Posts Tagged ‘penny’

“The key to saving isn’t about raising your income.  It’s not about saving a penny here and a penny there.  It’s about understanding yourself better and shaking all the frivolous desires from your mind.” –David Eifrig

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I don’t have an iPhone… or a blingy Suburban…  But I probably have one thing these conspicuous consumers don’t: The house I live in is fully paid for.  I handle my money differently.  I could buy an iPhone or a Suburban tomorrow.  I wouldn’t need a penny of debt to do it.  But I won’t… Why?  Because I know those things won’t make me the slightest bit happier.  I’d be the same dolt I was before.” -Steve Sjuggerud

Penny Power

Posted: January 9, 2016 in Money Matters
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“If you start with a penny and double it every day for a month, you will end up with more than $10 million.  That is the power of compound interest….  People don’t get it.  They don’t realize the power of compounding.” -Steve Sjuggerud

Borrow a Penny?

Posted: November 16, 2014 in Money Matters
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“Don’t ever borrow a penny.  As soon as you understand interest, you will only be a lender.  You will never be a borrower.” -Porter Stansberry