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Better a good dinner than a fine coat.
— French proverb
The money you enjoy spending frivolously to enhance your retirement
is money well spent.
— from How to Retire Happy, Wild, and Free: Retirement Wisdom That
You Won't Get from Your Financial Advisor
Don't ask the barber whether you need a haircut.
— Daniel S. Greenberg
Don't buy expensive socks if you can never find them.
— Unknown wise person
Real richness in retirement is in how you spend your money.
— Unknown wise person
When I get a little money I buy books; and if any is left I buy food
and clothes.
— Eramus
Life is too short to do anything for oneself that one can pay others
to do for one.
— W. Somerset Maugham
Never economize on luxuries.
— Angela Thirkell
I don't think you can spend yourself rich.
— George Humphrey
The waste of money [particularly in retirement] cures itself, for
soon there is no more to waste.
— M.W. Harrison
Never buy what you do not want, because it is cheap; it will be dear
to you.
— Thomas Jefferson
It is wonderful to think how men of very large estates not only spend
their yearly income, but are often actually in want of money. It is
clear, they have not value for what they don't think you can spend
yourself rich.
— George Humphrey
Misers amass wealth for those who wish them dead.
— Polish proverb
After spending some money in his sleep, Hermon the miser was so hopping
mad he hanged himself.
— Lucilius
Once you have decided to keep a certain pile, it is no longer yours,
for you can't spend it.
— Michel de Montaigne
Riches are to be used and not to be hoarded. After all, what's the
ultimate purpose of money, but to spend it?
— from the international bestseller How to Retire Happy, Wild, and
Free: Retirement Wisdom That You Won't Get from Your Financial Advisor
Money is only useful when you get rid of it. It is like the odd card
in Old Maid; the player who is finally with it has lost.
— Evelyn Waugh
The sage does not hoard. Having bestowed all he has on others, he
has yet more. Having given all he has to others, he is richer still.
— Lao-Tzu (6th century B.C.), Legendary Chinese philosopher.
Misers aren't fun to live with, but they make wonderful ancestors.
— David Brenner
Invest in the known before the unknown.
— Suze Orman
Nobody ever lost money taking a profit.
— Bernard Baruch
Buy on the cannons, sell on the trumpets.
— French adage
Buy on the rumor, sell on the news.
— Wall Street adage
Take care to sell your horse before he dies. The art of life is passing losses on.
— Robert Frost
Whatever you have, spend less.
— Samuel Johnson
Attend no auctions if thou hast no money.
— The Talmud
Never buy expensive wine, luggage, or watches.
— H. Jackson Brown, Jr.
Your best purchases in retirement will turn out to be the ones that
you never made.
— from How to Retire Happy, Wild, and Free: Retirement Wisdom That
You Won't Get from Your Financial Advisor
Never buy a thing you don't want merely because it is dear.
— Oscar Wilde
What a lot of things there are a man can do without.
— Socrates
Any man who has $10,000 left when he dies is a failure.
— Errol Flynn
If you want to really know what your friends and family think of you — die broke, and then see who shows up for the funeral.
— Gregory Nunn
It's better to live rich than to die rich.
— Henry David Thoreau
It's a wise man who lives with money in the bank; it's a fool who
dies that way.
— French proverb
To die rich is to have lived in vain.
— Jiddu Krishnamurti
He who gives while he lives also knows where it goes.
— Percy Ross
Ah, well, then I suppose I shall have to die beyond my means.
— Oscar Wilde
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WARNING! WARNING!
Give this some serious consideration before you finalize and present your retirement speech:
Regardless of how much money you have in your retirement portfolio, what you don't know about what makes people happy in their retirement can hurt you. Surprisingly, money is important, but not as important as how well you can handle leisure time — and a number of other essentials unrelated to money.
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Benjamin Franklin's Advice about Money
Here is something written by Benjamin Franklin that relates to money management. If more Americans, not to mention people in other countries, followed this strategy, they would not have a problem with their finances in their retirement.
"When I was a child of seven years old, my friends, on a holiday, filled my pocket with coppers. I went directly to a shop where they sold toys for children; and, being charmed with the sound of a whistle, that I met by the way in the hands of another boy, I voluntarily offered and gave all my money for one. I then came home, and went whistling all over the house, much pleased with my whistle, but disturbing all the family. My brothers, and sisters, and cousins, understanding the bargain I had made, told me I had given four times as much for it as it was worth; put me in mind what good things I might have bought with the rest of the money; and laughed at me so much for my folly, that I cried with vexation; and the reflection gave me more chagrin than the whistle gave me pleasure. This however was afterwards of use to me, the impression continuing on my mind; so that often, when I was tempted to buy some unnecessary thing, I said to myself, Don't give too much for the whistle; and I saved my money."
BENJAMIN FRANKLIN, letter to Madame Brillon, November10, 1779. - The Works of Benjamin Franklin, ed. Jared Sparks, vol. 2, p. 181 (1836)
There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.
— Mark Twain
The way to make money is to buy when blood is running in the streets.
— John D. Rockefeller
Stay in love with a security until the security gets overvalued, then let somebody else fall in love with it.
— Roy Neuberger
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