Good Money Management Quotes & Sayings

A good list of questions to ask your advisor will include the following: Where will my money be held? Right answer: Somewhere else! Are you a broker? Right answer: No! Are you a dually registered advisor? Right answer: No! Do you or any affiliate have proprietary investments of any kind? Right answer: No! How are you compensated? Right answer: Total disclosure in writing and never make commissions on any investment product. What are the credentials of you and/or your team? Right answer: If planning is involved, a CFP is ideal to have on the team. What is your planning and investment management approach? Right answer: The firm should follow a coherent philosophy rather than a bunch of different strategies (unprincipled) and should follow an approach that does not involve market timing or active trading. — Peter Mallouk

For the existing enterprise, whether business or public-service institution, the controlling word in the term 'entrepreneurial management' is 'entrepreneurial'. For the new venture, it is 'management'. In the existing business, it is the existing that is the main obstacle to entrepreneurship. In the new venture, it is its absence. The new venture has an idea. It may have a product or a service. It may even have sales, and sometimes quite a substantial volume of them. It surely has costs. And it may have revenues and even profits. What it does not have is a 'business', a viable, operating, organized 'present' in which people know where they are going, what they are supposed to do, and what the results are or should be. But unless a new venture develops into a new business and makes sure of being 'managed', it will not survive no matter how brilliant the entrepreneurial idea, how much money it attracts, how good its products, nor even how great the demand for them. — Peter F. Drucker

A good way to figure out how likely it is that the directors are sucking money out of a company is to draw a chart with each director's name in a box. Read through the Management section, and each time you identify a professional or personal connection between two directors, connect their boxes with a line. If you also happen to know about other relationships between directors, for instance one director is married to the other director's daughter, or one director is an old college buddy of another director, you can draw a line in there as well. If, upon completion, the chart looks like a spider web then hold on to your wallet. — Peter Troob

Planning is the essence of good management and when it comes to health care we must allow states to plan for future needs. We need to cement this federal commitment to Alaskans so the state has the assurance that money vital for providing Medicaid health care will not just dry up and disappear. — Lisa Murkowski

Muslim scholars have clarified that two basic conditions must be fulfilled for the acceptance of righteous deeds. Firstly, the intention must be to perform those deeds for Allah's sake alone, without any showing off or desire to gain praise or fame. Secondly, such deeds must be performed in accordance with the Sunnah of Allah's Messenger (sa) — Mohammad Rahman

another drawback is inadequate training. Management training on a regular basis is a sine-qua-non for good performance in management. The principles of management are basically the same as they involve men, money and materials. Applications vary slightly depending on the nature of what is being managed, at what level and for what purpose. New ideas, innovations and new practices may emerge from time to time which a manager needs to be conversant with. Otherwise he will be way behind or even obsolete. Training and exposure act as tonic for renewal and reshaping of a manager. There can be no adequate substitute for such training, interaction and exposure until one ceases to be an active manager. To think that once one is in management position, there is no further need for training through formal and informal interaction and exposure is, I believe, the height of folly. — Olusegun Obasanjo

Learning, like money, may be of so base a coin as to be utterly void of use; or, if sterling, may require good management to make it serve the purposes of sense or happiness. — William Shenstone

I've worked since it was basically legal to work. I was a waitress on and off for eight years. I worked at Sears; I worked at Abercrombie folding clothes. My dad really instilled good money management habits, and I've saved 10 percent of my paycheck, every paycheck, since I was 15. — Rosanna Pansino