jenk: Faye (jen95)
[personal profile] jenk
From Michelle Singletary's column:

• "You must pay at last your own debt. If you are wise, you will dread a prosperity, which only loads you with more." -- Ralph Waldo Emerson.

• "Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety." -- Andrew Jackson.

• "The rich ruleth over the poor, and the borrower is servant to the lender." -- Proverbs 22:7.

If you are addicted to credit, heed these words:

• "Our business is to have great credit and to use it little." -- Thomas Jefferson.

• "When you live on cash, you understand the limits of the world around which you navigate each day. Credit leads into a desert with invisible boundaries." -- Anton Chekhov.

• "Life was a lot simpler when what we honored was father and mother rather than all major credit cards." -- Robert Orben.

Words to the wise about living within your means:

• "There is no dignity quite so impressive, and no independence quite so important, as living within your means." -- Calvin Coolidge.

• "We live in the richest country in world history, yet only 5 percent of the population ever achieves financial independence. The problem is not the high cost of living. It's the cost of living high." -- Michael LeBoeuf.

• "If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend." -- Thomas J. Stanley and William D. Danko.

Here is some guidance on teaching your kids good money management:

• "The best time to start giving your children money is when they will no longer eat it. Basically, when they don't put it in their mouths, they can start putting it in their bank." -- Barbara Coloroso.

• "Given the choice, children who don't want for anything will not save. . . . We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it." -- Barbara Coloroso.

• "He is rich or poor according to what he is, not according to what he has." - Henry Ward Beecher.
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