Will Rogers once said, “Too many people spend money they haven’t earned to buy things they don’t need to impress people they don’t like.”
♣ A college professor imparted this advice to Paul Tran, founder of Point B Capital Corp., in Orange County, Calif. “It makes me think twice about buying things I’m a little too excited about,” he says.
♣ “A piece of advice that I learned from my father and that I constantly try to impart to my children is, ‘There are two ways to get a lot of money. Earn a lot, or don’t spend all that you earn,’ ” says Bill Hettinger, principal with the Institute for Finance and Entrepreneurship, Windham, Conn., and author of Finance Without Fear.
♣ “My grandfather coined the expression, ‘There are times when a buck is like a hundred and a hundred is like a buck. Keep your head on straight each time,’ ” says Brent Mekosh, branch principal with Mekosh Financial Services in Scottsdale, Ariz. “The lesson? Live as if you will die tomorrow, but plan as if you will live forever.”