Like it or not, money makes the world go round. It provides you with basic necessities and helps you achieve your savings goals. Unfortunately, money doesn’t grow on trees.
But here’s the good news: You can save and earn more money by turning to experts for tips, tricks and inspiration. To help motivate you, check out these 15 quotes from our favorite money experts:
1) “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” – Warren Buffett
No one knows the importance of seizing upon an opportunity better than billionaire Warren Buffett. Buffett made his fortune by purchasing millions in stocks during lulls in the market.
The takeaway: While you may not have millions of dollars sitting around, you can still invest and earn more money. Whether this means accepting a once-in-a-lifetime job opportunity, moving your money into a high-yield savings account, or taking advantage of swings in the market, be sure to put out your “bucket”…not your “thimble.”
2) “Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin
Those little expenses add up – and no one says it better than inventor Benjamin Franklin. While it’s easy to keep your larger expenses in check, it’s not so easy to count all the small, every day expenses.
The takeaway: Those little expenses add up, and can rapidly ruin your budget. To keep yourself in check, evaluate your expenditures every month, and cut back on any miscellaneous, unbudgeted expenses.
3) “A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” – William Feather
Perhaps no one explains the importance of budgeting better than publisher William Feather. A budget is a great tool to tell you where your money should go. But it’s up to you to hold yourself accountable.
The takeaway: Pay attention to your budget and don’t spend more than you have available.
4) “Make sure you have financial intelligence… I don’t care if you have money or you don’t have money… you need to go and study finance no matter what.” – Daymond John
You don’t have to be a financial analyst in order to understand the basics of finance. And this quote from entrepreneur Daymond John proves just that. No matter who you are, it’s vital that you educate yourself on the basics of personal finance.
The takeaway: Educate yourself by making free simple moves like reading books from the library or personal finance blogs.
5) “Tough times never last, but tough people do.” – Robert H. Schuller
Everyone faces a difficult financial period at some point. But instead of panicking or becoming overwhelmed, it’s important to note that these times are only temporarily.
The takeaway: With a lot of hard work, smart planning and determination, any financial situation can be turned around over time, no matter how bad it is.
6) “The way to get started is to quit talking and begin doing.” – Walt Disney
So, you want to take control of your finances? You want to switch jobs? Start your own business? Any financial decision is just a thought until you take action.
The takeaway: Turn your thoughts into actions. Take a leap and make your financial goals a reality.
7) “Personal finance is only 20% head knowledge. It’s 80% behavior!” –Dave Ramsey
Dave Ramsey, financial expert and author of Total Money Makeover, has a unique approach to finances. According to him, your finances are more a reflection of your behaviors than your financial knowledge.
The takeaway: Establish positive money habits like creating a budget or automating your savings. Celebrate your new behaviors, which can easily become money wins.
8) “A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” – Suze Orman
Financial guru Suze Orman is a huge proponent of saving money. And, saving for an emergency can save you oodles of stress.
The takeaway: Instead of worrying about how you’ll pay for unexpected expenses, consider starting an emergency fund.
9) Money, like emotions, is something you must control to keep your life on the right track.” -Natasha Munson
Money isn’t the end-all, be-all, but it certainly is important. Just like you must keep your emotions in check, it’s important to keep your finances in check, according to Natasha Munson.
The takeaway: Take steps to improve your finances as this will give your some control over your life and decisions.
10) “A man who does not plan long ahead will find trouble right at his door.” – Confucius
Even according to Confucius in ancient times, planning ahead was extremely important!
You never know when something unfortunate could happen.
The takeaway: Prepare for the unknown by saving money for a rainy day.
11) “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” – Joe Biden
Unfortunately, simply creating a budget doesn’t mean you are on track financially. In order to keep yourself on track with your budget, check out these tips from EveryDollar.
The takeaway: Adhere to a reasonable budget so that you’ll be more apt to make strides with your financial situation.
12) “It’s simple arithmetic: Your income can grow only to the extent that you do.” — T. Harv Eker
T. Harv Elker, the author of “Secrets of the Millionaire Mind,” is an enormous proponent of personal development. In fact, he claims that your income is a direct reflection of your personal growth.
The takeaway: Don’t be afraid to invest in yourself! Here are a few affordable ways you can invest in yourself while on a budget.
13) “Money isn’t everything, but it’s right up there with oxygen.” – Zig Ziglar
Money truly isn’t everything. But it does afford you the lifestyle you want, according to businessman Zig Ziglar.
The takeaway: You can’t ignore money. Instead, it’s important to prioritize your money goals so that you can afford the lifestyle you want.
14) “You can have excuses or you can have success; you can’t have both.” ― Jen Sincero
According to Jen Sincero, author of “You Are a Badass at Making Money: Master the Mindset of Wealth,” success takes a lot of work. So, instead of blaming your financial woes on your present situation, she proposes that you take control of your situation and turn it around.
The takeaway: Think of your financial situation as a reflection about your attitude about work. Hey, it’s worth a shot!
15) “In fact, what determines your wealth is not how much you make but how much you keep of what you make.” ― David Bach
According to David Bach, author of “Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams,” you can make all the money you have ever imagined…but if you can’t save that money, you have nothing. This is particularly liberating if you don’t earn a ton of money.
The takeaway: Whether you earn $30,000 a year or $100,000, your savings is what matters most! On that note, we’ll leave you with this pro tip: Don’t forget to save even more money by opening a Chime savings account!