Posts Tagged ‘loan’

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Anthony Robbins: Pay Loan Interest

Posted by admin on Thursday, September 14, 2023

Meaning of Anthony Robbins Money Quote: saying The secret to bankers making money is 100% interest charged on their loans. Tony Robbins said:

 
The secret to bankers making money is 100% interest charged on the loan Quote
 

“You want to know the banker’s secret? Your interest payments will tack on an additional 100% or more to your loan value” — Anthony Robbins

 

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In this quote, Anthony Robbins seems to be highlighting the significant financial costs that can accumulate from interest on loans, particularly for consumers. A few key points:

  • By referring to the “banker’s secret”, Robbins suggests high interest is quietly adding large hidden fees to loans that consumers may not fully realize.
  • He states emphatically that interest payments alone will increase the total repaid on a loan by “100% or more” of the original principal amount borrowed.
  • This implies half or more of what people ultimately pay back to lenders like banks is actually covering the cost of interest rather than the initial sum lent.

Overall, Robbins appears to be bringing attention to how expensive borrowing can be due to compounding interest costs over time. The quote aims to warn loan recipients about the substantial financial burden that interest payments add, according to his perspective on banking practices and consumer lending.

Paul Laurence Dunbar: But Interest!

Posted by admin on Sunday, July 9, 2023

Meaning of Paul Laurence Dunbar Money Quote: saying It didn’t cost much, the loan was minor, but Oh Lord! that interest!. Paul Laurence Dunbar said:
 
 
Slight was the thing I bought,  Small was the debt I thought,  Poor was the loan at best —  God! but the interest! Quote
 

“Slight was the thing I bought, Small was the debt I thought, Poor was the loan at best — God! but the interest!” — Paul Laurence Dunbar

 

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Paul Laurence Dunbar seems to be using a financial metaphor to convey a deeper meaning in this quote. Some possible interpretations:

  • He took out a small loan (“slight was the thing I bought”) but underestimated the true cost (“small was the debt I thought”). The interest accumulated over time and grew much larger than expected (“God! but the interest”). This could refer to how even small transgressions or mistakes have unforeseen consequences.
  • It refers to how initial or minor indulgences or vices grow into larger problems over time, as the “interest” compounds. What starts as a small act balloons in significance.
  • On a spiritual level, it suggests that small sins or deviations from righteousness accumulate and multiply until they become overwhelming. The true cost is greater than anticipated.

Overall, the quote uses the metaphor of debt and interest to represent how small choices have unintended downstream effects that end up being much larger than we realize or “borrow” at the outset. The meaning depends on whether taken literally or applied metaphorically.

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.

Chris Tucker: How’s My Money?

Posted by admin on Wednesday, January 20, 2021

Chris Tucker Money Quote saying when a friend loans you money it’s only right that they should address the loan and not ignore it. Chris Tucker said:
 
You loan your friend money. You see them again, they don't say nothin' 'bout the money. 'How's ya mama doing?' Man, how's my money doin'? Quote
 

“You loan your friend money. You see them again, they don’t say nothin’ ’bout the money. ‘Hi, how ya doin’? How’s ya mama doing?’ Man, how’s my money doin’?” — Chris Tucker

 

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Wilt Chamberlain: Won’t Do Loans

Posted by admin on Saturday, December 26, 2020

Wilt Chamberlain Money Quote saying he that doesn’t lend to friends will not have many. Wilt Chamberlain said:
 
The man who won't loan money isn't going to have many friends - or need them Quote
 

“The man who won’t loan money isn’t going to have many friends – or need them” — Wilt Chamberlain

 

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Dave Ramsey: Payment Mortgage Loan

Posted by admin on Monday, January 15, 2018

Dave Ramsey Money Quote saying we are so inured to debt that we can only imagine ongoing payments for everything we possess, purchased with credit. Dave Ramsey said:
 
Americans cannot envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a 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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In this quote, Dave Ramsey is highlighting how normalized and accepted debt has become in modern American culture and society. He’s pointing out that many people cannot conceive of major purchases like a car, home, or education without financing them through long-term debt payments.

His implication is that this level of reliance on debt for routine or necessary expenses is problematic and prevents people from truly owning assets outright.

The quote suggests Dave Ramsey believes Americans should rethink their relationship with debt and the assumption that taking on loans is just an inevitable part of adulthood and consumerism.

Andreas Antonopoulos: Text Phone, Bank

Posted by admin on Monday, January 2, 2017

Andreas Antonopoulos Money Quote saying in his book ‘Internet of Money’ that the rapid expansion of Fintech to rural areas will lead to economic growth in rural areas without a bank. Andreas Antonopoulos said:
 
a simple text-messaging phone in the middle of a rural area in Nigeria, connected to a solar panel, into a bank terminal? Into an international loan-origination system? A stock market? An IPO engine? Quote
 

“What do you think happens when you suddenly are able to turn a simple text-messaging phone in the middle of a rural area in Nigeria, connected to a solar panel, into a bank terminal? Into an international loan-origination system? A stock market? An IPO engine?” — Andreas Antonopoulos

 

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Pope Francis: Influence of Mammon

Posted by admin on Friday, October 2, 2015

Pope Francis Money Quotation saying (in a reference to the first commandment) that the idolatry of money worship leads finance industry to take advantage of poor workers. Pope Francis said:
 
Pope Francis influence of mammon: corporations, loan agencies, certain ‘free trade’ treaties, and the imposition of measures of ‘austerity’ which always tighten the belt of workers and the poor quote
 

“The new colonialism takes on different faces. At times it appears as the anonymous influence of mammon: corporations, loan agencies, certain ‘free trade’ treaties, and the imposition of measures of ‘austerity’ which always tighten the belt of workers and the poor” — Pope Francis

 

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Pope Francis refers to some examples of “new colonialism” as:

  • Corporations that take advantage of workers and communities.
  • Loan agencies that impose harsh terms that hurt the poor and workers.
  • Certain free trade agreements that prioritize corporate interests over people.
  • Austerity measures imposed by international bodies that cut social services and make the poor and workers “tighten their belts.”

Pope Francis seems to be criticizing systems and policies that exploit the poor and workers for the benefit of large corporations and wealthy interests, similar to how colonial powers historically exploited indigenous peoples and took advantage of them economically.

Pope Francis is criticizing how austerity measures tend to disproportionately impact low-income groups. When governments implement austerity to reduce deficits, they often do so by cutting public spending on social services and welfare programs that support workers and the poor. This can include reducing unemployment benefits, healthcare subsidies, public housing assistance, and other social programs. Pope Francis argues that this shifts the burden of adjustment mainly onto those who are least able to afford it. His view is that austerity should not come at the expense of helping society’s most vulnerable members.

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