Posts Tagged ‘build’

“You work a job to make money.  You work a career to build something you value.  A job is something you do to make money.  A career is a life’s vocation.  With a job, you are always thinking about the time you won’t be working.  With a career, you are always thinking about the career even when you aren’t working….  The litmus test for determining whether you have a job or a career is this question (suggested to me by Gary North many years ago): If you could afford to, would you do it for free?” -Mark Ford

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Poverty Cure

Posted: June 10, 2016 in Economics
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“You can’t cure poverty with money….  That’s because money is just a tool.  Just as you can use a hammer to build a house or tear one apart, you can use money to build wealth or to destroy it.  It all comes down to the wherewithal of the ‘wielder’.” -J. Reeves

Income Spent

Posted: June 4, 2016 in Money Matters
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“Making more income is the best way to build wealth, so long as you don’t spend it as fast as you make it.” –Mark Ford

“In a normal, healthy economy, people work, save, invest, and build real wealth one dollar at a time.  But today’s dollar is different.  And the economy is different, too.  It runs on credit, not real savings, and builds debt – not wealth.” -Bill Bonner

Good Intentions

Posted: September 28, 2015 in Thought for the Day
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“Begin somewhere; you cannot build a reputation on what you intend to do.” -Liz Smith

One key feature of the private reserve strategy is that one builds a pool of funds from which to finance many purchases in life.  The benefit is the interest paid returns to one’s own pool instead an alternate finance company.

“The historical reality does not diminish the ease with which…fans of government spending can point to innovations like the internet and the inter-state highways and say ‘you didn’t build that’. We can only speculate on what might have been produced had the market been allowed to function. Likewise, we can still see the pyramids today and marvel at the innovation that went into their construction, but unfortunately, the wealth and labor stolen from ordinary Egyptians to build them has now been long forgotten.” –Peter Klein