Incoming Birthday Quotes

There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income. [In a Fox News interview in May 2004]

As for denying the existence of fairies, good and bad, you have to be blind not to see them. They are everywhere, and naturally I have links of affection or dislike with all of them. The wealthy, spendthrift ones squander fortunes in Venice or Monte Carlo: fabulous, ageless women whose birthdays and incomes and origins nobody knows, putting charms on roulette wheels for the dubious pleasure of seeing the same number come up more often than it ought. There they sit, puffing smoke from long cigarette-holders, raking in the chips, and looking bored. Others spend the hours of darkness hanging their apartments in Paris or New York with Gothic tapestries, hitherto unrecorded, that drive the art-dealers demented-gorgeous tapestries kept hidden away in massive chests beneath deserted abbeys and castles since their own belle epoque in the Middle Ages. Some stick to their original line of country, agitating tables at seances or organizing the excitement in haunted houses; some perform kind deeds, but in a capricious and uncertain manner that frequently goes wrong, And then there are the amorous fairies, who never give up. They were to be seen fluttering through the Val Sans Retour in the forest of Broceliande, where Morgan la Fee concealed the handsome knight Guyomar and many lost lovers besides, or over the Isle of Avallon where the young knight Lanval lived happily with a fairy who had stolen him away. Now wrinkled with age, the amorous ones contrive to lure young men on the make who, immaculately tailored and bedecked with baubles from Cartier, escort them through the vestibules of international hotels. Yet other fairies, more studious and respectable, devote themselves to science, whirring and breathing above tired inventors and inspiring original ideas-though lately the unimaginable numbers,the formulae and the electronics, tend to overwhelm them. The scarcely comprehensible discoveries multiply around them and shake a world that is not theirs any more, that slips through their immaterial fingers. And so it goes on-all sorts and conditions of fairies, whispering together, purring to themselves, unnoticed on the impercipient earth. And I am one of them.

Child psychologists Betty Hart and Todd Risley learned the same thing when they recorded hundreds of hours of interactions between children and adults in forty-two families from across a wide socioeconomic spectrum and assessed the children’s development from nine months to three years. Children in well-to-do families, whose parents were typically college-educated professionals, heard an average of 2,153 words an hour spoken to them. In contrast, the children of low-income families heard an average only 616 words per hour. By their third birthday, the children in well-to-do families heard 30 million more words than economically deprived children and the amount of conversation parents had with their infants was directly proportional to IQ test scores assessed at three years of age and the performance in school of these children at ages nine and ten. (Hart and Risley 2003) The exciting part is that Hart and Risley’s research has spawned conscious parenting initiatives thanks to technology in the form of LENA (Language Environment Analysis) devices. LENA devices work like pedometers except they keep track of words rather than steps. The Thirty Million Words Initiative in Chicago is making LENA devices available to parents so they can track the numbers of words they expose their children to. After six weeks, researchers in Chicago found a 32 percent increase in the number of words the children heard. Says Dr. Dana Suskind, Director of the Thirty Million Words Initiative: “Every parent has the ability to grow their children’s brain and impact their future.” (Suskind 2013)

Life expectancy rose only modestly between the Neolithic era of 8500 to 3500 BC and the Victorian era of 1850 to 1900.13 An American born in the late nineteenth century had an average life expectancy of around forty-five years, with a large share never making it past their first birthdays.14 Then something remarkable happened. In countries on the frontier of economic development, human health began to improve rapidly, education levels shot up, and standards of living began to grow and grow. Within a century, life expectancies had increased by two-thirds, average years of schooling had gone from single to double digits, and the productivity of workers and the pay they took home had doubled and doubled and then doubled again. With the United States leading the way, the rich world crossed a Great Divide—a divide separating centuries of slow growth, poor health, and anemic technical progress from one of hitherto undreamed-of material comfort and seemingly limitless economic potential. For the first time, rich countries experienced economic development that was both broad and deep, reaching all major segments of society and producing not just greater material comfort but also fundamental transformations in the health and life horizons of those it touched. As the French economist Thomas Piketty points out in his magisterial study of inequality, “It was not until the twentieth century that economic growth became a tangible, unmistakable reality for everyone.”15 The mixed economy was at the heart of this success—in the United States no less than in other Western nations. Capitalism played an essential role. But capitalism was not the new entrant on the economic stage. Effective governance was. Public health measures made cities engines of innovation rather than incubators of illness.16 The meteoric expansion of public education increased not only individual opportunity but also the economic potential of entire societies. Investments in science, higher education, and defense spearheaded breakthroughs in medicine, transportation, infrastructure, and technology. Overarching rules and institutions tamed and transformed unstable financial markets and turned boom-bust cycles into more manageable ups and downs. Protections against excessive insecurity and abject destitution encouraged the forward-looking investments and social integration that sustained growth required. At every level of society, the gains in health, education, income, and capacity were breathtaking. The mixed economy was a spectacularly positive-sum bargain: It redistributed power and resources, but as its impacts broadened and diffused, virtually everyone was made massively better off.

Emergency savings can be used to pay for unexpected emergencies only, which include: ➔Unexpected home repairs and replacement of essential items ➔Unexpected essential car repairs ➔Unexpected medical/dental bills ➔Bills and household costs in the event of an unexpected drop in income. Examples of expenses that cannot be funded by emergency savings are: ➔Christmas and birthdays ➔Routine or advance-planned medical/dental treatments ➔Budgeting fails ➔Impulse purchases ➔Non-essential repairs/replacements ➔Holidays.