A Quote by Charlie Munger

Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.

Charlie Munger

Quote Topics

Account Always Amount Begin Deferred Less Make No-Brainer Over Put Saving Something Spend Tax Than Time Will

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

You need to have a reader's sympathy in order to accomplish anything. It's like at a reading, I find it's better to read something funny than to read something tragic. It just goes over better because you have a finite amount of time with somebody. Of course, in a book, you have a lot of time. But you still do want to make a certain impression right when you begin.

Jonathan Safran Foer

People should decide 'are you willing to spend all this money to go to Mars?' I think the average person on the ground would never spend that amount of money - they have to spend it on something that makes sense and this is definitely saving our planet.

Felix Baumgartner

When you want to get good at something, how you spend your time practicing is far more important than the amount of time you spend.

Joshua Foer

The best results are achieved by using the right amount of effort in the right place at the right time. And this right amount is usually less than we think we need. In other words, the less unnecessary effort you put into learning, the more successful you'll be... the key to faster learning is to use appropriate effort. Greater effort can exacerbate faulty patterns of action. Doing the wrong thing with more intensity rarely improves the situation. Learning something new often requires us to unlearn something old.

Tony Buzan

Here's what I can tell the American people: 95 percent of you will get a tax cut. And if you make less than $250,000, less than a quarter-million dollars a year, then you will not see one dime's worth of tax increase.

Barack Obama

Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.

Jean Chatzky

It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

Arthur Laffer

No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.

Joe Biden

What do you mean less than nothing? I don't think there is any such thing as less than nothing. Nothing is absolutely the limit of nothingness. It's the lowest you can go. It's the end of the line. How can something be less than nothing? If there were something that was less than nothing, then nothing would not be nothing, it would be something - even though it's just a very little bit of something. But if nothing is nothing, then nothing has nothing that is less than it is.

E. B. White

I spent a lot of time, a lot of energy trying to be a better artist and I still [do]. I spend a lot of time focusing on my craft. If you're going to take your passion into something beyond just something for fun on the side, you got to spend a lot of time on it to be great, and then you've got to make smart decisions about who you collaborate with [and] where you live [to] put yourself in the right situations to meet the right people to catch those breaks.

John Legend

You give me the feeling that the universe Was made by something more than human For something less than human. But I identify myself, as always, With something that there's something wrong with, With something human.

Randall Jarrell

Here's something else, something important: Love is not transactional. It is not a bank account, you don't always get what you put in. Sometimes you put in so much and get very little return on your investment, at least that you can see right away.

Jenny Han

I believe that you're great, that there's something magnificent about you. Regardless of what has happened to you in your life, regardless of how young or how old you think you might be, the moment you begin to think properly, this something that is within you, this power within you that's greater than the world, it will begin to emerge. It will take over your life. It will feed you, it will clothe you, it will guide you, protect you, direct you, sustain your very existence. If you let it! Now that is what I know, for sure.

Michael Beckwith

The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a hard tax to evade. So it makes the job of raising revenue easier. The revenues from the VAT can then be used to lower taxes on income and saving and investment. The Value-Added tax doesn't penalize work or saving; it's a tax on buying stuff.

T.R. Reid

The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.