Frank Eberhart: Retirement Goal

Frank Eberhart Money Quote saying the point of retiring is to live on interest, not principal. Frank Eberhart said:
 

 

“The goal of retirement is to live off your assets – not on them” — Frank Eberhart

In this quote, Frank Eberhart seems to be emphasizing the importance of financial planning and asset allocation for a secure retirement. Specifically, he suggests that the objective of retirement should be:

• To utilize one’s accumulated assets or savings as a source of ongoing income and spending money during retirement years through dividends, interest payments, and other returns (“live off your assets”).
• However, Eberhart cautions against drawing down the principal balance of those assets for basic living expenses (“live on them”), which could deplete the nest egg prematurely without replenishment.

The best interpretation is that Eberhart believed retirees should aim to structure their finances so their assets generate sufficient cash flow to cover costs, thereby preserving the assets’ long-term purchasing power. His view stresses the importance of investment strategies that provide retirees the ability to benefit from assets without steadily diminishing their value over time through careful spending in line with returns.

Willard Scott: Retirement Fund

Willard Scott Money Quote saying a quality marriage can be compared to a good investment in that it appreciates over time to peak in golden years. Willard Scott said:
 

 

“A good marriage is like an incredible retirement fund. You put everything you have into it during your productive life, and over the years it turns from silver to gold to platinum” — Willard Scott

In this quote, Willard Scott seems to be using the metaphor of a retirement fund to describe the evolution and rewards of a strong marriage over time. Specifically:

• Scott portrays a good marriage as like making significant “deposits” into a retirement account through the investments of love, commitment, sacrifice and effort one makes while in their “productive” working years of life.
• He notes that just as investments gain value over decades, a marriage deepens and its rewards become more apparent as the years pass (“turns from silver to gold to platinum”).
• Scott implies that just as a retirement fund provides sustenance and security in older age, the emotional, social and practical support of a healthy marriage grows more invaluable as one reaches later stages of life.

The best interpretation is that Scott believes a marriage that stands the test of time becomes an increasingly precious resource, much like a retirement account that compounds in value the longer it accrues. His quote conveys the perspective that making “deposits” into a marriage through the active years ultimately pays profound lifelong dividends according to his metaphor for marriage’s capacity to enrich all seasons of life.

Birthday: March 7, 1934 – Death: September 4, 2021

Suze Orman: Investing in Stocks

Suze Orman Money Quote saying unneeded money should be invested because it grows over time to fund retirement. Suze Orman said:
 

 

“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

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.

Douglas Coupland: Anger Time Per Hour

Douglas Coupland Money Quote saying worrying about finances makes you think about time including hours, years and finally the end of it all. Douglas Coupland said:
 

 

“Worrying about money is anger-inducing because it makes you think about time: how many dollars per hour, how much salary per year, how many years until retirement” — Douglas Coupland

In this quote, Douglas Coupland is explaining why worrying about finances can be so emotionally distressing and angering. He notes that thinking about money inevitably leads one to consider time – how much one earns per hour of work, how much salary is earned in a year, and how many years are left until retirement. Viewing money through the lens of time spent working makes the constraints of limited hours and years especially salient.

Coupland suggests this type of calculation forces awareness of the non-renewable nature of time, which then induces stress and anger at how much time is spent toiling to earn money. The key message is that financial concerns are troubling because they highlight our mortality and the irreplaceable time we have, which contributes to feelings of frustration.

Douglas Coupland: Money Forces Math Use

Douglas Coupland Money Quote saying those not predisposed to enjoying math are in trouble when thinking about money woes, because it requires math to budget. Douglas Coupland said:
 

 

“Worrying about money forces you to do endless math in your head, and most people didn’t like math in high school and they don’t like it now” — Douglas Coupland

In this quote, author Douglas Coupland seems to be commenting on how worrying excessively about one’s financial situation can have negative mental and emotional effects. He suggests that being preoccupied with money causes people to constantly run calculations and numbers in their minds, akin to disliked math exercises from school.

Coupland implies this type of mental “math” is stressful and anxiety-provoking for most individuals, as few find the process enjoyable. His view appears to be that obsessively worrying over monetary issues places unnecessary mental strain on people by triggering memories of math-related scholastic frustrations and discomfort.

Overall, the quote conveys Coupland’s perspective that an ongoing focus on money issues can tax one’s mental well-being in an unpleasant way.

Elizabeth Warren: Bank CEO Massive Fraud

Senator Elizabeth Warren Money Quote saying about former CEO of Wells Fargo Bank, John Stumpf that he should face prosecution for fraud. Senator Elizabeth Warren said:
 

 

“A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement” — Elizabeth Warren

In this quote, Elizabeth Warren arguing that bank executives should not be able to commit major misconduct or illegal acts and then face no real consequences. Some key points:

• She refers to a bank CEO “oversight of a massive fraud”, implying serious wrongdoing or corruption.
• Warren states that such a CEO should not just be able to “simply walk away to enjoy millions in retirement” after such an offense.
• This suggests she believes executives personally responsible for significant corporate fraud or other financial crimes should face stronger penalties than just being allowed to retire wealthy.
• The quote conveys Warren’s view that bank leaders need to be held personally accountable for major transgressions on their watch, rather than escaping punishment by resigning.

Overall, Elizabeth Warren appears to be advocating for tougher accountability and enforcement against top banking executives involved in legal/ethical breaches.

A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement.

— Elizabeth Warren (@SenWarren) October 12, 2016

A bank teller would face criminal charges & a prison sentence for stealing a handful of 20s from the cash drawer.

— Elizabeth Warren (@SenWarren) October 12, 2016

If @WellsFargo’s John Stumpf is leaving with all of his ill-gotten millions, that's still not real accountability.

— Elizabeth Warren (@SenWarren) October 12, 2016

Barack Obama: Work for Every American

Barack Obama Money Quote saying during democratic national convention speech that economic justice needs dedicated work to make gains and resolve poverty. Barack Obama said:
 

 

“We’ve still got more work to do. More work to do for every American still in need of a good job or a raise, paid leave or a decent retirement; for every child who needs a sturdier ladder out of poverty” — Barack Obama

In this quote, Barack Obama seems to be acknowledging progress made under his administration but also arguing more work remains to fully strengthen the economy and support all Americans. Some key points:

• He states “We’ve still got more work to do”, recognizing goals have not been completely achieved despite efforts.
• Obama lists specific challenges like those still needing a stable job/higher pay, paid leave from work, a secure retirement, or pathways for children in poverty to rise above hardship.
• The “sturdier ladder” metaphor suggests a desire for social mobility and opportunities for the less fortunate to climb higher socioeconomically.

Overall, the quote conveys Obama’s view that while headway was made in improving conditions, continued efforts are still required across policies and programs that empower workers, families and the disadvantaged to ensure widespread prosperity and a level playing field for all citizens to reach their full potential. More remains to be done to solidify economic gains and benefits inclusively.