Learning Life Lessons from Funny Financial Quotes
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LISTEN TO SAFE 1 TALK WITH THE MONEYWISE GUYS ON THIS TOPIC! (PART II)
As we all know, talking about money can sometimes get intense and exhausting! To help break the tension, funny financial quotes are often used to provide some comic relief to an otherwise stressful topic.
Such quotes, however, can also teach real life financial lessons. Listed below are some well-known, as well as lesser known, financial quotes which truly give a message beyond their comic appeal.
“I like my money where I can see it – hanging in my closet.” – Carrie Bradshaw, Sex and the City
- There’s nothing wrong with spending your money the way you want.
- Don’t let such spending, however, get in the way of being able to afford the essentials in life – food, shelter, clothing, etc.
- Instead, learn to save up for such luxurious, non-essential purchases. After all, there are ways to be fashionable on a budget.
“Too many people spend money to buy things they don’t want, to impress people they don’t like.” – Will Rogers
- Simply stated, Keeping up with the Joneses is not it’s all cracked up to be.
- Next time you’re about to make a big purchase take some time to examine your motives. Are you purchasing this item or service because you really need it? Because it will make your life inherently better? Or because you’re worried about what your neighbors or family will think of you?
- If the answer is that you just want to look more successful, walk away. Spend some time with the people you love for a “happiness recharge,” and wash those Joneses right out of your mind.
“I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline-powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” – Steve Martin
- As we all know, while money is helpful for many things it can also be used to make silly purchases for things we don’t need or may not even want.
- This is especially true when people make “impulse” buys.
- To avoid this, be sure to give serious thought to the purchases you make, especially those involving large dollar amounts.
“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” – Zig Ziglar
- While this might not be completely accurate, it does remind us to properly use our time and resources for productive purposes.
- Remember, what you do is who you are!
“Money is like manure. You have to spread it around or it smells.” – JP Getty
- In addition to using our money for the necessities in life as well as entertainment, it is also important we be generous by giving to charitable causes and our fellow humans.
- This quote also reminds us that diversification in life, as well as our investment portfolio, is critical to happiness and success.
“The safest way to double your money is to fold it over and put it in your pocket.” – Kin Hubbard
- While this quote is humorous, as we know, it is not accurate at all!
- In fact, one of the safest ways to grow your money is to invest it, not stash in your pocket.
- And, when you decide it is time to invest your money be sure to do so with the assistance of a financial planner who can assist you during the process.
- This quote also reminds us how important it is to Know Your Money Psychology!
- People who are “ultra conservative” and afraid of losing money, also miss opportunities for growth.
“October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.” -Mark Twain
- Again, one of the safest ways to grow your money is to invest it in a diversified portfolio, which may or may not include stocks.
- In doing this, however, it is important you do so with the assistance of a financial planner who can guide you based upon your desires as well as risk tolerance.
“Money is like an arm or a leg. Use it or lose it.” – Henry Ford
- If you spend money you can get satisfaction. And, if you invest money you can get return. But letting your money sit idle gets you nothing.
- “Ultra conservatives” who are afraid of losing money, and thus horde it, also miss opportunities for growth.
“Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his son to college.” – Bill Vaughn
- There’s a lot of irony to this quote.
- Yes, it is true that individuals who attend college do, indeed, make many thousands of dollars more over their lifetime than individuals who do not.
- It’s also true people who have at least one college-educated parent are far more likely to complete college compared to individuals who have less-educated parents.
- However, there are ways to plan for your children’s college and formal education without spending your entire salary on it.
- From 529 plans to custodial accounts, there are numerous options available to help you prepare for your children’s college education.
“I’m so poor I can’t even pay attention.” – Ron Kittle
- This is a quote many of have said about ourselves or someone else, and is obviously a play on the word “pay.”
- Nonetheless, even the poorest of people have the ability to save money on a low income and break the cycle of poverty.
- Remember, every dollar counts and if you find ways to better your budget, be frugal, and create a financial plan with a trusted advisor, you will be able to save money faster than you think.
“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” – Johann Wolfgang von Goethe
- Time and money are both precious commodities, and it is easy to waste both.
- As such, be sure to use both of these forms of wealth wisely so they will last you throughout your life’s journeys.
“A rich man is one who isn’t afraid to ask the salesperson to show him something cheaper.” – Jack Benny
- Remember, the price of an item shouldn’t determine its quality or value to you, and just because something is expensive doesn’t mean it is the best option.
- Even when looking at financial products and services, there are features and benefits which go beyond actual price such as convenience, trust, and reputation.
- Next time you’re making a purchase, be sure to keep these items in mind as there’s much more to a financial decision than just price.
- Bigger – or more expensive – isn’t always better!
“A simple fact that is hard to learn is that the time to save money is when you have some.” – Joe Moore
- Saving money takes conscious effort – it doesn’t just happen!
- When doing so, however, here are a few things to keep in mind:
- Don’t Try to Save Everything at Once. Instead, start small with a specific goal that is measurable and achievable. For some individuals this may be $100, while for others it could be $500. Whatever the amount, be sure it is something you can achieve within 60 days.
- Once this first goal – whatever it may be – is achieved, quickly add to it! So, $100 may become a new goal of $250 or $500 may become $750, and so on.
- Pay Yourself First! Be sure to set aside savings at the time you have it, such as when you receive your paycheck. Don’t wait to do this at the end of the paycheck period, as this never works.
“It’s easy to meet expenses, everywhere we go, there they are.” – Anonymous
- There’s little doubt that everything has a price, and in today’s world that price seems to be going higher.
- Remember though, the best things in life – walking, jogging, hiking, biking, exercising, playing in the yard, conversation, worship, smiling, hanging out with loved ones, etc. – are free! So, instead of spending money, focus on the things in life that are free and truly make you happy!
“A nickel ain’t worth a dime anymore.” – Yogi Berra
- At no time in recent history has this quote been more appropriate.
- With inflation continuing to rise, budgeting in the short- and long-term has never been more important.
“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale
- Money, or lack thereof, is not the answer to preparing for your future and setting a course in life.
- A lack of planning, passion, and ideas, however, can definitely limit what you achieve.
- Remember, the best things in life – walking, jogging, hiking, biking, exercising, playing in the yard, conversation, worship, smiling, hanging out with loved ones, and planning for your future. – are free!
- Combine this with proper budgeting and there are no limits to what you can do!
“A bank is a place that will lend you money if you can prove that you don’t need it.” – Bob Hope
- There’s some truth to this comment in that specific eligibility requirements are needed when you apply for a loan to show you have the ability to pay it back.
- Keep in mind though, if you had the lump sum needed to pay for whatever it is you are trying to purchase, then a loan wouldn’t be needed.
- As such, the importance of having good credit cannot be underestimated.
“I finally know what distinguishes man from other beasts: financial worries.” – Jules Renard
- It’s true, unlike animals, humans have to contend with both the good and bad aspects of their finances.
- Thus, proper budgeting as well as financial planning with a trusted advisor is paramount to keeping your financial stress low and goals within reach.
- Do both these things and you will immediately feel your financial stress level come down.
“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.” – Groucho Marx
- Money definitely provides the ability to rid you of the things you may not like – yard work, house work, pool work, laundry, etc. – and, instead, pay someone else to do them.
- In turn, you then get to spend time doing the things in life you enjoy.
- This is called the money versus time continuum!
- And remember, the best things in life – walking, jogging, hiking, biking, exercising, playing in the yard, conversation, worship, smiling, hanging out with loved ones, and planning for your future. – are not just free, but priceless!
“All I ask is the chance to prove that money can’t make me happy.” – Spike Milligan
- This is something all us think we would like to have the chance to do.
- The fact of the matter, however, is that we all have this opportunity.
- Through proper budgeting and financial planning with a trusted advisor, all of us have the opportunity to make and earn more money than we do today.
- Then, we can find out for ourselves if money truly can make us happier.
- The first step is to eliminate such self-limiting beliefs!
Money can’t buy happiness, but it will certainly get you a better class of memories.” – Ronald Reagan
- Money can’t buy you everything, but having it certainly does provide more options in life.
- As such, proper short-term budgeting and long-term financial planning with a trusted advisor is critical to helping you maximize your wealth.
“Money can’t buy happiness, but it can buy you a yacht where you can pull up right next to it and walk across.” – David Lee Roth
- While it is true material items will not necessarily fulfill you physically, mentally, or spiritually, there is nothing wrong with aspiring to get the things you want.
- Again, doing so requires both proper budgeting and financial planning with a trusted advisor.
“People say that money is not the key to happiness, but I always figured if you have enough money, you can have a key made.” – Joan Rivers
- While the mere possession of money on its own really doesn’t do anything for our overall happiness, it can definitely get us some of the things we want!
- Again, there is nothing wrong with money being used to provide the things in life you desire.
- The key to doing this, however, is to do so ethically, morally, and in a manner that does not do damage to yourself and others.
“The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray
- One of the best gifts you can give your kids is teaching them financial literacy.
- By teaching kids about things like savings, interest, and even taxes, their confidence around money will excel setting them up for success throughout their lives.
- In fact, eating 30% of their ice cream might be one of the quickest ways to teach them about how taxes actually work.
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas Edison
- Simply stated, there is no substitute for good, ol’ fashion hard work, grit, and determination.
- Although these aspects of life do not receive as much glory as others, they are what create the financial rewards we desire for ourselves and loved ones.
- This quote also reminds us how important it is to Know Your Money Psychology!
- People who are “risk-takers” are always on the lookout for a “get-rich-quick” scheme, like the lottery or highly speculative investments.
- These individuals lack patience and look for shortcuts at the expense of prolonged security.
“There is a very easy way to return from a casino with a small fortune: go there with a large one.” – Jack Yelton
- While we have all dreamt about winning big in Las Vegas, there’s a reason why casinos are financially successful – it’s because the odds are in their favor.
- So, if you ever go to a casino and “break even,” consider yourself a winner.
- Instead of gambling with your money, you are much better off putting those funds towards saving, investing, and paying off debt.
- Remember, there’s no such thing as “play money!”
“There is a gigantic difference between earning a great deal of money and being rich.” – Marlene Dietrich
- Remember, just because someone makes a high income does not mean he or she is rich.
- By the same token, some rich people have never made a large amount of money on an annual basis.
- It’s not about how much money you make, but what you do with it.
- Proper saving, investing, financial discipline, and life focus are what make the difference between people who look rich and those who really are.
Again, many of these quotes are designed to provide some comic relief to an otherwise stressful topic. However, embedded in these words are also some life lessons designed to inspire us, so we can make the most of what we have and do more to help us realize our financial dreams and goals.
Remember, there’s a little truth in every joke! So, be sure you take the necessary steps to become your true self rather than a punchline!