Best 94 quotes in «money management quotes» category

The more connections you make, the more engagement you elicit, the more value you bring. The more likely it is that your brand will be rewarded.

The present presses automatically on you. The future does not. To attend to the future requires bandwidth, which scarcity taxes. When scarcity taxes our bandwidth, we become even more focused on the here and now. We need cognitive resources to gauge future needs, and we need executive control to resist present temptations. As it taxes our bandwidth, scarcity focuses on the present, and leads us to borrow.

The strength of your personal financial resources is equivalent to the quality of your financial decision making.

The Talmud says that “blessed is He who has created all these to serve me.” German politician Julius Streicher said, “It is an open secret that Jews do not work, but rather let others work for them.

The Tanakh teaches that, “The diligent will rule, while the lazy will be put to forced labor”. Most Jews work for themselves and hire employees instead of being employees.

They taught us to manage money and how to et a good price for our eggs, chickens or pigs. We used to know how to do that -- we weren't dumb; but since we never had any surplus, we had no money to manage. The only money we ever saw went right past us; no sooner had we earned a few cents than they were spent on aspirin . . . those kinds of things.

Time is a currency you can only spend once, so be careful how you spend it.

Time is much more valuable than money.

Wealth is a planned result that requires productive work and dedication. The Tanakh says, “The plans of the diligent lead only to abundance; but all who rush in arrive only at want” (CJB, Proverbs 21:5).

There is only one way to make money: sell something. You're either selling your time or a product. The secret? Productize your time. That's freedom.

Unforgettable experiences are generally worth splurging on; unlike stuff, memories don’t wear out (or take up space, get dusty, break, or get stolen). If you really want to go and work at an orangutan orphanage in Borneo, it will be worth the cash.

What is MONEY? a piece of PAPER, a chunk of METAL or just some bits and bytes. It’s been called the ROOT OF ALL EVIL, but it can also help UPROOT ALL EVIL. It can’t buy you HAPPINESS or LOVE, but some fall in LOVE WITH IT anyway. It can CHANGE who you are, help find out WHO YOU really are. It can ENSLAVE you, and FREE you. It can open DOORS, buy you DOORS, But it won’t tell you what to do once you are INSIDE, CONTROL you and give you CONTROL. It can give you the power to say YES and the freedom to say NO. It’s EVERYTHING ……………. and NOTHING. Because MONEY is just money

What would you choose if you knew you couldn't fail?

When a man has learned to live without money, he thought, a few rubles can go a long way.

When it comes to money, ignorance is NOT bliss. What you don't know CAN hurt you.

When setting goals, create ‘stretch’ goals. They will assist you in developing your potential to its fullest!

When the purse becomes empty, the mind becomes full of issues.

When you decide you deserve to have what you want, you will wait on it.

Wherever you are, you have to work for your living.

You don’t have to be a miser, just be wiser with your money.

You got loans to pay off, and I got deposits to make.

You have choices and you do have some control. The IRS is not always correct! Even if you owe more than you can pay, there are other options.

Your Personal Economic Model One tool we use when discussing the best course of action to secure your financial future is the Personal Economic Model®. Just as a medical doctor would use an anatomical model to convey medical concepts, we use the following model to convey financial concepts. This model offers a visual representation of the way money flows through your hands. On the left, you will notice the Lifetime Capital Potential tank, which illustrates that the amount of money you will control during your lifetime is both large, as well as finite. Most people are shocked to see how much money can flow through their hands in their lifetime. Once earned, your money flows directly to the Tax Filter where the state and federal governments take tax dollars owed from your paycheck. The after tax dollars are then directed to either your Current Lifestyle or your Future Lifestyle. Your management of the Lifestyle Regulator determines where these dollars go. Regulating the cash flow between your current lifestyle desires and your future lifestyle requirements may be the most important financial decision you will ever make. Here’s why. Each and every dollar that is allowed to flow through to your Current Lifestyle is consumed and gone forever. The goal is to accumulate enough money in the Savings and Investment tanks so that when you retire, the dollars in those tanks can be used to pay for your future lifestyle requirements. Retirement planning seems hard for most people to do but it is not rocket science. The best position, position A, would be to have enough in the tanks so that you can live in the future like you live today adjusted for inflation and have your money last at least to your life expectancy. That’s a win, but the icing on the cake would be to accomplish that with little to no impact on your present standard of living, and that is exactly what we strive to help our clients to do. Working with us can help you with the following: Optimize the balance between your Current and Future Lifestyles Identify inefficiencies in your current personal economic model (where are you losing money) Design, implement, and execute a plan to secure your financial future Limit the impact on your Current Lifestyle dollars (maintain your current standard of living)

Whether we make our own money or rely on someone else, many of us would rater pretend our financial matters don't exist. Or we hope they'll just take care of themselves somehow. My ex-husband was like that. He always said, "I bank by prayer. I go to the ATM and pray that money will come out.

We’re creatures of habit when it comes to mobile contracts and the wires piping high-speed data into our homes. It’s a pain to deal with transfers, installations, and customer service interactions, so we shrug and keep paying a premium.

As soon as we become aware of money, we develop beliefs about it-- beliefs we cling to, sometimes for the rest of our lives, often at the cost of our souls.

Your trading needs to boil down to rules, money management, and that is it.

Accepting our greatness means no longer playing small. It often starts with baby steps. But eventually it means making major changes - in our lives, jobs, relationships, and dreams. If I had believed in my own self-worth, I would never have been willing to make the financial moves I made in the past. If I'd known my value, I couldn't have spent so many years ignoring the whispering - and sometimes screaming - voice that told me to leave my marriage. For a long time, that truth was just too scary and painful for me to face. Talk about keeping my head in the sand! But how many years did I waste, postponing what has proven to be a much better life - simply because I went into hiding and didn't see that I was worthy of something better?

Although God allows the world to use His great wealth in order that their physical and material needs be met, it is not God's will for the devil's children to control all the money that is in the world.

And so I have grown up wanting to feel secure when it comes to money, but doing so by treating it as something to be enjoyed, shared, and not given power.

As we understand it, everything is in the Bible for one reason – to teach us a lesson. Thus, in the beginning of the Bible, we see how God budgets His time for labor, and He saves the seventh day for rest, or retirement. The concept of budgeting was created by God to give us a life of prosperity in the world He created for us, so we should learn to budget as a way to emulate God in our financial life.

A credit card allows you transcend time. For it allows you to put off until tomorrow what you bought today, while you are still paying off what you bought yesterday.

A credit card allows you transcend time. For it allows you to put off until tomorrow what you bought today, while you are still paying what you bought yesterday.

Although some popular religious texts such as the New Testament, Quran, Bhagavad Gita, Tao Te Ching, or Tibetan Book of the Dead contain interesting insights and stories, it is the Jewish religious texts such as the Old Testament (Hebrew Scriptures) that contain valuable information on acquiring wealth.

As my father used to say: "There are two sure ways to lose a friend, one is to borrow, the other to lend.

Become a minimalist. Eliminate clutter from your life by living with the 100 things that you wear and use the most.

Budgeting has only one rule: Do not go over budget.

Business Owner Planning Business owners have additional and complex Retirement Planning needs. Counting only on the sale of your business requires tremendous luck and success. If business owners consider the business as simply one asset among many, then they should seriously consider additional assets such as: -Executive Bonus Arrangements -Nonqualified deferred compensation plans -Qualified retirement plans -General investment portfolio Motto for Business Owner Planning As I look back on thirteen years of entrepreneurship, I can see that the best and smartest thing to do is to have a plan with the end in mind and you in mind. The time still goes by and time is expensive. That sentence is really a whole book and you should or will understand sooner than later, hopefully. That would have looked like business succession planning. Proper business succession planning requires sound preparation in order to have a smooth and equitable transition. Financial, tax and legal planning are all necessary for a success.

Chase after money and the stuggering race will never end; but reach out for successful ideas and the sources of money will chase after you to fill your pockets.

Collateral Capacity or Net Worth? If young Bill Gates had knocked on your door asking you to invest $10,000 in his new company, Microsoft, could you get your hands on the money? Collateral capacity is access to capital. Your net worth is irrelevant if you can’t access any of the money. Collateral capacity is my favorite wealth concept. It’s almost like having a Golden Goose! Collateral can help a borrower secure loans. It gives the lender the assurance that if the borrower defaults on the loan, the lender can repossess the collateral. For example, car loans are secured by cars, and mortgages are secured by homes. Your collateral capacity helps you to avoid or minimize unnecessary wealth transfers where possible, and accumulate an increasing pool of capital providing accessibility, control and uninterrupted compounding. It is the amount of money that you can access through collateralizing a loan against your money, allowing your money to continue earning interest and working for you. It’s very important to understand that accessibility, control and uninterrupted compounding are the key components of collateral capacity. It’s one thing to look good on paper, but when times get tough, assets that you can’t touch or can’t convert easily to cash, will do you little good. Three things affect your collateral capacity: ① The first is contributions into savings and investment accounts that you can access. It would be wise to keep feeding your Golden Goose. Often the lure of higher return potential also brings with it lack of liquidity. Make sure you maintain a good balance between long-term accounts and accounts that provide immediate liquidity and access. ② Second is the growth on the money from interest earned on the money you have in your account. Some assets earn compound interest and grow every year. Others either appreciate or depreciate. Some accounts could be worth a great deal but you have to sell or close them to access the money. That would be like killing your Golden Goose. Having access to money to make it through downtimes is an important factor in sustaining long-term growth. ③ Third is the reduction of any liens you may have against these accounts. As you pay off liens against your collateral positions, your collateral capacity will increase allowing you to access more capital in the future. The goose never quit laying golden eggs – uninterrupted compounding. Years ago, shortly after starting my first business, I laughed at a banker that told me I needed at least $25,000 in my business account in order to borrow $10,000. My business owner friends thought that was ridiculously funny too. We didn’t understand collateral capacity and quite a few other things about money.

don't ever allocate necessary time for unnecessary things. Understand what time it is to do what it is

Consider the situation: Money that was provided because of social networks rather than need; a project designed for prestige rather than to be used; a lack of monitoring and accountability; and an architect appointed for show by somebody with little interest in the quality of the work. The outcome is hardly surprising: a project that should never have been built was built, and built badly.

Don't take on more student loans than your future-self can handle.

Dozens of days, experiences, and encounters have set me on a path I never dreamed possible.

Ever see something in a store that you gotta have? How about those rainbow suspenders you wore only once? Prevent the "wish-I-hadn't"s by asking yourself these questions: *Will I use it or wear it often? *Will I use it or wear it a couple months from now? *If I get it, will I have enough money for what I'm saving for? If the answer to any of these questions is no, you might want to think twice. If you still aren't sure, try waiting a week to see if it has the same appeal.

Easy payments, easy lease, easy approval. Debt is very EASY to get into, but makes it HARD to live victoriously.

Every time you borrow money, you're robbing your future self.

Every month when the bills came in, there was trouble. Mother seemed to have no great extravagances. But she loved pretty things. She had a passion for china, for instance. She saw hundreds of beautiful cups and saucers that it was hard to walk away from and leave. She knew she couldn't buy them, and mustn't, but every so often she did. No one purchase seemed large by itself, but they kept mounting up, and Father declared that she bought more china than the Windsor Hotel.

Every money message we hold on to contains a fatal flaw; it impressions us in an incomplete world.

Finding Money Maturity means resolving your inner conflicts around money. It really comes down to discovering a sense of ease around money.