Financial Preparedness Quotes

It may take you months or even a few years to build up an adequate emergency savings fund. That's okay.

I'm not gonna buy something without planning. If I buy $100,000 worth of gold, I gotta put $100,000 aside for my family in case something happens. You look kind of stupid wearing all that gold and you didn't have no plan.

Cash combined with courage in a time of crisis is priceless.

If you put nothing away for retirement, I can tell you, to the last penny, how much you will have when you retire: nothing.

A grown man should always carry cash, right? I don't know who told me, but someone told me that a long time ago, and the biggest turnoff is when a guy doesn't have cash on him.

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.

This is always one of my big pet peeves is that 65% of NBA players, three years out of the NBA, are broke. I mean, so, maybe maturing a little more on the front end and getting an education might serve you well down the road.

A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

There is a portent of stormy weather ahead to which we had better give heed...No one knows when emergencies will strike...Set your houses in order. If you have paid your debts, if you have a reserve, even though it be small, then should storms howl about your head, you will have shelter for your wife and children and peace in your hearts. That's all I have to say about it, but I wish to say it with all the emphasis of which I am capable.

Never allow yourself to get caught without a loose million handy.

I want to be prepared to claim the greatest virtue of all - that I was a man who made money

Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not.

Save 3-6 months of expenses in a Rainy Day fund. Know why? Cause it is going to rain, and you aren't the exception.

It's not so unusual to run out of someone else's currency.

The current institutionally provided retirement plans will not cover people's needs upon retirement.

For over forty years, in a spirit of love, members of the Church have been counseled to be thrifty and self-reliant; to avoid debt; pay tithes and a generous fast offering; be industrious; and have sufficient food, clothing, and fuel on hand to last at least one year. Today there are compelling reasons to reemphasize this counsel.

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.

My son did not show signs of a money deficiency until he opened his small fist in the nursery and found it was empty.

In my opinion, the United States and many Western nations have a financial disaster coming, caused by our educational system’s failure to adequately provide a realistic financial education program for students.

He that hath money in his purse cannot want a head for his shoulders.

Start buying gold now, regardless of the price. By acting now, you will not have to react when it's too late. Too late will be when the majority of the public finally figures out what is happening to paper money and frantically tries to get aboard. Remember, if you're one of the ones holding paper in the end, you will have given away your products and services for nothing.

If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.

Most people consider me an optimist because I laughingly state that I would take my last two dollars and buy a money belt.

People with financial plans are much more likely to feel prepared, even in tumultuous times. They're more likely to feel that their dreams and goals are secure. And, oh yes, they do actually save significantly more.