Posts Tagged ‘earn’

“Persistence and self-reliance that are keys to professional success and building wealth over a lifetime….

Every bit of wealth you save earns you more freedom….

Taking responsibility means understanding where your money comes from, where it goes, and how to put it to work. And it means building up the kind of wealth that helps you sleep well at night and have the freedom to make the choices you want to make.”

-David Eifrig

Banks are the growth engine of an economy. They make loans to fund new businesses, construction, and consumer spending. And they collect the ‘spread’ between what the short-term rates pay to borrow and the long-term rates they earn when they lend.” -Porter Stansberry

“Every minute you spend wanting money you didn’t earn is a minute wasted and a bad habit reinforced….  The lesson here is about opportunity… the first step in the path to wealth begins by recognizing that all wealth must be earned….  If you need more money, begin by taking personal responsibility for your financial future.” -Mark Ford

Money in the Bank?

Posted: February 9, 2016 in Economics
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“‘Almost a quarter of the world’s gross domestic product (GDP) now comes from countries with negative rates,’ According to an article in The Economist magazine this week.  In Sweden, for example, when you put your money in the bank, you don’t EARN interest anymore.  Instead, you have to PAY more than 1% a year just to keep your money in the bank.” -Steve Sjuggerud

“Remember, compounding your capital is simply a way of saying that the growth of your money happens over and over again at regularly-timed intervals….  That’s the whole point of compounding, you earn money on the money you’ve earned….  The only way you can use compounding to your advantage is through time.” -David Eifrig

“Early risers are happier, healthier, and more productive at work. They stay in better shape, earn more money, and report that they are more satisfied with their lives.” –Mark Ford

Money Earned

Posted: June 14, 2015 in Money Matters
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“Our kids must know that they are not entitled to money or wealth… or anything for that matter.  They must earn money.  I want my children to learn that they shouldn’t expect anything to be handed to them.” -Tom Dyson

Spent Income

Posted: January 12, 2015 in Money Matters
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Most Americans save only 5% of their income.  That means 95% of what they earn is lost to spending.” -Mark Ford

Create Money?

Posted: July 1, 2014 in Economics
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“Why do you need to earn money to create demand when you can just create it?” -Diary of a Rogue Economist

“Whence cometh the money used by central banks to acquire equity stakes in real businesses?  If they got it by honest toil in the vineyards and coal mines of the banking industry, we could have no objection. It is theirs to do what they want with… But…Central banks didn’t earn it honestly. They simply digitized it into existence. And what gives them the right to create money, like counterfeiters?” -Bill Bonner