Tuesday, March 11, 2008

Values (going back to the basics)


1. SIMPLE PATHS ARE NOT ALWAYS EASY TO FOLLOW “Investing is simple, but not easy.”—Warren Buffet, interview on CNBC W/Maria

2. KNOWLEDGE, EXPERIENCE, AND ABILITY—NOT MONEY—BRINGS INDEPENDENCE “If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” - Henry Ford (1863-1947), An American Industrialist

3. FINANCIAL FREEDOM WILL NOT “JUST HAPPEN” “Find the bull’s-eye. Chances are you’ll never achieve financial freedom unless you first define it and then become tunnel-visioned pursuing it.” - Jeanne Sahadi, CNN/Money Senior Staff Writer

4. SLAVERY IS THE CONSEQUENCE OF ECONOMIC DEPENDENCE “The essence of all slavery consists in taking the product of another’s labor by force. It is immaterial whether this force be founded upon ownership of the slave or ownership of the money that he must get to live.” - Leo Tolstoy

5. PROSPERITY IS ABOUT A PARADIGM—IT’S NOT ABOUT MONEY “Prosperity is a way of living and thinking, and not just money or things. Poverty is a way of living and thinking, and not just a lack of money or things.” -Eric Butterworth

6. MEN ARE EITHER MASTERS OR SERVANTS OF MONEY, WHICH WILL YOU BE? “If money be not thy servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him.” -Francis Bacon

7. INTEREST NEVER SLEEPS “Interest never sleeps nor sickens nor dies; Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.” - J. Rueben Clark, 1938

8. DEBT GIVES OTHERS POWER OVER YOUR LIBERTY “Think what you do when you run in debt; you give to another power over your liberty.” - Benjamin Franklin

9. LACK OF MONEY IS A “SYMPTOM,” NOT A CAUSE “No complaint, however, is more common than that of a scarcity of money. Money, like wine, must always be scarce with those who have neither wherewithal to buy it nor credit to borrow it. Those who have either will seldom be in want either of the money or of the wine which they have occasion for.” -Adam Smith

10. PEOPLE ARE OFTEN OBLIVIOUS TO FINANCIAL CONSEQUENCES “It is amazing to me that so many people work all of their lives for the grocer, the landlord, the power company, the automobile salesman, and the bank, and yet think so little of their own efforts that they pay themselves nothing.” - L. Tom Perry

11. 1/4 OF THE TIME MOST MEN’S WORK IS SUFFICIENT “One-third or one-fourth of the time that is spent to procure a living would be sufficient, if your labor were rightly directed. People think they are going to get rich by hard work—by working sixteen hours out of the twenty-four; but it is not so. A great many of our brethren can hardly spend time to go to meeting. Six days is more time than we need to labor.” - Brigham Young

12. LACK OF SELF-RELIANCE DESTROYS INDIVIDUALITY “Nothing destroys the individuality of a man, a woman, or a child as much as the failure to be self-reliant.” - Relief Society Magazine, Oct. 1937, p. 627

13. LACK OF SELF RELIANCE DESTROYS PERSONAL AGENCY “Man cannot be an agent unto himself if he is not self-reliant [...] independence and self-reliance are critical keys to our spiritual growth. Whenever we get into a situation which threatens our self-reliance, we will find our freedom threatened as well. If we increase our dependence, we will find an immediate decrease in our freedom to act.” - Marion G. Romney, “The Celestial Nature of Self-Reliance” Tambuli, Oct. 1984, p. 1

14. SELF-RELIANCE BRINGS PEACE AND CONTENTMENT “If there is any one thing that will bring peace and contentment into the human heart and into the family, it is to live within our means [sic]. And if there is any one thing that is grinding and discouraging and disheartening, it is to have debts and obligations [...] one cannot meet.” - Heber J. Grant

15. FINANCIAL FREEDOM IS THE CORRECT ORDER OF LIFE “[...] pay thy debt and live [...]” - 2 KINGS 4:7

– FRANKLINSQUIRES (from http://www.franklinsquires.com/overview.htm )


No comments: