A Quote by Patrick Schwarzenegger

My grandmother always said, 'when you receive a paycheck, you always have to put a certain amount to your savings, and 10 percent right away to charity.' — © Patrick Schwarzenegger
My grandmother always said, 'when you receive a paycheck, you always have to put a certain amount to your savings, and 10 percent right away to charity.'
I always encourage people to pay themselves first, so I really advocate setting up direct deposit for your paycheck and establishing an automatic transfer so that part of each paycheck goes straight into your savings account.
I had no clue about taxes at all. I didn't know they hit your paycheck. There's something that you've always got to put money away for. I didn't know you've got to put money away for it, even though it's coming out your own money. It's like, 'What the heck?'
A cardinal rule in budgeting and saving is to pay yourself first. Once your paycheck hits your account, wisdom has it that you should move some amount to savings even before you pay the bills.
In the Premier League you know you'll play a certain amount of matches so you can always think 'I'll put it right next week' if you lose.
There is always a certain amount of 'transmission loss.' You can have a power generator and if the power is going on 100 miles away, even with very efficient cable there could be a certain amount of loss.
Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be - as a type - the greatest economic charity of all.
One percent of people will always be honest and never steal," the locksmith said. "Another one percent will always be dishonest and always try to pick your lock and steal your television. And the rest will be honest as long as the conditions are right - but if they are tempted enough, they'll be dishonest too. Locks won't protect you from the thieves, who can get in your house if they really want to. They will only protect you from the mostly honest people who might be tempted to try your door if it had no lock".
Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
I've pretty much always lived paycheck to paycheck. I never considered it struggling, but it has always been a high-wire act.
Sometimes we adopt certain beliefs when we're children and use them automatically when we become adults, without ever checking them out against reality. This brings to mind the story of the woman who always cut off the end of the turkey when she put it in the oven. Her daughter asked her why, and her mother responded, "I don't know. My mother always did it." Then she went and asked her mother, who said, "I don't know. My mother always did it." The she went and asked her grandmother, who said, "The oven wasn't big enough."
Charity is to unburden you from your guilt, so you say, `I am doing something: I going to open a hospital, going to open a college. I give money to this charity fund, to that trust....` You feel a little happier. The world has lived in poverty, the world has lived in scarcity, ninety-nine percent of people have lived a poor life, almost starving and dying, and only one percent of people have lived with richness, with money - they have always felt guilty. To help them, the religions developed the idea of charity. It is to rid them of their guilt.
Suggest your children try tithing - giving 10 percent of their allowance to a charity every month.
No investment on earth is so safe, so sure, so certain to enrich its owners as undeveloped realty. I always advise my friends to place their savings in realty near a growing city. There is no such savings bank anywhere.
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.
When it comes right down to it, someone else may be signing your paycheck but you are the person who fills in the amount.
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