Little Rishi

.....a blog about personal finance, motivational stories, deals, and special offers

Books
Amazon.com
Sweepstakes
Free Sweepstakes
Web Domain Registration
Go Daddy $12.99 Turbo SSL Sale!
Trusted by over 7 million customers!
Search Engine Submission - AddMe
Free Search Engine Submission
Free Search Engine Submission
Saturday, September 19, 2009
Weekend Quote from a Book - Needs versus Wants
After a couple of years running the shop, I couldn't understand how my personal budget could be such a waste of time, while my business budget worked like a charm. I discussed the situation with Old Mr. White. I'll never forget his reply. 'Roy, my young friend,' he said, 'a business only has to budget for needs. It's in the best interest of the business to limit those needs as much as possible. An individual, on the other hand, must budget for both needs and wants. It is a rare person, who can do that successfully because, for too many people, a want becomes a need.'

"And it's so true! Did I need a new car in my second year of business, or did I just want one? Cathy, did you need to get away to Europe last winter, or did you just want to? Tom, did you need, or just want, the best stereo available? It's human nature to spend our entire disposable income and to rationalize all those expenditures as needs."

- Source: The Wealthy Barber

by David Chilton


Note: I am an Amazon.com affiliate. Please also see Disclosures and Disclaimer

Labels: , , , , , ,

posted by Little Rishi @ Saturday, September 19, 2009  
0 Comments:
Post a Comment
<< Home
 

See important Disclosure and Disclaimer

Favorite Quote
"Work is worship".
                - Author Unknown
Disclosure
This site, including blog posts, may contain reviews, links, banners, text and other forms of advertisements for products, services, courses, and so forth of companies of which we may be an affiliate member or for which we may get paid for referrals. This site may also contain blog posts for which we are paid, as well as blog posts regarding products or services of companies from which we may have received complimentary products or services.
Reward Surveys/Panels/Shopping/Contests
survey_reward_120x60
Job Search site
Indeed Jobs
Yahoo! HotJobs - Job Postings
Monster
CareerBuilder
Credit Cards
Insurance
Health: eHealthInsurance
Auto: www.21st.com
Auto/Home/Renters/Health:NetQuote
Travel
Phone Service
Investing
TheStreet.com 120x120 Best Seller Giveaway
Questrade
Babysitters
Find the perfect babysitter at Sittercity.com
Previous Posts
Archives
Disclaimers, Privacy Notice and Disclosures
  • Disclaimer

  • Privacy Notice

  • Disclosures
  • Subscribe to Blog Posts
    Add to Google Reader or 

Homepage
    Bookmark this blog site
    Contact Me

    Email