"It would be nice if the poor were to get even half of the money that is spent in studying them." ~Bill Vaughn
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Favorite quote or money motivator?
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General principle that can be applied to your money dealings:
"...by doing the things they don't like to do, they can accomplish the things they want to accomplish. Successful men are influenced by the desire for pleasing results. Failures are influenced by the desire for pleasing methods and are inclined to be satisfied with such results as can be obtained by doing things they like to do." ~Albert E.N. Gray, Prudential Life
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President Wilson, when Governor, declared in 1911:
"The great monopoly in this country is the money monopoly. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who, necessarily, by every reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all; and to this, statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men."
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"Time, money, and health add to
living a margin of happiness.
The more time and money one
can reasonably save, and
the more perfect the
health, the wider the
margin of happiness."
~~Thetta Quay Franks, The Margin of Happiness - The Reward of Thrift, 1917, from Retire@50's blog
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"This [tracking your spending] is not about following our (or anyone else’s) budgets, with standardized categories and a suggested percentage of income that should go toward each category. This is not about swearing at the beginning of each month that you’ll do better. This is not about guilt. It’s about identifying, for yourself, what you NEED as opposed to what you want, what purchases or types of purchases actually bring you fulfillment, what represents “enough” to you and what you actually spend money on." ~~Joe Dominguez, Your Money or Your Life
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“When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating an index fund. The odds are 100 to 1.” ~David Swensen, Yale University Endowment Manager
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