Earl Wilson: Money in the Bank
on Saturday, June 11, 2022Earl Wilson Money Quote saying it’s always easier to squeeze money out of the bank, but tough to put it back in that tube. Earl Wilson said:
“Money in the bank is like toothpaste in the tube. Easy to take out, hard to put back” — Earl Wilson
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In this quote, Earl Wilson is drawing a comparison between money in a bank account and toothpaste in a tube to convey how easy it is to withdraw or spend money but difficult to replenish savings. Just as toothpaste depletes quickly once squeezed out of the tube but takes effort to refill, so too does money drain rapidly from one’s bank balance through expenditures but requires sustained income and discipline to build the funds back up over time.
The quote suggests that wealth preservation requires restraint and careful management of outflows, since money disappears readily but replenishing savings is a gradual, ongoing process. Earl Wilson’s message is that savings should not be viewed as an unlimited resource and caution should be exercised in drawing it down in order to avoid difficulties later in replenishing one’s financial reserves.
Birthday: May 3, 1907 – Death: January 16, 1987