Quote of the Day
Good health is not something we can buy. However, it can be an extremely valuable savings account.
Anne Wilson Schaef
Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
Wealth can only be accumulated by the earnings of industry and the savings of frugality.
Do not leave yourself or your family unprotected against financial storms... Build up savings.
Ezra Taft Benson
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
The president has been a true friend of the ag industry, because he continues to invest large amounts of money at a time when savings is really the goal of the federal government to deal with the deficit.
The way to build your savings is by spending less each month.
Savings is an important tool because it can help the poor deal with the ups and downs of irregular earnings and help them build reserves for a rainy day.
Sylvia Mathews Burwell
The summer of 1991, I took $2,000 of my savings and a desktop program, and I asked my friends to write 800 words about something they cared about. I got eight or nine articles and put them together. It was no frills, black and white, no graphics. I printed them out and just dumped piles around D.C.
People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.
Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
Robert G. Allen
One of the ways the telegraph changed us as humans was it gave us a new sense of what time it is. It gave us an understanding of simultaneity. It gave us the ability to synchronize clocks from one place to another. It made it possible for the world to have standard time and time zones and then Daylight Savings Time and then, after that, jetlag.
Yes, your kids should go to school. No, you shouldn't bankroll their degree whatever the cost. You've spent your life creating a sound financial plan; don't upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.
Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare.
A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.
Don't forget it's daylight savings time. You spring forward, then you fall back. It's like Robert Downey Jr. getting out of bed.
I'm thankful for the three ounce Ziploc bag, so that I have somewhere to put my savings.
Never invest emergency savings in the stock market.
John F. Kennedy
Martin Luther King, Jr.
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