A Quote by Charles Schwab
If there's not enough money in the bank account, you don't spend it.
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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.
At the beginning of a remodel, money is everything, but as you go along, it becomes secondary to the vision. You can't have the house looking like a glorious jewel and leave the cracked linoleum or the icky light fixture, so you spend and spend and spend. Then one day it suddenly occurs to you that all that play money you've been throwing around is real - and it's in someone else's bank account.
The amount of money currently in your bank account is a fact. The amount you spend today is a choice. And the way you reconcile both is through clarity.
When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
Save money; never rely on other people to lend you money. We call it having 'walking the streets' money - money in your back pocket or bank account that belongs to you.
When I was studying at the Neighborhood Playhouse, I would overdraft my bank account and not have enough money to buy groceries. But I also discovered how to cook with very limited resources.
The most important thing in your life is your health and your body. You can have all the education and you can have millions of dollars in the bank, but if you've got headaches every day, if you're fat and you are out of shape - what good is your money? Your health account and your bank account, build them both up!
You know, you cut taxes for the rich sometimes and it sits in a bank account. You cut taxes for the middle class, they will spend the money.
I'm not a very good financing person. I don't even know how much money I have in my bank account. I never have opened one single envelope from the bank - they freak me out.
The Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.
For me, money is to use - it's only to use. So I never have money because I always spend. That's why in a way I protect myself in having houses. But if I had just cash or kept it in the bank, I'd spend it immediately. But not for stupid things. So I don't like to have money. I never have money in my pocket.
I've got my eye on a few things to spend my money on. I've got my own bank card but I am really good with money. I don't spend too much at all.
If you spend your life competing with business men, what do you have? A bank account and ulcers!
I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.
Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.
Once people know that you can spend the money and that you're willing to spend the money and that you're set up to spend the money in politics, then your threat to spend the money is as convincing as actually spending it.
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