Thomas Jefferson: Earn First, Then Spend

Thomas Jefferson Money Quote saying With expectations of money comes the urge to spend before cash is received. Wait until money is in hand. Thomas Jefferson said:
 

 

“Never spend your money before you have earned it” — Thomas Jefferson

This quote from Thomas Jefferson advises against taking on financial obligations like debt before having the income to support them. He seems to be encouraging people to live within or below their means by only spending money they’ve already earned through work, investments or other revenue sources.

The implication is that spending in advance of earning sets one up for potential money problems down the road if expenses aren’t covered by present or future cash flow.

Overall, the quote suggests it’s prudent to avoid debt or other long-term financial commitments unless and until sufficient funds have been accumulated, as a way to help maintain fiscal responsibility and stability over time.

Birthday: April 13, 1743 – Death: July 4, 1826

Toni Fan: Data Economy Income

Toni Fan Money Quote saying our work online will be paid enough to fully replace what we do offline to earn a living. Toni Fan said:
 

 

“In the next stage of the data economy, online income from digital labor will replace wages earned offline, allowing us to make a living off the data we share” — Toni Fan

In this quote, Toni Fan is predicting that in the future, income earned from digital labor and monetizing personal data online will replace traditional wages from offline jobs. Fan seems to be referring to the growing “data economy” where companies pay users or compensate them in other ways for sharing their personal data and digital activities.

The quote suggests that Fan believes digital platforms will evolve to a point where people can generate an income stream solely from the data they produce, whether through targeted ads, selling anonymized data insights, microwork like content moderation, or other emerging digital labor.

Fan is envisioning a shift where online data sharing and digital work become a mainstream way for individuals to financially support themselves without having to hold a conventional nine-to-five job.

Robert Dole: Purpose of Tax Cut

Robert Dole Money Quote saying tax cut is intended to leave money in hands of working Americans. Robert Dole said:
 

 

“The purpose of a tax cut is to leave more money where it belongs: in the hands of the working men and working women who earned it in the first place” — Robert Dole

In this quote, Robert Dole is expressing his view that the goal of enacting tax cuts should be to allow citizens to keep more of the money they have earned through their work and labor. Dole argues that the money generated by taxpayers through their employment rightfully belongs to the “working men and working women” who originally earned it, not the government.

His perspective is that taxes diminish individuals’ ability to benefit fully from the fruits of their own work. So by reducing taxes, Dole believes workers are better able to retain a larger share of their hard-earned income that he views as rightfully theirs, rather than having it collected in taxes.

Overall, the quote conveys Dole’s philosophy that tax cuts empower ordinary citizens by leaving a greater portion of their wages in their own hands as opposed to the state.

Birthday: July 22, 1923 – Death: December 5, 2021

Thomas Sowell on Unearned Greed

Thomas Sowell Money Quotation saying wanting to keep versus wanting to take away from others are distinctly different types of greed. Thomas Sowell said:
 

 

“I have never understood why it is ‘greed’ to want to keep the money you have earned but not greed to want to take somebody else’s money” — Thomas Sowell

Thomas Sowell is questioning the double standard around the concept of greed as it applies to money. He argues that it is considered greedy when people want to retain the earnings from their own work and labor.

However, it is not typically seen as greedy when politicians or activists want to raise taxes on others in order to fund expanded government services. Sowell suggests this perspective is inconsistent and unfair.

By taxing the earnings of some for redistribution, the state is essentially taking money that others have rightfully earned through their own efforts. But this act of confiscating the property of others for public use is not usually called greedy.

Overall, Sowell appears to be criticizing the selective application of the term “greed” and advocating for a more even-handed view of individuals’ right to their own financial resources.

Birthday: June 30, 1930

Margaret Thatcher on Earning Pennies

Margaret Thatcher Money Quotation saying expecting pennies from heaven may keep the hopeful from earning them instead. Margaret Thatcher said:
 

 

“Pennies do not come from heaven, they have to be earned here on earth” — Margaret Thatcher

This quote from Margaret Thatcher suggests that financial resources and wealth are not given or found randomly – they must be generated through effort and work. Money does not simply appear or fall from the sky, it is earned by people through their labor and productivity.

The best interpretation of this quote is that a prosperous economy and society depend on individuals and businesses working hard to create value, innovate, start new ventures and provide goods and services to others in exchange for money.

Financial security and stability are achieved through active effort in the real world, not by passive good fortune or luck. This quote emphasizes the link between work, earnings and economic well-being.

Birthday October 13, 1925 – Death: April 8, 2013

H.W. Lewis on Earning a Place in the Future

H.W. Lewis Money Quotation saying the ability to build futures comes only to those who can see their place on the horizon. H.W. Lewis said:
 

 

“Those who are unwilling to invest in the future haven’t earned one” — H.W. Lewis

This quote from H.W. Lewis suggests that in order to have a successful future, one must be willing to invest time, money, effort or other resources into creating opportunities and laying foundations for future growth, progress or prosperity.

If a person is only focused on short-term gains or current comforts and not prepared to sacrifice some of the present for the benefit of the future, then they likely will not see much future success or return.

The quote encourages a mindset of building for tomorrow rather than just living for today, and implies that those who do not make such investments into their future “haven’t earned one” – meaning they should not expect to easily reap the rewards of a bright future that they put no effort into establishing.