Money Quotes that Will Motivate You to Be Debt-Free and Financially Responsible
Who doesn’t want to be rich, financially free and stable? When we all want to be successful in whatever field we choose, we also opt to take our finances to a different level. In here, we pull off some money quotes about being debt free, financially responsible of our obligations, and most of all, saving for the future. Catch them all here.
Rule Number One: Never lose money. Rule Number Two: Never forget rule Number One. ~ Warren Buffett
He’s referring to the mindset of a sensible investor. Don’t be frivolous. Don’t gamble. Don’t go into an investment with a cavalier attitude that it’s OK to lose. Be informed. Do your homework. Buffett invests only in companies he thoroughly researches and understands. He doesn’t go into an investment prepared to lose, and neither should you.
Buffett believes the most important quality for an investor is temperament, not intellect. A successful investor doesn’t focus on being with or against the crowd.
Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are. ~ James W. Frick
It’s natural for people to spend their money on the things they care about, whether they are totally aware of it or not. Individuals may check their account balance at the end of the month only to find that they’ve invested a tidier sum than most into fine wines and cheeses (and yet, asked about it, will shrug it off as nothing more than a small, occasional indulgence).
This likewise happens in the business world. If you run your expenses at the end of the month and are surprised at a figure you can’t seem to argue with, then you have a clue as to your priorities. The important thing is to be aware and strategic about your money, always in harmony with the things you care about, in order to sustain your priorities and your business for a long-term timeline.
It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. ~ George Lorimer
People have lost a lot of things in the pursuit of big money: pride, family members and friends, the respect of their peers, sobriety, sanity, dignity, and, in some cases, the ability to walk freely outside of a prison cell. It’s a shame, too, because the things at risk when one chooses money are usually not able to be bought back.
Money is a great, useful tool, and can lead to many greater opportunities and comfort, but it’s important to understand how to control money without having to compromise the things that matter the most along the way.
Running into debt isn’t so bad. It’s running into creditors that hurts.
Make a list of your debts, including the creditor, total amount of the debt, monthly payment, and due date. You can use your credit report to confirm the debts on your list. Refer to your debt list periodically, especially as you pay bills. Update your list every few months as a number of your debt changes.
Recognize the signs that you need help. If you find it hard to pay your debt and other bills each month, you may need to get help from a debt relief company, like a credit counseling agency. Other options for debt relief are debt consolidation, debt settlement, and bankruptcy. These all have advantages and disadvantages so weigh your options carefully.
Quotes about Life, Money, and Everything in Between
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.
~ William A. Ward
So, let’s take on the idea of discipline first. If you’re not disciplined enough to save or invest money these days, then you’re dooming yourself to financial failure and you’re also failing to take advantage of the simple systems set in place for you to succeed. When I say “systems,” what I’m referring to is the host of automated programs that can help you put your money into saving or investment accounts without you ever even seeing it.
You can set it up with your employer and a financial institution so that a percentage of your paycheck goes directly into a savings or investment account. That way there’s no discipline needed; you just “set it and forget it” and your wealth grows.
The Bottom Line
Look at any wealthy person’s wealth building path and you’ll see they did these things: they saved, they invested, they grew their business or influence by partnering with others to serve (and sell to) more people.
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