Elaine Chao Quotes

I'm not a very good financing person. I don't even know how much money I have in my bank account. I never have opened one single envelope from the bank - they freak me out.

The people who know personal finance hide the money very carefully.

I have only ever borrowed money for investment. I have been sound money all my life.

If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.

The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.

Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.

I don't know if the money I've earned is going to need to last me for the next few weeks or the rest of my life.

I worked for twenty-some years with no capital, so I never had any liquidity. Managing my loans alone wouldn't do it, and working hard twenty-four hours a day seven days a week alone wouldn't do it. You have to be properly capitalized.

No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts.

If you're not staying on top of your money, you are putting your financial well-being at risk.

Financial security is crucial for your family, and I have a large family. Money does matter when you don't have it. When you need it, you realise the value of it. In that sense, money will always have value.

I'm not broke. Like everybody else, I owe money.

Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future.

You have to pretend that your life is a financial pleasure even when your autographs are bouncing.

You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

You've gotta have a healthy balance of keeping your eye on how much money is in your account and making sure that it can sustain a healthy, happy life.

I'd like Americans to save their money, and not get taxed on their savings.

If the cash runs out, it's like a heart attack for you and your business. Keep that front and centre of your mind, and you will have financial security and not be struggling to pay the bills.

I made money in my 20s, became sober in my 30s, looked around, and didn't know who I could trust for money advice.

Yeah I guess I don't want to end up being one of those stories where the guy ends up spending more than he has and owes money to the IRS and stuff like that. I just want to be able to take care of my family and live modestly.

I am naturally cautious so I guess I am a saver. I'm a firm believer in not borrowing money, which is a lesson passed down to me from my parents and grandparents.

Everyone has a salary. Everyone has hopes and dreams for where they can invest their money. Everyone wants to do the best they can with it, and they don't want to be subjected to any sort of predatory lending.

Today, there's no excuse for not learning how to get our financial houses in order. Some of us close our eyes, take a deep breath and say a prayer when it comes to managing our finances.

I've had to take out a couple of loans; I'm not gonna lie. I want to pay off my debts. I want to start stacking some cash and set myself up for the future.