Tuesday, May 19, 2015

Financial Thought of the Day May 19, 2015: Today’s Papaw Walterism—It’s Not What You Make But How You Save It

My Grandfather Walter Bias only went to the eighth grade but exhibited more financial wisdom than most people with an Ivy League education. One day he had this to say about saving, “Billy I’ve seen people who made $100,000 per year and not have anything and I’ve seen people who make $25,000 per year and had a good bank account for the people who made $25,000 knew how to save a dollar.” This quote may not be entirely accurate as my memory isn’t as good as it used to be.

I sure do miss him and people like him. He was part of dying breed.

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