Posts Tagged ‘borrow’

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George Washington: Worry Interest

Posted by admin on Sunday, December 23, 2018

George Washington Money Quote saying plainly that one should avoid trouble to escape worrying about the outcome. George Washington said:
 
Worry is the interest paid by those who borrow trouble Quote
 

“Worry is the interest paid by those who borrow trouble” — George Washington

 

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General Washington resigned his commission as Commander-in-Chief of the Army December 23, 1783. Elected first President of the United States February 4, 1789
 
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In this quote, George Washington is commenting on the concept of worrying or borrowing trouble. His interpretation is that worrying unnecessarily about potential future problems is akin to paying interest on a loan that may never even be taken.

Washington seems to be suggesting that worrying often stems from imagining threats or difficulties that haven’t happened yet and may not come to pass.

The overall message appears to be that excessive worrying is a waste of mental energy, since it amounts to paying a cost (interest) for borrowing anxieties (trouble) that one may never have to face or deal with. Washington conveys the perspective that fretting over hypothetical problems is an unproductive exercise that provides no benefit.

Birthday: February 22, 1732 – Death: December 14, 1799

Warren Buffett: Trump Failed Leverage

Posted by admin on Monday, July 2, 2018

Warren Buffett Money Quote saying that he’s seen failure due to drinking or debt and that Donald Trump took on too much debt without the ability to repay his obligations. Warren Buffett said:
 
Trump Failed because of Leverage Borrowed not enough thought of how he could pay back Quote
 

“I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with how much money he could borrow, and he did not give enough thought to how much money he could pay back.” — Warren Buffett

 

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Warren Buffett is saying that he has observed many people fail financially due to overindulging in alcohol (“liquor”) and taking on too much debt (“leverage”). Specifically, he argues that Donald Trump failed because he became too focused on how much money he could borrow, without properly considering his ability to repay what he owed.

Buffett believes Trump took on more debt than he could reasonably handle, which ultimately led to financial difficulties. Overall, the quote is a warning about the dangers of excessive borrowing and taking on more debt than one has the means to repay.

Winston Churchill: Borrow an April Hour

Posted by admin on Sunday, March 12, 2017

Winston Churchill Money Quote saying That daylight saving time is paid back with interest to add value in less than half a year. Winston Churchill said:
 
We borrow an hour one night in April; we pay it back with golden interest five months later Quote
 

“We borrow an hour one night in April; we pay it back with golden interest five months later” — Winston Churchill

 

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In this quote, Winston Churchill is referring to daylight saving time. By “borrowing an hour” in April when clocks are moved forward, it allows an extra hour of daylight in the evenings during spring and summer months.

Churchill suggests this hour is “paid back” in October when clocks are set back, with “golden interest” referring to the benefits gained from the additional sunlight over the five intervening months.

The deeper interpretation is that Churchill saw daylight saving time as providing a good return on a small initial sacrifice or cost, with the extra evening daylight yielding valuable economic and social dividends in terms of productivity, recreation and quality of life during the warmer seasons.

The quote characterizes the time change as a worthwhile investment that generates positive real-world impacts far exceeding the minor inconvenience of adjusting one’s clocks twice a year.

Birthday: November 30, 1874 – Death: January 24, 1965

Craig Ferguson: Borrow Money Mob Deal

Posted by admin on Saturday, December 3, 2016

Craig Ferguson Money Quote saying using an organized crime loan shark with risk of physical harm sometimes seems like a better alternative to a ruined credit or a home repossessed. Craig Ferguson said:
 
When you need to borrow money the Mob seems like a better deal, wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything Quote
 

“When you need to borrow money the Mob seems like a better deal I think. ‘You don’t pay me back I break both yer legs.’ Is that all? You won’t take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don’t even have to sign anything” — Craig Ferguson

 

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In this quote, Craig Ferguson is satirizing and criticizing the predatory practices of some mainstream lenders and banks. He suggests that borrowing from the mob, while dangerous, seems preferable because at least they are more straightforward about the consequences of not repaying – broken legs.

By contrast, Ferguson implies that banks will ruin people’s financial lives through tactics like seizing homes and destroying credit scores when loans default. His comments convey a sense that the mob’s direct threats seem almost honest compared to the complex ways corporations can financially devastate people.

Overall, the quote is using dark humor to draw attention to perceived abuses within conventional lending and highlight a desire for simpler, upfront terms when taking on debt.

Elon Musk: Borrow Money for Rent

Posted by admin on Monday, June 6, 2016

Elon Musk Money Quote saying his percentage of the profits from sale of PayPal were invested in his other business ideas. Elon Musk said:
 
My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent Quote
 

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent” — Elon Musk

 

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In this quote, Elon Musk is describing what he did with the proceeds from the sale of his company PayPal in 2002. He invested $100 million into his rocket company SpaceX, $70 million into the electric car company Tesla, and $10 million into the solar energy company SolarCity.

The fact that Musk then had to borrow money for rent suggests he put virtually all of the $180 million he received from PayPal back into his new business ventures, leaving himself cash-poor personally as a result.

The quote paints Musk as someone fully committed to and confident in his ambitious vision, willing to risk all his PayPal fortune on revolutionary companies focused on space travel, electric vehicles and sustainable energy rather than keeping the money for himself.

Nathan W. Morris: Borrowing Robs Future

Posted by admin on Friday, November 20, 2015

Nathan W. Morris Money Quotation saying when we take a loan now, it is stealing that money from our future. Nathan W. Morris said:
 
Nathan W. Morris Every time you borrow money, you're robbing your future self quote
 

“Every time you borrow money, you’re robbing your future self” — Nathan W. Morris

 

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In this quote, Nathan W. Morris is cautioning against taking on debt or borrowing money without careful consideration of the long-term consequences. His view is that whenever you take a loan, you are essentially imposing a financial burden on your future self who will be responsible for repaying that debt over time.

Morris seems to be suggesting that borrowing should not be done lightly, as the costs – in interest paid and future income/savings diverted to payments – will be shouldered by one’s future financial circumstances and goals. The quote encourages thinking carefully about whether taking on debt now is truly worthwhile, or if it may negatively impact one’s future financial freedom and ability to afford other priorities.

It serves as a reminder about how present borrowing decisions can directly impact one’s financial situation and options years down the road.

Joe Greene: SuperBowl Ring Invaluable

Posted by admin on Friday, January 30, 2015

Joe Greene Money Quotation saying a bank won’t lend the status that comes from having been in a superbowl game, not from the money paid for playing it. Joe Greene said:
 
You can go to the bank and borrow money, but you can't go to the bank and borrow a Super Bowl ring. The ring is like a crown Quote
 

“You can go to the bank and borrow money, but you can’t go to the bank and borrow a Super Bowl ring. The ring is like a crown” — Joe Greene

 

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In this quote, former NFL player Joe Green seems to be commenting on the significance of winning a Super Bowl championship. By noting that while you can borrow money from a bank, you cannot borrow a Super Bowl ring, Green is highlighting how a championship ring represents an achievement that cannot be replicated or obtained any other way except by winning the Super Bowl itself.

Describing the ring as being “like a crown,” Green further portrays it as a symbol of status earned through athletic success at the highest level. Overall, the quote conveys how winning a Super Bowl ring stands as a unique and invaluable marker of triumph that money alone cannot substitute or replace.

Daniel Hannan: Spending Recession & Debt

Posted by admin on Monday, January 12, 2015

Daniel Hannan Money Quotation saying spending won’t solve the problems that cause recession – creating more debt won’t fix it. Daniel Hannan said:
 
Daniel Hannan You cannot spend your way out of recession or borrow your way out of debt quote
 

“You cannot spend your way out of recession or borrow your way out of debt” — Daniel Hannan

 

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This quote from Daniel Hannan suggests that neither deficit spending policies aimed at stimulating demand during economic downturns, nor taking on additional debt to pay off existing debts, provide viable solutions. Some key points in interpreting his perspective:

  • Hannan implies that increasing government outlays or individual/national borrowing cannot reliably pull an economy out of recession or resolve debt issues through such strategies alone.
  • He portrays such approaches as ultimately unsustainable and unlikely to solve the underlying problems that led to economic weakness or debt accumulation.
  • However, reasonable experts acknowledge both short-term stimulus and long-term fiscal responsibility have roles to play depending on circumstances. Moderate, targeted policies combined with budget discipline over the business cycle are debated.
  • A balanced interpretation is that while Hannan aims to question reliance on deficit solutions, the best analysis considers this perspective alongside other reasonable positions. The complex realities of macroeconomic and debt management involve weighing evidence and trade-offs, with knowledgeable analysts disagreeing in good faith.

Overall, the quote conveys Hannan’s skepticism of addressing recessions or debt solely through additional borrowing or spending. But the best interpretation also considers counterarguments and recognizes experts will continue debating pragmatic, balanced solutions in changing conditions through open-minded discussion, as no single viewpoint captures the full picture of optimizing stability, growth and equity over multiple economic and political cycles.

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