--- title: "Meaning & Key Takeaway of: It's important to save your money. We…" description: "\"It's important to save your money. We need it for the long haul but too many Americans don't save and don't invest. It used to be that people would be ..." image: "https://sms4smile.com/quotes/i/311/michael-douglas-2539_be-proud_it-s-important-to-save-your-money-we-nee_1880748.jpg" --- # It's important to save your money. We need it for the long… ![“It's important to save your money. We need it for the long haul but too many Americans don't save and don't invest. It used to be that people would be proud of the fact that they were middle class. You'd have your church and buy a house and you had a car and everything else. Now, it's really…” quote by Michael Douglas](https://sms4smile.com/quotes/i/311/michael-douglas-2539_be-proud_it-s-important-to-save-your-money-we-nee_1880748.jpg) [Download](https://sms4smile.com/quotes/i/311/michael-douglas-2539_be-proud_it-s-important-to-save-your-money-we-nee_1880748.jpg) [Open image](https://sms4smile.com/quotes/i/311/michael-douglas-2539_be-proud_it-s-important-to-save-your-money-we-nee_1880748.jpg) > “It's important to save your money. We need it for the long haul but too many Americans don't save and don't invest. It used to be that people would be proud of the fact that they were middle class. You'd have your church and buy a house and you had a car and everything else. Now, it's really, really tough. Everybody has financial issues except for the one percent.” [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Financial stability requires disciplined saving and investing to weather long‑term challenges and avoid widening inequality. **In simple terms:** Save and invest for long‑term security. Key Takeaway Prioritize consistent saving and smart investing. Themes finance personal responsibility inequality Mood concerned reflective determined Type advice analytical motivational When to use this quote - budget planning - retirement accounts - home buying - car ownership - community support Key Concepts compound interest wealth building middle class dynamics Questions to Reflect On - How can individuals overcome structural obstacles to saving? - What policies could support broader financial security? A Different Perspective Saving alone may not offset systemic economic barriers for low‑income families. ★ ★ ★ ★ ★ No ratings yet [Church](https://sms4smile.com/quotes/about/church/) [Class](https://sms4smile.com/quotes/about/class/) [Facts](https://sms4smile.com/quotes/about/facts/) [Issues](https://sms4smile.com/quotes/about/issues/) [Long haul](https://sms4smile.com/quotes/about/long-haul/) [Middle class](https://sms4smile.com/quotes/about/middle-class/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Proud](https://sms4smile.com/quotes/about/proud/) [Save Money](https://sms4smile.com/quotes/about/save-money/) [Success](https://sms4smile.com/quotes/about/success/) ## Related quotes > [In America, it is not important how much an item costs, it's more important how much you can save when you buy it.](https://sms4smile.com/quotes/emaliebaby/in-america-it-is-not-important-how-much-an-item-costs-it-s-more/) Emaliebaby > [We said from the very beginning that we're in this for the long haul.](https://sms4smile.com/quotes/isaac-hanson/we-said-from-the-very-beginning-that-we-re-in-this-for-the-long-haul/) [Isaac Hanson](https://sms4smile.com/quotes/author/isaac-hanson/) > [A lot of bands that are great disappear a little bit faster than they used to. They don't get as much support for the…](https://sms4smile.com/quotes/judd-apatow/a-lot-of-bands-that-are-great-disappear-a-little-bit-faster-than-they/) [Judd Apatow](https://sms4smile.com/quotes/author/judd-apatow/) > [Long-haul trucking. Just roaming the country, alone, with audiobooks and podcasts, sleeping in the back of the cab, showering at gas stations at 4…](https://sms4smile.com/quotes/mat-johnson/long-haul-trucking-just-roaming-the-country-alone-with-audiobooks-and/) [Mat Johnson](https://sms4smile.com/quotes/author/mat-johnson/) > [You're either in it for the long haul or you're not.](https://sms4smile.com/quotes/crystal-gayle/you-re-either-in-it-for-the-long-haul-or-you-re-not/) [Crystal Gayle](https://sms4smile.com/quotes/author/crystal-gayle/) > [“It's a long haul bringing up our children to be good; you have to keep doing that — bring them up — and that…](https://sms4smile.com/quotes/erik-erikson/it-s-a-long-haul-bringing-up-our-children-to-be-good-you-have-to-keep/) [Erik Erikson](https://sms4smile.com/quotes/author/erik-erikson/) > [Surveys show that many talented and committed young people are reluctant to enter teaching for the long haul because they think the profession is…](https://sms4smile.com/quotes/arne-duncan/surveys-show-that-many-talented-and-committed-young-people-are/) [Arne Duncan](https://sms4smile.com/quotes/author/arne-duncan/) > [No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.](https://sms4smile.com/quotes/alan-greenspan/no-matter-how-skillful-the-trading-scheme-over-the-long-haul-abnormal/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [There's a lot of games played, a lot of snaps played over the long haul.](https://sms4smile.com/quotes/julius-peppers/there-s-a-lot-of-games-played-a-lot-of-snaps-played-over-the-long-haul/) [Julius Peppers](https://sms4smile.com/quotes/author/julius-peppers/) > [Over the long haul I'd say that most directors I've worked with have been pretty sensitive to the quality of the interpreted scenes.](https://sms4smile.com/quotes/rod-serling/over-the-long-haul-i-d-say-that-most-directors-i-ve-worked-with-have/) [Rod Serling](https://sms4smile.com/quotes/author/rod-serling/) > [I think when you're a fan of music - at least the way I've been a fan to artists that have really touched me…](https://sms4smile.com/quotes/matisyahu/i-think-when-you-re-a-fan-of-music-at-least-the-way-i-ve-been-a-fan/) [Matisyahu](https://sms4smile.com/quotes/author/matisyahu/) > [The media wants overnight successes (so they have someone to tear down). Ignore them. Ignore the early adopter critics that never have enough to…](https://sms4smile.com/quotes/seth-godin/the-media-wants-overnight-successes-so-they-have-someone-to-tear-down/) [Seth Godin](https://sms4smile.com/quotes/author/seth-godin/) > [As you give to fund God's needs, are you forced to trust Him to provide for yours? That's what a growing faith is about.…](https://sms4smile.com/quotes/andy-stanley/as-you-give-to-fund-god-s-needs-are-you-forced-to-trust-him-to/) [Andy Stanley](https://sms4smile.com/quotes/author/andy-stanley/) > [Dieting is long-haul. Many rapid weight loss programs actually only squeeze the water out of you. Just like a wet sponge. But a good…](https://sms4smile.com/quotes/owen-jones/dieting-is-long-haul-many-rapid-weight-loss-programs-actually-only/) [Owen Jones](https://sms4smile.com/quotes/author/owen-jones/) > [I do identify with Olympic athletes quite a lot because they have to push to reach a certain plateau and some of them go…](https://sms4smile.com/quotes/lawrence-jordan/i-do-identify-with-olympic-athletes-quite-a-lot-because-they-have-to/) [Lawrence Jordan](https://sms4smile.com/quotes/author/lawrence-jordan/) ## More by Michael Douglas > [Directors have so much else to do besides tell actors what to do. There are so many issues and problems.](https://sms4smile.com/quotes/michael-douglas/directors-have-so-much-else-to-do-besides-tell-actors-what-to-do/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I've gotten burnt the last few years on a couple of little independent films where you get paid nothing, you work your ass off,…](https://sms4smile.com/quotes/michael-douglas/i-ve-gotten-burnt-the-last-few-years-on-a-couple-of-little/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [With little knowledge of what it meant to be a Jew, I found myself passionately defending the Jewish people. Now, half a century later,…](https://sms4smile.com/quotes/michael-douglas/with-little-knowledge-of-what-it-meant-to-be-a-jew-i-found-myself/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [When you've accomplished a certain amount in your career, you're not so focused on your ambitions.](https://sms4smile.com/quotes/michael-douglas/when-you-ve-accomplished-a-certain-amount-in-your-career-you-re-not/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I don't look good in tights. I know that.](https://sms4smile.com/quotes/michael-douglas/i-don-t-look-good-in-tights-i-know-that/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [My mother is Bermudan, so I had a lot of memories when I was a kid, used to go down to Bermuda a lot.](https://sms4smile.com/quotes/michael-douglas/my-mother-is-bermudan-so-i-had-a-lot-of-memories-when-i-was-a-kid/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I love kids, and I love having had this second chance to have a family.](https://sms4smile.com/quotes/michael-douglas/i-love-kids-and-i-love-having-had-this-second-chance-to-have-a-family/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I guess there are some women who like older men, but it's a smaller group.](https://sms4smile.com/quotes/michael-douglas/i-guess-there-are-some-women-who-like-older-men-but-it-s-a-smaller/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [People are goofy about the movie business, so you end up counting on friends you knew before you were successful. It is harder to…](https://sms4smile.com/quotes/michael-douglas/people-are-goofy-about-the-movie-business-so-you-end-up-counting-on/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I don't know about Brad Pitt leaving that beautiful woman to go hold orphans for Angelina. I mean how long is that going to…](https://sms4smile.com/quotes/michael-douglas/i-don-t-know-about-brad-pitt-leaving-that-beautiful-woman-to-go-hold/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I enjoy provocative things that are questionable.](https://sms4smile.com/quotes/michael-douglas/i-enjoy-provocative-things-that-are-questionable/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I don't wish ill will on anybody.](https://sms4smile.com/quotes/michael-douglas/i-don-t-wish-ill-will-on-anybody/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [When you are a celebrity, nothing remains secret for very long.](https://sms4smile.com/quotes/michael-douglas/when-you-are-a-celebrity-nothing-remains-secret-for-very-long/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [When I go on a holiday to a tropical place, I'll spray tan before I go.](https://sms4smile.com/quotes/michael-douglas/when-i-go-on-a-holiday-to-a-tropical-place-i-ll-spray-tan-before-i-go/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) > [I come from a tough stock.](https://sms4smile.com/quotes/michael-douglas/i-come-from-a-tough-stock/) [Michael Douglas](https://sms4smile.com/quotes/author/michael-douglas/) [Explore all 162 Michael Douglas quotes ](https://sms4smile.com/quotes/author/michael-douglas/) ## More Be proud quotes > [At the end of night, before you close your eyes, be content with what you've done and be proud of who you are.](https://sms4smile.com/quotes/steve-almond/at-the-end-of-night-before-you-close-your-eyes-be-content-with-what/) [Steve Almond](https://sms4smile.com/quotes/author/steve-almond/) > [Your aunt and uncle will be proud, though, won't they?" said Hermione as they got off the train and joined the crowd thronging toward…](https://sms4smile.com/quotes/anonymous/your-aunt-and-uncle-will-be-proud-though-won-t-they-said-hermione-as/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Do not be proud of your inconsistency. It is a pity, it is a pity that we should be equipped like this. It is…](https://sms4smile.com/quotes/e-m-forster/do-not-be-proud-of-your-inconsistency-it-is-a-pity-it-is-a-pity-that/) [E. M. Forster](https://sms4smile.com/quotes/author/e-m-forster/) > [You just have to keep trying to do good work, and hope that it leads to more good work. I want to look back…](https://sms4smile.com/quotes/jon-stewart/you-just-have-to-keep-trying-to-do-good-work-and-hope-that-it-leads/) [Jon Stewart](https://sms4smile.com/quotes/author/jon-stewart/) > [All of my decisions I made when I was a kid were decisions, would my mother and father be proud of.](https://sms4smile.com/quotes/ken-venturi/all-of-my-decisions-i-made-when-i-was-a-kid-were-decisions-would-my/) [Ken Venturi](https://sms4smile.com/quotes/author/ken-venturi/) > [We had pathetically simple dreams: to do meaningful work that we could be proud of, to be together, and to be happy.](https://sms4smile.com/quotes/tiffanie-debartolo/we-had-pathetically-simple-dreams-to-do-meaningful-work-that-we-could/) [Tiffanie DeBartolo](https://sms4smile.com/quotes/author/tiffanie-debartolo/) > [the Republicans love to say that the Democratic Party is ruled by 'special interests.' But when pressed to name these 'special interests,' the usual…](https://sms4smile.com/quotes/geraldine-ferraro/the-republicans-love-to-say-that-the-democratic-party-is-ruled-by/) [Geraldine Ferraro](https://sms4smile.com/quotes/author/geraldine-ferraro/) > [You should never be proud of doing the right thing. You should just do it.](https://sms4smile.com/quotes/dean-smith/you-should-never-be-proud-of-doing-the-right-thing-you-should-just-do/) [Dean Smith](https://sms4smile.com/quotes/author/dean-smith/) > [I hate pride, but if I were going to be proud of anything it would have to be something I'd done myself. Race pride…](https://sms4smile.com/quotes/carroll-o-connor/i-hate-pride-but-if-i-were-going-to-be-proud-of-anything-it-would/) [Carroll O'Connor](https://sms4smile.com/quotes/author/carroll-o-connor/) > [What I have most learned from my son is to respect him and to love him unconditionally. I believe that if parents respect their…](https://sms4smile.com/quotes/miguel-angel-ruiz/what-i-have-most-learned-from-my-son-is-to-respect-him-and-to-love/) [Miguel Angel Ruiz](https://sms4smile.com/quotes/author/miguel-angel-ruiz/) > [I was a breed of people who aren't capable of doing anything, really. 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