Financial Understanding Quotes

Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

People with low financial literacy standards are often unable to take their ideas and create assets out of them.

The hardest thing to understand in the world is the income tax.

It's better to do nothing with your money than something you don't understand.

Many people are in the dark when it comes to money, and I'm going to turn on the lights.

Comparatively few people know what a million dollars actually is. To the majority it is a gaseous concept, swelling or decreasing as the occasion suggests. In the minds of politicians, perhaps more than anywhere, the notion of a million dollars has this accordion-like ability to expand or contract; if they are disposing of it, the million is a pleasing sum, reflecting warmly upon themselves; if somebody else wants it, it becomes a figure of inordinate size, not to be compassed by the rational mind.

I'm so naive about finances. Once when my mother mentioned an amount and I realized I didn't understand, she had to explain: 'That's like three Mercedes.' Then I understood.

A child thinks 20 shillings and 20 years can scarce ever be spent.

Money honey, if you want to get along with me.

Some day there is going to be a man sitting in my present chair who has not been raised in the military services and who will have little understanding of where slashes in their estimates can be made with little or no damage. If that should happen while we still have the state of tension that now exists in the world, I shudder to think of what could happen in this country

There are a lot of examples where people aren't getting the right information. We could do a lot more with credit card bills so people properly understand that if you pay off the minimum it could take you 41 years to pay off is that right.

I happen to know a bit about banking.

There's an awful lot of us who don't quite speak finance, speak money.

I understand that finance can be very complex.

The Americans are clever. They thoroughly understand things that have to do with money, war, death, sickness. And there is also a real tradition of skepticism in this country.

Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.

Do you know how much a hundred dollars is?' he asked. I said that I did not and he answered, 'It is a hundred dollars.

My mum never understood how much I earned. When I told her I earned a million pounds a film, she said, 'How much is that?'

It's fine to seek professional help, but I urge everyone - no matter how big their portfolio - to truly understand every suggestion they're given before acting.

I never knew the word 'billion' when I was a kid.

I've always understood money; it's not a big mystical thing to me.

Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

I mean, I'm very serious with my kids about them comprehending the intricacies of global finance.

Money is the necessity that frees us from necessity. Of all novelists in any country, Trollope best understands the role of money. Compared with him even Balzac is a romantic.