financial planning quotes

I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.

When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she’d pay a little toward the purchase.

I remember thinking quite logically that I didn’t want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.

Social Security’s not the hard one to solve. Medicare, that is the gorilla in the room, and you’ve got to put all of it on the table.

For every benefit you receive a tax is levied.

If I have cash and I can’t figure a way to put it into real estate or my business, I hold it in gold and silver.

Even the securest financial plan and the finest health coverage aren’t enough to hold us steady when the challenges come… We need something more, something deeper and unshakeable, something that will see us through life’s hard times.

Many people will have nothing at the end of their working lives.

We’ve got to put a lot of money into changing behavior.

Demographics show that we are entering a battle between young and old. I call it the ‚Age War.‘ The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.

If people want capital gains taxed more like the highest rate on income, that’s a good discussion. Maybe that’s the way to help close the deficit.

The effort to try to present the Social Security program as if it’s a major problem, that’s just a hidden way of trying to undermine and destroy it.

Watch your finances like a hawk.

First grade is very cheap. It’s the later grades where you have to spend a lot of money if you don’t do it right.

Measure your wealth by what you’d have left if you lost all your money.

There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you’re never going to win big in a mutual fund.

It is not how much one makes but to what purpose one spends.

We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.

The time to save is now. When a dog gets a bone, he doesn’t go out and make a down payment on a bigger bone. He buries the one he’s got.

We can’t get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can’t just do it by making seniors pay more for Medicare.

If you want to be a Millionaire, start with a billion dollars and launch a new airline.

One pillar to wealth is having residual income.

Giving should be entered into in just the same way as investing. Giving is investing.

I try to treat all the money I’m making like it’s the last time I’m going to make it.

The only question with wealth is, what do you do with it?

Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.

If all you’re doing is grinding for the man, it’s going to burden you. Once you say, ‚Hey, I’m grinding for the man, but I’m putting money away, and this is part of my exit strategy,‘ you’re working for you.

If I was a billionaire, I’d be smart with my money.

If you don’t like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors‘ and mutual fund managers‘ retirement.

Invest three percent of your income in yourself (self-development) in order to guarantee your future.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Time is money.

The investor of today does not profit from yesterday’s growth.

Money without brains is always dangerous.

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

Bring your desires down to your present means. Increase them only when your increased means permit.

It’s rare for a startup to make money immediately, so you need to make sure that you have enough saved or that you have another income stream that can support you.

The way to become rich is to put all your eggs in one basket and then watch that basket.

Beware of little expenses. A small leak will sink a great ship.