Financial Safety Advice

Unfortunately, in the general mentality of people did not look for ways to invest and ways to save and as soon obtained an increase in income they generate also a cost increase, if today they had a salary increase and won twice, for sure they would spend twice on vacation, double shopping, buy clothes that cost twice what they bought before etc.

Is “Parkinson’s Law” expenditures tend to equal or exceed income (unless you acquire the habit of saving a percentage of what you earn).

People underestimate the savings unfortunately did not realize that the money saved can be another source of income and can eventually get to replace the earnings of a well-paid profession because it can give you an annuity.

Some time ago I read that a person as is the situation “has no job security” but yet your money “will always have job security” in fact all banks and financial institutions are constantly looking for different people to save them.

Do you underestimate the savings?

At a 10% compound interest every euro you save will double in seven years, all the money you can save in a year could triple in 14 years.

Compound interest gives great leverage to providing proactive people paying high costs for long and medium term.

The following is a compilation of several quotes and phrases that have collected on topics such as savings, money, debts and wealth and other financial matters.

- “A part of everything you earn is yours and it has to be, and if not able to save money is that it can sow the seeds of greatness.” Dale Carnegie

- “Money is not the most important thing in life but it affects everything is.” Robert Kiyosaki

- “Money grows on the tree of patience.” Japanese Proverb

- “At the time when your expenses exceed your income, your desire to hold you cause your downfall. Therefore never spend what you do not. ” Gregory Calhoun

- “The secret to financial success is to spend what’s left after you have saved and not save what is left after spending.” Unknown

- “Money saved is as good as money earned.” Danish Proverb

- “This is my definition of crazy: crazy to work for pennies in one or different things you hate for fifty years and die poor. This is my definition of intelligent work hard for a shorter period of time. Retire with multiple sources of income. ” Robert G. Allen Read the rest of this entry →