Financial Planning Quotes

We buy things we don't need with money we don't have to impress people we don't like.

You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what your plan to do with your life. You don't have to justify your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts.

For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don't back down.

Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.

I want to see a world in which entrepreneurs give time to their visions to reality so that they have more money, more family time, and more support, a world in which they can stop working so hard and start living!

It is human nature to want it and want it now; it is also a sign of immaturity. Being willing to delay pleasure for a greater result is a sign of maturity.

Abundance isn't God's provision for me to live in luxury. It's his provision for me to help others live. God entrusts me with his money not to build my kingdom on earth, but to build his kingdom in heaven.

To achieve what 1% of the worlds population has (Financial Freedom), you must be willing to do what only 1% dare to do..hard work and perseverance of highest order.

You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.

The enemy of “the best” is not “the worst.” The enemy of “the best” is “just fine.

typical millionaire lives in a middle-class home, drives a two-year-old or older paid-for car, and buys blue jeans at Wal-Mart.

You don’t have to get a job that makes others feel comfortable about what they perceive as your success. You don’t have to explain what you plan to do with your life. You don’t have to justify your education by demonstrating its financial rewards. You don’t have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history or economics or science or the arts. You have to pay your electric bill. You have to be kind. You have to give it all you got. You have to find people who love you truly and love them back with the same truth. But that’s all.

Aristotle once said, “To avoid criticism say nothing, do nothing, and be nothing.

A budget is people telling their money where to go instead of wondering where it went.

Some people majored in English to prepare for law school. Others became journalists. The smartest guy in the honors program, Adam Vogel, a child of academics, was planning on getting a Ph.D. and becoming an academic himself. That left a large contingent of people majoring in English by default. Because they weren't left-brained enough for science, because history was too try, philosophy too difficult, geology too petroleum-oriented, and math too mathematical - because they weren't musical, artistic, financially motivated, or really all that smart, these people were pursuing university degrees doing something no different from what they'd done in first grade: reading stories. English was what people who didn't know what to major in majored in.

Hard work without a solid plan isn’t likely to get you where you want to be. You need to be teachable; you need to be dedicated, and you need to work smart.

A leader can bring the solution to people, but sometimes a leader has to bring the people to the solution.

Remember, buying something is not the problem. The problem comes when we believe, for that moment, that the object we’re buying is going to make us happy.

Entrepreneurs aren’t looking to go backward. They are looking to go forward, toward their prize of realizing their dreams.

Winning at money is 80 percent behavior and 20 percent head knowledge. What to do isn’t the problem; doing it is. Most of us know what to do, but we just don’t do it. If I can control the guy in the mirror, I can be skinny and rich.

YOU don’t have to get a job that makes others feel comfortable about what they perceive as your success. You don’t have to explain what you plan to do with your life. You don’t have to justify your education by demonstrating its financial rewards. You don’t have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history or economics or science or the arts. You have to pay your own electric bill. You have to be kind. You have to give it all you’ve got. You have to find people who love you truly and love them back with the same truth. But that’s all.

I tell everyone never to take more than a fifteen-year fixed-rate loan, and never have a payment of over 25 percent of your take-home pay. That is the most you should ever borrow.

Someone who never has fun with money misses the point. Someone who never invests money will never have any. Someone who never gives is a monkey with his hand in a bottle.

Too often we assume that God has increased our income to increase our standard of living, when his stated purpose is to increase our standard of giving. (Look again at 2 Corinthians 8:14 and 9:11).

God comes right out and tells us why he gives us more money than we need. It's not so we can find more ways to spend it. It's not so we can indulge ourselves and spoil our children. It's not so we can insulate ourselves from needing God's provision. It's so we can give and give generously (2 Corinthians 8:14; 9:11)

Savings without a mission is garbage. Your money needs to work for you, not lie around you.

You have to reach the point that what people think is not your primary motivator. Reaching the goal is the motivator.

An unrenewed mind is a mind that lacks the knowledge of God’s Word. A lack of knowledge about the Word keeps us from maturing spiritually.

Janey was planning a short engagement, she'd simpered, and so, of course, the inevitable collection for the wedding present would soon follow. Of all the compulsory financial contributions, that is the one that irks me most. Two people wander around John Lewis picking out lovely items for themselves, and then they make other people pay for them. It's bare-faced effrontery. They choose things like plates, bowls and cutlery—I mean, what are they doing at the moment: shoveling food from packets into their mouths with their bare hands? I simply fail to see how the act of legally formalizing a human relationship necessitates friends, family and coworkers upgrading the contents of their kitchen for them.

Are we truly obeying the command to love our neighbor as ourselves if we're storing up money for potential future needs when our neighbor is laboring today under actual present needs?

Years ago, in a motivational seminar by the master, Zig Ziglar, I heard a story about how mediocrity will sneak up on you. The story goes that if you drop a frog into boiling water, he will sense the pain and immediately jump out. However, if you put a frog in room-temperature water, he will swim around happily, and as you gradually turn the water up to boiling, the frog will not sense the change. The frog is lured to his death by gradual change. We can lose our health, our fitness, and our wealth gradually, one day at a time. It might be a cliché, but that’s because it is true: The enemy of “the best” is not “the worst.” The enemy of “the best” is “just fine.

How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.

Most people won’t change until the pain of where they are exceeds the pain of change.

You do pay a price for your Financial Freedom, but it is far lesser than what you pay for a Lifetime Slavery.

What you're looking for is already inside you. You've heard this before, but the holy thing inside you really is that which causes you to seek it. You can't buy it, lease it, rent it, date it, or apply for it. The best job in the world can't give it to you. Neither can succes, or fame, or financial security - besides which, there ain't no such thing.

Tolstoy said, 'The antagonism between life and conscience may be removed either by a change of life or by a change of conscience.' Many of us have elected to adjust our consciences rather than our lives. Our powers of rationalization are unlimited. They allow us to live in luxury and indifference while others, whom we could help if we chose to, starve and go to hell.

What you do with your resources in this life is your autobiography.

Far too many people are signing up to become slaves to their credit card companies.

A good man leaves an inheritance to his children’s children” (Prov. 13:22 NKJV). I

If you keep doing the same things, you will keep getting the same results. You are where you are now financially as a sum total of the decisions you've made to this point.

Albert Einstein said, “Great spirits have often encountered violent opposition from weak minds.

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card. We

When I save, I lay something aside for future need. If I sense God's leading, I will give it away to meet greater needs. When I hoard, I'm unwilling to part with what I've saved to meet others' needs, because my possible future needs outweigh their actual present needs. I fail to love my neighbor as myself.

Someday this upside-down world will be turned right side up. Nothing in all eternity will turn it back again. If we are wise, we will use our brief lives on earth positioning ourselves for the turn.

Normally, when you challenge the conventional wisdom—that the current economic and political system is the only possible one—the first reaction you are likely to get is a demand for a detailed architectural blueprint of how an alternative system would work, down to the nature of its financial instruments, energy supplies, and policies of sewer maintenance. Next, you are likely to be asked for a detailed program of how this system will be brought into existence. Historically, this is ridiculous. When has social change ever happened according to someone’s blueprint? It’s not as if a small circle of visionaries in Renaissance Florence conceived of something they called “capitalism,” figured out the details of how the stock exchange and factories would someday work, and then put in place a program to bring their visions into reality. In fact, the idea is so absurd we might well ask ourselves how it ever occurred to us to imagine this is how change happens to begin.

You can always alter and adapt your plan, provided you have one.

We are scaling down” is a painful statement to make to friends or family.

..tithing isn't something I do to clear my conscience so I can do whatever I want with the 90 percent--it also belongs to God! I must seek his direction and permission for whatever I do with the full amount. I may discover that God has different ideas than I do.

...if I try to make only enough money for my family' immediate needs, it may violate Scripture. ...Even though earning just enough to meet the needs of my family may seem nonmaterialistic, it's actually selfish when I could earn enough to care for others as well.

The lottery is a tax on poor people and on people who can’t do math. Rich people and smart people would be in the line if the lottery were a real wealth-building tool, but the truth is that the lottery is a rip-off instituted by our government. This is not a moral position; it is a mathematical, statistical fact. Studies show that the zip codes that spend four times what anyone else does on lottery tickets are those in lower-income parts of town. The lottery, or gambling of any kind, offers false hope, not a ticket out.

Book your life choices in advance the same way you would book flights, car rentals, hotels, and excursions. Figure out early on in your career whether you intend to be financially independent or marry a rich man, join the ranks of the professional elite or be the stay-at- home type, postpone having children or find part-time employment. Then fasten your seat belt and sit tight as you watch your trajectory veer off course.

A disciple does not ask, "How much can I keep?" but, "How much more can I give?" Whenever we start to get comfortable with our level of giving, it's time to raise it again.

Why ask for your daily bread when you own the bakery?

Whenever we have excess, giving should be our natural response. It should be the automatic decision, the obvious thing to do in light of Scripture and human need.

Unless we learn how to humbly tell each other our giving stories, our churches will not learn to give.

Debt is not a tool; it is a method to make banks wealthy, not you. The borrower truly is slave to the lender.

Parents who spoil their children out of 'love' should realize that they are performing acts of child abuse. Although there are no laws against such abuse--no man-made laws anyway--this spiritual mistreatment may result in as much long-term personal and social damage as the worst physical abuse.

Time, not money, is your biggest asset in life. You need time to invest in relationships (with yourself and your family) or to chase your passion. "Think again" if you are still trading off time for money. Let your money work for you. You don't work for money. That is exactly what Financial Freedom is...

In theory, the risk of business failure can be reduced to a number, the probability of failure multiplied by the cost of failure. Sure, this turns out to be a subjective analysis, but in the process your own attitudes toward financial risk and reward are revealed. By contrast, personal risk usually defies quantification. It's a matter of values and priorities, an expression of who you are. "Playing it safe" may simply mean you do not weigh heavily the compromises inherent in the status quo. The financial rewards of the moment may fully compensate you for the loss of time and fulfillment. Or maybe you just don't think about it. On the other hand, if time and satisfaction are precious, truly priceless, you will find the cost of business failure, so long as it does not put in peril the well-being of you or your family, pales in comparison with the personal risks of no trying to live the life you want today. Considering personal risk forces us to define personal success. We may well discover that the business failure we avoid and the business success we strive for do not lead us to personal success at all. Most of us have inherited notions of "success" from someone else or have arrived at these notions by facing a seemingly endless line of hurdles extending from grade school through college and into our careers. We constantly judge ourselves against criteria that others have set and rank ourselves against others in their game. Personal goals, on the other hand, leave us on our own, without this habit of useless measurement and comparison. Only the Whole Life Plan leads to personal success. It has the greatest chance of providing satisfaction and contentment that one can take to the grave, tomorrow. In the Deferred Life Plan there will always be another prize to covet, another distraction, a new hunger to sate. You will forever come up short.

The poor man is called a socialist if he believes that the wealth of the rich should be divided among the poor, but the rich man is called a financier if he devises a plan by which the pittance of the poor can be converted to his use.

If we were to gain God's perspective, even for a moment, and were to look at the way we go through life accumulating and hoarding and displaying our things, we would have the same feelings of horror and pity that any sane person has when he views people in an asylum endlessly beating their heads against the wall.

What you're looking for is already inside you..You can't buy it, lease it, rent it, date it, or apply for it. The best job in the world can't give it to you. Neither can success, or fame, or financial security.

Your future is always more valuable than today, the sooner you realise that the better

Faith is a practical expression of the confidence we have in God and His Word, while trust is a practical expression of our commitment to God and His Word.

God desires that we position ourselves to hear His voice so we can receive the Word that will change our lives forever.

Everything we will ever need for life and eternity has already been placed within our spirits.

IF YOU GO TO WORK ON YOUR PLAN, YOUR PLAN WILL GO TO WORK ON YOU. WHATEVER GOOD THINGS WE BUILD, END UP BUILDING US.” —Jim Rohn

Saving is a great habit but without investing and tracking, it just sleeps

Financial Peace Jr.

God doesn't make us rich so we can indulge ourselves and spoil our children, or so we can insulate ourselves form needing God's provision. God gives us abundant material blessing so that we can give it away, and give it generously.

The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go. In the end, what matters isn’t crossing the finish line before anybody else but just making sure that you do cross it.8

Suddenly, however, the dastardly department of my personality presented two plans, one of which involved dynamite, mustache wax, some rope, and train tracks . . . which I rejected due to financial investment.

But far too often when we face the failure of a business venture, we let that failure paralyze us from trying again. The failure could stem from a lack of financial planning, a lack of resources, or the lack of the right team members. But you have to realize that failure is part of the process when you are on the road to success. The only way to get back on track is to come up with another plan. I’ve failed more times than I can count. But you can’t let the failure freeze you in place and stop you from pursuing your dreams.

If you keep a $495 car payment throughout your life, which is “normal,” you miss the opportunity to save that money. If you invested $495 per month from age twenty-five to age sixty-five, a normal working lifetime, in the average mutual fund averaging 12 percent (the eighty-year stock market average), you would have $5,881,799.14 at age sixty-five. Hope you like the car!

Have they been educated to the level of their intellectual ability or ambition? Is their use of free time engaging, meaningful, and productive? Have they formulated solid and well-articulated plans for the future? Are they (and those they are close to) free of any serious physical health or economic problems? Do they have friends and a social life? A stable and satisfying intimate partnership? Close and functional familial relationships? A career—or, at least, a job—that is financially sufficient, stable and, if possible, a source of satisfaction and opportunity? If the answer to any three or more of these questions is no, I consider that my new client is insufficiently embedded in the interpersonal world and is in danger of spiraling downward psychologically because of that.

Christians are God's delivery people, through whom he does his giving to a needy world. We are conduits of God's grace to others. Our eternal investment portfolio should be full of the most strategic kingdom-building projects to which we can disburse God's funds.

You don’t have to get a job that makes others feel comfortable about what they perceive as your success. You don’t have to explain what you plan to do with your life. You don’t have to justify your education by demonstrating its financial rewards. You don’t have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history or economics or science or the arts. You have to pay your electric bill. You have to be kind. You have to give it all you got. You have to find people who love you truly and love them back with the same truth. But that’s all.

I believe that the biggest mistake that most people make when it comes to their retirement is they do not plan for it. They take the same route as Alice in the story from “Alice in Wonderland,” in which the cat tells Alice that surely she will get somewhere as long as she walks long enough. It may not be exactly where you wanted to get to, but you certainly get somewhere.

You want to know the story? I'd be happy to tell you. I think I have just enough caloric energy stored up to make it through the telling of the tale. It's short. I am monstrously fat. I am a glutton. My wife was disgusted and repulsed. She gave me six months to lose one hundred pounds. I joined Weight Watchers . . . see it there, right across the street, that gaunt storefront? This afternoon was the big six-month weigh-in. So to speak. I had gained almost seventy pounds in the six months. An errant Snickers bar fell out of the cuff of my pants and rolled against my wife's foot as I stepped on the scale. The scale over there across the street is truly an ingenious device. One preprograms the desired new weight into it, and if one has achieved or gone below that new low weight, the scale bursts into recorded whistles and cheers and some lively marching-band tune. Apparently, tiny flags protrude from the top and wave mechanically back and forth. A failure--see for instance mine--results in a flatulent dirge of disappointed and contemptuous tuba. To the strains of the latter my wife left, the establishment, me, on the arm of a svelte yogurt distributor whom I am even now planning to crush, financially speaking, first thing tomorrow morning. Ms. Beadsman, you will find an eclair on the floor to the left of your chair. Could you perhaps manipulate it onto this plate with minimal chocolate loss and pass it to me.

You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what you plan to do with your life. You don't have to justif your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history or economics or science or the arts. You have to pay your own electric bill. You have to be kind. You have to give it all you've got. You have to find people who love you truly and love them back with the same truth. But that's all.

If economic catastrophe does come, will it be a time that draws Christians together to share every resource we have, or will it drive us apart to hide in our own basements or mountain retreats, guarding at gunpoint our private stores from others? If we faithfully use our assets for his kingdom now, rather than hoarding them, can't we trust our faithful God to provide for us then?

IF YOU WILL LIVE LIKE NO ONE ELSE, LATER YOU CAN LIVE LIKE NO ONE ELSE. This is the motto of your Total Money Makeover. It’s my way of reminding you that if you will make the sacrifices now that most people aren’t willing to make, later on you will be able to live as those folks will never be able to live.

one reason to have a Total Money Makeover is to build wealth that allows you to have fun. So have some fun! Taking your family, even the extended ones, on a seven-day cruise, buying large diamonds, or even buying a new car are things you can afford to do when you have millions of dollars. You can afford to do these things because when you do them, your money position is hardly even affected. If you like travel, travel. If you like clothes, buy some. I am releasing you to have some fun with your money, because money is to be enjoyed. That guilt-free enjoyment is one of the three reasons to have a Total Money Makeover.

Almost as an article of faith, some individuals believe that conspiracies are either kooky fantasies or unimportant aberrations. To be sure, wacko conspiracy theories do exist. There are people who believe that the United States has been invaded by a secret United Nations army equipped with black helicopters, or that the country is secretly controlled by Jews or gays or feminists or black nationalists or communists or extraterrestrial aliens. But it does not logically follow that all conspiracies are imaginary. Conspiracy is a legitimate concept in law: the collusion of two or more people pursuing illegal means to effect some illegal or immoral end. People go to jail for committing conspiratorial acts. Conspiracies are a matter of public record, and some are of real political significance. The Watergate break-in was a conspiracy, as was the Watergate cover-up, which led to Nixon’s downfall. Iran-contra was a conspiracy of immense scope, much of it still uncovered. The savings and loan scandal was described by the Justice Department as “a thousand conspiracies of fraud, theft, and bribery,” the greatest financial crime in history. Often the term “conspiracy” is applied dismissively whenever one suggests that people who occupy positions of political and economic power are consciously dedicated to advancing their elite interests. Even when they openly profess their designs, there are those who deny that intent is involved. In 1994, the officers of the Federal Reserve announced they would pursue monetary policies designed to maintain a high level of unemployment in order to safeguard against “overheating” the economy. Like any creditor class, they preferred a deflationary course. When an acquaintance of mine mentioned this to friends, he was greeted skeptically, “Do you think the Fed bankers are deliberately trying to keep people unemployed?” In fact, not only did he think it, it was announced on the financial pages of the press. Still, his friends assumed he was imagining a conspiracy because he ascribed self-interested collusion to powerful people. At a World Affairs Council meeting in San Francisco, I remarked to a participant that U.S. leaders were pushing hard for the reinstatement of capitalism in the former communist countries. He said, “Do you really think they carry it to that level of conscious intent?” I pointed out it was not a conjecture on my part. They have repeatedly announced their commitment to seeing that “free-market reforms” are introduced in Eastern Europe. Their economic aid is channeled almost exclusively into the private sector. The same policy holds for the monies intended for other countries. Thus, as of the end of 1995, “more than $4.5 million U.S. aid to Haiti has been put on hold because the Aristide government has failed to make progress on a program to privatize state-owned companies” (New York Times 11/25/95). Those who suffer from conspiracy phobia are fond of saying: “Do you actually think there’s a group of people sitting around in a room plotting things?” For some reason that image is assumed to be so patently absurd as to invite only disclaimers. But where else would people of power get together – on park benches or carousels? Indeed, they meet in rooms: corporate boardrooms, Pentagon command rooms, at the Bohemian Grove, in the choice dining rooms at the best restaurants, resorts, hotels, and estates, in the many conference rooms at the White House, the NSA, the CIA, or wherever. And, yes, they consciously plot – though they call it “planning” and “strategizing” – and they do so in great secrecy, often resisting all efforts at public disclosure. No one confabulates and plans more than political and corporate elites and their hired specialists. To make the world safe for those who own it, politically active elements of the owning class have created a national security state that expends billions of dollars and enlists the efforts of vast numbers of people.

I have heard it said that if you tell a lie often enough, loudly enough, and long enough, the myth will become accepted as a fact. Repetition, volume, and longevity will twist and turn a myth, or a lie, into a commonly accepted way of doing things. Entire populations have been lulled into the approval of ghastly deeds and even participation in them by gradually moving from the truth to a lie. Throughout history, twisted logic, rationalization, and incremental changes have allowed normally intelligent people to be party to ridiculous things. Propaganda, in particular, has played a big part in allowing these things to happen.

Saving for a down payment or cash purchase of a home should occur after becoming debt-free in Step Two and after finishing the emergency fund in Step Three. That makes saving for a down payment Baby Step Three (b). You should save for the home if you have the itch before moving on to the next step. Many people are worried about getting a home, but please let it be a blessing rather than a curse. It will be a curse if you buy something while you are still broke. There are all sorts of folks who are eager to “work with you” so you can make it happen sooner, but the definition of “Creative Financing” is “Too Broke to Buy a House.

A reporter once asked me why I think progressive men who earn significantly less than their breadwinning wives still won't quit their jobs to take care of their children. Why do they still hold on to their careers, even if taking care of the children would make more financial sense because the cost of childcare is higher than their net salary? I think I know the answer to that now, and it sucks. Women are not expected to live a life for themselves. When women dedicate their lives to children, it is deemed a worthy and respectable choice. When women dedicate themselves to a passion outside of the family that doesn't involve worshiping their husbands or taking care of their kids, they're seen as selfish, cold, or unfit mothers. But when a man spends hours grueling over a craft, profession, or project, he's admired and seen as a genius. And when a man finds a woman who worships him, who dedicates her life to serving him, he's lucky. But when a man dedicates himself to taking care of his children it's seen as a last resort. That it must be because he ran out of other options. That it's plan Z. That it's an indicator of his inability to provide for his family. Basically, that he's a fucking loser. I think it's one of the most important falsehoods we need to shatter when talking about women's rights.

Peter Lynch doesn’t advise you to buy stock in your favorite store just because you like shopping in the store, nor should you buy stock in a manufacturer because it makes your favorite product or a restaurant because you like the food. Liking a store, a product, or a restaurant is a good reason to get interested in a company and put it on your research list, but it’s not enough of a reason to own the stock! Never invest in any company before you’ve done the homework on the company’s earnings prospects, financial condition, competitive position, plans for expansion, and so forth.

There’s no such thing as an entitlement because no one is entitled to anything. If you plan to live off of the generosity of your neighbors, it would behoove you to endear yourself to them so that they actually want to help you, because you do not have a right to anybody else’s money. Nobody does. There isn’t such a thing. We all have obligations but nobody in the Bible has a right to anything. The word doesn’t exist in Hebrew because it doesn’t exist in the world. When anyone coerces you to provide such a right, it is not charity by the very definition of charity, which is voluntary giving. If you are being coerced to give your money to someone, this is theft.

Work is not just an activity that generates funds and creates desire; it’s the vagabonding gestation period, wherein you earn your integrity, start making plans, and get your proverbial act together. Work is a time to dream about travel and write notes to yourself, but it’s also the time to tie up your loose ends. Work is when you confront the problems you might otherwise be tempted to run away from. Work is how you settle your financial and emotional debts—so that your travels are not an escape from your real life but a discovery of your real life.

As soon as I had believed that financial security purchased emotional security, I'd lived a dependent, conditional life. Now I realize that rather than mortgage myself for a dream life on a layaway plan, I prefer the rather nice kind of life I've stumbled into. My desire for a double oven has less to do with signaling that I belong to a certain class or have reached a type of perfection and more to do with the fact that I haven't figured out how to make a pot roast and an apple pie at the same time. So I make the pie ahead of time and reheat it. I think it was Mark Twain who said, 'Happiness is wanting what you have, not having what you want.' I tell my kids this, hoping they will learn to balance the act of pursuing with the act of savoring.

And yet sometimes she worried about what those musty old books were doing to her. Some people majored in English to prepare for law school. Others became journalists. The smartest guy in the honors program, Adam Vogel, a child of academics, was planning on getting a Ph.D. and becoming an academic himself. That left a large contingent of people majoring in English by default. Because they weren't left-brained enough for science, because history was too dry, philosophy too difficult, geology too petroleum-oriented, and math too mathematical--because they weren't musical, artistic, financially motivated, or really all that smart, these people were pursuing university degrees doing something no different from what they'd done in first grade: reading stories. English was what people who didn't know what to major in majored in.

To this day, I remain awestruck by the fact that human beings are capable of this type of metamorphosis. We don’t have to stay stuck displaying the same personality traits over the course of our lifetime but are free to transform into higher expressions of ourselves. Today I can honestly say that I know beyond the shadow of a doubt that human beings are capable of making radical and lasting change. After a decade of coaching individuals and leading groups, I have discovered that if I don’t buy into people’s perceptions of who they are and what they are capable of, I can bypass their public personas and see who they are in their highest expression. With a little effort, I can see their magnificence and their potential no matter what they look like or what condition their emotional, spiritual, or financial world is in. I can see through their acts, their personas, their fears and insecurities. I can see who they are apart from the baggage they carry around. The undeniable fact is that underneath all of our public personas, we already are that which we desire to be. Our only job is to see past our own limitations so that we can return to that which we already are.

As my wife saw it—as most people would see it, I imagine—an unwritten book was hardly a financial plan. “In other words,” she said, “you’ve got some magic beans in your pocket. That’s what you’re telling me. You have some magic beans, and you’re going to plant them, and overnight a huge beanstalk is going to grow high into the sky, and you’ll climb up the beanstalk, kill the giant who lives in the clouds, and then bring home a goose that lays golden eggs. Is that it?” “Something like that,” I said. Michelle shook her head and looked out the window. We both knew what I was asking for. Another disruption. Another gamble. Another step in the direction of something I wanted and she truly didn’t. “This is it, Barack,” Michelle said. “One last time. But don’t expect me to do any campaigning. In fact, you shouldn’t even count on my vote.” — AS A KID, I had sometimes watched as my salesman grandfather tried to sell life insurance policies over the phone, his face registering misery as he made cold calls in the evening from our tenth-floor apartment in a Honolulu high-rise. During the early months of 2003, I found myself thinking of him often as I sat at my desk in the sparsely furnished headquarters of my newly launched Senate campaign

Because it is the triumph of a lack of planning –both for good and bad. It's chaos –and whether you say that with a gasp of despair or glee or both is up to you. Whereas Paris (certainly in the centre) is the success of a single overarching monomaniacal topographic vision, London is a chaotic patchwork of history, architecture, style, as disorganised as any dream, and like any dream possessing an underlying logic, but one that we can't quite make sense of, though we know it's there. A shoved-together city cobbled from centuries of distinct aesthetics disrespectfully clotted in a magnificent triumph of architectural philistinism. A city of jingoist sculptures, concrete caryatids, ugly ugly ugly financial bombast, reconfiguration. A city full of parks and gardens, which have always been magic places, one of the greenest cities in the world, though it's a very dirty shade of green –and what sort of grimy dryads does London throw up? You tell me.

Investment Owner’s Contract I, _____________ ___________________, hereby state that I am an investor who is seeking to accumulate wealth for many years into the future. I know that there will be many times when I will be tempted to invest in stocks or bonds because they have gone (or “are going”) up in price, and other times when I will be tempted to sell my investments because they have gone (or “are going”) down. I hereby declare my refusal to let a herd of strangers make my financial decisions for me. I further make a solemn commitment never to invest because the stock market has gone up, and never to sell because it has gone down. Instead, I will invest $______.00 per month, every month, through an automatic investment plan or “dollar-cost averaging program,” into the following mutual fund(s) or diversified portfolio(s): _________________________________, _________________________________, _________________________________. I will also invest additional amounts whenever I can afford to spare the cash (and can afford to lose it in the short run). I hereby declare that I will hold each of these investments continually through at least the following date (which must be a minimum of 10 years after the date of this contact): _________________ _____, 20__. The only exceptions allowed under the terms of this contract are a sudden, pressing need for cash, like a health-care emergency or the loss of my job, or a planned expenditure like a housing down payment or a tuition bill. I am, by signing below, stating my intention not only to abide by the terms of this contract, but to re-read this document whenever I am tempted to sell any of my investments. This contract is valid only when signed by at least one witness, and must be kept in a safe place that is easily accessible for future reference.

From the end of the World War twenty-one years ago, this country, like many others, went through a phase of having large groups of people carried away by some emotion--some alluring, attractive, even speciously inspiring, public presentation of a nostrum, a cure-all. Many Americans lost their heads because several plausible fellows lost theirs in expounding schemes to end barbarity, to give weekly handouts to people, to give everybody a better job--or, more modestly, for example, to put a chicken or two in every pot--all by adoption of some new financial plan or some new social system. And all of them burst like bubbles. Some proponents of nostrums were honest and sincere, others--too many of them--were seekers of personal power; still others saw a chance to get rich on the dimes and quarters of the poorer people in our population. All of them, perhaps unconsciously, were capitalizing on the fact that the democratic form of Government works slowly. There always exists in a democratic society a large group which, quite naturally, champs at the bit over the slowness of democracy; and that is why it is right for us who believe in democracy to keep the democratic processes progressive--in other words, moving forward with the advances in civilization. That is why it is dangerous for democracy to stop moving forward because any period of stagnation increases the numbers of those who demand action and action now.

After the New Deal, economists began referring to America’s retirement-finance model as a “three-legged stool.” This sturdy tripod was composed of Social Security, private pensions, and combined investments and savings. In recent years, of course, two of those legs have been kicked out. Many Americans saw their assets destroyed by the Great Recession; even before the economic collapse, many had been saving less and less. And since the 1980s, employers have been replacing defined-benefit pensions that are funded by employers and guarantee a monthly sum in perpetuity with 401(k) plans, which often rely on employee contributions and can run dry before death. Marketed as instruments of financial liberation that would allow workers to make their own investment choices, 401(k)s were part of a larger cultural drift in America away from shared responsibilities toward a more precarious individualism. Translation: 401(k)s are vastly cheaper for companies than pension plans. “Over the last generation, we have witnessed a massive transfer of economic risk from broad structures of insurance, including those sponsored by the corporate sector as well as by government, onto the fragile balance sheets of American families,” Yale political scientist Jacob S. Hacker writes in his book The Great Risk Shift. The overarching message: “You are on your own.

Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.

Here’s a Reader’s Digest version of my approach. I select mutual funds that have had a good track record of winning for more than five years, preferably for more than ten years. I don’t look at their one-year or three-year track records because I think long term. I spread my retirement, investing evenly across four types of funds. Growth and Income funds get 25 percent of my investment. (They are sometimes called Large Cap or Blue Chip funds.) Growth funds get 25 percent of my investment. (They are sometimes called Mid Cap or Equity funds; an S&P Index fund would also qualify.) International funds get 25 percent of my investment. (They are sometimes called Foreign or Overseas funds.) Aggressive Growth funds get the last 25 percent of my investment. (They are sometimes called Small Cap or Emerging Market funds.) For a full discussion of what mutual funds are and why I use this mix, go to daveramsey.com and visit MyTotalMoneyMakeover.com. The invested 15 percent of your income should take advantage of all the matching and tax advantages available to you. Again, our purpose here is not to teach the detailed differences in every retirement plan out there (see my other materials for that), but let me give you some guidelines on where to invest first. Always start where you have a match. When your company will give you free money, take it. If your 401(k) matches the first 3 percent, the 3 percent you put in will be the first 3 percent of your 15 percent invested. If you don’t have a match, or after you have invested through the match, you should next fund Roth IRAs. The Roth IRA will allow you to invest up to $5,000 per year, per person. There are some limitations as to income and situation, but most people can invest in a Roth IRA. The Roth grows tax-FREE. If you invest $3,000 per year from age thirty-five to age sixty-five, and your mutual funds average 12 percent, you will have $873,000 tax-FREE at age sixty-five. You have invested only $90,000 (30 years x 3,000); the rest is growth, and you pay no taxes. The Roth IRA is a very important tool in virtually anyone’s Total Money Makeover. Start with any match you can get, and then fully fund Roth IRAs. Be sure the total you are putting in is 15 percent of your total household gross income. If not, go back to 401(k)s, 403(b)s, 457s, or SEPPs (for the self-employed), and invest enough so that the total invested is 15 percent of your gross annual pay. Example: Household Income $81,000 Husband $45,000 Wife $36,000 Husband’s 401(k) matches first 3%. 3% of 45,000 ($1,350) goes into the 401(k). Two Roth IRAs are next, totaling $10,000. The goal is 15% of 81,000, which is $12,150. You have $11,350 going in. So you bump the husband’s 401(k) to 5%, making the total invested $12,250.