Posts Tagged ‘creditors’

N.T. Wright: Worship Money Define

Posted by admin on Saturday, April 15, 2023

Meaning of N.T. Wright Money Quote: saying Those who focus on money often treat others as though they are assets of a financial nature. N.T. Wright said:

 
Those who worship money people as creditors, debtors, partners, or customers rather than as human beings Quote
 

“Those who worship money increasingly define themselves in terms of it and increasingly treat other people as creditors, debtors, partners, or customers rather than as human beings” — N.T. Wright

 

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This quote from N.T. Wright suggests that those who prioritize money above all else tend to see themselves and others primarily through the lens of financial roles and relationships rather than as whole human beings. Some key points in interpreting the perspective:

  • Wright implies that an overemphasis on wealth can reduce one’s identity and interactions with others to monetary designations like “creditors, debtors, partners, customers” rather than appreciating people’s full humanity.
  • He portrays an excessive focus on money as dehumanizing, viewing self and others mainly as financial actors engaged in transactions rather than as multidimensional individuals.
  • However, money also enables important needs and opportunities, so a balanced interpretation is that financial security, relationships, purpose and life satisfaction all contribute to well-being according to personal philosophy and changing needs over the lifespan.

Overall, the quote conveys Wright’s belief that prioritizing wealth can compromise how people see each other. But the best analysis considers this perspective as one of many valid viewpoints, and recognizes that responsible stewardship of resources, compassionate policies, and open-hearted communities that empower individuals to freely pursue deeper callings according to their own values are all important for optimizing welfare and justice in society over generations as conditions change.

Joey Lauren Adams: Bankrupt Pants

Posted by admin on Friday, June 17, 2022

Joey Lauren Adams Money Quote saying businesses get to put aside their assets and then give up the empty accounts. Joey Lauren Adams said:
 
Bankruptcy is a legal proceeding put your money in your pants pocket and give your coat to your creditors Quote
 

Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors” — Joey Lauren Adams

 

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In this quote, Joey Adams is using a metaphor to describe what happens during the legal process of declaring bankruptcy. He says that bankruptcy is like putting your money in your pants pocket (keeping whatever funds you have left) while giving your coat to your creditors (relinquishing your other assets to settle your debts).

The quote suggests that bankruptcy essentially allows a person to keep their remaining cash while giving up other possessions to pay off creditors. Adams is painting a vivid yet humorous picture of the financial restructuring that occurs when one files for bankruptcy protection.

Gilbert Stuart: Washington Fortune

Posted by admin on Sunday, February 27, 2022

Gilbert Stuart Money Quote saying he thought Washington portraits would pay off his debts and do well. Gilbert Stuart said:
 
Make a fortune by Washington alone. I calculate I will repay my creditors Quote
 

“I expect to make a fortune by Washington alone. I calculate upon making a plurality of his portraits… I will repay my English and Irish creditors” — Gilbert Stuart

 

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In this quote, Gilbert Stuart is expressing his expectation to earn a significant amount of money (“make a fortune”) through painting portraits of George Washington. Specifically:

  • Stuart intends to create multiple portraits of Washington (“a plurality of his portraits”) to sell, indicating he sees it as a lucrative commercial opportunity.
  • He states his aim is to use the profits earned from these portraits to “repay” debts owed to creditors in England and Ireland
  • The best interpretation is that Stuart saw Washington as a subject who would generate huge public demand and financial success for his artwork, allowing Stuart to profit greatly through repeat commissions and settle outstanding obligations. He viewed Washington’s iconic status as a path to both artistic renown and monetary gain that could resolve his debts.

Overall, the quote conveys Stuart’s belief that capitalizing on his ability to capture the first President’s likeness through multiple portraits represented a chance to both earn wealth and get out of debt by painting “Washington alone.”

Daniel Webster: Irredeemable Paper

Posted by admin on Wednesday, November 18, 2020

Daniel Webster Money Quote saying there are nothing by bankruptcies, cheating, lies and unkept promises with nothing but paper to show for the trouble. Daniel Webster said:
 
not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people Quote
 

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people” — Daniel Webster

 

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In this quote, Daniel Webster is warning about the dangers of having too much paper currency, or “irredeemable paper”, in circulation without being backed by a commodity like gold or silver. By “irredeemable paper” he is referring to banknotes or promissory notes that are not redeemable for specie (gold or silver coins). Webster believed that having a currency made up solely of paper notes without commodity backing would lead to a loss of confidence in the value of money.

This in turn could lead to “broken promises” if banks could not redeem paper money for gold/silver as promised, “bad faith” if the paper currency was not trustworthy, “bankrupt corporations” as businesses struggled without a stable currency, “cheated creditors” who could not collect debts of known value, and ultimately a “ruined people” as the economy suffered from a lack of sound money.

In essence, Webster was warning of the dangers of fiat currency not tied to a commodity standard, and the economic and social problems that could arise from having “mere paper” as legal tender without real value behind it. He felt this could overwhelm and ruin the country’s financial system and prosperity.

W.E.B. Dubois: Debt to Creditors

Posted by admin on Sunday, March 15, 2020

W.E.B Dubois Money Quote saying your creditors own a piece of you and have significant power over your financial life. W.E.B Dubois said:
 
If you are in debt, part of you belongs to your creditors. To whom you give your money, you give your power Quote
 

“Many a ruined man dates his downfall from the day he began buying what he did not need. If you are in debt, part of you belongs to your creditors. To whom you give your money, you give your power” — W.E.B Dubois

 

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This quote from W.E.B. Du Bois suggests that excessive spending on non-essential items can lead one toward financial ruin, and taking on debt obligations compromises one’s independence and autonomy by giving creditors influence over decisions. Some key points in interpreting his perspective:

  • Du Bois implies that purchasing luxury goods or experiences beyond one’s means is a path that often ends in debt difficulties and economic hardship.
  • He portrays debt as a type of relinquishment of self-determination, with lenders effectively wielding “power” over debtors through their financial leverage from loan balances.
  • However, reasonable experts also note that some debt, like low-interest student loans or mortgages, can enable important goals for some individuals if the terms are suitable and the debt is managed responsibly as part of a holistic financial strategy.
  • A balanced interpretation is that while reflecting Du Bois’ cautious viewpoint, personal finance requires moderation – neither excessive debt nor a complete avoidance of debt optimize well-being for all, as circumstances and priorities vary significantly between individuals.

Overall, the quote conveys Du Bois’ belief in avoiding non-essential spending and debt obligations that compromise independence. But the best analysis also considers counterarguments and recognizes that for some, limited, short-term debt can make sense in certain contexts if responsibly planned as part of a holistic approach, while others prioritize avoiding debt altogether according to their risk tolerance and needs over the lifetime. Multiple reasonable viewpoints exist in ongoing discussions of these complex topics.

Marcus Tullius Cicero: Memory of Old People

Posted by admin on Monday, May 19, 2014

Marcus Tullius Cicero Money Quotation saying old people are not forgetful where spending or owing money is involved. Marcus Tullius Cicero said:
 
Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors Quote
 

“Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors” — Marcus Tullius Cicero

 

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In this quote, Marcus Tullius Cicero is making an observation about what older people tend to remember as they age. When he says older people recall “the dates fixed for their lawsuits, and the names of their debtors and creditors”, Cicero suggests that the legal and financial details seniors store in their memory often relate to self-interested matters rather than broader knowledge.

He implies the elderly predominantly remember specifics that pertain to their own financial situations and legal affairs, like dates for court cases, and who owes them money or who they owe. The quote conveys Cicero’s view that advanced age can come with a narrowing of memory focused more on personal issues rather than retaining a wide range of information.

Money Quotes Daily

Money Quotes Daily