quotations about wealth
A common misconception about building wealth is that it's only possible with a high income. While a growing income obviously makes things easier, the preconception that it's absolutely necessary ends up missing the core idea of wealth accumulation. A bigger paycheck helps only if that money is being used optimally. We all know of various celebrities that have squandered millions of dollars and declared bankruptcy because of poor spending habits. Instead, building wealth is about making more than you consume, and then saving the difference. This means that the equation can be tackled on both sides of the spectrum, and that almost anyone can take steps to be more financially secure if they make smarter choices with their expenses.
MIKE MOZART
"Is it Possible to Build Wealth on Minimum Wage?", Equities, April 4, 2017
I call this inequality toxic because, over time and generations, it builds upon itself. Wealth and race map together to consolidate historic injustices, which now weave through neighborhoods and housing markets, educational institutions, and labor markets, creating an increasingly divided opportunity structure. So long as we have entrenched wealth inequality intertwined with racial inequality, we cannot even begin to bend the arc toward equity.
THOMAS M. SHAPIRO
"How Did America's Wealth Inequality Reach This Level of Toxic?", AlterNet, April 11, 2017
The aspiration to wealth is deeply understantable. Getting high income from a good job is all well and good, but because wealth begets more wealth -- people are compensated simply for owning things -- wealth is, potentially, forever. It persists, and spreads through families and dynasties. Wealth can, and often does, endure for generations.
STEVE ROTH
"New Data Reveal the Depressing Truth About How Wealth Is Amassed in America", AlterNet, January 6, 2017
Great wealth may be to its owner a blessing or a curse. Alas! I fear it is too often the latter. It hardens the heart, blunts the finer susceptibilities, and transforms into a fiend what under more favourable circumstances might have been a human being.
ARNOLD BENNETT
A Question of Sex
While some multimillionaires started in poverty, most did not. A study of the origins of 303 textile, railroad and steel executives of the 1870s showed that 90 percent came from middle- or upper-class families. The Horatio Alger stories of "rags to riches" were true for a few men, but mostly a myth, and a useful myth for control.
HOWARD ZINN
A People's History of the United States
Competition, founded upon the conflicting interests of individuals, is in reality far less productive of wealth and enterprise than co-operation, involving though it does the constant apparent sacrifice of the individual to the common interests.
ROBERT HUGH BENSON
A City Set on a Hill
Some people who have a lot of money like to show it off. They buy large houses, expensive cars, and all the toys you can imagine. But others keep their affluence on the down low. They don't look any different from anyone else, but they have some serious cash stashed away. These folks have what is known as stealth wealth. They are worth way more than they appear to be, and they often manage to retire early or follow their dreams in some other way that surprises the people around them -- people who never realized they had that kind of money.
SARAH WINFREY
"5 Reasons Stealth Wealth Is the Best Wealth", WiseBread, March 24, 2017
Wealth--the most excellent of all gods.
ARISTOPHANES
Plutus
Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand. They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different.
F. SCOTT FITZGERALD
"The Rich Boy"
Riches naturally gain a man a favourable reception in the world, and give merit a double lustre, when a person is endowed with it; and supply its place, in great measure, when it is absent. Tis wonderful to observe what airs of superiority fools and knaves, with large possessions, give themselves above men of the greatest merit in poverty.
WELLINS CALCOTT
Thoughts Moral and Divine
It is doubtful if even experience of riches and success is as intense among those who have experienced nothing else as among those who have also experienced poverty and failure. There is little romance in wealth to those who have been born wealthy and whose families have been wealthy for generations.
ROBERT WILSON LYND
The Little Angel: A Book of Essays
To remain secure and prosperous themselves, wealthy nations must extend the kind of cooperation to the less fortunate members that will inspire hope, confidence and progress. A rich nation can for a time, without noticeable damage to itself, pursue a course of self- indulgence, making its single goal the material ease and comfort of its own citizens--thus repudiating its own spiritual and material stake in a peaceful and prosperous society of nations. But the enmities it will incur, the isolation into which it will descend, and the internal moral and physical softness that will be engendered, will, in the long term, bring it to disaster.
DWIGHT D. EISENHOWER
State of the Union Address, January 7, 1960
Great wealth and great poverty will disintegrate a nation in about the same time.
LEWIS F. KORNS
Thoughts
If you do not appreciate what you now have you will never appreciate what you will have.
LEWIS F. KORNS
Thoughts
The secret of great fortunes without apparent cause is a crime forgotten, for it was properly done.
HONORE DE BALZAC
Père Goriot
Titles, riches, and fine houses signify no more to the making of one man better than another, than the finer saddle to the making the better horse.
WELLINS CALCOTT
Thoughts Moral and Divine
Wealth has never the value to its possessor as it is supposed to have by an avaricious admirer.
ANTHONY LISLE
The Westminster Review, January 1914
Wealth is an engine that can be used for power, if you are an engineer; but to be tied to the fly wheel of an engine is rather a misfortune.
ELBERT HUBBARD
The American Bible
Riches have never fascinated me, unless combined with the greatest charm or distinction.
F. SCOTT FITZGERALD
letter to Ernest Hemingway, August 1936
Our wealth is often a snare to ourselves, and always a temptation to others.
CHARLES CALEB COLTON
Lacon