ProfMoneyWise
07-23-2009, 10:23 AM
using-the-lottery-effect-to-make-people-save.html: Personal Finance News from Yahoo! Finance (http://finance.yahoo.com/banking-budgeting/article/107361/using-the-lottery-effect-to-make-people-save.html?mod=banking-checking_savings)
IngDirect.com does this from time to time as well.
The quote that stands out to me is:
"The late, great investment manager Sir John Templeton warned me 20 years ago: "Those who spend too much will eventually be owned by those who are thrifty." If you wonder how China, Japan, Hong Kong and Taiwan ended up amassing $1.65 trillion in U.S. Treasury bonds, the answer lies largely in our own credit-card bills."
All these articles, polls and studies aside. The real measure of individual success and saving stares us down in our mirrors.
IngDirect.com does this from time to time as well.
The quote that stands out to me is:
"The late, great investment manager Sir John Templeton warned me 20 years ago: "Those who spend too much will eventually be owned by those who are thrifty." If you wonder how China, Japan, Hong Kong and Taiwan ended up amassing $1.65 trillion in U.S. Treasury bonds, the answer lies largely in our own credit-card bills."
All these articles, polls and studies aside. The real measure of individual success and saving stares us down in our mirrors.