Quotes About Savings

Unfortunately, most Americans think that they are emulating the rich by immediately consuming any upward swing in their cash flow. But the millionaire-next-door

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.

This millionaire's brand of watch is a Timex; her husband's is a Seiko (number one among millionaires). The couple buys their clothes at Dillard's, J.C. Penney, and TJ Maxx. They have purchased only two motor vehicles in the past 10 years: both Fords.

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.

Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend. How

Most millionaires never earn one-tenth of $5 million in a year. Most never become millionaires until they are fifty years of age or older. Most are frugal. And few could have ever supported a high-consumption lifestyle

What happens when you tell the average American adult that he needs to reduce his spending in order to build wealth for the future?

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

Never spend your money before you have it.

Never spend your money before you have earned it.

Westside Hochdeutsch mafia, biggest of the big, construction, savings and loans, untaxed billions stashed under an Alp someplace, technically Jewish but wants to be a Nazi, becomes exercised often to the point of violence at those who forget to spell his name with two n's. What's he to you?

Expenditure rises to meet income.

Joe had always considered individual words as finite units of currency, and he believed in savings.

I favor the policy of economy, not because I wish to save money, but because I wish to save people.

Savings, remember, is the prerequisite of investment.

I checked my messages before I started driving. I had three. The first was from Verizon, letting me know I could save more money by spending more money.

The question isn't at what age I want to retire, it's at what income.

If you wait to see how much money you have left at the end of the month to put toward savings, the answer may be zero. So, set up an automated monthly transfer from your checking to savings account. Once you lock into that commitment, you'll be forced to scale back spending to make ends meet.

Capital is past savings accumulated for future production.

The shortest period of time lies between the minute you put some money away for a rainy day and the unexpected arrival of rain.

He who will not economize will have to agonize.

You know you get a tube of toothpaste... such a bloody con. You squeeze and squeeze and nothing more comes out? Well, take a pair of scissors and cut it about an inch and a half from the bottom and it's absolutely packed with stuff! I do that, then cut off the top bit, so I can stick that back on and it doesn't dry out!