Posts Tagged ‘financially’

“Folks in America like to ‘keep up with the Joneses’. The problem is, the Joneses are financially irresponsible.” -David Eifrig

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“The simple reason most people will never become financially independent is because most people lack the discipline to save money.  It’s really that simple.” -Porter Stansberry

“Remember…the average rich person has seven sources of income.  While the average poor person has one source of income.  The only way to avoid being crushed financially is to diversify your income sources so no one person can destroy you.” -James Altucher

“How to increase your wealth one decimal point at a time:  Develop a financially valuable skill.  A financially valuable skill is a skill that will help you climb the wealth ladder one step at a time.  It is a skill that will put you in the mix whenever the opportunity to acquire wealth appears.

There are not many financially valuable skills.  In fact, there are basically only four: marketing, selling, coming up with profitable ideas, and managing profits.” -Mark Ford

1.       “The first thing you must do is accept the fact that you are solely and completely responsible for your current financial situation.

2.       The next thing you must do is set realistic expectations.

3.       The third thing you must do is thoroughly understand the difference between spending, saving, and investing.

  4.     The fourth thing you must do is recognize that your net investible income (the amount of cash you have after spending and saving) is the single most important factor in determining how quickly you will become wealthy.”

Mark Ford     The Palm Beach Letter    April 24, 2013

The problem of human nature shows no mercy for any aspect of life.  Be it losing weight, starting a hobby, exercising, cleaning out the garage, or attempting to eat right; few have overcome its grip on their life.  When it comes to utilizing a private reserve of finances, it is no different.  It is easier to simply borrow the money for large purchases rather than using, or developing, a reserve of monies.  The result of succumbing to human nature, financially, is exchanging future wealth for today’s interest payments.

Keep It

Posted: August 3, 2012 in Money Matters
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“The financially healthiest Americans are generally not the ones who make the most money. They’re the ones who figure out how they can actually keep the money they make.” – Bill Vincent