Posts Tagged ‘earn’

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

“One of the greatest misconceptions in finance is the idea that you need to take more risk to earn higher returns.  The reality is the less risk you take, the more money you make.” -Tom Dyson

Financial Indepence

Posted: December 9, 2013 in Money Matters
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“What does the term ‘financial slavery’ mean?  Most commonly is mean two things:  You earn less than you spend and you owe more than you own.  Being financially independent means having more income than you need and owing far less than you own.” -Mark Ford

Wealth Spending

Posted: November 27, 2013 in Money Matters
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“If you are like most U.S. citizens, you save a paltry 5.8% of your income.  Put differently, Americans spend an astonishing 94.2% of their income….  What’s the answer, then…to base your foundation of true wealth-building on?… The truth – the boring-yet-powerful truth – is that the two most effective ways to combat the pernicious effects of inflation are to decrease the amount of money you spend every year and to increase the amount of money you earn.” -Mark Ford

Small Salary

Posted: November 5, 2013 in Money Matters
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“Try to save something while your salary is small, it’s impossible to save after you begin to earn more.” –Jack Benny