Posts Tagged ‘credit’

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David Sikhosana: Teach Investing

Posted by admin on Tuesday, December 26, 2023

Meaning of David Sikhosana Money Quote: saying teach kids about finances and be sure they understand how investing, tax and credit works. David Sikhosana said:
 
Teach your children about credit, tax and investing. Be extremely truthful about how they all work Quote
 

“Teach your children about credit, tax and investing. Be extremely truthful about how they all work” — David Sikhosana

 

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In this quote, David Sikhosana is advocating for the importance of financial literacy education for children. He stresses the need to “teach your children about credit, tax and investing” so they understand fundamental financial concepts from a young age.

Sikhosana also emphasizes the importance of being “extremely truthful” when explaining how these systems work, rather than simplifying complex realities. The quote conveys his view that parents should have open, honest discussions with their children about credit and debt, taxation, and different investment opportunities and risks.

By imparting practical financial knowledge and wisdom early on, according to Sikhosana, it can help children make more informed financial choices as they grow into adulthood.

Una McCormack: Compensatation

Posted by admin on Sunday, July 23, 2023

Meaning of Una McCormack Money Quote: saying Friendship ignores financial status or whether they will be rewarded by giving. Una McCormack said:

 
No true friendship takes account of credit and debt. It gives freely, without thought of compensation or reward Quote
 

“No true friendship takes account of credit and debt. It gives freely, without thought of compensation or reward” — Una McCormack

 

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This quote from Una McCormack suggests that genuine, caring friendships are not transactional relationships based on keeping track of favors given and received. Some key points in interpreting the perspective:

  • McCormack implies that true friendship is characterized by freely giving of oneself to help others without expectation of something in return or tallying benefits provided versus received.
  • She portrays friendship as involving compassion and goodwill extended freely rather than a system of credits, debts or obligations between friends.
  • McCormack’s perspective conveys the viewpoint that the deepest bonds are built on unconditional support rather than contingent support dependent on balanced ledgers of who owes what to whom.

However, a balanced interpretation acknowledges that while reflecting McCormack’s stance, reasonable people can disagree on how to define friendship, as relationships require ongoing care, empathy, consent and understanding between all people at a pace respecting each person’s autonomy and capacity for growth.

Multiple perspectives have value in ongoing discussions around identity and social harmony. Overall, the quote conveys McCormack’s belief that true friendship is defined by graciousness and care for others’ well-being rather than scorekeeping or transactions between friends.

Solomon Northrup: No Credit, Debt

Posted by admin on Friday, July 21, 2023

Meaning of Solomon Northrup Money Quote: saying Offered Credit leads to accepting debt by tempting us – only cash avoids greater temptation. Solomon Northrup said:
 
No credit -- no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil Quote
 

“No credit — no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil” — Solomon Northrup

 

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This quote from Solomon Northrup suggests avoiding taking on debt through lines of credit and instead paying for purchases with cash upfront. Some key points in interpreting his perspective:

  • Northrup implies that having credit enables overspending by tempting people to buy items they could not otherwise afford in cash, leading them into “evil” or financial troubles.
  • He portrays a “cash down” or cash-only approach as the surest way to stay out of debt and its associated stresses.
  • However, reasonable people can disagree on this, as some debt taken on judiciously (e.g. for education) can enable greater earning potential in the long run if managed responsibly.
  • A balanced interpretation is that while reflecting Northrup’s caution around credit use, prudent personal finance requires moderation – neither credit nor cash alone optimizes well-being, as circumstances and priorities vary between individuals.

Overall, the quote conveys Northrup’s perspective promoting an unrestricted cash-only stance. But the best analysis also considers counterarguments and recognizes that for some, limited, short-term credit use as part of a holistic strategy including savings can make sense, while others prefer avoiding debt altogether according to their means and risk tolerance. Multiple reasonable viewpoints exist on these complex issues.

Mark Sundeen: Credit & Debt

Posted by admin on Wednesday, July 19, 2023

Meaning of Mark Sundeen Money Quote: saying Financing debt and watching credit will keep our eyes on the past and the future. Mark Sundeen said:

 

Credit and debt keep us fixated on the past and the future Quote
 

“Credit and debt keep us fixated on the past and the future” — Mark Sundeen

 

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Mark Sundeen appears to be suggesting that being in debt or relying heavily on credit can distract us from fully experiencing and appreciating the present moment. When we owe money or are focused on making payments, it keeps us constantly thinking about financial obligations from the past (what we previously spent) and worries about the future (paying it all back).

This may prevent us from being fully engaged in and mindful of the here and now. According to Sundeen, credit and debt can fixate us on the past costs and future financial responsibilities rather than allowing us to be fully present in the current time.

Dave Ramsey: Debt Normal

Posted by admin on Monday, July 17, 2023

Meaning of Dave Ramsey Money Quote: saying people believe that it is entirely routine to be indebted rather than paying cash to purchase without credit. Dave Ramsey said:

 
purchased outright with cash at the time of purchase no payment plan or use of credit cards Quote
 

“The fact is, most people in our nation today believe that debt is NORMAL, and in most cases, NECESSARY. They can’t imagine living a cash-and-carry life or a life in which all things they own are purchased outright with cash at the time of purchase — in other words, with no payment plan or use of credit cards” — Dave Ramsey

 

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The best interpretation of this Dave Ramsey quote is that he believes most people in modern society have come to view being in debt as the standard way of life and even see it as required to obtain things they need or want. By stating debt is seen as “normal” and “necessary,” Ramsey suggests the culture has shifted to where taking on debt is considered the default choice rather than an exception.

He implies that few people can envision managing their finances by only spending what they have in savings at the time of purchase without using credit plans or cards. Ramsey appears to be criticizing this prevailing mindset and promoting the alternative philosophy of only purchasing items with cash up front rather than financing purchases through debt obligations over time.

Margaret Atwood: No Debt Heaven

Posted by admin on Saturday, June 17, 2023

Meaning of Margaret Atwood Money Quote: saying in Heaven, there is no debt and accounts are paid up – but hell is a place where all owe endlessly. Margaret Atwood said:

 
debts payment all paid up paying maxed credit card charges Quote

 

“In Heaven, there are no debts – all have been paid, one way or another – but in Hell there’s nothing but debts, and a great deal of payment is exacted, though you can’t ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly” — Margaret Atwood

 

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Margaret Atwood appears to be drawing a comparison between the concepts of debt in life and the afterlife. She suggests that in Heaven, all debts are settled and obligations resolved, while in Hell one is endlessly mired in debt obligations that continually accumulate without the means or hope of ever being fully repaid.

Atwood likens this perpetual cycle of mounting debt in Hell to an infernal credit card that is maxed out, continuously multiplying the amount owed. Her view seems to be that debt represents a kind of bondage or torment, and she uses this metaphor to convey her idea that being trapped in endless, inescapable debt would constitute a type of ongoing punishment akin to the suffering of Hell.

Dave Ramsey: Debt So Ingrained

Posted by admin on Thursday, June 15, 2023

Meaning of Dave Ramsey Money Quote: saying the concept of debt for major purchases is ingrained in the psyche of Americans, we finance most of them. Dave Ramsey said:
 
debt payment, a house a mortgage, a student loan, and credit card Quote
 

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card” — Dave Ramsey

 

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The best interpretation of this Dave Ramsey quote is that he believes debt has become such an entrenched part of American culture and society that most people can no longer conceive of major purchases or activities without taking on some form of debt.

By stating that Americans can’t envision things like owning a car without ongoing payments, owning a home without a mortgage, getting an education without student loans, or participating in the economy without a credit card, Ramsey is suggesting debt has become the default or expected means of obtaining or accessing these important things.

His quote implies debt has permeated cultural norms around consumption, assets, and participation in the financial system to such a degree that many find it hard to picture alternatives that don’t involve long-term debt obligations.

Marshall Herskovitz: Money People

Posted by admin on Sunday, August 21, 2022

Meaning of Marshall Herskovitz Money Quote: saying independent film producers are not the money men, but believe in the film. Marshall Herskovitz said:
 
not owners, they're not money people, and in fact, those who just have the money don't always get a producer credit Quote

“The vast majority of our film producers are independent producers who live hand to mouth trying to get projects made that they love. They are not owners, they’re not money people, and in fact, those who just have the money don’t always get a producer credit” — Marshall Herskovitz

 

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In this quote, Marshall Herskovitz is describing the challenging situation that many independent film producers face. He notes that most producers are “independent” meaning they don’t have major studio backing. They “live hand to mouth” and struggle financially while dedicating themselves to getting passion projects made.

Herskovitz emphasizes that these producers do it for their love of the creative process, not because they are wealthymoney people.” He suggests that merely investing funds in a film does not necessarily qualify someone for a producer credit, as independent producers take on more responsibilities through their dedication beyond just monetary contributions. The quote provides insight into the precarious nature of independent film production work.

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