You probably know what you need to be doing in order to have a secure financial situation. You know you need to work to earn money, save some, pay off your debt and invest if you can. However, there is much more detail to each of these than it may seem at first glance. We recommend reaching through money and finance quotes to motivate and inspire you to do what you need to be doing with your money. We’ve rounded up the 9 best money and finance quotes that we believe will connect with our audience.
9 Wise Money and Finance Quotes
“Never spend your money before you have earned it”
- Thomas Jefferson -
This is especially prudent advice these days, because you never know when something unexpected will come up and keep you from having the money that you think you will earn. Maybe you or a loved one will get sick, and you will need to care for them. If you’ve already spent your money in advance, this can put you in a difficult financial situation.
“A simple fact that is hard to learn is that the time to save money is when you have some”
- Joe Moore -
We’ve all been there at one point or another – we don’t have any money in the bank, and a financial emergency arises. We start second-guessing all of the financial decisions we made in the weeks leading up to this emergency. Maybe we shouldn’t have gone out for a steak dinner or bought that new TV.
And unfortunately, those second-guesses are right. Saving money is a difficult but it is necessary to maintain financial health.
“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are”
- James W. Frick -
When most people think about money, they don’t think their personal values carry much weight over their spending decisions. However, that couldn’t be farther from the truth. If you value travel, you’ll have a big savings account with money saved to travel with. If you value spending time with your family at the movies, you probably spend a large amount of money at movie theaters. If you value financial security, then you have a big savings account for emergencies.
If you want to change the way you spend and save your money, your values have to change. And not just what you think your values are – what your actual values are.
“If you want to be wealthy, think of saving as well as getting”
- Benjamin Franklin -
Most of us want to be wealthy – or at the very least, secure and comfortable. Unfortunately, that will never happen until we start saving. When we don’t save, we end up taking on more debt for financial emergencies. Then that debt makes it much harder to save money in the future. You can start saving today by thinking more frugally.
“Many folks think they aren’t good at earning money, when what they don’t know is how to use it”
- Frank A. Clark -
Many Americans end up in the cycle where they are living paycheck to paycheck. They may feel like they aren’t earning enough – even after they get raises or change jobs. The truth is that the problem isn’t (usually) how much they are earning, but how they are using their money. If they are deep in debt, and a good amount of money is going towards paying that off, then not only do they feel strapped for cash most of the time, but they also aren’t able to save or invest any money either.
That’s why educating yourself on sites like The Logic of Money is critical to your financial health. Knowledge is power – and the more you know, the smarter you can be with your finances.
“Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment, it ensures the possibility of satisfying a new desire when it arises”
- Aristotle -
Committing to savings is hard for most people. Artistotle’s quote can be helpful in inspiring people to save more. Instead of feeling like you are depriving yourself of money now by saving it, think about what you can do with that money in the future.
“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy”
- Warren Buffet -
There are not many people who believe they are going to get rich on Wall Street. But if you’d like to take a look at investing as a possibility, now might be a good time to buy stock. The market is very low, which means stocks are at rock-bottom prices. However, acquiring the money to invest may be more difficult than usual.
“Opportunity is missed by most people because it is dressed in overalls and looks like work”
- Thomas Edison -
If you’re just now beginning to invest – chances are, you aren’t going to be able to live off the money you’re making from investing. It can definitely help you increase your net worth, and maybe help you earn some money for retirement or to stash away for a rainy day. The best way to make money is still through work.
“Every time you borrow money, you’re robbing your future self”
- Nathan W. Morris -
Many of us put silly purchases on credit – things we don’t really need, or maybe going into debt around the holidays. But if you can get in the mindset that when you use credit, you’re robbing your future self, it can be a helpful way to prevent yourself from using credit for things that you don’t really need or that aren’t emergencies. By not using credit unless you absolutely must, you can create a much healthier financial situation for yourself.
These quotes cover a large range of financial topics from saving to spending to investing. We recommend focusing on one area of your financial picture where you’d like to make some progress at a time. This will prevent you from getting overwhelmed and quitting, or losing focus.
About the Author
Melinda Pettijohn is an expert personal financial writer with more than 10 years of experience in the industry. She covers topics ranging from budgeting, additional ways to make money, credit cards, managing debt, paying for college, and more. As a mom of three kids, she especially loves sharing insights on how to make the most of your money while raising a family.