We put together some of our favorite quotes that motivate us and help us think about our financial and life goals in new ways. Our hope is that you’ll read through them and be inspired to take action in your own life to make positive financial changes and start new habits that will help you achieve your goals.
1. “A simple fact that is hard to learn is that the time to save money is when you have some.” – Joe Moore
Saving money in case of emergencies or to accomplish financial goals, like buying a house or car, is crucial to do as early as possible. If you start saving just a small amount each month it will add up and if you decide to cut costs and take side jobs to make more money you’ll be in an even better situation. But we know that sometimes it just isn’t possible to save, especially in these difficult times. If you are struggling financially or just want to boost your savings, read 8 Creative Ways To Jump-Start An Emergency Fund.
2. “You must gain control over your money or the lack of it will forever control you.” – Dave Ramsey
You control your own life. If you aren’t 100% satisfied with how you are managing your finances, then it’s time to dig into them and see what you can do starting today to improve your finances. Creating a budget will help you see where your money goes currently and help you decide how you should be spending it as well as where you can cut costs. Read 5 Steps To Creating A Monthly Budget.
3. “Money is good for nothing unless you know the value of it by experience.” – PT Barnum
Money doesn’t grow on trees….that saying you may have heard as a child still rings true today. It’s difficult to understand the value of money until you are in a situation where you don’t have enough. Currently with so many people laid off and furloughed due to the Coronavirus pandemic, many of us are learning firsthand the value of money. Don’t wait until you realize that you don’t have enough money to pay attention to it and start managing it more effectively.
4. “You can be young without money but you can’t be old without it.” – Tennessee Williams
Although retirement savings might be the last thing on your mind, when things go back to normal after this global crisis try to remember this quote. Start saving for retirement as early as you can. In your 20s and 30s it’s hard to make this a priority, but your future self will thank you. Set up your 401(k) through your employer and max out the employee match if your employer has one. If you don’t have a 401(k), then set up an IRA. To learn more, read Start Saving For Retirement In Your 20’s: Here’s Why & How.
Learn about different types of bank accounts to find the right one for your lifestyle to help you reach your financial goals.
5. “Success is a habit. More of what you do is more of what you become.” – Joel Brown
One of our all time favorite quotes here at The Loaded Pig. Most of us think of success as being a destination. Something you are trying to achieve in the future. In reality, being successful is a habit. Take pride in everything you do and be the person you envision when you think about success. Think long and hard about what success means to you and how you can reach it. It won’t come easy and it usually does not come quickly. If you can change your mindset to believe that to accomplish your goals you need to take steps toward it day in and day out, then you will be more disciplined and get to your goals faster. Read 10 Habits To Make You More Successful.
6. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” – Colin Powell
We all have the means to achieve success within us. The difference between the people who do and those who fall short is their mindset. Learn from your mistakes and let it fuel you to keep trying. Work harder than others until you get to where you deserve to be.
7. “Financial freedom begins with good habits.” – The Loaded Pig
The habits that lead to financial freedom are endless. But a couple worth mentioning are creating and sticking to a budget and saving money each month for financial goals. These habits help you accomplish your financial goals which ultimately lead to financial freedom. So think about the financial goals you want to reach, like paying off debt, buying a car or a house, or saving for an emergency fund. Then be mindful of the actions you must take to get there and use your habits to accomplish those goals.
8. “Define success on your own terms, achieve it by your own rules, and build a life you’re proud to live.” – Anne Sweeney
What does success mean to you? A successful life may have different aspects in it ranging from personal or professional success to financial success. You have the power to decide what success means and how to get there. Make it count.
9. “A budget is telling your money where to go instead of wondering where it went.” – John C. Maxwell
A big part of creating a budget is logging all of your expenses from the last calendar month and categorizing them to see where you are spending your money. This is so important because we might not notice how that $5 latte each morning adds up to over $100 a month. There are a few budgeting techniques that can help you decide how much of your income you should be spending on needs, wants and savings. The trick is to pick one, try it for a month or two and then adjust as needed so that it works for your lifestyle. Read 3 Simple Budgeting Techniques To Improve Your Finances.
10. “Look everywhere you can to cut a little bit from your expenses. It will all add up to a meaningful sum.” – Suze Orman
You can find many ways to cut costs in order to reach your financial goals. Whether you start shopping at a value supermarket or start using coupons, your grocery costs can certainly be lowered by being more mindful. Look through your credit or debit card charges to find monthly recurring costs like subscription services or cable. Consider if they are really worth the cost and what alternatives are out there that may provide more value. For more ways to cut costs, read 9 Ways You’re Losing Money Without Even Realizing It.
Hopefully a few of these quotes resonated with you and spoke to you on a level that will cause you to reach for your goals and take action.
Share this with someone who you think would benefit from some motivation!