Jesse H. Jones: Can’t Pay Back

Jesse H. Jones Money Quote saying The worst thing you can do to someone is loan them more than they can afford to repay. Jesse H. Jones said:
 

 

“One of the greatest disservices you can do a man is to lend him money that he can’t pay back” — Jesse H. Jones

In this quote, Jesse H. Jones is cautioning against lending money to someone who will be unable to repay it.

Specifically, he suggests that providing a loan that the borrower has no realistic means of paying back does them a “disservice” or harm. It places them in a situation of debt they cannot resolve through their own means.

The best interpretation is that Jones believed lending money to someone without properly assessing their ability to repay is detrimental and does not truly help the borrower. It only sets the person up for financial struggles as they are unable to meet the obligations of the loan.

Overall, Jones appears to be advising lenders to only extend credit to individuals who have a clear path and capacity for repayment, in order to avoid doing the borrower the disservice of placing them in an unresolvable debt situation. Responsible lending requires evaluating a borrower’s ability to pay back what they owe.

Birthday: April 5, 1874 – Death: June 1, 1956

Mark: Want to Borrow Money

Mark 5:42-43 Money Quote saying that when you meet people in need, help them, give to them and lend to them if they ask. Mark 5:42-43 said:
 

 

“When people ask you for something, give it to them. When they want to borrow money, lend it to them” — Mark 5:42-43

This Bible quote from Mark is advising Christians to generously help those who ask for assistance. The context suggests Jesus is teaching his followers to show compassion to anyone in need.

However, some caution is needed in interpreting it for modern applications. While encouraging generosity, it’s unwise to lend money without consideration for ability to repay.

The overriding message seems to be that Christians should support others less fortunate, when reasonable and able to do so.

Leviticus 25: Not Lend Money Usury

Leviticus 25 Money Quote saying don’t be usurious or attempt to profit from the misfortune of others in poverty or hunger. Leviticus 25 said:
 

 

“If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you. Take no usury or interest from him; but fear your God, that your brother may live with you. You shall not lend him your money for usury, nor lend him your food at a profit” — Leviticus 25

This verse from the book of Leviticus in the Bible provides guidance on how Israelites were instructed to treat their fellow Israelites who fell into poverty. On a surface level, it says that if a Hebrew person became poor, they should be helped and supported by others in the community so that they may continue living among their brethren.

More deeply, it prohibited charging interest or profiting from lending them money or food, telling them instead to “fear your God” and help their brother freely in his time of need.

The overarching interpretation is that the verse promoted a social ethic of mutual aid and protection of the vulnerable within their own ranks, ensuring basic support for any member who struggled financially so they would not be further exploited or marginalized due to their poverty.

George Jean: Lend Friend Money

George Jean Money Quote saying if you’d like to lose a friend, you can take your pick of lending or not lending them money. George Jean said:
 

 

“A ready way to lose your friend is to lend him money. Another equally ready way to lose him is to refuse to lend him money. It is six of one and a half dozen of the other” — George Jean

Paul Louis Courier: To Lend Money

Paul Louis Courier Money Quote saying that if you’d like present company to depart, loan them some money. Paul Louis Courier said:
 

 

“The surest way to get rid of a bore is to lend money to him” — Paul Louis Courier

In this quote, Paul Louis Courier seems to be making a humorous observation about relationships and personal finances. By stating that the “surest way to get rid of a bore is to lend money to him”, Courier implies that lending funds to someone who annoys or pesters you is an effective way to damage or sever the relationship.

The tone suggests Courier is wryly commenting that mixing money and friendship can introduce tensions that drive people apart. Overall, the quote portrays Courier’s perspective, intended in a lighthearted way, that financial dealings sometimes complicate bonds in a manner that eliminates unwanted social interactions and obligations.

Birthday: January 4, 1772 – Death: April 10, 1825

Ralph Waldo Emerson: Solvent Debt

Ralph Waldo Emerson Money Quote saying it’s easy to rationalize national debt based on the idea that Uncle Sam is good for it. Ralph Waldo Emerson said:
 

 

“Solvency is maintained by means of a national debt, on the principle, If you will not lend me the money, how can I pay you?” — Ralph Waldo Emerson

In this quote, Ralph Waldo Emerson seems to be satirically commenting on the concept of national debt. By stating that solvency is maintained through debt “on the principle” of if you won’t lend money how can it be repaid, Emerson appears to be using irony to highlight the somewhat circular logic around government borrowing.

The quote implies that debt obligations are perpetuated by the need to take on more debt to meet prior debt commitments. Overall, Emerson’s tone suggests he is poking fun at how national financing relies on constant refinancing of existing liabilities, with new loans effectively “paying” old ones rather than truly resolving financial obligations. The dry wit points to Emerson viewing this mechanism with some skepticism or criticism.

Birthday: May 25, 1803 – Death: April 27, 1882

Warren Buffett: Trump Terrific at Borrowing

Warren Buffett Money Quote saying Donald Trump is more interested in ostentatious display than equity and fairness in real estate and got overextended. Warren Buffett said:
 
 

 

“Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there” — Warren Buffett

In this quote, Warren Buffett is criticizing Donald Trump’s past business practices related to borrowing money. Buffett says that Trump became too focused on how much money he could borrow from lenders, without properly considering whether he would be able to repay what he owed.

According to Buffett, this over-reliance on borrowed funds, or “leverage,” ultimately led to some of Trump’s business failures. Overall, Buffett is warning about the risks of taking on too much debt without having a clear plan for how to service and repay that debt over time.

Malvina Reynolds: Lend Your Magic Penny

Malvina Reynolds in Magic Penny Money Quote from music saying making use of money increases it beyond original value and makes it grow. Malvina Reynolds in Magic Penny said:
 

 

“It’s just like a magic penny, Hold it tight and you won’t have any. Lend it, spend it, and you’ll have so many They’ll roll all over the floor” — Malvina Reynolds

This quote from Malvina Reynolds suggests that being too tight-fisted with money is counterproductive, as holding on too tightly to even a single penny means having none at all.

However, if one is generous with their money by lending or spending it, they will end up accumulating many more pennies through circulation and exchange.

The quote implies that a penny that is shared and circulated gains value, while a penny hoarded alone loses value. It highlights how freely sharing modest financial resources can paradoxically lead to greater abundance over time rather than scarcity.

#LuckyPennyDay #NationalLuckyPennyDay May 23