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Free Literature Study Guides
The Great Gatsby
Hamlet

Free Literature Study Guides
The Great Gatsby
Hamlet

Jean Chatzky Quotes

It doesn’t help to follow every rise and fall of your portfolio. It’s better to tune out the day-to-day shifts, in fact. But getting a handle on the larger picture will make you feel more secure, and that goes a long way in calming your fear.

– Jean Chatzky

Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years.

– Jean Chatzky

Couples that do save have stronger, more stable, less stressful unions. In other words, you don’t want to be fighting about saving; you just want to be saving, period.

– Jean Chatzky

Joining finances can be tricky. Money has long topped the list of topics couples fight about.

– Jean Chatzky

By definition, saving – for anything – requires us to not get things now so that we can get bigger ones later. That’s hard. Our brains are hard wired to prefer the here and now.

– Jean Chatzky

Whether it’s fly-fishing, taking your camper to the Everglades, or just traveling, everyone has got a little retirement dream.

– Jean Chatzky

Where wealth is concerned, individuals aren’t stuck in little boxes. You don’t start out wealthy, stay wealthy, and end wealthy.

– Jean Chatzky

Being charitable provides a boost to your psyche that is tough to replicate in any other way. But note that although any charity will happily take your money, you can give in other ways and still reap the same happiness reward. Volunteering and donating your old or unused belongings have the same result.

– Jean Chatzky

There are two things that you need to save for. First, you need an emergency cushion of no fewer than six months of living expenses. This needs to be cash in a liquid account where you can get at it in – yes – an emergency if you need it. In other words, money markets, not CDs. You also need to save for your future: that means retirement.

– Jean Chatzky

Every minute you spend looking through clutter, wondering where you put this or that, being unable to focus because you’re not organized costs you: time you could have spent with family or friends, time you could have been productive around the house, time you could have been making money.

– Jean Chatzky

When you’re setting up a budget, a general rule is to start with your fixed expenses – your housing and insurance payments, and car payment, if you own one.

– Jean Chatzky

You’ll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It’s called the avalanche method, and it gets you out of debt cheapest and fastest.

– Jean Chatzky

To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you’re throwing money away, perhaps. More money flowing to other financial objectives. Then consult the list when you have doubts.

– Jean Chatzky

I love a hotel that offers Wi-Fi Internet access, especially if it’s free. But I never access sensitive information, like my bank account or an online shopping site that stores my credit card information, on a public Wi-Fi connection.

– Jean Chatzky

By working toward a financial objective, you’ll start to see the money add up for retirement or the credit card balance go down. But it doesn’t have an immediate impact on your day-to-day life, and when it does – like when you’re pinching pennies to save more – the immediate impact could feel negative.

– Jean Chatzky

The older you are when you buy an annuity, the shorter your life expectancy will be – so the greater a monthly paycheck the same sum of money will buy you. When interest rates are higher, the size of the paycheck for the same sum of money will rise also.

– Jean Chatzky

Optimism is an expectation that good things are going to be plentiful. The wealthy generally have the sense that life will bring good rather than bad outcomes. That doesn’t mean they believe that good things will be omnipresent, but that they will outnumber the not-so-good.

– Jean Chatzky

If you have had the same dishwasher for 10 years or more, don’t bother repairing it. The average dishwasher is expected to last nine years, and you’ve most likely squeezed as much life out of it as you can.

– Jean Chatzky

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