Favorite quote or money motivator?

**LuxLiving** · 09-16-2006, 05:16 AM

Re: Favorite quote or money motivator?

"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** · 09-18-2006, 05:49 AM

Re: Favorite quote or money motivator?

"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** · 09-19-2006, 02:55 AM

Re: Favorite quote or money motivator?

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

**LuxLiving** · 09-20-2006, 04:06 AM

Re: Favorite quote or money motivator?

"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** · 09-21-2006, 05:52 AM

Re: Favorite quote or money motivator?

"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** · 09-22-2006, 04:29 AM

Re: Favorite quote or money motivator?

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** · 09-22-2006, 06:21 AM

Re: Favorite quote or money motivator?

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** · 09-22-2006, 06:33 AM

Re: Favorite quote or money motivator?

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

**LuxLiving** · 09-22-2006, 06:49 AM

Re: Favorite quote or money motivator?

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!