Posts Tagged ‘credit’

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E. W. Howe: Credit As Good As

Posted by admin on Monday, May 16, 2022

E. W. Howe Money Quote saying that having credit is better than having money. E. W. Howe said:
 
No man's credit is ever as good as his money Quote
 

“No man’s credit is ever as good as his money” — E. W. Howe

 

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 In this quote, E. W. Howe is saying that no person’s credibility or trustworthiness (“credit”) is ever as dependable as actual cash in hand (“money”). The best interpretation is that Howe is pointing out how having money provides a more certain foundation than relying solely on someone’s word or reputation.

His implication seems to be that while one’s character or trustworthiness may be taken into account, cold hard money delivers a surer guarantee of being able to fulfill obligations or complete transactions. So in essence, Howe is suggesting that when it comes down to it, possession of funds will always carry more weight than a good reputation alone.

Benjamin Franklin: Money is Credit

Posted by admin on Monday, November 29, 2021

Benjamin Franklin Money Quote saying if you have access to credit, then you have access to money. Benjamin Franklin said:
 
Remember that credit is money Quote
 

“Remember that credit is money” — Benjamin Franklin

 

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Benjamin Franklin is saying that having access to credit is essentially the same as having money available. His point is that if you have a good credit rating and the ability to borrow money through loans or lines of credit, then you have the potential to access and spend money even if you don’t have it in your bank account at that moment.

Franklin is emphasizing that credit allows you to obtain and use money in the present, even though you may not have it immediately on hand. So in summary, he is equating credit with having access to money through borrowing.

Mokokoma Mokhonoana: Waste

Posted by admin on Friday, September 24, 2021

Mokokoma Mokhonoana Money Quote saying the easy availability of credit means we take it lightly, wasting money before we can pay the bill. Mokokoma Mokhonoana said:
 
Credit makes it possible for us to waste money before we have the money Quote
 

“Credit makes it possible for us to waste money before we have the money” — Mokokoma Mokhonoana

 

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Mokokoma Mokhonoana is highlighting both the benefits and risks of using credit. On one hand, credit allows people to obtain goods and services before having the cash on hand to pay for them upfront. But this also enables spending money that has not yet been earned, which Mokhonoana suggests can lead to wasteful spending if not managed carefully.

The quote implies that with credit, people have the ability to spend future money today, which presents the temptation to spend that money on things they may not truly need or be able to afford once the credit bill comes due. So Mokhonoana is cautioning that credit empowers spending in advance of having the means, for better and worse depending on one’s spending discipline.

T. Harv Eker: Money Skills

Posted by admin on Friday, June 25, 2021

T. Harv Eker Money Quote saying the best way to avoid getting into debt with cards is to use a debit card. T. Harv Eker said:
 
If you don't have the money management skills yet, using a debit card will ensure you don't overspend and rack up debt on a credit card Quote
 

“If you don’t have the money management skills yet, using a debit card will ensure you don’t overspend and rack up debt on a credit card” — T. Harv Eker

 

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In this quote, businessman and author T. Harv Eker is giving advice about money management and spending habits. He suggests that if someone has not yet developed strong skills in budgeting and financial discipline, using a debit card instead of a credit card can help prevent overspending and accumulating burdensome debt.

Eker implies that debit cards offer a safer option for those still learning to track expenses and avoid living beyond their means, since spending is limited to available balances rather than relying on credit lines.

Overall, the quote encourages novices to money matters to start with debit as a training wheels approach, until responsible credit use becomes more intuitive through experience.

Lord Byron: Gold Bank Credit

Posted by admin on Monday, July 6, 2020

Lord Byron Money Quote saying gold is so much more substantial than paper and credit from banks. Lord Byron said:
 
O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor Quote
 

“O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor” — Lord Byron

 

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In this quote, Lord Byron is expressing his preference for gold over paper currency and bank credit. He sees paper money and credit as being less substantial than gold, likening bank credit to “a bark of vapor” – meaning it is fleeting and insubstantial like vapor.

Byron suggests that gold has intrinsic value as a precious metal, while paper currency and credit from banks rely more on trust and confidence in the banking system. Overall, he is saying that he considers gold to be a more reliable store of value than paper money or credit from financial institutions.

Josiah Stamp: Pay Slavery Cost

Posted by admin on Sunday, June 7, 2020

Josiah Stamp Money Quote saying that banks enslave society by controlling their access to and cost of capital. Josiah Stamp said:
 
If you want to continue to be slaves of the banks and pay the cost of your own slavery (and enslavement), then let the bankers continue to create money and control credit Quote
 

“If you want to continue to be slaves of the banks and pay the cost of your own slavery (and enslavement), then let the bankers continue to create money and control credit” — Josiah Stamp

 

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In this quote, Josiah Stamp seems to be strongly criticizing the private control of money creation and credit by banking institutions. By stating that if people want to “continue to be slaves of the banks and pay the cost of your own slavery”, Stamp implies that allowing banks alone to determine monetary policy effectively subjects the populace and economy to the banks’ priorities and profit motives.

His reference to paying “the cost of your own slavery” conveys Stamp’s perspective that the population funds its own subjugation by permitting banks to dominate financial systems for private gain.

Overall, the harsh language suggests Stamp viewed exclusive bank authority over currency as deeply problematic, giving private entities undue power over nations by monopolizing monetary functions for self-interest rather than public benefit. Stamp appears to be advocating for curbing banks’ control of money and credit to protect self-determination and shared prosperity.

Whitney Tilson: Virus Problem

Posted by admin on Wednesday, May 6, 2020

Whitney Tilson Money Quote saying in his newsletter that his friend Bill Ackman made what was a brilliant trade, betting against the markets due to Covid 19. Whitney Tilson said:
 
the S&P hit an all-thigh and credit spreads were close to all-time lows, that the coronavirus might be a big problem? Quote
 

“Was it really so hard to see on February 19, only 37 days ago, when the S&P hit an all-time high and credit spreads were close to all-time lows, that the coronavirus might be a big problem? — Whitney Tilson

 

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In this quote, Whitney Tilson seems to be criticizing the failure of many investors and analysts to foresee the potential economic impacts of the emerging COVID-19 pandemic in late February, when markets were still near record highs. By asking rhetorically if it was “really so hard to see” that the coronavirus “might be a big problem” on February 19th, Tilson implies the risks were discernible even that early if market participants had looked beyond short-term indicators.

The quote conveys Tilson’s perspective that despite bullish signals in financial data at that time, the global health crisis suggested economic turmoil lay ahead and this warranted more sobering assessments from the investment community. Overall, Tilson appears to be arguing that more foresighted analysis of underlying realities, rather than narrow focus on current price signals, was called for earlier in the pandemic given the known public health threats and their likely broader effects.

Andrew Tobias: 21% Risk-Free

Posted by admin on Monday, March 30, 2020

Andrew Tobias Money Quote saying that eliminating credit card debt is the safest money-making methodology. Andrew Tobias said:
 
You want 21 percent risk free? Pay off your credit cards Quote
 

“You want 21 percent risk free? Pay off your credit cards” — Andrew Tobias

 

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