personal finance Quotes

“Ok. don’t panic. Don’t panic. It’s only a VISA bill. It’s a piece of paper; a few numbers. I mean, just how scary can a few numbers be?”

“I must ignore the shops. I must practice frugality, go straight home, and plot my expenditure graph. If I need entertainment, I can watch some nice free television and perhaps make some inexpensive, nutritious soup.”

“Of course, being a financial journalist is not the career I always wanted. No one who writes about personal finance ever meant to do it. People tell you they “fell into” personal finance. They’re lying. What they mean is they couldn’t get a job writing about anything more interesting.”

“A person can be highly educated, professionally successful, and financially literate.”

“Gold cometh gladly and in increasing quantity to any man who will put no less than one-tenth of his earnings to create an estate for his future and that of his family.”

“A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford.”

“Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade.”

“You’ve learned the lessons well. You first learned to live on less than you earn. Next you learned to seek advice from those who are competent. Lastly, you’ve learned to make gold work for you.”

“Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.”

“Provide in advance for the needs of thy growing age and the protection of thy family.”

“It’s not what you make but what you save that gets you out of debt.”

“What is important when you are young, is to train yourself to get by with little money and make the most of your youthful energy.”

“The cash ratios, or the amount of actual cash, kept by banks is about 6-10 per cent of all the money deposited with them. Another 20-5 per cent of deposits are kept as ‘near money’, which are investments that can be turned back into cash almost immediately.”

“The truth is, the status quo loves to say no. It is the easiest thing in the world to say no, especially in the world of business and finance. But for the first time we were discussing civil rights, and no other civil rights issue has ever been questioned because of the cost.”