Posts Tagged ‘savings’
Next Page »Matthew Desmond: Homeownership
on Thursday, September 16, 2021Matthew 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” — Matthew Desmond
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Ron Chernow: Broker Banker
on Wednesday, July 28, 2021Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
“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
on Friday, May 15, 2020Donna 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:
“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
on Sunday, November 3, 2019Germaine 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. 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
on Thursday, March 1, 2018Kora-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 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
on Tuesday, March 28, 2017Elayne 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:
“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
on Tuesday, March 28, 2017Elayne 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:
“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?
on Friday, December 2, 2016Loris 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 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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