Posts Tagged ‘poor’

“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

“There is no greater financial cliché than the poor man who builds a fortune only to discover that he lost everything that was really important to him….  You have to create goals that mesh with the person you truly want to be.” -Mark Ford

Free Money

Posted: June 4, 2016 in Money Matters
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“Free money is a blind menace: It ruins the rich and the poor alike” -Bill Bonner

Wealth Race

Posted: February 6, 2016 in Money Matters
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“I made this my No. 1 wealth-building commandment:  Get a little bit richer every day….  In the race for wealth, I’ve always been a tortoise.  But by following this simple rule of getting richer every day, I was able to do better than I ever expected… without a single day of feeling poorer than I was the day before.” -Mark Ford

Poor Lifestyle

Posted: November 2, 2015 in Money Matters
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“Holding on to a lifestyle you can’t afford will make you poorer—every month.” -Mark Ford

The Solution

Posted: March 14, 2015 in Money Matters
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“…if you’re poor, the solution is not to borrow money and have a party about it. The solution is to work hard and save up. It’s not rocket science.” -Peter St. Onge

Monthly Poor

Posted: August 17, 2014 in Money Matters
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Holding on to a lifestyle you can’t afford will make you poorer—every month.  And it will make you more fatigued and more angry.” -J. Reeves

Consuming Debt

Posted: July 15, 2014 in Debt
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“Debt for consumption helps many people become poor – but never helps anyone get rich (except for the lenders!).” -Justin Ford

Easy Money

Posted: June 15, 2014 in Money Matters
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The risk of easy money is the same for rich and poor alike: instead of learning to give, they learn only how to take.” -Bill Bonner

Why Wealthy

Posted: December 18, 2013 in Money Matters
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The skills necessary for building wealth – including the habits and the customs that allow you to hold onto it and pass it along to the next generation – can take a long time to accumulate.  Why are the Swiss so wealthy, for example, and the Bolivians… or the Zimbabweans… or the Albanians… or the Baltimoreans… so poor?  The Swiss have the habit of wealth; the others do not.” -Bill Bonner