Foster Friess Quotes

People who have money have an obligation. I wouldn't say I'm entitled to tell them what to do with it but to use it wisely.

If you have the good fortune of having money, it's almost an obligation to think creatively of ways of helping other people. But it shouldn't be in a haphazard way. You need a structure, a formula, so you don't give to everything.

As believers, we all have the responsibility to leverage our wealth for kingdom purposes.

With wealth comes responsibility.

Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.

If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.

If one has been blessed or have been fortunate enough to have got much more than normal wealth, it is but natural that one expects a certain fiduciary responsibility in terms of how that wealth is applied, used and leveraged for purposes of society.

A lot of wealthy people, they don't realize they have the alternatives of spending the money for good.

I believe that people of substantial wealth potentially create problems for future generations unless they themselves accept responsibility to use their wealth during their lifetime to help worthwhile causes.

I disagreed with Carnegie's ideas on how to best to distribute his wealth. I spent mine! Spending creates more wealth for everybody.

Money can add very much to one's ability to lead a constructive life, not only pleasant for oneself, but, hopefully, beneficial to others. My grandfather, along with Carnegie, was a pioneer in philanthropy, which my father then practiced on a very large scale. The Christian ethic played an essential part in my upbringing.

We have a new generation of very rich people who want to do more with their money than buy a lot of expensive toys. They want to live meaningful lives.

If a man has wealth, he has to make a choice, because there is the money heaping up. He can keep it together in a bunch, and then leave it for others to administer after he is dead. Or he can get it into action and have fun, while he is still alive. I prefer getting it into action and adapting it to human needs, and making the plan work.

We have so many rich people in Switzerland. They should take more responsibility for the general public. There is almost no tradition of philanthropy here anymore, unlike in the U.S.

People can just put their cash away and continue to make money and never give back because they just do not care, but I immediately felt obligated to use my influence for good things.

What's success all about? What's philanthropy all about? Let's think of our legacy, following in the footsteps of some great Americans like the Carnegies and the Mellons who used their wealth for quality purposes.

I have incredible wealth, and I think there's a great responsibility to use this position to do good stuff.

I will give away at least half my wealth during my lifetime and after my death. In the meantime, I'll continue to grow my wealth as much as possible so that the amount I bequeath to charities and worthy causes can be as substantial as possible.

There is no right or wrong way of giving. People in Los Angeles have made major contributions in different ways to the city: Eli Broad to art. David Geffen to hospitals. I'm not judgmental.

Sometimes you have to put back in the community.

Generous people can become more generous as they become richer, giving away vast fortunes to worthwhile causes as Bill Gates and Warren Buffett are doing.

Service to others seems the only intelligent choice for the use of wealth.

The challenge to people like me is, how do you use your capabilities and resources to help support things that are important to you, whether it's the arts or education or homelessness?

Today, we don't blink an eye when the world's wealthiest individuals donate enormous sums of money to charitable causes. In fact, we expect them to do so.

At least once a year, I meet with a group called the Giving Pledge. It's a group of billionaires - including me, Warren Buffett, Bill Gates, and Ted Turner - who have pledged to give away most of their money to charity. We meet for three days to talk about what we're doing to help make the planet a better place to live.