quotations about wealth
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
A man can hardly be said to have made a fortune if he does not know how to enjoy it.
LUC DE CLAPIERS, MARQUIS DE VAUVENARGUES
Reflections and Maxims
In my seasoned experience as a grouchy broke person, and my many years of coaching countless people on the topic of wealth, I've discovered that few things make people want to fight, vomit, or ask for their money back more than telling them that one must be rich to be successful and complete.
JEN SINCERO
You Are a Badass at Making Money: Master the Mindset of Wealth
There's a common misconception that wealth is a fixed pie, and that therefore for one person to have a lot of wealth requires somebody else to have less (the narrative often goes that wealthy people stole their wealth from poor and middle class people) ... [but] wealth can grow, so that even if someone's percentage of the pie remains the same, they will benefit from that individual slice getting bigger.
IAN TARTT
"Bernie Sanders on the Koch Brothers and Libertarian Ideas", The Libertarian Republic, April 18, 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
Some people aren't meant to be rich. It's like when Babe Ruth was the greatest home run hitter. There had never been anybody like him, and his teammates would ask, "Babe, Babe, how do you hit the long ball?" And he'd say, "I don't know, man. I just swing at it." I see it like that. It's just something you have, something you're born with. Many people don't have the ability to be rich, because they're too lazy or they don't have the desire or the stick-to-itiveness. It's a talent. Some people have a talent for piano. Some people have a talent for raising a family. Some people have a talent for golf. I just happen to have a talent for making money.
DONALD TRUMP
Playboy, October 2004
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
Wealth--the most excellent of all gods.
ARISTOPHANES
Plutus
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
So long as all the increased wealth which modern progress brings goes but to build up great fortunes, to increase luxury and make sharper the contrast between the House of Have and the House of Want, progress is not real and cannot be permanent.
HENRY GEORGE
Progress and Poverty
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
A man is rich whose income is larger than his expenses, and he is poor if his expenses are greater than his income.
JEAN DE LA BRUYÈRE
"Of the Gifts of Fortune", Les Caractères
Wealth is a tool of freedom. But the pursuit of wealth is the way to slavery.
FRANK HERBERT
God Emperor of Dune
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
Get rich or die tryin'.
50 CENT
Get Rich or Die Tryin'
Our wealth is often a snare to ourselves, and always a temptation to others.
CHARLES CALEB COLTON
Lacon
The wise man knoweth where to stop, as he runneth in the race of fortune,
For experience of old hath taught him, that happiness lingered midway;
And many in hot pursuit have hasted to the goal of wealth,
But have lost, as they ran, those apples of gold--the mind and the power to enjoy it.
MARTIN FARQUHAR TUPPER
Proverbial Philosophy
Envy wealth for its power of good, not ill.
EDWARD COUNSEL
Maxims
When Wealth walks in at the Door, the Press Agent comes in through the Window.
GEORGE ADE
"The Through Train", Knocking the Neighbors
Successfully navigating wealth is a bit like flying a jetliner -- two, well-matched wings are required. One strong and one weak wing won't do; failure of either wing is catastrophic. In many families that flounder, the "planning wing" has received disproportionate attention -- trusts are established, advisors are in place, tax strategies are adopted and investment approaches are calibrated. The planning is superb. But, these complex structures comprise only one wing of the plane, and the other is equally important: family "culture."
MATTHEW WESLEY
"Wealth Planning Structures Must Match Family Cultures", Wealth Management, April 5, 2017