Quotes About Financial

The financial crisis revealed important weaknesses in many areas of our financial system.

No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.

I lost 80 percent of my wealth and then gave away over half of the rest. So I'm a man of modest means now. But if you budget carefully and watch your expenditures, you can get by on a couple billion dollars.

In financial terms, my sense is that the distribution of wealth, unequal as it is, is self-perpetuating, and, especially in a linked and accelerating world, the rich get ever more quickly richer while the poor get ever more speedily poorer.

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.

Concentrating wealth in the hands of the few and deregulating financial institutions and practices lead to speculative bubbles that eventually burst - and that brings the whole country down.

The very first step to building wealth is to spend less than you make.

As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation.

For too long, tricks and traps in mortgages, credit cards, and other financial transactions have stripped wealth from working families.

There must be more rigorous enforcement of rules promoting transparency in the international banking and financial systems, especially more stringent KYC rules on customer identity, source of wealth, and even country of origin.

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.

The wealth cure is looking at your life step by step - making a diagnosis and saying, 'Am I using money or is money using me?'

Historically, philanthropy has been something that you do when you turn 65, and you are retired, and you have spent your life accumulating your financial resources, and now you finally have time to do it. But because of the Internet revolution, that in turn revolutionized economic growth and wealth generation.

London's central role in the financial market would be undermined if wealthy foreigners did not want to come here.

The reason that so few people are financially independent today is that they place many negative roadblocks in their heads. Becoming wealthy is, in fact, a mind game.

In 'Unfair Advantage: The Power of Financial Education' and 'Why A Students Work for C Students,' I reveal the secrets of the wealthy and what schools will never teach you about money.

Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.

If I had married someone wealthy when I was young, I would have sunk like a stone. Being skint makes life quite clear. You've got to take that job.

Eventually, I decided that if I was going to really write a novel, I couldn't do it in New York City while holding down a job. You need a constant money source to live in New York City unless you're independently wealthy, which I'm not.

I come from very conservative parents, and we weren't particularly wealthy, but we were comfortable.

Saving for the future shouldn't be a privilege for the wealthy.

I'm not incredibly wealthy. When you go through a divorce, that diminishes rapidly because you're supporting more than one household.

My grandma told me that to be wealthy you need at least seven streams of income, so that's my goal. I have a big family. I want to take care of everybody.

I'm saving money like there's no tomorrow because, when I was at Juilliard, I had so little. They gave me a full scholarship because I didn't come from a wealthy family or anything.