Quotes That Can Change Your Attitude Towards Money

Quotes That Can Change Your Attitude Towards Money s

50 Money Quotes by Famous People that Can Change Your Attitude Towards Money

Catherine Alford

Catherine Alford is a personal finance freelance writer who received a B.A. from The College of William and Mary and an M.A. from Virginia Tech.

When you need advice about your finances, it’s often quite inspirational, interesting, and even funny to research the opinions of famous businessmen, thinkers, and celebrities. Check out our 50 favorite money quotes below: we hope they can help you change your attitude towards money in a positive way.

1. “Money can’t buy friends, but you can get a better class of enemy.” Spike Milligan

2. “Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.” Benjamin Franklin

3. “A wise person should have money in their head, but not in their heart.” Jonathan Swift

4. “Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.” Donald Trump

5. “Money often costs too much.” Ralph Waldo Emerson

6. “A man is rich in proportion to the things he can afford to let alone.” Henry David Thoreau

7. “You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.” Maya Angelou

8. “Money is usually attracted, not pursued.” Jim Rohn

9. “Not he who has much is rich, but he who gives much.”
Erich Fromm

10. “Never stand begging for that which you have the power to earn.” Miguel de Cervantes

11. “There’s no money in poetry, but then there’s no poetry in money, either.” Robert Graves

12. “I’d like to live as a poor man with lots of money.” Pablo Picasso

13. “When it is a question of money, everybody is of the same religion.” Voltaire

14. “Money is power, freedom, a cushion, the root of all evil, the sum of blessings.” Carl Sandburg

15. “It is better to have a permanent income than to be fascinating.” Oscar Wilde

16. “It doesn’t matter about money; having it, not having it. Or having clothes, or not having them. You’re still left alone with yourself in the end.” Billy Idol

17. “What difference does it make how much you have? What you do not have amounts to much more.” Seneca

18. “You use your money to buy privacy because during most of your life you aren’t allowed to be normal.” Johnny Depp

19. “The art is not in making money, but in keeping it.” Proverb

20. “The glow of one warm thought is to me worth more than money.” Thomas Jefferson

21. “Money is the wise man’s religion.” Euripides

22. “Only buy something that you’d be perfectly happy to hold if the market shut down for ten years.” Warren Buffett

23. “Put all good eggs in one basket and then watch that basket.” Andrew Carnegie

24. “Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.” William Shakespeare

25. “Money is like muck—not good unless it be spread.” Francis Bacon

26. “Money can’t buy happiness, but it will certainly get you a better class of memories.” Ronald Reagan

27. “Never ask of money spent Where the spender thinks it went. Nobody was ever meant To remember or invent What he did with every cent.” Robert Frost

28. “When I had money everyone called me brother.” Polish proverb

29. “For I don’t care too much for money, for money can’t buy me love.” The Beatles

30. “If you think nobody cares if you’re alive, try missing a couple of car payments.” Earl Wilson

31. “Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises.” Aristotle

32. “Money and women are the most sought after and the least known about of any two things we have.” Will Rogers

33. “My formula for success is rise early, work late and strike oil.” JP Getty.

34. “I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died” Malcolm Forbes

35. “Frugality includes all the other virtues.” Cicero

36. “Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.” Gandhi

37. “He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all.”
Eleanor Roosevelt

38. “Know what you own, and know why you own it.” – Peter Lynch

39. “Formal education will make you a living; self-education will make you a fortune.” Jim Rohn

40. “A treasure is to be valued for its own sake and not for what it will buy.” Graham Greene

41. “The way to stop financial joyriding is to arrest the chauffeur, not the automobile.” Woodrow Wilson

42. “I pity that man who wants a coat so cheap that the man or woman who produces the cloth shall starve in the process.” Benjamin Harrison

43. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” Thomas Edison

To continue reading, please go to the original article here:

https://www.lifehack.org/articles/money/50-money-quotes-by-famous-people-that-can-change-your-attitude-towards-money.html

How Will You Handle Close Family Members?

How Will You Handle Close Family Members?

By Muhammad Ali

This is a very delicate subject and the nice thing with this long wait for the RV, I have had many years to think about and research it. So in this article, I'd like to share some ideas from my research. I too have family and I also want to help them along with some of my friends and neighbours.

On my Currency Exchange Planner website, I have a Survey and one of the questions I added was:

Who do you plan to help your immediate family, extended family (brothers, sisters, and in-laws), charities or community?

My Family

Extended Family

Charities

Community

(Choose all that apply)

I have had many people complete the survey and I look thru each result and what I've noticed by far the most prominent choices are My Family and Extended Family, then Charities and Community.

So this tells me there is a lot of truth in the saying Charity begins at home. For the sake of this article I will group your family and extended families as just family members, this will also include friends or neighbours that you plan to help.

Now we all have family members that we want to help and possibly some members that we do not want to help, for various reasons, but the question is, not whether we want to help them, rather what do we tell them when they ask where did you get the money from?

This is the tricky question and will require careful thought and consideration and the answers may be different for each and every one of us especially when it comes to the amount of how much that we want to give them and how much currency we hold, but is there a general response that we can use?

If we tell them the truth that it was from a currency exchange, we may get bombarded with additional questions, such as, well how much money did you make? Or, since it was easy money, why don't you give me more money then? After all, you can just go buy more currency right? This already shows that they lack an understanding of this investment.

Chances are once the money you've given them runs out they will be back for more. So will you become the continual ATM of the family?

So these are the guaranteed challenges that we will face after the RV, and with some basic thinking and preparedness now, we can be ready for this obstacle when it faces us.

The first challenge you will face is how much are you willing to give to your family? And how will this affect your balance of exchange money? So this is something that many people don't really have a clue.

I am a true believer of give and you shall receive. God is Great and Merciful, so give from your heart, but at the same token have a sense of what you're doing. Know how much you are giving out, and how much you will have left over.

In your planning you should be in control of your money not your emotions controlling your money. After all, we are the ones that waited and sacrificed all of these years, reading news and hearing soon...soon...soon, not our families. They didn't wait up 'til 3am because there was a Red Alert notice for RV the same night. Did they?

So for this very reason, I added a Family Gifting section in my Currency Exchange Planner that you can list down the family members that you want to gift to and how much you plan to give them, then you can immediately see how these amounts affect your bank balance.

Then if required, you can change and adjust your contributions. There is also a Charity planning section in the program so you can see how that would affect your balance too.

So I believe this is the first step, once you've determine who and how much you plan to give the next step is deciding what to say to them.

If you were giving them $500 or $1000, it's probably easy to say that you got an extra bonus at work or an old friend paid back a long overdue debt and you just want to share a little bit with them. How about if you wanted to give your family a million or more? What would you tell them, then? Also do you plan to give them in one lump sum or break it down into smaller payments over time? Questions to think about right?

So the next thing you want to think to yourself is do you want to tell them the truth or not? And if you tell them the truth, what would be the consequences of those actions? If they already know about the RV, then it's difficult to hide the fact of where the money came from, because they are going to figure it out sooner or later. Always bear in mind that their motivations may be different from yours.

You may feel pressure (imagined or otherwise) to make promises to people, which will compromise your financial future. So let's assume they don't know about the RV, as you've never mentioned it to them before.

Now, from my research on this subject, I've seen various kinds of responses, some advice I have seen is to take the low profile route and avoid or be careful of family. Your lawyer, wealth manager or financial advisor will usually tell you that your new wealth may attract new friends, and estranged family members may pop out of nowhere.

In fact, it is quite common for advisors to suggest directing requests for money from family to the advisor. Sometimes this can be a good idea and it puts some distance between you and the family or friend. So that is good advice to remember.

Another advice that I want to share with you is it may appear to you that your family may start acting friendlier and more affectionate than before. This show of affection often makes it worse, because you'll suspect these people are interested in the money and not in you.

So please be careful to keep your emotions in check and controlled. It is one thing to be paranoid about your families gunning for your wealth but don't take it to extreme levels as you will be the one who will have the stress and psychological impact. In other words, don't let your own behaviour be part of the problem, as well.

Now the above kind of advice is fine if we plan to take the low profile route, but what if we truly wanted to open on telling our family but at the same time protect ourselves from them bombarding us with sensitive questions and exposing too much of our currency exchange to them.

I always believe that honesty is the best policy, and I teach this to my children as well. However, in this case we may need to stretch the truth a little. Keep in mind, another reason for not telling everything especially to our children, is for their own protection.

When their friends suddenly come to know that their best friend is now a multi-millionaire their friendships will change. So until the point that your children transition into the wealth, best to keep them partially in the dark, for their own good.

About letting your extended family and friends know, it's best and advisable to keep your sudden wealth situation as private as possible. If you really need to tell someone, only tell really close friends or family, the fewer people who know the better.

If you do tell, keep the information minimal, for example, let's say you're holding Dinar, Rial, Dong, Zim and Rupiah but you only tell them 1 currency, say Dong or Dinar, which ever it is, maintain 1 and maintain the same cover story to whoever you need to tell. This is to avoid unsolicited advice and pressure from others.

Here are some other things that you can tell them about the balance of your money, you paid off all of your debts and blocked off 40% for taxes. Then you invested in an account that you can only withdraw money from in 5 years or that you purchased government bonds with any extra cash you have and they cannot be cashed in for 7 years.

Indirectly, you are telling them that no financial commitments are going to be made for some time to avoid causing them any offence.

As far as I can see it, there really is no upside to telling your extended family or friends everything - they’ll either sponge off you until all the money is gone or they’ll hate you for not giving them all your money.

The point is, when people think there is a safety net to catch them, they’re more comfortable with jumping out of the burning building instead of working their way through the fire to make it out.

I just want to clarify one last point, make a distinguishment between immediate family, extended family, and friends and neighbours. Your immediate family will be your spouse and your children, your extended family are your brothers, sisters, in-laws etc. and friends are well, friends.

I, particularly, want to mention about your immediate family, depending on your age, your children could be still in school or married with their own children and working. Eventually, we will want to pass on our wealth thru our wills to our children (unless you have another plan).

In my previous article called "Preparing our Children to Inherit Wealth", I talked about passing down our wealth to our children and I explained that even though we use lawyers and advisors and do the proper paper work, many times it breaks down and there are problems, and the main problem is communication.

The advice that I shared was to have regular meetings with your children and share your dinar stories and experiences you had while waiting for it to happen.

It is my suggestion that when you feel the time is right and you feel that your children have transitioned into the wealth, tell them everything, even though you may have held off telling them the complete truth at the beginning. As for your extended families, friends and neighbours always draw and maintain a line with them.

This subject definitely needs more research on your own. I did a search on Amazon and there are over a dozen books on Sudden Wealth and how families coped with it.

I would strongly suggest taking a search thru Amazon or your local book shops and read some of the books' descriptions and reviews and then pick up a copy of a book that you feel comfortable with. The more you know on this subject, the more informed you will be and the more you can keep a handle on it and handle those around you.

Visit my website and get a hold of my currency exchange planner, it will help you with your family gift and charity planning.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali www.CurrencyExchangePlanner.com

https://www.currencyexchangeplanner.com/article-26-handling-family-members

Surprisingly Honest Quotes About Money

Surprisingly Honest Quotes About Money

From Entrepreneurs, Celebrities, Authors and Athletes

The lifestyles of the rich and famous haven't always been so charmed.

Lydia Belanger

You might think celebrities never worry about money or don’t think twice when shelling out for fancy cars and clothes or even basic necessities. But the reality is, many of the most successful entertainers and entrepreneurs didn’t come from wealthy backgrounds. In many cases, even if they did grow up comfortable, they had to survive on their own dime before finding fame or fortune.

To help today’s financially anxious young people feel less alone in their money woes, digital investment service Wealthsimple is running an ongoing series called “Money Diaries.”

It features candid interviews with actors, authors, athletes and more about their first experiences with money (odd jobs and allowances), scraping by in their 20s, managing an influx of cash when they had their big breaks and more.

Many of the celebrities, entrepreneurs and thinkers featured in the series are forthcoming and vulnerable in the anecdotes they share. They don’t take money for granted -- they save it and think twice before they spend it. Most notably, many of them acknowledge that money is fleeting.

Click through to learn how Anthony Bourdain, Margaret Atwood, Iman Shumpert and other successful folks think about money.

Some quotes have been edited for clarity.

1. Mark Duplass, film producer and director

“I don’t like spending money on anything that goes away. But I live in a big, expensive house, because I know that will appreciate in value. I like to fly coach and I like to drive a Toyota. I’m a very traditional kind of 1940s guy who’s like, ‘You gotta invest and let it appreciate and build your wealth and compound it.’”

2. Charles Duhigg, author and habit-formation expert

“A dollar is essentially a fungible stand-in for some other type of resource. Time is a resource. Energy is resource. A pension is a resource. Once you understand that a dollar is just stand-in for some other type of resource because we're trying to find some easy way to exchange one resource for another, then you begin to understand how money works.”

3. Allen Lau, Wattpad co-founder

“I still remember the look my wife gave me when I told her I was going to quit and start a new company focused on mobile reading. … Almost a year later, we passed 1,000 active users, but we had no venture capital. The only way we could make money was to add some Google advertisements to the website.

I remember we got a $2 check at the end of the month. I was sitting at a café with Ivan Yuen, my co-founder, and I said if we wanted our revenue to buy a coffee, we’d have to share this cup. It was super stressful.”

4. Maria Bamford, comedian and actress

“There’s so much shame attached to discussing finances. I don’t totally understand it. Why can’t we all know what everybody’s earning? When I get booked to do a stand-up show, I can gross $20,000 or more in a night. That’s my current market rate.

Two years ago, it would have been maybe a quarter of that amount. A year from now, it could be more or it could be a lot less. It’s impossible to predict. My finances have definitely changed from one year to the next.”

5. Abbi Jacobson, comedian and actress

“For the most part, I’m careful to save money, because I get a little nervous that the success I’ve been finding just won’t keep going. But I also work hard all the time to ensure it won’t all go away.

The next thing is always in the works. And lately, because I work so much, I’ve been feeling a bit like a workaholic. … But now the thought crosses my mind: What am I working for if I’m not going to get to enjoy things? So I’ve actually started to splurge on myself and other people in ways I never have before.”

6. Kevin Bacon, actor

“After high school, I moved to New York City. That’s what I did. I didn’t have anything lined up, and I started working in restaurants, first as a busboy, and then as a waiter. My relationship with money was very loose. I had no budget, no savings, no credit cards and no bank accounts.

I was a cash-only kind of guy. I’d get paid out at the end of the night, spend some of it at the bar, wake up the next day, and check my pockets to see how much money I had left. There was never a budget or any kind of longer-term financial plan.”

7. Anthony Bourdain, chef and TV personality

“In cooking school, I’d work weekends in New York as a cook; I think I was paid $40 cash per shift, which was a lot at the time. I made extra money by playing poker and Acey-Deucey, another card game. I may or may not have moved a little product.

“I didn’t put anything aside, ever. Money came in, money went out. I was always a paycheck behind, at least. I usually owed my chef my paycheck [for] cocaine. Until I was 44, I never even had a savings account.”

8. Margaret Atwood, author

“The Handmaid’s Tale television series was not my deal. I sold the rights to MGM in 1990 to make a movie -- so when the TV rights were sold to Hulu, the money went to MGM. We did not have a negotiating position. I did get brought on as an executive consultant, but that wasn’t a lot of money.

People think it’s been all Hollywood glamour since the TV show happened, but that’s not happening to me. But book sales have been brisk, so there’s that.”

9. Woody Harrelson, actor

“Every once in a while I treat myself with a special purchase. The most extravagant I’ve been is when I bought a Tesla not too long ago. I like the way it drives, and I really like the idea of reducing my carbon footprint. But often, I’ve found, the least expensive things can be the most personally rewarding. Take my wedding, for example. The whole event cost a total of $500.”

10. Kylie Jenner, reality TV star and social influencer

“Over the years, even as I’ve had more money available to me, my relationship with money hasn’t dramatically changed. I’ve never been the type to say, ‘Oh, look, I just made all this money. Now I can go spend it.’ One day, I’ll step out of the spotlight, I think, and just live a normal life. And just because I have money now, doesn’t mean I’ll always have money.”

11. Bobbi Brown, makeup artist and entrepreneur

“I have never been great at sticking to a budget. I used to owe more in interest on my credit card than I owed for stuff I bought on the card. I remember being really young and calling my dad in tears, and I thought he was going to say, ‘You’ve got to learn how to live within your budget!’

Instead, he said, ‘Forget about following a budget. Why don’t you just figure out how you’re going to make more money?’ I’ll never forget that.”

12. French Montana, hip-hop artist

“People expect you to spend lavishly everywhere you go -- strip clubs, restaurants. I’ll always tip $100. But if you spend like crazy every day, you will go broke. It’s funny in some ways that I have to throw $50,000 or people will think I’m broke because for most of my life I was broke.”

13. Iman Shumpert, professional basketball player

“Now that I think about it, our whole team isn’t big on expensive stuff. For as much money as we make, we’re all pretty cheap. We split the bill at dinner. We're smart about our coins, man. If I ever wanted to have someone on the team invest my money, it’d be LeBron.”

14. Chris Mazdzer, Olympic silver medalist (luge)

“Luge runs are expensive … you’re looking at about $20 to $30 a run. So there are times we’re spending $100 a day per person just on runs. During the 2015-2016 season, I was ranked third overall in the world. I had a dream season, I couldn’t have really done much better. The total prize money was $14,000.”

15. Aubrey Plaza, comedian and actress

“[Because I didn’t have money] I used to eat peanut butter out of the jar for lunch ... In four days, everything happened for me. I was at the right place, right time. Now I eat fancy almond butter, but still out of the jar.”

16. Jon Hamm, actor

“I worked in restaurants for a long, long time. Recently, I realized that I’d crossed an interesting threshold. I’ve now -- just recently -- been working as an actor for longer than I worked as a waiter and bartender. To me, the main reason to have money is to remove the hindrances that accompany being broke. Once those hindrances are out of the way, it doesn’t matter if you have a ton of money or just a comfortable amount.”

To continue reading, please go to the original article here:

https://www.entrepreneur.com/slideshow/309877

45 Carlos Slim Helu Quotes About Wealth & Success

45 Carlos Slim Helu Quotes About Wealth & Success

By Dan Western

Carlos Slim Helu is a Mexican business magnate, investor, and philanthropist;

He was also once the richest man in the world, according to Forbes, and now remains on the list of the top 10 billionaires worldwide.

Carlos Slim’s conglomerates include real estate, retail, hospitality, education, health care, industrial manufacturing, energy, transportation, media, entertainment, high-technology, sports, and financial services.

We’ve put together this collection of the greatest Carlos Slim Quotes:

45 Carlos Slim Helu Quotes

1. “All times are good times for those who know how to work and have the tools to do so.” – Carlos Slim Helu

2. “I’ve always said that the better off you are, the more responsibility you have for helping others. Just as I think it’s important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.” – Carlos Slim Helu

3. “Staying occupied displaces preoccupation and problems, and when we face our problems, they disappear.” – Carlos Slim Helu

4. “The truth is, you leave this world with nothing. What you are is a temporary administrator, and you must administer well… the wealth in your care, and generate more. The surplus can be used to do many things for people.” – Carlos Slim Helu

5. “Competition makes you better, always, always makes you better, even if the competitor wins.” – Carlos Slim Helu

6. “It’s important to give a better country to your children, but it is more important to give better children to your country.” – Carlos Slim Helu

7. “Inertia is in our minds always.” – Carlos Slim Helu

8. “The only way you finish with poverty is with jobs.” – Carlos Slim Helu

9. “The key is the Internet. The United States is by far the most advanced country in this new digital culture, so we have to be there. The Internet is the heart of this new civilization, and telecommunications are the nervous system, or circulatory system.” – Carlos Slim Helu

10. “With three work days a week, we would have more time to relax; for quality of life.” – Carlos Slim Helu

11. “Firm and patient optimism always yields its rewards.” – Carlos Slim Helu

12. “Well, when I was very young, maybe 12 years, I began to make investments.” – Carlos Slim Helu

13. “Money is not a goal. The goal is to make companies grow, develop, be competitive, be in different areas, be efficient to have a great human team inside the company.” – Carlos Slim Helu

14. “Anyone who is not investing now is missing a tremendous opportunity.” – Carlos Slim Helu

15. “When you live for others’ opinions, you are dead. I don’t want to live thinking about how I’ll be remembered.” – Carlos Slim Helu

16. “If you are in business, you are not enjoying. You are working.” – Carlos Slim Helu

17. “In this new wave of technology, you can’t do it all yourself, you have to form alliances.” – Carlos Slim Helu

18. “It’s very important for leaders in business to work to create human capital, a team that has the same sense of purpose and alignment.” – Carlos Slim Helu

19. “When we decide to do something, we do it quickly.” – Carlos Slim Helu

20. “Most people try to make a better world for our children when what they should be doing is making better children for our world.” – Carlos Slim Helu

21. “Work well done is not only a responsibility to yourselves and society; it is also an emotional need.” – Carlos Slim Helu

22. “Choose the right employees and then set them loose.” – Carlos Slim Helu

23. “In business, you invest when things are not in good shape. When you invest at these times, you take a better position than your competitors. When there is a recession and your competition does not invest, they are giving you the advantage.” – Carlos Slim Helu

24. “All businesses make mistakes. The trick is to avoid large ones.” – Carlos Slim Helu

25. “People need to feel very good about their achievements. They get pride from what they are doing.” – Carlos Slim Helu

26. “One of the big errors people are making right now is thinking that old-style businesses will be obsolete, when actually they will be an important part of this new civilization. Some retail groups are introducing e-commerce and think that the bricks are no longer useful. But they will continue to be important.” – Carlos Slim Helu

27. “Focus on essentials and try not to get distracted and bogged down by things that don’t add value to the bottom line.” – Carlos Slim Helu

28. “You cannot have people in your organization who are pessimists. They take you to mediocrity.” – Carlos Slim Helu

29. “Courage taught me no matter how bad a crisis gets… any sound investment will eventually pay off.” – Carlos Slim Helu

30. “When we face our problems, they disappear. So learn from failure and let success be the silent incentive.” – Carlos Slim Helu

31. “I learned from my father that you continue to invest and reinvest in your business – including during crises.” – Carlos Slim Helu

32. “You cannot live without doing something.” – Carlos Slim Helu

33. “When you are convinced what to do and what you need to do, it’s not hard to do that.” – Carlos Slim Helu

34. “Think of an athlete. He may be very good in his own house, but not as good as his neighbors. You have to go beyond your home. You have to go worldwide.” – Carlos Slim Helu

35. “Anything that has privileges have responsibility and all people that is clear about their responsibility has compromise.” – Carlos Slim Helu

36. “With good perspective of history we can have a better understanding of the past and present, and thus a clear vision of the future.” – Carlos Slim Helu

37. “Live the present intensely and fully, do not let the past be a burden, and let the future be an incentive. Each person forges his or her own destiny.” – Carlos Slim Helu

38. “When there is a crisis, that’s when some are interested in getting out and that’s when we are interested in getting in.” – Carlos Slim Helu

To continue reading, please go to the original article here:

https://wealthygorilla.com/carlos-slim-helu-quotes/#ixzz5NH9zLM16

The 35 Most Notorious Napoleon Hill Quotes

The 35 Most Notorious Napoleon Hill Quotes

By Dan Western

Napoleon Hill was an American author, who was one of the first authors to get involved in the personal success genre.

Napoleon spoke on personal success, personal beliefs, and the principles you need in order to achieve success.

His ideas were absolutely brilliant, and I think that when it comes to self development, Napoleon’s book “Think and Grow Rich” is regarded as an excellent read.

This article outlines 35 of the most notorious Napoleon Hill quotes, many of which you’ve heard before and taken in. There’s no denying that the insights behind these quotes are genius.

35 Notorious Napoleon Hill Quotes

1. “The starting point of all achievement is desire.” – Napoleon Hill

2. “Strength and growth come only through continuous effort and struggle.” – Napoleon Hill

3. “A goal is a dream with a deadline.” – Napoleon Hill

4. “Your big opportunity may be right where you are now.” – Napoleon Hill

5. “Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon Hill

6. “If you cannot do great things, do small things in a great way.” – Napoleon Hill

7. “Great achievement is usually born of great sacrifice, and is never the result of selfishness.” – Napoleon Hill

8. “Think twice before you speak, because your words and influence will plant the seed of either success or failure in the mind of another.” – Napoleon Hill

9. “Before success comes in any man’s life, he’s sure to meet with much temporary defeat and, perhaps some failures. When defeat overtakes a man, the easiest and the most logical thing to do is to quit. That’s exactly what the majority of men do.” – Napoleon Hill

10. “Cherish your visions and your dreams as they are the children of your soul, the blueprints of your ultimate achievements.” – Napoleon Hill

11. “Fears are nothing more than a state of mind.” – Napoleon Hill

12. “Opportunity often comes disguised in the form of misfortune, or temporary defeat.” – Napoleon Hill

13. “Victory is always possible for the person who refuses to stop fighting.” – Napoleon Hill

14. “Procrastination is the bad habit of putting of until the day after tomorrow what should have been done the day before yesterday.” – Napoleon Hill

15. “Don’t wait. The time will never be just right.” – Napoleon Hill

16. “The ladder of success is never crowded at the top.” – Napoleon Hill

17. “All achievements, all earned riches, have their beginning in an idea.” – Napoleon Hill

18. “There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.” – Napoleon Hill

19. “Money without brains is always dangerous.” – Napoleon Hill

20. “You can start right where you stand and apply the habit of going the extra mile by rendering more service and better service than you are now being paid for.” – Napoleon Hill

21. “There are no limitations to the mind except those we acknowledge.” – Napoleon Hill

22. “If you do not conquer self, you will be conquered by self.” – Napoleon Hill

23. “Any idea, plan, or purpose may be placed in the mind through repetition of thought.” – Napoleon Hill

24. “Happiness is found in doing, not merely possessing.” – Napoleon Hill

25. “Success in its highest and noblest form calls for peace of mind and enjoyment and happiness which come only to the man who has found the work that he likes best.” – Napoleon Hill

26. “Until you have formed the habit of looking for the good instead of the bad there is in others, you will be neither successful nor happy.” – Napoleon Hill

27. “Whatever the mind of man can conceive and believe, it can achieve.” – Napoleon Hill

28. “The man who does more than he is paid for will soon be paid for more than he does.” – Napoleon Hill

29. “The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail.” – Napoleon Hill

To continue reading, please go to the original article here:

https://wealthygorilla.com/the-35-most-notorious-napoleon-hill-quotes/#ixzz5P09ZzuXy

15 Quotes From Successful Investors That Will Change Your Life

15 Quotes From Successful Investors That Will Change Your Life

From Pocket Sense By Natalie Saar

It takes a wise person to make millions and billions of dollars from investments, so why not partake in some of that wisdom? From Berkshire Hathaway CEO Warren Buffett to historically notable inventor and investor Benjamin Franklin, here are some words to live by some some of the wisest people in the history of investing, and not just when it comes to money.

1. Don't Lose Money

“Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.” – Warren Buffett

This seems pretty straightforward, but it’s incredible to think about how often in our lives we lose money because of one reason or another. Las Vegas has made billions of dollars off of people prepared to lose money without a real hope of making it back. It may not be the golden rule, but it’s certainly one to keep close to the chest.

2. Invest in Knowledge

"An investment in knowledge pays the best interest." – Benjamin Franklin

Whether you're considering investing or switching careers, investing in knowledge will pay dividends in time and money. Consider the five-hour rule – something Oprah, Buffett and Bill Gates all adhere to.

It’s simply spending five hours a week learning something new. If you’re not already doing this, consider adding it to your schedule for the week. There are endless resources online to get yourself on the right track, whether it’s simple YouTube videos, borrowing a book from your local library or subscribing to an educational site like Skillshare or The Great Courses.

3. Don't Play it Too Safe

"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." – Robert G. Allen

While this largely applies to investing, it also applies to other areas of life. Playing anything too safe won't give you optimal results. Especially when it comes to your money, there are some tried-and-true methods to responsibly invest. Do you research when risk is involved, and you'll come to a logical balance of risk and reward.

4. Know Your Investments

"Know what you own, and know why you own it." – Peter Lynch

Unfortunately, people tend to make decisions without fully understanding why they’re making them. For example, if you have a 401(k), do you know how it works and how it will work for your future retirement?

This goes for all types of investments and purchases, from home ownership (do you know why you bought in a certain neighborhood? Why you paid the price you did? If the home is in a growing area?) to cars (What’s the resale value outlook? Are repairs expensive?).

Investments, homes, cars and other investments will always be around. Do your homework so that you make sound decisions, even when you have a financial professional or an agent guiding you along the way.

5. Financial Success Happens Slowly

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." – Paul Samuelson

There are many things more rewarding than checking in on your 401(k) or other investment account and seeing how much it’s accumulated over time, but the key there is “over time.” Financial success from investing happens slowly, not overnight. Be patient and you’ll see results.

6. Find Your Niche

"Wide diversification is only required when investors do not understand what they are doing." – Warren Buffett

While this is true of investing, it’s also applicable to life. No one can be good at everything. The key to success is finding your niche in life and running with it. It’s okay to know how to do things like change a tire, but that doesn’t mean you need to be a mechanic. What skills work for you in your life? Focus on honing those.

7. Protect Your Reputation

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." – Warren Buffett

Another nugget of advice from Buffett that can be applied to both investing and life in general. If you manage other people’s money, it just takes one expensive mistake to lose trust forever. It’s the same in life. Sometimes it doesn’t matter how much goodwill you’ve built up; it can be lost in a matter of minutes. A familiar example is Hollywood stars who seemed squeaky clean until their mugshot is slapped across the front page of every tabloid.

8. Improve Yourself

“Spend each day trying to be a little wiser than you were when you woke up." – Charlie Munger

Here are some wise words from Buffett’s counterpart Charlie Munger. If you want to put this into practice in your own life, at the end of each day, ask yourself what you learned that day.

It doesn’t have to be a fact from a book; it can be an observation about your work, people close to you or something about your own life. Try to take that lesson and internalize it in a constructive way.

9. The 20 Percent Rule

"If you have trouble imagining a 20 percent loss in the stock market, you shouldn't be in stocks." – John Bogle

This speaks to the concept of not overextending yourself in general, not only when it comes to the stock market. Take a look at your income and budget, if your paycheck was cut by 20 percent would you still be able to pay the bills and keep the same quality of life? If not, then you might want to find a way to cut back on 20 percent of your expenses.

10. Don't Fall into the Same Habit

“The four most dangerous words in investing: ‘this time it’s different.’” – Sir John Templeton

Ask anyone who has jumped from one bad relationship into another, these words don’t only apply to investing. Unfortunately, we can become creatures of habit, which means we may habitually choose the same kinds of jobs, friends or romantic partners despite the fact that they didn’t work out before.

It’s easy to get excited about something new and think that this time it will be different, but chances are that it won’t be. If it’s just a financial investment you took a gamble on again, then you can make that money back, but if it was an investment of time, then that’s the costly mistake.

To continue reading, please go to the original article here:

https://pocketsense.com/15-quotes-from-successful-investors-that-will-change-your-life-13708277.html

Would You Trust an Online-Only Bank?

Would You Trust an Online-Only Bank?

Here’s What You Should Know

By Jamie Cattanach  Contributor   DECEMBER 4, 2019

Choosing a bank account is a big deal. After all, you’re handing the institution what’s most likely the majority of your money for safekeeping. You want to make sure it’s actually safe.

You also need to be able to access that cash for all your day-to-day operations, like paying bills or coughing up for your share of the pizza.

Along with choosing from multiple financial institutions, banking in 2019 and beyond means making another important decision: Will you use of one of the many all-digital, online-only banking options, or will you keep it old school by opening an account at brick-and-mortar facility?

Are Online Banks Safe?

In a recent survey conducted by The Penny Hoarder, more than 50% of respondents said they wouldn’t consider using an online bank, and more than 19% were unsure about using one. Given how much of our lives are conducted online these days, we found that data point surprising.

But on the other hand, we do understand having reservations when it comes to money matters. Walking into a stately, brick-built bank can make it feel less scary to hand over your hard-earned cash.

So are online banks safe? The truth is there are a growing number of online-only banking alternatives that are, indeed, legitimate and safe. Online banks like Chime and Simple are FDIC-insured for deposits up to $250,000, just like Bank of America and Chase.

And thanks to the magic of technology, you can do pretty much everything you might need to with your money without ever needing to visit a teller in person: depositing checks on your mobile phone, pulling cash from a network ATM or transferring funds to a family member or friend. You can even write paper checks… if you really, really have to.

It’s true, however, that you won’t be able to walk into a bank and talk to a teller in person. What are the other important differences between these two methods of banking?

Brick-and-Mortar Banking: Pros and Cons

Since nearly 72% of our survey respondents said they’d visited a brick-and-mortar bank in the past year, we want to give this option its due. Here are the drawbacks and benefits of patronizing and old-school bank — the kind you can walk into to open your account.

Traditional Banking Pros

Larger banks may offer “one stop shopping” for your financial needs: They often make it easy to take out a mortgage, open a credit card, or apply for a personal loan with the same institution you bank through. (However, these products may come at higher fees than you’d find by shopping around for independent lenders.)

Some users simply find it easier to walk into a bank and ask for the service they need. This may be a better option for you if you don’t like figuring out how to get what you need through an online banking portal or app.

Depending on the bank you choose, you may be supporting a local (or local-ish) business, or at least a nationwide business that provides jobs in your area. Credit unions in particular are often community-focused institutions that participate in local events and provide friendly, face-to-face customer service to account holders.

Traditional Banking Cons

Again, depending on the bank you choose, you may only be able to access your bank locally. That can present problems for those who travel or eventually plan to move out of state.

To continue reading, please go to the original article here:

https://www.thepennyhoarder.com/bank-accounts/are-online-banks-safe/?aff_sub2=homepage

What a Financial Trainwreck Can Teach Us

What a Financial Trainwreck Can Teach Us: Six Mistakes to Learn From

By Donna Freedman

A married couple recently confessed to some horrifying money blunders in an interview on the WealthSimple website. In their mid-40s and the parents of three kids, the pseudonymous Kate and Tom bring in $160,000 a year through their day jobs in insurance, with additional funds whenever Tom moonlights as a bartender for private parties.

Yet they have always spent more than they earned, and cannot seem to learn from previous mistakes. A few examples:

After wiping out their credit card balances a decade ago, they charged them back up even higher.

They have postponed paying back Kate’s law-school loans, which are now up to either $120,000 or $140,000 (she isn’t sure – and incidentally, she has never practiced law).

They spend “insane amounts” of money on groceries at places like Whole Foods (where one of their kids likes to snack on $15 sushi).

They bought their son a tux at prom time, because they couldn’t afford the rental fee but hadn’t yet maxed out the Nordstrom card.

Clearly this couple is a financial trainwreck. But they have something to teach us, if we’re willing to listen.

It’s easy to scorn the protagonists as entitled or clueless. You’d never be that foolish. You’d never go into debt, get yourself out, and then go back in. You’d never borrow from family members, or cash in a 401(k), or use a credit card to put your kids in private school.

Maybe you wouldn’t. Or maybe scorning other people’s mistakes keeps you from having to look too hard at your own behaviors.

If you’ve absolutely got a lock on your dollars, good for you. But keep in mind that all across the country, otherwise intelligent and rational people are spending more than they earn.

Losing Sight of What Matters

Some debtors have little choice. For example, someone going through a serious health issue or a protracted divorce can’t just check out of the ICU early or stop paying for legal representation.

Others, like Kate and Tom, have simply lost sight of the big picture in favor of short-term gratification: sushi, private school, a big house in a nice neighborhood.

This skewed perspective happened in such a gradual, boiling-the-frog way that they didn’t notice they couldn’t really afford the lifestyle enjoyed by their wealthy neighbors and the parents of their children’s classmates.

They’ve postponed the day of reckoning thanks to the availability of credit, including taking out loans online vs. having to face a loan official at a local bank. “We ask them for it, and they give us money. It’s ridiculous,” Kate said.

All of these are terrible decisions. Terrible, human decisions. As a species, we’re superb at ignoring the things we don’t want to face.

What Kate and Tom Can Teach Us

Kate and Tom didn’t set out to ruin themselves financially. Their wedding vows didn’t include a promise to “spend ourselves to the brink of bankruptcy, racking up so much debt we can’t sleep at night or even think straight.” Yet that’s what happened.

They messed up big-time and they’re finally admitting it. Coming clean publicly (if anonymously) is a huge service to others, because financial trainwreck stories are a reminder to examine our own lives.

Debt can be like quicksand in that you don’t know you’re sinking until it’s really hard – or maybe impossible – to escape. Rather than make fun of the couple for their massive foul-ups, consider them an object lesson. Learn from their mistakes.

Specifically, be honest with yourself: Could you wind up making the same kinds of mistakes? Or are you making them already?

Mistake #1: Believing Debt Just Sort of Happens

Here’s how Tom described their situation: “I think education loans probably started us on this path. But credit cards got us in trouble.”

Notice the detachment: An external force got us going and then another external force did this to us. He doesn’t say, “We overspent on education – especially on the law degree that Kate doesn’t even use – and then we bought too many things on credit.”

To continue reading, please go to the original article here:

https://www.thesimpledollar.com/what-a-financial-train-wreck-can-teach-us/

How Much Money Do You Need to Be Wealthy in America?

 How Much Money Do You Need to Be Wealthy in America?

By Suzanne Woolley   May 15, 2018

 A few million should do it. But for some, it’s not just about the cash—it’s what you do with it.

 Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is a major source of stress.

 Americans don’t like to admit that assets can buy happiness—just 11 percent of those surveyed for the second annual Modern Wealth Index from Charles Schwab chose “having lots of money” as their definition of wealth.

​But while most respondents selected more high-minded concepts as their keys to contentment, they weren’t afraid to put a number on what they needed to get there.

 To be financially comfortable in America today requires an average of $1.4 million, up from $1.2 million a year ago, according to the survey. The net worth needed to be “wealthy”? That’s an average $2.4 million, the same as last year in the online survey of 1,000 Americans between age 21 and 75.

​There were some heartening signs amid the numbers. While 18 percent defined wealth as being able to afford anything they desired, 17 percent said it was “loving relationships with family and friends.”

That jibes with how Joe Duran, chief executive officer of money manager United Capital, said he likes to think of “wealth.” After building and selling his first company, “I realized that money is nothing more than fuel,” he said.

 “It is a resource that lets you have choices, but if you don’t think about what you are working for, you will die rich but not live rich.”

 The survey asked people to choose which of the below statements came closest to their personal definition of wealth. When asked about what made respondents feel “wealthy” in their daily lives, the survey found that spending time with family was most commonly cited, at 62 percent overall.

 That was followed by what can be the most elusive of things, cited at about the same level across generations: “taking time for myself,” which came in at 55 percent. Hard to do either of those without some bank, though.

Life’s little luxuries matter, too—but they are called “luxuries” for a reason. Having meals out or food delivered made 41 percent of people feel “wealthy” in their daily lives.

Even services such as Netflix, Spotify or Amazon Prime made life feel richer for an overall 33 percent—particularly for millennials, at 44 percent, compared with 29 percent and 23 percent for Generation X and baby boomers, respectively.

 Write-in comments for what made people feel “wealthy” included “access to healthcare,” “being able to help close friends and family financially” and “just waking up in the morning.” Only one of those doesn’t require money—sort of.​

Millennials displayed some youthful optimism when it came to their financial future. Some 64 percent of twenty- and thirty-somethings believe they’ll be wealthy (the cash kind) at some point in their lives, compared with 22 percent of boomers.

To continue reading, please go to the original article here:

https://www.bloomberg.com/news/articles/2018-05-15/how-much-money-do-you-need-to-be-wealthy-in-america

​Owning Your Home Doesn’t Make You Rich

From Dinar Recaps Archives posted on 8/5/2019

Owning Your Home Doesn’t Make You Rich Owning Somebody Else’s Does
By Andrew Van Dam The Washington Post

In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join.

Business owners and landlords tend to be about four times as wealthy as the average American. That’s more than in almost any other country included in a new study.

On the other end of the spectrum, renters in the United States tend to have about an eighth as much wealth as the average American.

In the recent working paper, Austrian central bank economists Pirmin Fessler and Martin Schürz used a long-running U.S. wealth survey and its newer European counterpart to compare wealth across continents.

It’s one of the first such comparisons to look at wealth in terms of what people use it for, rather than at arbitrary percentile cutoff points. The widest inequalities, they find, are between groups inside countries, not across country borders.

In their analysis, they split households into three groups. Homeowners, whose primary wealth is also their primary residence, form the bulk of the middle and upper-middle class. Business owners and landlords (about 15% of U.S. households), tend to be among the wealthiest.

Their wealth is typically used to generate additional income. Those who pay to rent their residences (about 35% of households), and whose wealth is typically used to cover needs such as emergency expenses or retirement, fill out the bottom of the spectrum. They’re joined by homeowners and business owners whose debt exceeds their equity.

The bottom 40% are most likely to be renters. The top 5% are most likely to own businesses or rental properties. The authors found this polarization has increased since 1962.

In every country Fessler and Schürz studied, homeowners’ wealth hovers near the national average. The biggest gaps are between those who own businesses and rental properties and their customers and tenants.

Van Dam writes for the Washington Post.

To continue reading, please go to the original article at

https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html

The Dinar Rate Planning

The Dinar Rate Planning

By Muhammad Ali

 I was online chatting with my good friend and CEP customer Jerry, actually, he and I were chatting about golf, and the topic of Dinar rates came up and I was telling him about different plans and strategies to capitalize on the higher rates, then he asked me to tell him more.

The following advice I shared with my group here in Malaysia years ago.

 Many believe the Dinar will come out at $1 USD to 1 Dinar, I don't and I wrote an article about that and gave proof as to why it won't.  I am convinced the Dinar will come out somewhere around $3.89 - $4.19 USD per Dinar, and that's the starting point.

I believe once the Dinar hits the open markets, it'll then get into the hands of the Smart Money and they are going to make a field day of it.  From the initial $4 rate, I can see the Dinar go as high as $32.  Now wouldn't that be awesome.

 I remember, many years ago, I think it was 2010, in 1 week in December, the Euro against the US Dollar rose  in price about 2,000 pips.  That was a crazy move and not often do you see huge movements like that in a short time frame, but it happens.  Key point here to think about, it can be done.

The movement on the Dinar that I am talking about is even greater than what I experience with the Euro.  I read posts on Dinar Recaps that when the Kuwaiti Dinar RI'd, it went from 0.10 to $3.50 and then up to $19.  So why can't the same thing happen to Iraq?  And I believe it will.

So to prepare for it, let me give you a couple of suggestions and strategies that can help us get some extra money from the movement.

 When the Dinar goes international at its initial rate of $4 exchange what you need, to start your Team, to settle any immediate debts/issues and then wait and monitor the rate.  You can check the rates online or download various apps to your phone, such as Xe or any other.

How soon it will rise, is the next million dollar question, next to the WHEN IS RV?

I can't say, but I do believe it will be about 2 weeks after the get go to within the first month, and then the next question once it starts to move, how fast will it take to go up and peak?  That's another impossible question to answer.  You just have to be patient and wait for it.

 So I have advised my group on a couple of strategies that we can benefit from the movement and I will share them you all now.

The first method would be to exchange as the Dinar climbs.  In my currency exchange planner software, I designed it with 4 exchange options in mind.   Trying to capitalize on higher rates is the very reason why I added this into my planner.

So it means you've got 4 target rates in mind, you can have more if you like, but for now we'll work with 4.

 Let's say you have a total of 10 x 25k IQD notes.  If you were to exchange all ten notes @ $4, your exchange amount would be $1,000,000.

Let's see what happens if we were to go for the higher rates, so in your first exchange, you want to exchange 1-2 notes, we'll just say 2 notes for now, that would give us $200,000.

The second exchange we want to change 2 more notes @$8, then 2 more @$10 and 4 @$15.

 So let's list this down before it gets confusing:

First Exchange 2 notes x $4 = $200,000

Second Exchange 2 notes x $8 = $400,000

Third Exchange 2 notes x $10 = $500,000

Forth Exchange 4 notes x $15 = $1,500,000

So if that's your plan, stick to it.  Now, let's see how you fared, a total of $2,600,000.  That's a big difference from the initial $1,000,000 if you had exchanged all of your notes at the get go.

So trying to make money as the rates climb higher is one strategy, I will now share another.

On your first exchange, do the same, change 1 or 2 notes as you require, and for the remaining 8 notes you wait.

Let the smart money go crazy with the Dinar and put it as high as they want to.  So you see it go to $10...  Then $20...WOW!... now you're heart is racing... should I go to the bank or not?  This is where the greed factor kicks in.

 Just relax and wait.  Now it goes to $30... OMG!!!   Now, this is where  you pay very close attention to your phone app and check the rates frequently, may be even camp out outside of the bank. No, No, don't do that!

But what you want to start to look forward occurs when the rate starts to drop, as we know the rate will peak and then come back down to $4.  So from the $30 rate that you saw, maybe it'll even push higher, I don't know?  But when the rate starts to go down, $29, $27, $26, $25 etc... Then just go ahead and exchange ALL of your remaining notes.

So how would that work out?  8 notes x $25 = $5,000,000, wow, wouldn't that be awesome if we nailed that rate!

So either your plan is to make money going up or make money when it comes down, the choice is yours.  Everyone will have different targets based upon the amount of currency they hold.

But always rest assured that the rate will eventually stabilize at the $4 area, it'll never go back to 0.0008.  So don't panic and don't camp outside of the banks as you're just looking for trouble.

And one other piece of advice don't get greedy, if your plan is to exchange all of your notes at $10 and that target hits, just follow thru on your plan and go to the bank.  Then delete the Xe app and never check the rate again.  Be happy, travel, help others and keep moving forward.

 Just have a plan and execute your plan accordingly, my Currency Exchange Planner is the best tool available for all Dinarians to help effectively plan their exchange.

 Thank you and I wish you all the success in your currency exchange.

 Muhammad Ali

www.CurrencyExchangePlanner.com