willing to be disciplined, the more numerous my options. The more carefully I plan, the bigger I dream, the better my life becomes and the more joy I experience." ~Mary Hunt, of Cheapskate Monthly

[LuxLiving]

"The biggest barrier to becoming rich is living like you're rich before you are." ~Knight Kiplinger, Kiplinger magazine

Thanks disneysteve for posting this one!

[LuxLiving]

"The $30-35 you save by not being charged a late fee each month on one (credit) card would save you most of the money you need for $500 in emergency savings." ~Weekly Savings Tip, AmericaSaves.org

[LuxLiving]

"Jesus saves; shouldn't we?" ~R. Devadason

[LuxLiving]

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt." ~~Cicero

[LuxLiving]

"We should not behave as if the knowledge of economic relations is the sole right of the keepers of the grail, who on one side scientifically and on the other side demagogically stick to their hardened standpoints. No, every citizen of our state must know about the economic relationships and be able to judge, because these are questions of our political order, the stability of which is the concern of all of us." ~Ludwig Erhard, 1962

[LuxLiving]

On accruing debt:

"Our riches are our curse in our attempts to attain a trade balance. If we were less well-off, commercial realities would constrain our trade deficit. Because we are rich, however, we can continue to trade earning properties for consumable trinkets. We are much like a wealthy farm family that annually sells acreage so that it can sustain a lifestyle unwarranted by its current output. Until the plantation is gone, it's all pleasure and no pain. In the end, however, the family will have traded the life of an owner for the life of a tenant famer."

~Warren Buffett, "Ex-Omahan Traded Law for Board Room", Robert Dorr, Omaha World Herald, August 3, 1977, p.B1.

True for the individual as well as the government!

[glock35ipsc]

My favorite: If you fail to plan, you plan to fail.

And:

* The poor use debt to buy things that make them poor, while the rich use debt to make them richer.

* Too many people are spending money they haven't earned, on thing's they don't need, to impress people they don't like.

* To build wealth, focus on making, keeping, and investing your money. To be poor, focus on spending your money.

* Live below your means, get debt free, and invest in assets.

[Elgin526]

"It's not that I can't afford it, it's that I choose not to." - my father.

[LuxLiving]

The one I say to myself most often? ...and to my children as they try to make a buying decision...

"Trinket or Treasure?"

Because my grandmother always told me, "The rich buy TREASURES with their money, that will make them money, while the poor buy lots of little TRINKETS, not worth much after they buy them."

So, when I look at my shopping cart/budget/spending plan I always weigh each item - Is it a trinket or treasure? Long term it has proved a VERY useful device for slowing me down on the thoughtless spending side!

[Ima saver]

That is a good thought, Lux!

[Broken Arrow]

Originally Posted by LuxLiving

<!--StartFragment -->

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt." ~~Cicero

All of these are good quotes, but this particular one eerily stands out for me, seeing as we all know what happened to the Roman empire.

Incidentally, has anyone mentioned this one yet?

"A fool and his money are soon parted." - Thomas Tusser

[LuxLiving]

<!--StartFragment -->"Interesting. The same people who laugh at science fiction, listen to weather forecasts and economists." ~Kevin Throop III

[Personal Finance Daily]

My own quote: "Those who save are are viewed with envy, while those who spend are seen as green."



I do like the post about "Jesus saves, shouldn't we?" Never heard that one before.

[LuxLiving]

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." ~John Maynard Keynes

[LuxLiving]

<!--StartFragment -->"I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes." ~Edward Gibbon