Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Suze OrmanRead
If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape.
Interpretation
Regularly reviewing your finances leads to better financial health over time.
This quote emphasizes the importance of proactive financial management. By dedicating time each month to assess your finances, you cultivate awareness and control over your money, ultimately resulting in improved financial stability and readiness for the future.
In practice
In a financial workshop, I shared the quote to encourage participants to regularly check their expenses.
Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Bad debt is sacrificing your future day needs for your present day desires.
We are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.
So many financial dreams are thwarted by the failure to act upon good intentions.
When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.
Liquidity is a good proxy for relative net worth. You can't lie about cash, stocks, and bond values.
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
Finance that only talks to itself & deals with each other becomes socially useless
The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the discovery of frauds and swindles
Just because a stock is down doesn't mean it's a great buy.
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