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The rich are depressed because they realize their money can't buy them out of their issues.

Michelle Singletary

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Michelle Singletary
Age: 54
Columnist
Financial Planner
Journalist
Writer
Depressed
Realize
Realizing
Issues
Rich
Money

More quotes by Michelle Singletary

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You'll feel better when you get all that debt off your back.
Michelle Singletary
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Once you finish paying for college you could reduce your life insurance.
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Set up rules for when you will give not lend money. Never lend. My people know that I'll help with college. I'll help if they lose they job thu no fault of their own.
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We all only have a certain amount of money and that means yes, we have to make choices and sometimes those choices mean we don't get what we want.
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If we don't want the companies to cheat on us, we shouldn't be cheating on them.
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There's nothing wrong with having a 9-to-5 job, but figure out a way to have another stream of income.
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A foreclosure does not define you financially.
Michelle Singletary
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The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.
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The sad thing is many people learn how to manage money after they've made a lot of financial mistakes, some that take decades to fix.
Michelle Singletary
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Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.
Michelle Singletary
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We all fall - even me.
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We know intellectually that money can't buy happiness yet we spend and go into debt as if it does.
Michelle Singletary
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I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it.
Michelle Singletary
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You made a decision given your life circumstances and you have to be ok with that. Regrets that can't be change is just torturing yourself.
Michelle Singletary
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You still need to save but being debt-free in retirement is and should be a goal.
Michelle Singletary
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If you haven't saved, your child may have to work. But do what you can to NEVER take out student or parent loans.
Michelle Singletary
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No matter who is in the White House, I just keep doing what my grandmother taught me. Hate debt. Save. The best any of us can do really.
Michelle Singletary
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I'm keenly aware of how important it is to set a good example. You may not think that your kids are paying attention to you, especially with something like money, but they probably are.
Michelle Singletary
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There are some dark days when I do receive some racist mail or emails. But overall the response to me has been very positive. Readers relate to me not just as an African-American, but as an American trying to make sense of her personal finance, just like them.
Michelle Singletary
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The key to making sure your credit stays good is paying the bill on time. If you are paying the balance off even if there is something on the card in recent purchases, you are good.
Michelle Singletary