If money is your hope for independence you will never have it
You cannot motivate the best people with money. Money is just a way to keep score. The best people in any field are motivated by passion.
Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.
Photograph because you love doing it, because you absolutely have to do it, because the chief reward is going to be the process of doing it. Other rewards - recognition, financial remuneration - come to so few and are so fleeting...Take photography on as a passion, not a career.
I think it could have real changing effects on the financial markets of our country, it could cause investors to think more about real rates of return and that in turn could spawn new kinds of products.
We simply cannot afford any further delay in providing the IMF with the resources it requires to help contain the threat of further financial and political instability around the world.
Though debts are condemned in the financial world, the world of friendship and love may perversely depend on well-managed debts.
Do not leave yourself or your family unprotected against financial storms... Build up savings.
I urge you to live within your means. One cannot spend more than one earns and remain solvent. I promise you that you will then be happier than you would be if you were constantly worrying about how to make the next payment on nonessential debt.
Being a startup entrepreneur is not for everybody and it’s not the only desirable career choice. I also know that many people have families and cost obligations that don’t allow the kinds of financial risks associated with starting a company. And for others the hours, stresses and sacrifices in personal relationships are not worth it.
Remember that small steps can create giant leaps over time, so never think of any financial or spending matter as a small one.
We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.
I want parents to teach that academic intelligence is essential, but so is financial intelligence.
I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it.
The act of contributing to the lives of others is its own reward. A servant's heart is a greater motivator than financial gain.
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies.
Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.
Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.
Education is the foundation of success. Just as scholastic skills are vitally important, so are financial skills and communication skills.
Life's an offensive proposition from beginning to end. Maybe those who can't tolerate offense ought to just go ahead and end it all, and maybe those who demand financial compensation for offense ought to have it ended for them.
There are three cardinal rules - don't take somebody else's boyfriend unless you've been specifically invited to do so, don't take a drink without being asked, and keep a scrupulous accounting in financial matters.
Now, we are seeing many of these same companies face the truth about their financial standing. Congress is faced with the challenge of reforming our accounting industry and holding corporate executives responsible for their actions.
Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.
The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.
There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.
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