Posts Tagged ‘resources’

“Money is more than ‘just money’. It’s a way of keeping score and staying honest. When we spend money, we make choices. We accept trade-offs, taking real time and resources that could have been used elsewhere. And we have to ask – is it worth it?” -Bill Bonner

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Real Production

Posted: April 18, 2014 in Money Matters
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“The production of things is not done with money, but with real resources.” -Pierre Lemieux

Saving… is deferred consumption.” -Gregory Bresiger

“Saving, ultimately, is consumption.  By setting aside some resources for meeting financial consumption needs, we invest them.” –Detlev S. Schlichter

The private reserve strategy initially provides a build up in savings, but it also produces a higher ability to consume.  By delaying consumption, one not only builds a base of capital for purchases, but saves interest payments to an outside source.  This savings is additional capital to use for various purposes.

Bad Budget

Posted: November 8, 2013 in Money Matters
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If you develop your budget based on the good times, you will suffer extreme hardship during bad times; however, if you create your budget based on the bad times, you will have a pool of resources to use throughout the drought.