Quotes About Finance

stock market as measured by the Dow did decrease 25% between 1969 and 1971

tis a talent of the female race that low numbers should stand for high, more especially in matters of waiting, matters of age, and matters of money.

Economy does not lie in sparing money, but in spending it wisely.

Nearly all (95 percent) of the millionaires we surveyed own stocks; most have 20 percent or more of their wealth in publicly traded stocks.

most millionaires generally don't limit themselves to stocks, bonds, and related investments—they invest heavily in private businesses and real estate.

Being frugal is the cornerstone of wealth-building

Operating a household without a budget is akin to operating a business without a plan, without goals, and without direction.

If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's total annual realized income. Living

Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer. This is especially true when one or both are trying to build a successful business.

We are fastidious investors. On average, we invest nearly 20 percent of our household realized income each year. Most of us invest at least 15 percent. Seventy-nine percent of us have at least one account with a brokerage company. But we make our own investment decisions.

If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's annual realized income.

Simply stated, your net worth [augmented] should equal 10 percent of your age times your annual realized household income (0.10 × age × income = expected net worth). If your actual net worth is above this expected figure, I consider you affluent, given your age and income characteristics.

Most of these parents pay all or a significant portion of their sons' and daughters' tuition and fees for training. Their vote is with their hard-earned money.

They became millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way.

Their consumer behavior had an impact on their son. They constantly sent him a message: One earns to spend. When you need to spend more, you need to earn more. L

you would be wise to use your expertise to help you make your investments. If you're well versed in antiques, why not leverage your knowledge? You

A self-made millionaire stated it best when he told us: I can't get my wife to spend any money! Most people will never become wealthy in one generation if they are married to people who are wasteful.

A good start is to keep an accurate record of each and every expenditure that your family makes each month. Or ask your accountant to help you set up a system for tabulating and categorizing these expenditures. Then work with her to develop a budget. The goal is to enable you to set aside for investing purposes at least 15 percent of your pretax income each year. By the way, this "15 percent method" is Mr. Gif-ford's simple strategy for becoming affluent. CAR-SHOPPING

I found that the typical millionaire had more than 30 percent of his wealth invested in publicly traded stocks. More often it is in the low-to-mid-20-percent range.

A Man's management of his own purse speaks volumes about character

Never spend your money before you have earned it.

Maxine recoils, only partly out of the classic accountant's allergy to real folding money

prices are not costs. Prices are what pay for costs.

In 1962, Democratic President John F. Kennedy, like both Democratic and Republican Presidents and Secretaries of the Treasury in earlier years, pointed out that "it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.