Joan Rivers and Investors' Key to Happiness

I’m so poor I can’t even pay attention.
— Ron Kittle

Sometimes we laugh because the truth hurts. Ron Kittle’s old line is funny, but it’s no joke when you are actually broke.

But there’s good news about saving in today's My Daily Oracle. Saving isn’t about setting aside large amounts. It’s about creating a gap between income and spending. If we spend a little less than we earn, and do it consistently, we’ve done the hard part. Investing, compound growth, financial confidence... it all builds from there.

Whatever your income, always live below your means.
— Suze Orman

Suze Orman says that no matter what you earn, the rule is the same: spend less than that. Frugality is a tool rather than a punishment. It creates a sense of control and can even become a source of satisfaction.

Living below our means means staying true to what is most important in our lives, and cutting out things that aren't. Even modest savings can be the seed from which financial strength grows.

If you’re saving, you’re succeeding.
— Steve Burkholder

When I was a teenager, my family lived on an American military base in Germany. Our neighbors two houses down were the U.S. Consul General and his wife. Despite their high position, they lived simply and drove small, old cars. My parents had the deepest admiration for that couple's humility and frugality. They impressed greatly because they didn't try to impress at all.

That kind of modesty is a great help when you're trying to save. Despite setbacks, the account continues to grow as time passes. The distance between us and our next financial emergency gets longer. And the distance between us and financial independence gets shorter.

Stick to it long enough, and you never know. You might find the key to happiness.

People say that money is not the key to happiness, but I figure if you have enough money, you can have a key made.
— Joan Rivers

Visit www.mydailyoracle.com for anything you may have missed, and watch for the next issue in your inbox.

And remember: If we’re saving, we’re succeeding. Even if we have to start small.

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