Posts Tagged ‘savings’

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Matthew Desmond: Homeownership

Posted by admin on Thursday, September 16, 2021

Matthew Desmond Money Quote saying that owning a home can be one of the strongest reasons to save and invest in that ownership. Matthew Desmond said:
 
There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller Quote
 

“There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller” — Matthew Desmond

 

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Ron Chernow: Broker Banker

Posted by admin on Wednesday, July 28, 2021

Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
 
American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker Quote
 

“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow

 

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Donna Brazile: Covid & Women

Posted by admin on Friday, May 15, 2020

Donna Brazile Money Quote saying women are suffering from Covid 19 in higher numbers due to working in more essential businesses adding to existing inequality. Donna Brazile said:
 
women in the U.S. are losing their jobs at higher numbers than men, women have lower earnings and fewer savings to fall back on during the economic downturn caused by the coronavirus pandemic Quote
 

“At the same time that women in the U.S. are losing their jobs at higher numbers than men, women have lower earnings and fewer savings to fall back on during the economic downturn caused by the coronavirus pandemic” — Donna Brazile

 

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Germaine Greer: Housewife Pay

Posted by admin on Sunday, November 3, 2019

Germaine Greer Money Quote saying there is no job security as a housewife and it can mean a woman can lose the unpaid role without severance pay. Germaine Greer said:
 
The housewife is an unpaid worker in her husband's house in return for the security of being a permanent employee: hers is the reductio ad absurdum of the employee who accepts a lower wage in return for permanence of his employment Quote
 

“The housewife is an unpaid worker in her husband’s house in return for the security of being a permanent employee: hers is the reductio ad absurdum of the employee who accepts a lower wage in return for permanence of his employment. But the lowest paid employees can be and are laid off, and so are wives. They have no savings, no skills which they can bargain with elsewhere, and they must bear the stigma of having been sacked” — Germaine Greer

 

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Kora-Lea Vidal: No Happiness Savings

Posted by admin on Thursday, March 1, 2018

Kora-Lea Vidal Money Quote saying that storing up reserves of cash can be all-consuming, but without saving good happiness and enjoyed experiences that money is useless. Kora-Lea Vidal said:
You may have savings but neglected happiness, then money worthless Quote

You may have a lot of money tied up in your savings but if you neglected to save up happiness then your money is worthless
— Kora-Lea Vidal

 

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Elayne Boosler: Banks Keep Savings

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying you can get a toaster from your bank instead of getting your savings returned if they are dishonest (likely). Elayne Boosler said:
 
Elayne Boosler Banks used to give us toasters when we opened an account. Now, they give us toasters instead of returning our savings quote
 

Banks used to give us toasters when we opened an account. Now, they give us toasters instead of returning our savings” — Elayne Boosler

 

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Elayne Boosler: Charles Schwab Greedy

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying Charles Schwab took investment money labeled as “safe” to invest in risky mortgages, lost it and paid investors only a dime on the dollar. Elayne Boosler said:
 
Elayne Boosler Schwab took the money entrusted to it by people willing to accept very little, to protect their savings, and used it to buy high-risk junk mortgages to enrich itself on the back end. We weren’t greedy. Charles Schwab was quote
 

“Schwab took the money entrusted to it by people willing to accept very little, to protect their savings, and used it to buy high-risk junk mortgages to enrich itself on the back end. We weren’t greedy. Charles Schwab was” — Elayne Boosler

 

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Loris Gallina: Invest Savings in Trust?

Posted by admin on Friday, December 2, 2016

Loris Gallina Money Quote saying we trust in professionals to give us valuable advice, but his bank has failed us as a financial advisor. Loris Gallina said:
 
If I go to a bank to invest my savings I trust it will look after them,  So who do I trust now? Who can I trust? Quote
 

“If I go to a plumber I trust he will fix my plumbing. If I go to a doctor I trust he will cure my health. If I go to a bank to invest my savings I trust it will look after them, So who do I trust now? Who can I trust?” — Loris Gallina

 

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