I have a fear of poverty in old age. I have this vision of myself living in a skip and eating cat food. It's because I'm freelance, and I've never had a proper job. I don't have a pension, and my savings are dwindling. I always thought someone would just come along and look after me.
Never invest emergency savings in the stock market.
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
The San Francisco Stock Exchange was the place that continuously pumped up the savings of the lower classes into the pockets of the millionaires.
If you got a dollar, soak it away, put it in a savings bank, bury it, do anything but spend it. Spending when we didn't have it put us where we are today. Saving when we've got it will get us back to where we was before we went cuckoo.
There is no tool for development more effective than the education of girls and the empowerment of women. . . When women are fully involved, the benefits can be seen immediately: families are healthier; they are better fed; their income, savings, and reinvestment go up. And what is true of families is true of communities and, eventually, whole countries.
[On retirement savings:] Gone today, here tomorrow.
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
It was shocking to realize how many low-income Americans don't have savings accounts.
This is another area in which savings can also be moved from wasteful - like the F-35 weapons system that will cost us $1. 5 trillion by the time it's done and it's obsolete, you know, it's a weapons system - as well as this global military infrastructure, which is unlike anything the world has ever known at any time.
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Advanced Courses [in Scientology] are the most valuable service on the planet. Life insurance, houses, cars, stocks, bonds, college savings, all are transitory and impermanent. . . There is nothing to compare with Advanced Courses. They are infinitely valuable and transcend time itself.
The housewife is an unpaid worker in her husband's house in return for the security of being a permanent employee: hers is the reductio ad absurdum of the employee who accepts a lower wage in return for permanence of his employment. But the lowest paid employees can be and are laid off, and so are wives. They have no savings, no skills which they can bargain with elsewhere, and they must bear the stigma of having been sacked.
More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.
Corporations never actually mention 'money'; that would be vulgar. They prefer such words as 'turnover,' 'profit,' 'salary,' 'revenue,' 'budget,' 'premium,' and 'savings,' all much more refined.
If I could take my entire savings in place of something, I’d chose time.
Business is about problem-solving, but it does not always have to be about maximizing profit. When I went into business, my interest was to figure out how to solve problems I see in front of me. That's why I looked at the poverty issue. I got involved in lots of things to address it, and one of them was money lending with loans and credits and savings accounts, and in the process I created Grameen Bank. So you can also have social objectives. Ask yourself these questions: Who are you? What kind of world do you want?
Maybe if you and ten of your friends could pool your savings and borrow some money and actually buy some obscure station in Sonoma, and then take some chances and have some fun.
If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.
There are not a ton of people buying cars - cars are expensive. So people usually go for the cheapest car they can get. And if the price of gasoline falls again, it makes the savings that you get with an electric car harder to realize.