Posts Tagged ‘years’

What You Want

Posted: October 13, 2019 in Thought for the Day
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“If you don’t do what you want, 20 years will pass anyway.” -Dear Abbey

“The married couple of 20 years is just a step away from financial disaster….

Millions of over-leveraged consumers – who can’t distinguish between a ‘want’ and a ‘need’, refuse to live within their means, require a certain standard of living, and use most of their available credit without knowing when or how they’ll pay it off – are a big credit risk. They live on the edge of default….

Inevitably, irresponsible lending always leads to a bust….  Credit-card debt is growing so fast, it’s even outpacing strong wage growth….

Trouble is brewing… It’s only a matter of time before this recklessness blows up.” -Bill McGilton

Posted: September 4, 2018 in Thought for the Day
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“The best time to plant a tree was 20 years ago. The second best time is now.” -Chinese Proverb

 

If you failed to start something yesterday, no worries, you can start today.

“It’s EZ credit that is the linchpin in today’s fake-money system.

The Deep State’s stocks, bonds, and real estate values… not to mention its careers, incomes, and reputations… depend on it.

And it is made possible by the China trade… by Chinese workers who put in long hours in miserable conditions in order to stock the shelves of Walmart with cheap goods… by Chinese manufacturers who undersell their competitors to keep consumer price inflation in the U.S. at low levels… and by Bank of China, which holds some $1.25 trillion worth of U.S. bonds… thus propping up the whole wobbly capital structure….

In politics and economics, BS is all there is. The calculations are almost always fake; the statistics are quackery; the theories are devilish nonsense. And bad ideas never entirely disappear, they just re-emerge after a few years… often dressed in new duds.”

-Bill Bonner

Brain Game

Posted: November 23, 2016 in Thought for the Day
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“If you do the same thing every day, your brain gets used to it.  Then the tenth time you do it (the hundredth time) your brain doesn’t even realize it’s doing it.  That’s why people who work the same 9–5 job for 40 years feel like ‘the years went by so quick!’” –James Altucher

“Several years ago my son Will and I wrote a book on ‘family money’ – on how families get and hold onto fortunes over generations.  My family never had any money.  So, in many ways I was unqualified to write about it.  What I’ve discovered is that if you want to have money, and hold onto it, you have to do things very differently.  You have to be much bolder.  And much more ambitious.  Especially if you want to pass on your wealth to the next generation.” -Bill Bonner

Now

Posted: August 29, 2013 in Thought for the Day
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“The best time to plant a tree was 20 years ago.  The second best time is now.” -Chinese Proverb