Balancing your money is the key to having enough.

Elizabeth Warren
About This Quote

Balancing your money is the key to having enough. This statement is somewhat true, but not entirely accurate. The key to having enough money is to earn a good salary and spend the little bit of the earnings you have wisely. A balanced budget can be a sign of a bad situation rather than a good one.

Likewise, it’s not the balance of your checking account that will make you rich or poor, but your ability to invest wisely and earn a return on that investment. In other words, if you put all your money in a savings account earning 1% interest for twenty years, you will end up with $1,200. If you put all your money in a savings account earning 5% interest for twenty years, you will end up with $50,000 in twenty years.

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