Quotes About Finance

Taxes were not raised to carry on wars, but that wars were raised to carry on taxes.

We were told this war would be over in a matter of weeks, and that the Iraqis would be able to finance it with oil sales. We were promised it was not a mission of nation building.

After serving in the Korean War, I actually started working towards a master's degree in finance.

The husband who wants a happy marriage should learn to keep his mouth shut and his checkbook open.

The most important word in the world of money is cash flow. The second most important word is leverage.

You don't have to have perfect wisdom to get very rich - just a bit better than average over a long period of time.

Contrary to the received wisdom, global markets are not unregulated. They are regulated to produce inequality.

War involves in its progress such a train of unforeseen circumstances that no human wisdom can calculate the end; it has but one thing certain, and that is to increase taxes.

[Government's] great contribution to human wisdom...is the discovery that the taxpayer has more than one pocket.

The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.

But now, more and more, its society is concerned with economy and finance.

The thought of a mortgage round my neck makes me edgy.

If you're a grown women and have more than ten dollars in the bank, nobody understands why you can't have a baby.

who do you honestly believe rules any nation? The apparent rulers, or the real ones behind the scenes who manipulate a nation's finances for their own benefit? Mr. Lincoln is as helpless as you and I. He can only, unfortunate man, give his people slogans, and slogans, it would appear, are what the people want. I have yet to hear of a nation that ever rejected a war.

Morningstar found that investors who rebalanced their investments at 18-month intervals reaped many of the same benefits as those who rebalanced more often, but with less costs.

To maximize the return of your taxable account, you want to minimize the taxes you pay.

The Coffeehouse Investor by Bill Shultheis (Kirkland, WA: Palouse Press, 2005). A little book with a big message: How to invest simply and successfully.

Let's assume someone puts $10,000 in a mutual fund, leaves it there 20 years, and gets an average annual return of 10 percent. If the fund had an expense ratio of 1.5 percent, the fund is worth $49,725 at the end of 20 years. However if the fund had an expense ratio of 0.5 percent, it would be worth $60,858 at the end of 20 years. Just a 1 percent difference in expenses makes an 18 percent difference in returns when compounded over 20 years.

We don't believe in mixing investing with insurance. Insurance is for protection and investing is for wealth building. Don't confuse or mix the two.

And someone with significant net worth or a large portfolio does not need to invest in risky investments in search of higher returns.

Market timing is a poor substitute for a long-term investment plan.

Protect your assets with the proper types and amounts of insurance. Insurance is for protection. It's not an investment. Don't confuse the two.

It turns out that an investment of $601 at the beginning of each month in stock index funds, coupled with an average annual return of 10 percent, grows to the sum of $1,249,655 in 30 years. Incidentally, $601 a month is approximately 28.9 percent of a yearly salary of $25,000. And in case you might be wondering, yes, the math works the same for everybody.

Nevertheless, it's money that won't be compounding in their accounts and building their net worth.