FOOLS AND THEIR MONEY

A fool and his money are my best friends.
— Author Unknown

It can be said that fools and their money are soon parted. The million-dollar question is: "How did they get together in the first place?" Here are some examples of how fools and money get together and how they part.

• Lotteries allow fools and money to get together.  In 2008 Scots Lottery millionaire John McGuiness had run out of cash just 12 years after winning £10 million (over $20 miilion). 
• Inheritances are another way that fools and money get together and soon part.
• Adopting Social Security as their only retirement plan allow fools and their money to part easily.
• Spending more than they earn is another quality of fools.
• Living paycheck to paycheck allows fools to get rid of money quickly.
• Absorbing more debt than they can afford to make payment on allows fools to say goodbye to their money.
• The relationship between spending a lot on fashion and money disappearing quickly is another one that escapes those who are fools with their money. 

We all can be fools with our money at times. The key is to minimize how often we fall into the idiot trap that is so prevelant today and instead adopt money saving tips and principles of  debt management.

The average man has more money than sense; the trouble is that he doesn't know it.
— Author Unknown

Check out: Lotteries: The Retirement Plan for Fools with a Little Bit of Money.

From Seth Godin:

• Why do many people struggling financially end up using an expensive check cashing service when the bank right next door will let them have a checking account for free?
• Why do customers fall for slick come ons or fancy financing instead of buying what's best for them?

Prove to me that you're no fool.
Walk across my swimming pool.
— Tim Rice

Quotes about Fools and How They Manage Their Money

#1 Quote about Fools and Their Money

There are more fools among buyers than among sellers.
— French proverb

#2 Quote about Fools and Their Money

He that has not bread to spare should not keep a dog.
— Chinese proverb

#3 Quote about Fools and Their Money

Misers amass wealth for those who wish them dead.
— Polish proverb

#4 Quote about Fools and Their Money

The waste of money cures itself, for soon there is no more to waste.
— M.W. Harrison

#5 Quote about Fools and Their Money

I see far too many people go from being broke to finally having some money, only to slip back to broke again because they didn't know what to do with their money.
— Suze Orman

#6 Quote about Fools and Their Money

An empty head leads to an empty pocket.
— B.C. Forbes

#7 Quote about Fools and Their Money

Americans have mastered the art of being prosperous though broke.
— Billy Boy Franklin

#8 Quote about Fools and Their Money

Broke is relying on a cash advance on your credit card to pay the rent or mortgage, and praying that you have enough left on your credit line to do so.
— Suze Orman

#9 Quote about Fools and Their Money

The wise people are in New York because the foolish went there first. That's the way wise men make a living.
— Finley Peter Dunne

#10 Quote about Fools and Their Money

The only reason a great many American families don't own an elephant is that they have never been offered an elephant for a dollar down and easy weekly payments.
— Mad Magazine

More Money Does Not Buy Better Wine

In restaurants, many people order the second-least-expensive wine on the list, reports Money magazine. They don't want to spend a lot, but they don't want the absolute worst pick. "The problem with using price as a sign of quality is that the cost of a bottle is often influenced by factors that have nothing to do with whether you'll actually enjoy drinking it. For one thing, people buy expensive wines as a way of demonstrating sophistication and wealth."

The Money Cafe is brought to you by Ernie Zelinski, an innovator and content creator of best-selling books and websites.

More Quotes about Fools and How They Manage Their Money

Fortune favours fools.
— French proverb

Ignorance is not bliss when it comes to making money.
— Herb Goldberg and Robert T. Lewis (in their book Money Madness)

One cannot live forever on one's savings.
— Turkish proverb

He who borrows gets sorrows.
— Turkish proverb

If you have money you have wisdom; if none, you are a fool.
— Turkish proverb

A necessity is any luxury that your neighbor happens to own.
— Author Unknown

Eat and drink with your friends but do not trade with them.
— Turkish proverb

The wise are pleased when they discover truth, fools when they discover falsehoods.
— Unknown Wise Person

One day an American worries about going to the poorhouse, and the next day he buys a new automobile.
— Author Unknown

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
— Ezra Pound

We are living in an unprecedented era of prosperity. Never before have people acquired so many unpaid-for-things.
— Author Unknown

A fool and his money are soon married.
— Variously ascribed

 A person who can't pay gets another person who can't pay to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs to guarantee that he has got two natural legs. It don't make either of them able to do a walking-match.
— Charles Dickens (1812-70), English novelist. Mr. Pancks, in Little Dorrit, bk. 1, ch. 23 (1855-57).

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