Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Suze OrmanRead
If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape.
Interpretation
Regularly reviewing your finances leads to better financial health over time.
This quote emphasizes the importance of proactive financial management. By dedicating time each month to assess your finances, you cultivate awareness and control over your money, ultimately resulting in improved financial stability and readiness for the future.
In practice
In a financial workshop, I shared the quote to encourage participants to regularly check their expenses.
Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Bad debt is sacrificing your future day needs for your present day desires.
We are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.
So many financial dreams are thwarted by the failure to act upon good intentions.
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.
When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher, not the heart of a salesman.
There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope.
The financial industry is a service industry. It should serve others before it serves itself.
Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
All the math you need in the stock market you get in the fourth grade.
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