Posts Tagged ‘dollars’

“Our credit system is currently sitting at $68 trillion. It’s the largest debt ceiling in the history of the world. It’s more than twice the value of every single home in America put together… More than three times the value of every single U.S. bank’s assets combined… More than 20 times the trillions of dollars the U.S. government collects in taxes every year.” -Van Bryan

Dollar Time

Posted: January 18, 2019 in Uncategorized
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“Wealth is measured in time, not dollars.” –Robert Kiyosaki

Banks are keeping billions of dollars from Americans…  Right now, according to the Financial Industry Regulatory Authority, about $350 billion is sitting in brokerage accounts earning an average of 0.12%. That’s about $420 million in interest.  But if all those people with that cash just sitting there moved it to an account earning 1%, the interest earning soars to $3.5 billion a year.  That’s like leaving nearly $3.4 billion in free money on the table.  Make your money work for you.  Stop letting these banks steal your interest.” -David Eifrig

“Money tells you if you are good enough that people are willing to spend their hard earned dollars on you rather than the other seven billion people.” -James Altucher

“Beautiful credit!  The foundation of modern society…. which puts into the mouth of a distinguished speculator in lands and mines this remark: — I wasn’t worth a cent two years ago, and now I owe two millions of dollars.” -Mark Twain

Dollar Directive

Posted: September 19, 2013 in Money Matters
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“More people should learn to tell their dollars where to go instead of asking them where they went.” – Roger Babson

Broke Condition

Posted: March 22, 2013 in Debt
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A person who earns one million dollars a year and spends one million and one dollars is just as broke as the person who makes ten thousand dollars a year and spends ten thousand and one dollars.   The first may look rich, but his condition is no different than the latter.

Stolen Money

Posted: October 18, 2012 in Thought for the Day
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“Just remember, kid, you can quicker get back a million dollars that was stole than a word that you gave away.” -Arthur Miller

Warren Buffet has made billions of dollars in a very simple way.  He has purchased businesses, or stocks in businesses, at $0.40 on the dollar.  Now, he has learned to study and understand a good business that is undervalued at a certain time, but it is not rocket science.  If the American people could understand an equally simple principle, they could have much more money than they currently have.  The average person does the opposite of Mr. Buffet, they make many of their capital purchases that are valued at $1.00 for $1.35.  They do this by making those purchases using borrowed money from a financial institution.  Not only that, the businesses Buffet purchases increase in value over time.  The average citizen is spending more on products that lose value over time; it is doubly destructive.