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Money Quotes to Ponder

Quotations can bring inspiration and enlightenment. Many famous, and not so famous, people have been quoted on money. Have you wondered what meanings can be interpreted from quotes?

"Never test the depth of river with both the feet." - Warren Buffett

Warren Buffett is one of the greatest investors ever. He has offered many pearls of wisdom to us. One can interpret the meaning of this quote to be “use caution”. Never jump into any investment with all your money. You can't be sure how the market is going to move. By holding some money back, you won't drown (lose everything) if the river (the market) is too deep.

"You use your money to buy privacy because during most of your life you aren't allowed to be normal." - Johnny Depp

This quote just seems so sad. Could it be that fame and fortune have its disadvantages? Perhaps the lesson from this quote would be to be grateful for your relative anonymity. Investing for your needs makes sense. But investing to have the most money in the world is not a good plan. You may find that money can create as many problems as it solves.

"Money and success don't change people; they merely amplify what is already there." - Will Smith

Will Smith gets to the heart of the matter with this quote. Many lottery winners have discovered that their inability to handle money well is not improved with their winnings. In fact they can end up with more problems. One meaning of this quote is to practice good money skills. Then when money and success come, you will do well.

"I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” - Steve Martin

A little humor can help, even with money. This quote is good for a laugh about how people spend their money. One person may find $300 socks outrageously expensive whereas another may find them a necessity. The big concern is if they can afford those socks. Knowing your needs and wants, and if you can afford them, is good money management.

"It is not wealth one asks for, but just enough to preserve one's dignity, to work unhampered, to be generous, frank and independent." - W. Somerset Maugham

Why do we invest? So that we may have money for the future to maintain dignity in our advancing years. So that we may choose when and how to work and acquire some independence. So that we may generously help those less fortunate.

What do you think? What meanings and inspiration do you find in these quotes?

My new eBook, Investing $10K in 2014 is now available on Amazon.

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