Posts Tagged ‘spent’

“The eagerness to spend more casually and live a noticeably rich lifestyle gets more intense with each generation. Put simply, earning a dollar yourself tends to make a person a little more cognizant about how that dollar is spent.” -Natalie Schmook

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Spend or Save?

Posted: July 19, 2017 in Thought for the Day
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“Life is ours to be spent, not saved.” -D.H. Lawrence

Financial-research firm FactSet explains exactly what’s driving this market forward, despite all of the economic warning signs.  So far this year, 41 different companies have spent more than $1 billion buying back their own shares.  So far this year, U.S. corporations have spent a total of $166 billion on share buybacks.  That’s a 15% increase over last year… and sets a new record annual pace for share buybacks.” -Porter Stansberry

Rich Mind

Posted: January 3, 2016 in Money Matters
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“To have a rich life, you need a rich mind.  And the rich mind recognizes spending money on things will not automatically add to its lifetime store of happiness.  It prefers to spend money on experiences… recognizing very little money needs to be spent.  It also recognizes when money is spent on a material object, that object can bring happiness… if it’s used and enjoyed over time.” -Mark Ford

Trying to look a part is perhaps the single easiest way to never become the part.  This is especially true when it comes to money.  It takes a lot of money to keep up appearances.  This money spent on consumption items will be money not used to create real wealth.  If you really want to be rich, create a private reserve first, then let the money your money makes do the purchasing.  Spending first will leave you with empty pockets.

“The ‘butterfly effect’ is an idea from science that describes how small events can end up creating huge impacts.”  Compounding is the equivalent of “the ‘butterfly effect’ of spent money.  Compounding is the ultimate way to turn a little money into a lot of money.  It’s one of the great secrets of wealth.” -Brian Hunt

Money Spent

Posted: November 12, 2014 in Money Matters
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“Money spent is money gone forever. But money saved and invested is money that increases our standard of living,… and adds to our wealth.” -Bill Bonner