INVESTING
AND SPENDING MONEY WISELY IN RETIREMENT PRESENTED
BY:
THE RETIREMENT QUOTES
CAFÉ
(Facts, Quotes, and Sayings about Investing Money and Spending Money Wisely for the Retired and
the Soon-to-Be Retired)
Can I retire early with the
money I have in the bank and in my Social Security entitlements at my retirement age? Likely
not, if you are asking the question.
Life's Secret Handbook states: It is one thing to blame your
financial shortcomings on someone or something. It is another to escape the consequences by blaming
yourself and doing something about it.
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)
Also see Importance of Money in
Retirement
Quotes about Investing and Spending
Money Wisely in Retirement
Here are some quotations about money that offer advice and humor about investing
and spending money wisely in retirement.
People who don't respect money don't have any.
— J. Paul Getty
People who are foolish with money are foolish in many other ways too.
— Dave Erhard
The greatest stock market you can invest in is yourself. Finding this truth is better than
finding a gold mine.
— Byron Katie
A November 25, 2003 Wall Street Journal article revealed that the median car
payment in the U.S. is $383. Edmunds.com says that it is $447. Many are $600 or more per month. Given that one
third of Americans are saving enough for retirement, shouldn't this give us some ideas?
— Jon Hanson
Beware of little expenses: a small leak will sink a great ship.
— Benjamin Franklin
Money is easy to handle;
There are two secrets:
The first is spend less than you make.
If this doesn't work for you, then the second one is definitely for you:
Make more than you spend.
That's all there is to handling money.
— from Life's Secret Handbook
It is not helpful to help a friend by putting coins in his pockets when he has got holes
in his pockets [and his brain].
— Douglas Hurd
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
Don't ask the barber whether you need a haircut.
— Daniel S. Greenberg
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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
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 the book The
Joy of Not Working
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
Note: See Retirement Income and Spending Retirement Money
Wisely for information on how not to be a fool with your money.
WARNING!
WARNING!
Regardless of how 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.
Retirement is a double-edged sword. You either make it work for you — or it will cut your
happiness in half. The more you know about the secrets to a successful retirement, the happier you will be once
you retire.
That's why
you must give yourself the most important retirement
gift that anyone can receive:
Secrets to a Happy Retirement That
You Won't Get from Your Financial
Advisor
- Over 425,000 Copies Sold
- Published in 9 Foreign Languages
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Amazon.com
RETIREMENT QUOTES CAFE WEBSITE COPYRIGHT © 2022
by Ernie J. Zelinski — All
Rights Reserved
Author of The World's Best Retirement
Book
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