5 Superb Quotes That Shows Importance of Saving Money

"Famous Writings Collections" - Part 35 compiled by Shri. Gopalkrishna Vaidyanathan Iyer (G.V. Iyer)

1) Knowing is not enough; we must apply, willing is not enough; we must do. - Johann W. Goethe

Meaning - Just having knowledge will not take you anywhere unless you put that into action.

2) Success is single. Do what is right, the right way at the right time. - Arnold H. Glasgow

Meaning - Even though you have a team or family to support you to succeed, at the end of the day, your efforts only matter. So, just take the right decision at the right moment and walk on the ethical path.

 

3) It is not your salary that makes you rich, it's your spending habits. 

Meaning - If you think having a bank balance attained by your higher salary will make you rich, then you are mistaken. It is your lifestyle, savings, and expenses that help you to accumulate long-term wealth.

4) The rule of thumb for creating wealth is Earn, Save, Spend. 

 Meaning - If you want to make wealth, then just follow these three steps and that is to focus on how much you earn, then see how much you can save, and then be minimal in your spending.

5) Saving creates wealth. Spending destroys it. If we save first, we would create wealth. If we spend first, not only will we create a barricade to enhancing wealth, but we will also destroy what has been created. The barricade to our wealth creation is not taxes, inflation, salary or market conditions. The obstacles are our habits of procrastination and spending.

Meaning - The more you keep delaying to save your wealth, the more you will go on spending on unnecessary items thus, reducing your wealth creation plans.