Financial Literacy Quotes

Women's vulnerability around money is hardly exclusive to Africa. Throughout the world, women struggle with financial power. In the West, women's financial literacy is notably lower than men's. That lack of knowledge means that many women slide into poverty when they become widows. ~ Ann Cotton

I don't think there are any students who should not be exposed to a basic financial literacy course. ~ Ben Bernanke

And I also serve on a caucus that addresses financial literacy for young people in this country. And it is so hypocritical that we want to talk to these kids about how to better manage their money when we are not doing a good job with our Nation's resources. ~ Melissa Bean

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

Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement. ~ Ron Lewis

Dr. King organized the Poor People's Campaign in 1968 to shut down Washington, D.C. and force legislators to tackle poverty. His efforts to shift focus from civil to silver rights were interrupted by his untimely death. He fought ardently for Black rights, but he also recognized financial literacy as the key to an America that was truly free for all people. ~ John Hope Bryant

Without financial literacy, divorce rates soar, families rupture, and women stay with abusive men for financial security. A lack of jobs contributes to riots and illegal activity. Name any situation and it goes back to money. We need to focus on poverty eradication. ~ John Hope Bryant

The best trust you can ever give to your children is financial literacy ~ Mac Duke The Strategist

We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate. ~ Robert Kiyosaki

Any so-called 'radical' strategy that seeks to empower the disempowered in the realm of social reproduction by opening up that realm to monetisation and market forces is headed in exactly the wrong direction. Providing financial literacy classes for the populace at large will simply expose that population predatory practices as they seek to manage their own investment portfolios like minnows swimming in a sea of sharks. Providing microcredit and microfinance facilities encourages people to participate in the market economy but does so in such a way as to maximise the energy they have to expend while minimising their returns. Providing legal title for land property ownership in the hope that this will bring economic and social stability to the lives of the marginalised will almost certainly lead in the long run to their dispossession and eviction from that space and place they already hold through customary use rights. ~ David Harvey

Retired soldiers are the worst sufferers when they engage in financial operations. I have found that their credulity far exceeds that of widows--and that is saying a good deal. ~ Agatha Christie

If I had my choice, every high school would be teaching financial literacy along with math and science. ~ Gregory Meeks

Saying that financial literacy means diversification is just another example of the fox teaching the chickens. ~ Robert Kiyosaki

Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation ~ Robert Kiyosaki

I think the money for the solutions for global poverty is on Wall Street. Wall Street allocates capital. And we need to get capital to the ideas that are successful, whether it's microfinance, whether it's through financial literacy programs, Wall Street can be the engine that makes capital get to the people who need it. ~ Kabir Sehgal

While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues ... In other words, they don't have the financial literacy to scale their businesses and attract investors. ~ Daymond John

Financial literacy is not an end in itself, but a step-by-step process. It begins in childhood and continues throughout a person's life all the way to retirement. Instilling the financial-literacy message in children is especially important, because they will carry it for the rest of their lives. The results of the survey are very encouraging, and we want to do our part to make sure all children develop and strengthen their financial-literacy skills. ~ George Karl

Camfed graduates are active in their villages using their skills and resources to improve as many lives as possible. They are teaching financial literacy to marginalized women and bringing vital health care information to rural schoolchildren. Through example, they are demonstrating the power of philanthropy. ~ Ann Cotton

I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low. ~ James Surowiecki

A person either disciplines his finances or his finances disciplines him. ~ Orrin Woodward

…many currently profitable conventional farming methods would become uneconomical if their true costs were incorporated into market pricing. Direct financial subsidies, and failure to include costs of depleting soil fertility and exporting pollutants, continue to encourage practices that degrade the land ~ David R. Montgomery

[High income tax rates] not only check consumption but discourage investment and encourage ... the avoidance of taxes [rather] than the production of goods.[ ... ]Our present tax system ... reduces the financial incentives for personal effort, investment, and risk-taking. ~ John F. Kennedy

People have the false habit of putting an artificial gap between the spiritual and the financial. We cannot accept this habit because life is an integral whole which we should understand deeply. ~ Samael Aun Weor

Studies have consistently shown that financial hardship is the biggest obstacle to heterosexual marriage, yet the Republican leadership has done precious little to help address the financial hardship faced by American families. ~ Kendrick Meek

Financial illiteracy is like being in a rain storm and trying to jump in between the raindrops ... eventually it all catches you at the same time. ~ Johnnie Dent Jr.

If prices go down, we will have problems - problems in the sense of spillover to other areas, Greenspan said. While he hasn't seen such spreading yet, I expect to. ~ Alan Greenspan

I know you, I know you. You're the only serious person in the room, aren't you, the only one who understands, and you can prove it by the fact that you've never finished a single thing in your life. You're the only well-educated person, because you never went to college, and you resent education, you resent social ease, you resent good manners, you resent success, you resent any kind of success, you resent God, you resent Christ, you resent thousand-dollar bills, you resent Christmas, by God, you resent happiness, you resent happiness itself, because none of that's real. What is real, then? Nothing's real to you that isn't part of your own past, real life, a swamp of failures, of social, sexual, financial, personal...spiritual failure. Real life. You poor bastard. You don't know what real life is, you've never been near it. All you have is a thousand intellectualized ideas about life. But life? Have you ever measured yourself against anything but your own lousy past? Have you ever faced anything outside yourself? Life! You poor bastard. ~ William Gaddis

'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail. ~ Matt Taibbi

I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that widespread corrupt accounting will eventually create bad long term consequences as a sort of obverse effect from the virtue-based boost double-entry book-keeping gave to the heyday of Venice. I suggest that when the financial scene starts reminding you of Sodomand Gomorrah, you should fear practical consequences even if you like to participate in what is going on. ~ Charlie Munger

Given the complexity in strategy, governance and relationships involved in family business, one might marvel that a family ever emerges on the other side and wants to find a permanent way to continue together. But many families that have successfully accumulated significant wealth begin to search for a means to preserve it for present and future generations. One way to do so is to form a family office. Although definitions differ, a family office is generally organized to manage and leverage the family's collective wealth, with an emphasis on stewardship rather than growth. Stewardship implies a long-term view and looks at inherited wealth as something to be treasured and preserved, in real terms, for future generations of family. A sense of stewardship is a powerful motivator, in the first place, not to destroy the financial and philosophical legacy of the founder and, second and ideally, to extend the reach of these resources into the modern day. We are going to talk extensively ~ Joachim Schwass

No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts. ~ Jean Chatzky

As demand for cotton grew, slavery was considered indispensable as a means of maximizing profit for this labor-intensive staple crop. Equally important, as we shall see, slaves could be financed - that is, purchased on credit. In financial parlance this is called leverage. Planters had one objective: increased cotton production. Arguments about the optimum size of a cotton farm are irrelevant because of slavery's financing characteristic. Simply put, the goal was more cotton, which called for financing the purchase of more land and more slaves. Because a mechanical means of solving cotton's production needs did not exist until the mid-twentieth century, cotton demanded an endless supply of black bodies as long as the price of cotton permitted financing. The Northerner Frederick Law Olmsted, ~ Gene Dattel

The Federal Reserve, the Treasury, all the regulator agencies - if there's a problem of the financial mechanism in society, the only one to fix it is government. They've got a legitimate role. ~ Dick Cheney

Women take fewer financial risks than men do, but not because we're wusses. Both sexes secrete the hormone oxytocin in stressful situations, but women secrete more of it, which helps us stay calmer. ~ Jean Chatzky

We should resolve now that the health of this nation is a national concern; that financial barriers in the way of attaining health shall be removed; that the health of all it's citizens deserves the help of all the nation. ~ Harry Truman

We don't have the money in America to keep paying for the education of everybody else's children from around the world. We simply don't have the financial resources to do that. ~ Mo Brooks

If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment. ~ Sri Mulyani Indrawati

The families in positions of great financial power obsessively interbreed with each other. But I'm not talking about one Earth race, Jewish or non-Jewish. I'm talking about a genetic network that operates through all races, this bloodline being a fusion of human and reptilian genes. ~ David Icke

Old: Give me liberty or give me death. - New: Give me liberty or give me debt. ~ Orrin Woodward

Emotional Literacy means being able to recognise what you are feeling, so that it doesn't interfere with thinking. It becomes another dimension to draw upon when making decisions or encountering situations. Emotional expression by contrast can mean being driven by emotions, so that it isn't possible to think. These two things are often confused, because we are still uncomfortable with the idea of the validity of feelings. ~ Susie Orbach

I thought Sundays were supposed to be relaxing. As a male citizen of America, I'm entitled on Sundays to watch athletic men in tight uniforms ritualistically invade one another's territory, and while they're resting I get to be bombarded with commercials about trucks, pizza, beer, and financial services. That's how it's supposed to be; that's the American dream. ~ Kevin Hearne

Everything I have today is because of Africa, I was born here, went to school here, I work here and I'm achieving some level of financial comfort here ~ Tony Elumelu

Maybe we all need to leave our children with a value legacy, and not a financial one. A value for things with a personal touch - an autographed book, a soul-searching letter. ~ Lakshmi Pratury

The United States are ruled by a financial, media-centered, military-industrial apparatus. Behind Obama's grin, he orders bombings. He just displays a different image than Bush. That's how he expands U.S. global domination. ~ Nicolas Maduro

All I want to do, is write rock and roll that you could listen to as you got older, and it wouldn't lose anything; it would be timeless, in the subject matter and the literacy of the lyrics. ~ Lou Reed

Unlike Marvel, we are not setting up redundant organizations for expertise that exists. We will track all DC properties to measure financial success. ~ Diane Nelson

I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it. ~ Stephen Harper

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending. ~ Alan Greenspan

The only really effective means of enabling States to deal with the grave problem of poverty is to provide them with the necessary resources through foreign financial aid - public and private - granted under reasonable conditions, within the framework of international commercial relations regulated with fairness. ~ Pope John Paul II

Like the effects of industrial pollution and the new system of global financial markets, the AIDS crisis is evidence of a world in which nothing important is regional, local, limited; in which everything that can circulate does, and every problem is, or is destined to become, worldwide. ~ Susan Sontag

With the increasingly important role of intelligent machines in all phases of our lives
military, medical, economic and financial, political
it is odd to keep reading articles with titles such as Whatever Happened to Artificial Intelligence? This is a phenomenon that Turing had predicted: that machine intelligence would become so pervasive, so comfortable, and so well integrated into our information-based economy that people would fail even to notice it. ~ Ray Kurzweil

Newcomers to manuscripts sometimes ask what such books tell us about the societies that created them. At one level, these Gospel Books describe nothing, for they are not local chronicles but standard Latin translations of religious texts from far away. At the same time, this is itself extraordinarily revealing about Ireland. No one knows how literacy and Christianity had first reached the islands of Ireland, possibly through North Africa. This was clearly no primitive backwater but a civilization which could now read Latin, although never occupied by the Romans, and which was somehow familiar with the texts and artistic designs which have unambiguous parallels in the Coptic and Greek churches, such as carpet pages and Canon tables. Although the Book of Kells itself is as uniquely Irish as anything imaginable, it is a Mediterranean text and the pigments used in making it include orpiment, a yellow made from arsenic sulphide, exported from Italy, where it is found in volcanoes. There are clearly lines of trade and communication unknown to us. ~ Christopher De Hamel

We agreed that our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial stability. ~ Barack Obama

Blindly trusting financial experts is like trusting your chickens to Mr. Fox. ~ Robert Rolih

From the perspective of sixties radicals, who regularly watched antiwar demonstrations attacked by nationalist teamsters and construction workers, the reactionary implications of corporatism appeared self-evident. The corporate suits and the well-paid, Archie Bunker elements of the industrial proletariat were clearly on the same side. Unsurprising then that the left-wing critique of bureaucracy at the time focused on the ways that social democracy had more in common with fascism than its proponents cared to admit. Unsurprising, too, that this critique seems utterly irrelevant today.*

What began to happen in the seventies, and paved the way for what we see today, was a kind of strategic pivot of the upper echelons of U.S. corporate bureaucracy - away from the workers, and towards shareholders, and eventually, towards the financial structure as a whole.
__________
*Though it is notable that it is precisely this sixties radical equation of communism, fascism, and the bureaucratic welfare state that has been taken up by right-wing populists in America today. The internet is rife with such rhetoric. One need only consider the way that 'Obamacare' is continually equated with socialism and Nazism, often both at the same time. ~ David Graeber

All this stuff - about the materiality of the network, what it's made of, and how it works - should be part of a basic media literacy, because we depend on this technology for more and more aspects of our day-to-day lives. ~ Astra Taylor

Look at any financial institution, at any bank. They're all photocopies of each other. There's no diversity of institutions and even less diversity of currency. Therefore, just as you say its very logical that an ecosystem like this will collapse, it's very predictable a monetary system like this will collapse, too. And it hasn't finished collapsing, by the way. ~ Bernard Lietaer

One of the greatest gifts my father gave me - unintentionally - was witnessing the courage with which he bore adversity. We had a bit of a rollercoaster life with some really challenging financial periods. He was always unshaken, completely tranquil, the same ebullient, laughing, jovial man. ~ Ben Okri

But wishing our Kansas soldiers 'God speed' is not enough. We need to comfort, care for, and protect their families. And we should ease the financial burdens that these families often face. ~ Kathleen Sebelius

Financial markets need to become less, not more, efficient. ~ Ha-Joon Chang

Banking doesn't involve fraud, banking IS fraud.
(from video by Paul Grignon done for United Financial Consumers (2002) )
(Added to goodreads by Mike Tobin) ~ Tim Madden

While play-acting grim scenarios day in and day out may sound like a good recipe for clinical depression, it's actually weirdly uplifting. Rehearsing for catastrophe has made me positive that I have the problem-solving skills to deal with tough situations and come out the other side smiling. For me, this has greatly reduced the mental and emotional clutter that unchecked worrying produces, those random thoughts that hijack your brain at three o'clock in the morning.

While I very much hoped not to die in space, I didn't live in fear of it, largely because I'd been made to think through the practicalities: how I'd want my family to get the news, for instance, and which astronaut I should recruit to help my wife cut through the red tape at NASA and the CSA. Before my last space flight (as with each of the earlier ones) I reviewed my will, made sure my financial affairs and taxes were in order, and did all the other things you'd do if you knew you were going to die. But that didn't make me feel like I had one foot in the grave. It actually put my mind at ease and reduced my anxiety about what my family's future would look like if something happened to me. Which meant that when the engines lit up at launch, I was able to focus entirely on the task at hand: arriving alive. ~ Chris Hadfield

In our democratic society, the library stands for hope, for learning, for progress, for literacy, for self-improvement and for civic engagement. The library is a symbol of opportunity, citizenship, equality, freedom of speech and freedom of thought, and hence, is a symbol for democracy itself. ~ Vartan Gregorian

I support safeguarding users' personally identifiable information and sensitive data like health or financial records. I also believe the government has a responsibility to punish deceptive and unfair practices that defy reasonable expectations about consumers' privacy. ~ Marsha Blackburn

After that, Lily was recuperating and then
dealing with significant financial hardships. The
birth was described to me by Lily and also by
her obstetrician, who I spoke to myself yesterday.
The doctor, in his own words, remembers what
he describes as that 'hideous day' like it was yesterday.
The labour, intense and excruciating, lasted
for days. In the end, in extreme distress at
the length of the labour, the baby nearly died.
Lily did die. She was flatline for two minutes and
thirty-eight –"
Alistair didn't get the opportunity to finish his
grand statement because Nate surged out of his
chair so fast, it flew on its wheels and shot across
the room, slamming into the wall.
"Mr. McAllister…" Alistair said warningly
but Nate was coming swiftly around the table,
coming at her.
At this sight, Lily, too, jumped out of her chair
in a panic, her numbness not that complete, and
backed away in self-defence as Nate came at her,
came at her with purposeful, long strides. She
backed up jerkily, one hand behind her, one hand
in front, retreating until she hit the wall. Before
she knew what he was about, his hard chest came
up against her hand, pushing it back and his body
pressed against hers.
Terrified and confused at this sudden change,
she looked to the right and to the left, anywhere
for escape, anywhere but at Nate.
And to her shock, hi ~ Kristen Ashley

If you are not happy while getting rich, chances are that you will not be happy when you do get rich. ~ Robert Kiyosaki

Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial. ~ Ciputra