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Finance Quotes
"What is called storing money is a way of using wealth. The uncertainty of the future makes it seem advisable to hold a larger or smaller part of one's possessions in a form that will facilitate a change from one way of using wealth to another, or transition from the ownership of one good to that of another, in order to preserve the opportunity of being able without difficulty to satisfy urgent demands that may possibly arise in the future for goods that will have to be obtained by way of exchange."
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"If you would know the value of money, go and try to borrow some."
3
"Do you have to regret spending money when you earn money? And when it is time to spend, you should be strong that you got the opportunity to pay off your debt. Income is one's responsibility and expense is the means to clear off the responsibility."
3
"NEVER accept "conventional wisdom" when it comes to finance. If others keep failing, why do you want to follow them?"
3
"I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
3
"The value of money is subjective, depending on age. At the age of one, one multiplies the actual sum by 145,000, making one pound seem like 145,000 pounds to a one-year-old. At seven " Bertie's age " the multiplier is 24, so that five pounds seems like 120 pounds. At the age of twenty four, five pounds is five pounds; at forty five it is divided by 5, so that it seems like one pound and one pound seems like twenty pence. (All figures courtesy of Scottish Government Advice Leaflet: Handling your Money.)"
3
"Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions."
3
"Rich People plan for three generationsPoor people plan for Saturday night."
3
"If money is spent in the wrong way, then 'control' the spending and if the money is spent in the right way, then 'decontrol' the spending."
3
"Becoming wealthy is about accumulating wealth."
3
"When you understand that everything you buy is purchased with a portion of your life, it should make you more careful with the use of money."
3
"If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before they tell us what we could or should do with our own money."
3
"The hardest thing to understand in the world is the income tax."
3
"Better give a shilling than lend and lose half a crown."
2
"Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account."
2
"Misers makes money their lord, but the spenders makes it their slaves and servants."
2
"All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are unable to think as economists."
2
"In order to honor God with your wealth, you first have to admit that you are rich. Most people won't do that. It's not normal."
2
"Our debts don't leave us much in terms of choices. We can choose to pay now or try to pay later. But the longer we wait the steeper the bill."
2
"Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all."
2
"Never exchange your life for a penny."
2
"If you solely focus only on financial survival then that is where you will always be."
2
"A sure way to go broke is to spend your outer riches before you have saved enough of your inner ones."
2
"But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance."
2
"When the value of money is increased, then those are enriched who at the time possess credit money or claims to credit money. Their enrichment must be paid for by debtors, among them the State (i.e., the tax-payers). Yet those who are enriched by the increase in the value of money are not the same as those who were injured by the depreciation of money in the course of the inflation; and those who must bear the cost of the policy of raising the value of money are not the same as those who benefited by its depreciation. To carry out a deflationary policy is not to do away with the consequences of inflation. You cannot make good an old breach of the law by committing a new one."
2
"Money is a compensation for time spent."
2
"Never ask of money spent Where the spender thinks it went. Nobody was ever meant To remember or invent What he did with every cent."
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"Your future self would surely thank your present self if you start to wisely invest your money now."
2
"You have to see every unit of currency that passes through your hands as a seed to your financial future."
2
"God will always respond to our responsible management of the riches we have received from Him with promotion and stability."
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