Steven Scott: Hiring your Money
on Monday, December 26, 2011Steven Scott Money Quotation saying employing money allows it to accomplish work for you that it isn’t possible to do otherwise – hire your bankroll. Steven Scott said:
“Your money will do much of your work for you, if you ask it nicely and employ it with wisdom” — Steven Scott
The quote “Your money will do much of your work for you, if you ask it nicely and employ it with wisdom” by Steven Scott means that money can generate more wealth over time without requiring constant effort if it is invested and managed strategically.
Scott is suggesting that by allocating funds in a smart, thoughtful manner through avenues like interest-bearing savings accounts, low-risk investments or starting a business, one’s money can continue working on their behalf to create returns even while unattended.
This allows personal wealth to grow through compound interest and profits earned from money working for money. However, the quote cautions that this passive income relies on exercising “wisdom” in how money is deployed, not just passively accumulating it.
If funds are invested prudently and judiciously over the long run, according to Scott money can effectively work for a person and multiply itself without constant labor inputs.