Quotable Quotes

“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood. … Perhaps you aren’t as wealthy as you should be because you traded much of your current and future income just for the privilege of living in a home in a high-status neighborhood.”

-- The Millionaire Next Door --

Quotable Quotes

Don't stay in bed,

unless you can make money in bed.

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~~George Burns~~

Quotable Quotes

"Spending is the forbidden apple of the financial Garden of Eden, where all our troubles begin. Spend too much and you fall into debt. Fall into debt and you can't save. Fail to save and you have nothing to invest. With nothing invested, you're up the inflation tree."

~~Money for Life by Steve Crowley~~

Quotable Quotes

"If I gave the [money management] course to Ben Franklin, he'd laugh me off the stage. It's just basic, universal wisdom that we've forgotten over the generations."

~~Transforming Your Relationship With Money: The Nine-Step Program for Achieving Financial Integrity, Intelligence, and Independence by Joe Dominguez~~

Quotable Quotes

"There are only four ways I know of to spend less and thereby free up more dollars to be saved: make things last longer, use smaller quantities, buy cheaper, use a cheaper substitute."

~~Mary Hunt in The Best of the Cheapskate Monthly~~

Quotable Quotes

"How do you break the spending habit? They way you break any undesirable habit: you retrain yourself in manageable increments."

~~Money for Life by Steve Crowley~~

Quotable Quotes

"It is much better that a plastic credit card should perish than a family dwindle and perish in debt."

~~Joseph B. Wirthlin~~

Quotable Quotes

"Money never made a man happy yet, nor will it. There is nothing in its nature to produce happines. The more a man has, the more he wants. Instead of its filling a vacuum, it makes one."

~~Benjamin Franklin~~

Quotable Quotes

"To know you have enough, is to be rich"

~~Tao~~

Quotable Quotes

"Avoid the philosophy and excuse that yesterday’s luxuries have become today’s necessities. They aren’t necessities unless we ourselves make them such.

Many of our young couples today want to begin with multiple cars and the type of home Mother and Dad worked a lifetime to obtain. Consequently, they enter into long-term debt on the basis of two salaries. Perhaps too late they find that changes do come, women have children, sickness stalks some families, jobs are lost, natural disasters and other situations occur, and no longer can the mortgage payment, based on the income from two salaries, be made.

It is essential for us to live within our means."

~~Thomas S. Monson~~

Quotable Quotes

“Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels; it takes no pleasure; it is never laid off work nor discharged from employment; it never works on reduced hours. …

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”

~~J. Reuben Clark Jr.~~

Quotable Quotes

"Find a modest home and strive to make it beautiful".

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~~Gordon B. Hinckley~~

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This quote is one that helped keep me sane during the whole housing boom craziness. I didn't need a bigger house like all the other people around me. People were so excited that their houses were worth this amazing amount of money that they wanted to sell, get all that huge equity and buy something bigger and better.

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Me? Not so much. I have a nice house already. Not too big, not too small. And I kept trying to tell my friends that the house they want to buy has gone up in price just like their current one. I mean, to buy a house that was comparable to the home they were already in, they were going to have to pay a lot more. So if they wanted an even bigger, nicer house it would be even worse! And I just wasn't willing to pay that much more. I also kept telling them I like my mortgage amount where it is right now, why increase it?

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So this quote rings true with me. I remember hearing it vividly while driving around on a sunny October afternoon a few years ago {while showing houses no less} and I have never forgotten it!