Principle: Never spend it all. Your second financial enemy is fear — fear of poverty, fear of running out of money, fear of losing your job, or any number of money-related fears. The antidote for fear is saving.
— Mary Hunt, Debt-Proof Living

Most of us believe, or deceive ourselves into believing, that we need about $1,000 to $1,500 a month less than we actually do need to go on living the exact same way we live right now. Surprisingly, this figure seems to vary only a little bit regardless of income levels. If a client writes down […]

Living in debt is nerve-wracking, insomnia-producing, and family-wrecking. Just don’t do it. There is nothing you can buy that feels as good as being in debt feels bad.
— Ben Stein

Here’s my problem with taking on debt: I have a profound respect for the unknown. For instance, my husband and I work for ourselves. This is an excellent way to avoid ruthless bosses and layoffs. But if one of us were to get injured or become ill, it would be pretty hard to keep business […]

Learning to save is a lot like running a marathon — you need to build up to it by training gradually. It’s too overwhelming to go from saving nothing to saving $2,700 a month, so you need to start slowly and keep it simple.
— David Bach; Yahoo! Article: “Tools for Personal Finance Empowerment”

Most Americans are very optimistic. They think things will always get better from here, they’ll make more money, they won’t have any emergencies. Credit has become so ingrained in the culture that so many people can’t imagine living without it. Once you decide you’re never going to be out of debt, you can afford anything.
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In the new world of unregulated lending, families are barraged with advertisements and offers for a new product:  all the debt they could ever want, and more.  Now, in a single year, more than five billion preapproved credit card offers — totaling over $350,000 of credit per family — pour into mailboxes all across America.
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Money exposes the differences in our personalities, the ways we were brought up, our money beliefs, and goals. The way we think about money and what we do with it reflects what we believe about it. But money issues are buried so deeply in our emotions, it is often difficult to know what we believe […]

So, if you’re angry, one of the best things you could ask yourself is, “How can I learn from this problem so that this never happens again?”  This is an example of a quality question, in that it will lead you from your current challenge to finding resources that can keep you from having this […]

If you’re not powerful with your money, you are not powerful.
— Suze Orman, Interview on Larry King Live, 2007-02-27

The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.
— Marcel Proust