We've drifted away from being fishers of men to being keepers of the aquarium.
Paul HarveyRead
When your outgo exceeds your income, the upshot may be your downfall.
Interpretation
Spending more money than you earn can lead to financial ruin.
This quote by Paul Harvey highlights the importance of managing one's finances effectively. When expenses surpass income, it can create a cycle of debt and eventual financial instability, serving as a warning against reckless spending and underscoring the need for fiscal responsibility.
In practice
In a financial literacy workshop, the instructor quoted Paul Harvey to emphasize the importance of budgeting.
We've drifted away from being fishers of men to being keepers of the aquarium.
One vote. That's a big weapon you have there, Mister. In 1948, just one additional vote in each precinct would have elected Dewey. In 1960, one vote in each precinct in Illinois would have elected Nixon. One vote.
In times like these, it helps to recall that there have always been times like these.
I've never seen a monument erected to a pessimist.
Oh, things always get better. Tomorrow will always be better. Just think about it . . . is there any time in history in which you'd rather live than now?
We were poor, but we didn't know it. There were no government bureaus in those days presuming to determine where poorness begins and ends, but I don't remember ever being hungry.
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
Finance that only talks to itself & deals with each other becomes socially useless
If I subscribed to the efficient market theory I would still be delivering papers
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
Debt is so ingrained into our culture that most Americans can't even envision a car without a payment ... a house without a mortgage ... a student without a loan ... and credit without a card. We've been sold debt with such repetition and with such fervor that most folks can't conceive of what it would be like to have NO payments.
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