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.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
Liquidity is a good proxy for relative net worth. You can't lie about cash, stocks, and bond values.
The only thing useful banks have invented in 20 years is the ATM.
When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
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