5 famous finance quotes and how to apply them

first_img“Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.”-Henry FordThe father of American automobiles knows a thing or two about how to be successful. Many agree that investing in yourself is the best investment you can make. Higher education, certifications or seeking out experience are some good examples. I assume that you don’t own a global, industry leading company though, so I wouldn’t forego the saving.“The four most expensive words in the English language are, ‘This time it’s different.’”-Sir John TempletonSir Templeton made his living as a financial investor. He was a pioneer of modern money making who seemed to adapt Einstein’s definition of insanity to finance. His message here is not just applicable to stocks, but also habits after recovering from debt, bad credit and even bankruptcy. Never do the same things with your money when in the past those result have been less than desirable.“A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending.”-P. T. BarnumA business man, politician, author and one of the founders of the Barnum and Bailey Circus company, Phineas Taylor Barnum had a lot to say on money. Note that he also is quoted saying “there’s a sucker born every minute.” While his way of acquiring money may have been less than inspirational, no one can deny he knew how to save it. While getting yourself from the spending to saving mindset may be difficult, once you do it gets easier.“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”-Will SmithThe Fresh Prince himself provides an unfortunate social commentary on a large portion of our society. Never sacrifice your financial well-being to keep up with the Joneses. Buy things for youself, not for anyone else.Foul cankering rust the hidden treasure frets,
But gold that’s put to use more gold begets.-William ShakespeareI was a thespian in high school and for the most part loathed Shakespeare, but there were a few lines that have stuck with me. This line from Venus and Adonis is pretty powerful. Let me ‘translate’ it from Shakespearian for you. If you are to hold onto your money it will just rot away, of course gold doesn’t rust, but treasure that isn’t used is wasted. If you invest or lend it however, you will get a return. 96SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Detailslast_img read more

Toll rises from rain storms in China as student bus plunges into reservoir

first_imgTopics : But as of last Friday, there were 119 people dead or missing nationwide as a result of the rains storms, while the emergency ministry estimated economic losses to be in excess of 40 billion yuan ($5.70 billion).Guizhou, Anhui, Hunan and Hubei provinces were expected to record 250-280 millimeters (10-11 inches) on Tuesday, according to the China Meteorological Administration.With nearly 11 million students set to sit their college exams, the weather agency warned parents to heed forecasts and prepare school journeys carefully.Exams in some parts of Anhui province were postponed as a result of the worst flooding for 50 years, the local government reported.The city of Qianjiang in the central province of Hubei became the first city to issue a Level I flood response alert on Monday after roads and farmland were inundated.Authorities in Hubei and neighboring Hunan province have also issued orange flood alerts – the second highest – with some rivers 2-3 meters higher than warning levels, according to water ministry data.  A bus carrying high school students plunged into a reservoir on in southwest China on Tuesday, as days of torrential rain triggered flood warnings across large parts of the country and disrupted the first day of national college exams.In the central city of Wuhan, where the coronavirus epidemic first erupted in December, a record-breaking 426 millimeters of rain fell on Sunday, the official China Daily reported, and authorities were using giant pumps to remove water from the flooded roads.State broadcaster CCTV said the students on a bus that crashed into a reservoir in the city of Anshun in southwestern Guizhou province had been on their way to sit the college entry exams. The number of casualties had still to be confirmed.last_img read more

Syracuse basketball opponent preview: What to know about Virginia Tech

first_imgHow Syracuse beats Virginia Tech: Syracuse forces opponents to play the slowest brand of basketball in the country, and that greatly contrasts with Virginia Tech, a team that uses less than 16 seconds of the shot clock on average, per Kenpom. The Hokies don’t shoot the 3 ball well, so Syracuse should try and force them into taking long-range shots. That was something SU did a good job of against North Carolina earlier in January. The Orange can’t let LeDay have his way and it can’t let Allen go off like he has the past two games. If the Orange controls pacing and spacing, it shouldn’t be too hard to beat a Virginia Tech team that has proven itself to be quite beatable.Statistic to know: Virginia Tech doesn’t take or make many 3s. That is, except for Bibbs. The Hokies have made 123 3-pointers on the season, and Bibbs has made 49 of those. He shoots at a 50.5 percent clip, which is good for 13th in the nation.Player to watch: Allen, a point guard, has been the primary reason why Virginia Tech has thrived at the line. He’s taken 142 free throws this season, and has made 108 of those, including 50 of his past 61 (82 percent). He’s an awful 3-point shooter (28.3 percent), but his ability to generate scoring is why he’s been the catalyst for Virginia Tech in the past couple of games. Comments Published on February 1, 2016 at 10:35 am Syracuse (15-8, 5-5 Atlantic Coast) hosts Virginia Tech (12-10, 4-5) in the third game of a four-game home stand on Tuesday at 8 p.m. The Orange has won the first two over then-No. 25 Notre Dame and Georgia Tech to propel itself back into the thick of the ACC standings.Here’s everything you need to know about the Hokies.All-time series: Tuesday will mark the 10th all-time meeting. Syracuse is 7-2 in the first nine, and has won the last seven times dating back to 2000.Last time they played: Virginia Tech got ahead of Syracuse 63-50 with just over six minutes to play in the Carrier Dome on Feb. 3, 2015. Ron Patterson helped lead the charge back and Michael Gbinije scored six points in the final 37 seconds, including a game-winner right before the buzzer to win the game, 72-70.“One of the best plays in that situation that I’ve seen,” SU head coach Jim Boeheim said after the game.AdvertisementThis is placeholder textJustin Bibbs and Jalen Hudson combined for 37 points, while Gbinije and Trevor Cooney combined for 36.The next afternoon, Syracuse University announced a self-imposed postseason ban that barred the team from competing in the ACC tournament and NCAA Tournament in 2015.The Virginia Tech report: The Hokies, led by former Marquette head coach Buzz Williams, enter Tuesday night on a four-game losing streak. Their last win came against Georgia Tech on Jan. 16. Their signature of the season win came against Virginia at home on Jan. 4. That victory came amid a surprising 4-1 start to the conference season. Their worst losses include a home defeat to Alabama State and a 17-point drubbing vs. St. Joseph’s at Barclays Center.Virginia Tech features a fast-paced offense that looks to score inside and get fouled a lot — more than a quarter of its points come from the free-throw line, per Kenpom.com. Maryland transfer Seth Allen has been the Hokies’ best scorer of late, totaling a combined 54 points in VT’s past two games. Zach LeDay leads the team in scoring (16) and rebounding (8.1) and has stepped up after Chris Clarke went down with an injury in December. Related Stories Syracuse basketball roundtable: Syracuse’s ‘small’ lineup, Malachi Richardson and what Syracuse must proveSchneidman: The 3-pointer is no longer life or death for Syracuse basketballWhat we learned from Syracuse’s 60-57 win over Georgia TechMalachi Richardson closes out Syracuse’s win over Georgia TechGbinije closes out Syracuse’s comeback victory over Hokies with clutch crunch-time scoringcenter_img Daily Orange File Photo Facebook Twitter Google+last_img read more