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.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.
Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too much risk, because the company is both your employer and the source of your retirement income. So if something goes wrong, you lose both your job and your retirement plan.
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
Those who don't manage their money will always work for those who do
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