Posts Tagged ‘strategy’

The most important element in your strategy to win the battle for… survival is your own psychology…..

It’s not enough to liquidate your past… mistakes. It’s more important to liquidate counterproductive attitudes, approaches, and methods of dealing with problems. The results that someone gets in life are an indication of how sound his approach toward life is. A sound philosophy of life gives good results. People with chaotic, unproductive, and unhappy lives usually don’t have anyone to blame but themselves.” -Doug Casey

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Money Strategy

Posted: January 20, 2016 in Money Matters
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“Money is the byproduct of energy, effort, and strategy.” -James Altucher

One key feature of the private reserve strategy is that one builds a pool of funds from which to finance many purchases in life.  The benefit is the interest paid returns to one’s own pool instead an alternate finance company.

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.

More or Less?

Posted: September 27, 2013 in Money Matters
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Timeless truths always seem to be so simple and take few words to explain their meaning.  It is no different with money and how to oversee its use.  “Spend less.  Save more.  There is no better strategy than that.” –Mark Ford