A Quote by Mitt Romney
I'd like Americans to save their money, and not get taxed on their savings.
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Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.
I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it.
You know, money will never save anyone. Compassion can save someone, love can save someone, money will never save anyone. And as long as the entire society will put money first... Money should be like third or fourth or fifth, I'm not saying lets get rid of money, but how can we put money as number one? As the only value, like if you are rich, you're famous you go VIP, why? It's just insane, the way we've transformed the society.
Currently, not only are Americans taxed on what they earn, but those assets are taxed again when they are passed on to a loved one.
Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid.
Payroll savings plans are vital because they are essentially the only way that middle-class Americans reliably save for retirement.
The harder you work for money, the more you are taxed, the harder your money works, the less it is taxed.
With money we really fool ourselves. We are our biggest enemies with money and there are some things we can do about it. Automatic deductions are a wonderful thing. But ideally, you should wait until the end of the month, you can see how much extra money you had, and you should put that in your savings account. We don't do that too well, and if we did that, we would never save. So, what we do, is we take money out of our pocket into the saving account at the beginning of the month, take it outside of our control and as a consequence, we spend less and we save more.
If you want to save, put money into superannuation, you will never find a better savings vehicle.
Everybody's got money for vacation time. Look at how much we all spend just to get - well, I get sick on the loop-the-loop roller coasters. People pay money for that kind of experience. So I would certainly save up money, save several vacations worth of money, to go on a suborbital flight or any rocket flights.
My mother, she had a very good attitude toward money. I'm very grateful for the fact that we had to learn to save. I used to get like 50 pence a week, and I'd save it for like five months. And then I'd spend it on Christmas presents. I'd save up like eight pounds. It's nothing, but we did that.
We want to develop innovative ways to promote savings so more Americans can save for their future, but first we need to reject privatization schemes and work together to strengthen Social Security.
One way to make health care more affordable is a Flexible Savings Account that allows families to save tax free money to pay for medical bills.
Even now, hearing the debates about Medicaid, the suggestion that somehow we could save money by cutting Medicaid strikes a chord in me personally. It seems there are some other ways we can save money rather than making it harder for people like my aunt to get health care.
People should take every opportunity they can to save money because it really adds up, and the best way I know to do that is to make your savings automatic.
The problem with our deficit is not because Americans are taxed too little. The problem with the deficit is because Washington spends too much money. We have got to stop spending money we don't have.
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