Morgan Housel: Year Lottery Tickets

Meaning of Morgan Housel Money Quote: saying Low-income families are putting $400 yearly into Lottery tickets instead of saving for emergencies. Morgan Housel said:
 
 

 

The lowest-income households in the U.S. on average spend $412 a year on lotto tickets, four times the amount of those in the highest income groups. Forty percent of Americans cannot come up with $400 in an emergency. Which is to say: Those buying $400 in lottery tickets are by and large the same people who say they couldn’t come up with $400 in an emergency” — Morgan Housel

This quote from Morgan Housel is pointing out an interesting contradiction in spending habits. While the lowest-income households spend much more on lottery tickets compared to higher earners, around 40% of Americans say they do not have $400 available for an emergency.

This suggests that many of the people spending $400 or more per year on lottery tickets are among those who claim they could not come up with $400 if needed. In other words, those with relatively low incomes are devoting a significant amount of money to lottery tickets despite indicating that they have little financial flexibility or emergency savings.

Matshona Dhliwayo: Buy Back Soul

Meaning of Matshona Dhliwayo Money Quote: saying a powerful reminder of the potential consequences of our actions and the importance of living a life that aligns with our values and principles. Matshona Dhliwayo said:

 

 
“If you sell your soul to the Devil, you will spend the rest of eternity trying to buy it back” – Matshona Dhliwayo
 

Above is a famous saying attributed to Matshona Dhliwayo, a Zimbabwean author and philosopher. Some additional insights about this quote:

1. Context: The quote is often used to caution people against making deals with the devil or engaging in activities that might have long-lasting negative consequences. It suggests that once you’ve made a deal with the devil, it’s difficult to undo the damage and regain your lost soul.
2. Symbolism: The phrase “selling one’s soul” is a metaphor for sacrificing one’s values, principles, or integrity for personal gain. In this context, the soul represents the essence of who you are and what you stand for.
3. Eternal consequences: The quote emphasizes the eternal nature of the consequences of selling one’s soul. It implies that the damage done by such a decision will persist beyond this life and into the afterlife.
4. Personal growth: The quote can also be interpreted as a message about personal growth and self-awareness. It suggests that we should be mindful of our actions and their potential consequences, and strive to live a life that aligns with our values and principles.
5. Cultural references: The idea of selling one’s soul to the devil is a common motif in Western folklore and literature, dating back to the Middle Ages. It has been used to represent the temptation of evil and the dangers of yielding to our baser desires.
6. Modern applications: The quote can be applied to various modern situations, such as making decisions that prioritize short-term gains over long-term consequences, or compromising one’s values for personal advancement.
7. Author’s perspective: Matshona Dhliwayo is known for his philosophical and introspective writing style, and this quote reflects his emphasis on the importance of personal responsibility and self-awareness.

Overall, the quote “If you sell your soul to the Devil, you will spend the rest of eternity trying to buy it back” is a powerful reminder of the potential consequences of our actions and the importance of living a life that aligns with our values and principles.

P.J. O’Rourke: Spend Money Like

Meaning of P.J. O’Rourke Money Quote: saying better to spend our time and our money living large than in poverty and scarcity. P.J. O’Rourke said:

 

 

“It’s better to spend money like there’s no tomorrow than to spend tonight like there’s no money” — P.J. O’Rourke

The money quote above suggests that it’s more enjoyable to spend money freely and live in the present, rather than being frugal and saving for the future. This quote is often interpreted as a commentary on the human tendency to prioritize short-term pleasure over long-term financial security.

Birthday: November 14, 1947, Death: February 17, 2022

Margaret Atwood: Time Bankrupt

Meaning of Margaret Atwood Money Quote: saying making clear the value of time, which can’t be purchased. Being gifted with extra time is a blessing. Margaret Atwood said:

 

 

“He has to find more and better ways of occupying his time. His time, what a bankrupt idea, as if he’s been given a box of time belonging to him alone, stuffed to the brim with hours and minutes that he can spend like money. Trouble is, the box has holes in it and the time is running out, no matter what he does with it” — Margaret Atwood

The quote from Margaret Atwood highlights the idea that time is a precious and limited resource. She suggests that the traditional notion of time as something that can be spent like money is misguided, as time is not something that can be replaced or replenished once it’s gone.

Instead, the speaker emphasizes the importance of finding meaningful ways to occupy one’s time, as the box of time we are given is limited and will eventually run out.

David Norris: Spend Your Time

Meaning of David Norris Money Quote: saying spending time is more costly than spending money – time is forever gone once spent. David Norris said:
 

 

“How you spend your time is more important than how you spend your money. Money mistakes can be corrected, but time is gone forever” — David Norris

This quote from David Norris suggests that how one allocates their time has greater significance than how they manage their finances. Some key points in interpreting his perspective:

• Norris implies that while money decisions can sometimes be remedied, the passing of time cannot be reversed once lost, making time the more precious resource.
• He portrays time as irreplaceable, so it deserves highest prioritization in terms of ensuring it is invested in meaningful pursuits rather than wasted, unlike finances which allow for some flexibility.
• However, reasonable people can disagree on Norris’ implications, as responsible money management also frees up time by reducing stresses, and moderate debt can enable important goals like education if part of a holistic strategy.
• A balanced interpretation is that Norris aims to emphasize time’s value, but prudent personal finance requires moderation – neither overspending nor extreme frugality optimize well-being, which depends on individual situations and philosophies that may prioritize both security and freely pursuing deeper callings according to changing needs over the lifespan.

Overall, the quote conveys Norris’ belief in prioritizing time over money. But the best interpretation considers this perspective as one of many valid viewpoints, and recognizes that people define prosperity differently according to their unique paths and priorities. Multiple factors shape fulfilling lives, and ongoing discussions consider diverse perspectives as conditions evolve.

Ben Carson: Spend On Education

Meaning of Ben Carson Money Quote: saying we spend excessive amounts on entertaining ourselves and on sporting events which could fund education. Ben Carson said:

 

 

“If we would spend on education half the amount of money that we currently lavish on sports and entertainment, we could provide complete and free education for every student in this country” — Ben Carson

This quote from Ben Carson suggests that the United States spends an excessive amount on sports and entertainment relative to education, and that redirecting half of those funds could enable free universal education. Some key points in interpreting his perspective:

• Carson implies current spending priorities are misaligned by lavishing more on leisure/amusement than developing minds through schooling.
• He portrays education as underfunded compared to other industries and implies allocating a portion of sports/entertainment budgets could achieve education for all.
• However, reasonable experts can debate the appropriate role of public funding versus private capital across sectors, and complexities in overhauling fiscal allocations.
• A balanced interpretation acknowledges Carson aims to advocate greater education investment. But the best analysis considers this perspective alongside other reasonable positions, recognizing the need for open discussion and evidence-based solutions in good faith as conditions change.

Overall, the quote conveys Carson’s belief in redirecting certain non-essential spending. But the complex realities of governance require weighing multiple perspectives in pragmatic, consensus-building debates where experts may interpret data differently yet work toward common goals of sustained opportunity, equity and fiscal responsibility through civic participation and policymaking.

Candace Bushnell: Money Wants Art

Meaning of Candace Bushnell Money Quote: saying cash wants to be spent, but sometimes can’t afford the class or talent desired. Candace Bushnell said:
 

 

“Money follows art. Money wants what it can’t buy. Class and talent. And remember while there’s a talent for making money, it takes real talent to know how to spend it” — Candace Bushnell

In this quote, Candace Bushnell seems to be making several points about money, art, talent and spending:

• She notes that “money follows art”, implying financial success often arises from or is attracted to genuine creative works and self-expression (“art”) rather than the other way around.
• Bushnell also states that “money wants what it can’t buy” – suggesting wealth or status alone does not guarantee deeper fulfillments like admiration, respect or cultural significance that come from developing true talents and skills.
• The quote references “class and talent” as virtues that money cannot manufacture but which draw money toward them through popularity and influence.
• Finally, she acknowledges making money takes certain business acumen, but suggests it requires even greater wisdom and discernment to responsibly allocate wealth to meaningful causes and uses that create value rather than just frivolous displays of affluence.

Overall, Bushnell appears to be conveying that artistic merit and personal excellence will often be financially rewarded in the long run more than crass self-promotion. And once wealth is gained, the sign of true sophistication lies in philanthropically “spending” it to cultivate culture, skills and opportunities for others rather than selfish indulgence alone.

Sarah Breathnach: Money to Spend

Meaning of Sarah Breathnach Money Quote: saying lack of cash doesn’t prevent having enjoyable times each day. Sarah Breathnach said:
 

 

“Not having money to spend doesn’t mean we can’t have well-spent moments every day” — Sarah Breathnach

This quote by Sarah Breathnach suggests that even without a lot of financial resources, it is still possible to find meaningful experiences and make good use of one’s time on a daily basis. While money allows for certain activities and luxuries, true fulfillment and well-being do not necessarily depend on wealth or material possessions.

According to Breathnach, focusing on quality interactions, personal growth opportunities, acts of service, appreciation of nature or art, or other inexpensive pastimes can help people feel that their moments are well invested, regardless of monetary costs. The quote conveys an optimistic message that happiness does not solely come from money or consumption, and that living well can be defined in non-financial terms.