Posts Tagged ‘finance’

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Morgan Housel: Money Control Time

Posted by admin on Tuesday, February 21, 2023

Meaning of Morgan Housel Money Quote: saying having money means that you can control how you spend your time, based on what makes you happy. Morgan Housel said:

 
when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance Quote
 

“Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance” — Morgan Housel

 

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In this quote, Morgan Housel is saying that using money strategically can help gain more control over one’s time. When a person has financial resources, they have more freedom to choose how to spend their time – on activities, with people, for durations that they personally find meaningful and that bring them happiness. Housel argues that having this sense of autonomy and control over one’s schedule is extremely valuable for well-being and life satisfaction.

Therefore, gaining financial independence through wise money management can generate high returns in terms of quality of life, even if it does not directly earn high monetary returns. The key message is that money allows greater personal agency over how time is spent, and this ability to self-determine one’s schedule is closely tied to happiness.

Marvin Gaye: Inflation, Finance, Bills

Posted by admin on Friday, April 2, 2021

Marvin Gaye Money Quote saying inflation wipes out any increases in income, while money is still owed and young men are sent off to war. Marvin Gaye said:
 
Inflation, no chance, To increase finance. Bills pile up sky high. Send that boy off to die Quote
 

“Inflation, no chance, to increase finance. Bills Pile up sky high. Send that boy off to die” — Marvin Gaye

 

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Marvin Gaye is commenting in his song on the relationship between inflation, government spending priorities and war with his lyrics. The lines suggest that inflation is not a random occurrence but rather a deliberate policy used by governments to boost tax revenues through a rising cost of living (“inflation, no chance, to increase finance”).

Gaye implies this added revenue is spent on accumulating excessive bills (“Bills Pile up sky high”) that can only be paid off by sending young people to fight in wars (“Send that boy off to die”).

The overall interpretation is that Gaye views inflation as a tax that is used to fund military spending, with wars becoming a consequence of this fiscal policy approach. He seems to be criticizing how inflation and government finances can indirectly contribute to the costs of conflict.

Suze Orman: Investing in Stocks

Posted by admin on Friday, January 22, 2021

Suze Orman Money Quote saying unneeded money should be invested because it grows over time to fund retirement. Suze Orman said:
 
building a retirement fund. Since your goal is in the future, money for investing belongs in stocks Quote
 

“Money you won’t need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks” — Suze Orman

 

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Suze Orman is saying that if your financial goal, such as retirement, is at least 7 years in the future, then you should invest money meant for that goal in stocks. Stocks have historically had higher long-term returns than other asset classes like bonds or cash.

Since you have many years until you need the money, you have time for your stock investments to recover from short-term market downturns. By investing in stocks now, your money will have more time to grow over the long run through gains in the stock market.

Robin Leach: Finance Biz Rich

Posted by admin on Friday, March 20, 2020

Robin Leach Money Quote saying it is those surrounded with money in the finance businesses that end up with more wealth. Robin Leach said:
 
It is usually people in the money business, finance, and international trade that are really rich Quote
 

“It is usually people in the money business, finance, and international trade that are really rich” — Robin Leach

 

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In this quote, Robin Leach seems to be making an observation about the industries and occupations that most commonly generate immense wealth. By stating that it is “usually people in the money business, finance, and international trade that are really rich”, Leach implies that fields directly involved with the movement and investment of large sums of money, such as banking, finance, and global commerce, are those that most frequently produce extraordinarily high incomes and net worth.

The quote conveys Leach’s perspective that interacting with and facilitating transactions of vast monetary resources in these specialized sectors is what typically leads to accumulating great personal fortunes, more so than other career paths without such direct involvement in high-level financial dealings.

Overall, Leach appears to be acknowledging that proximity and contribution to the circulation and growth of huge amounts of capital through occupations in money-related industries has historically been most conducive to achieving extremely high individual affluence and assets.

Alice Childress: Lack of Funds Poor

Posted by admin on Saturday, October 12, 2019

Alice Childress Money Quote saying being poor is seen as simply not having enough money to survive, when in fact it is much more complex. Alice Childress said:
 
We think of poverty as a condition simply meaning a lack of funds, no money, but when one sees fifth, sixth, and seventh generation poor, it is clear that poverty is as complicated as high finance Quote
 

“We think of poverty as a condition simply meaning a lack of funds, no money, but when one sees fifth, sixth, and seventh generation poor, it is clear that poverty is as complicated as high finance” — Alice Childress

 

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In this quote, Alice Childress is pointing out that poverty is much more complex than simply lacking money or funds. When poverty spans multiple generations of a family or community, as she describes with “fifth, sixth, and seventh generation poor”, it indicates poverty has systemic social and economic roots beyond any individual circumstances.

Childress suggests that deeply entrenched, multigenerational poverty is influenced by factors like lack of access to education, employment opportunities, healthcare and other resources. Her comparison to “high finance” implies poverty has intricate structural causes and perpetuating dynamics, just as finance systems do, and cannot be solved through temporary or surface-level remedies alone.

The quote aims to convey that poverty must be understood and addressed as a complex social issue rather than a solely personal economic condition.

Shirley MacLaine: Pictures Money

Posted by admin on Wednesday, April 24, 2019

Shirley MacLaine Money Quote saying she let the money people work out whether a film produced income while paying attention to her part in it. Shirley MacLaine said:
 
I've never cared whether a picture makes money or not. Now I care, because it's all about whether they'll finance the next one. And we've got to start making better pictures in Hollywood Quote
 

“I’ve never cared whether a picture makes money or not. Now I care, because it’s all about whether they’ll finance the next one. And we’ve got to start making better pictures in Hollywood” — Shirley MacLaine

 

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Shirley MacLaine is saying that earlier in her career, she did not focus on whether a movie made a profit or not. However, now she cares about box office performance because studios use that as a major factor in deciding whether to finance (provide funding for) an actor or director’s next proposed film project.

By “better pictures”, she means higher quality films. So her point is that in Hollywood, commercial success is important nowadays in order to get funding approval for future movies, and this puts pressure on creators to prioritize profitability over just artistic merit when making creative decisions about their films.”

Joseph Conrad: Finance Liquidation

Posted by admin on Monday, December 3, 2018

Joseph Conrad Money Quote saying that somehow assets are like a mist and cannot be liquidated before turning to vapor. Joseph Conrad said:
 
The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation Quote
 

“The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation” — Joseph Conrad

 

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In this quote, Joseph Conrad is making an observation about the peculiar nature of the financial world. While liquidation typically involves making assets liquid or convertible to cash, Conrad notes that in finance, “evaporation” or loss of value often comes first before any actual liquidation process.

His point seems to be that in the financial system, wealth or asset value can mysteriously disappear (“evaporate”) rapidly even without a formal selling off of holdings. This reflects how intangible factors like confidence, speculation and market sentiment can significantly influence the apparent worth of investments in ways that may seem inexplicable to outsiders.

Conrad captures the opaque and volatile quality of finance, where money can vanish almost immaterially before the mechanics of settling accounts.

Birthday December 3, 1857 – Died August 3, 1924

 

James Altucher: Hidden Personal Finances

Posted by admin on Monday, May 28, 2018

James Altucher Money Quote saying those who understand finances figure out how to disappear money with great care so it can grow. James Altucher said:
 
People who know personal finance hide the money very carefully Quote
 

“The people who know personal finance hide the money very carefully” — James Altucher

 

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This quote from James Altucher suggests that people who truly understand personal finance tend to be prudent with how they manage and protect their money. Altucher implies that those who are knowledgeable about financial matters do not flaunt or carelessly expose their wealth.

Rather, they “hide” or carefully safeguard their money, likely through measures like diversifying investments, maintaining emergency funds, and acquiring assets like real estate or retirement accounts that preserve value over time.

The quote conveys that a sign of real financial expertise is discretion and security around one’s money rather than ostentatious displays of wealth. It promotes wisdom in managing finances privately and securely rather than publicly flaunting what one has accumulated.

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