Posts Tagged ‘poor’

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Noelle Stout: Poor Living Wage

Posted by admin on Wednesday, July 26, 2023

Meaning of Noelle Stout Money Quote: saying The poor suffer from the commodification of debt products and pay ever more for being poor. Noelle Stout said:

 
labor into a wage -- or a living wage, for that matter -- but rather of becoming indebted and, through the commodification of these debts, paying an ever-higher price for being poor Quote

“Being poor is not simply a matter of lacking opportunities to convert one’s labor into a wage — or a living wage, for that matter — but rather of becoming indebted and, through the commodification of these debts, paying an ever-higher price for being poor” — Noelle Stout

 

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In this quote, Noelle Stout is discussing the high costs and financial burdens that poverty can place on people. She argues that being poor is not just about lacking opportunities to earn enough money through work or a living wage. Rather, she says that poverty often results in people becoming indebted or taking on debt, and then having to pay increasingly high costs and interest on that debt over time due to their financial circumstances.

Stout refers to this as the “commodification of debts”, meaning that debts owed by poor people essentially become commodified financial products that are traded and can accumulate more and more costs. So her point is that poverty is not just about low income, but also about the cycle of debt and high costs that the poor often face, which in a sense makes them “pay an ever-higher price for being poor” through the interest and fees attached to their debts over time.

Joseph Conrad: Avoid Debt

Posted by admin on Tuesday, July 18, 2023

Meaning of Joseph Conrad Money Quote: saying Don’t become indebted and paying interest – instead earn. Joseph Conrad said:
 
Avoid debt. The poor pay interest, while the rich earn interest Quote
 

“Avoid debt. The poor pay interest, while the rich earn interest” — Joseph Conrad

 

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In this quote, Joseph Conrad is advising people to avoid debt because it can perpetuate financial hardship. He points out that those who are poor and need to borrow money end up paying interest on their debts, which keeps them trapped in a cycle of owing more over time. Meanwhile, the rich are able to earn interest by lending their money to others or investing it.

Conrad’s message suggests that maintaining a debt-free lifestyle is important for financial freedom and security, while taking on debt is more likely to benefit those who are already wealthy by providing them interest income from others who borrow. His interpretation emphasizes how debt can worsen the circumstances of the poor while further increasing the means of the rich.

Matshona Dhliwayo: Rich Peace

Posted by admin on Friday, June 16, 2023

Meaning of Matshona Dhliwayo Money Quote: saying what makes you wealthy is peace and contentment, not so much debt. Matshona Dhliwayo said:

 
if you have debts, you are poor;  assets - fortunate; money - privileged; peace - rich;  contentment - wealthy Quote
 

“If you have debts, you are poor; if you have assets, you are fortunate; if you have money, you are privileged; if you have peace, you are rich; and if you have contentment, you are wealthy” — Matshona Dhliwayo

 

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This quote from Matshona Dhliwayo suggests that true wealth and prosperity are not defined solely by financial metrics like debt levels, asset holdings or monetary sums. Some key points in interpreting the perspective:

  • Dhliwayo implies being debt-free is preferable to being indebted, but assets do not guarantee fortune, and money alone does not equate to privilege.
  • She portrays having peace of mind and contentment as the hallmarks of being truly “rich” and “wealthy” rather than any monetary measure.
  • Dhliwayo’s perspective conveys that well-being stems from inner qualities like tranquility and life satisfaction rather than external factors alone.
  • A balanced interpretation acknowledges both Dhliwayo’s viewpoint promoting non-financial definitions of wealth, and the reality that reasonable people can disagree on what constitutes fulfillment since it depends on individual priorities and philosophies.

Overall, the quote reflects Dhliwayo’s belief that contentment, not balancesheets alone, define prosperity. But the best analysis considers this perspective as one of many valid stances, and recognizes that for many, prudent personal finance optimizes well-being by providing security to freely pursue life’s deeper meanings according to one’s own values and changing needs over time.

Josh Lieb: Rob Bank You Own

Posted by admin on Thursday, May 18, 2023

Meaning of Josh Lieb Money Quote: saying there is no need to be a bank robber if you own the bank because you have ready access to money. Josh Lieb said:

 
Crime is for poor people. You don't need to rob the bank if you own it Quote
 

Crime is for poor people. You don’t need to rob the bank if you own it” — Josh Lieb

 

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In this quote, Josh Lieb is making a commentary on wealth, power and crime. By stating “Crime is for poor people” and contrasting it with owning a bank, Lieb implies that those who are already extremely wealthy do not need to resort to illegal acts like robbery to acquire money.

The implication is that tremendous wealth can effectively shield one from having to engage in criminal behavior out of financial necessity. Overall, Lieb seems to be observing how affluence can place one beyond the reach of the legal system and reduce the incentives to break the law, for better or worse.

Alan Sheinwald: Nice Have Money

Posted by admin on Tuesday, May 9, 2023

Meaning of Alan Sheinwald Money Quote: saying it’s always nice when you’ve got some money – whether rich or poor. Alan Sheinwald said:
 
Rich or poor it’s nice to have money Quote
 

Rich or poor it’s nice to have money” — Alan Sheinwald

 

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This quote from Alan Sheinwald suggests that having money provides benefits regardless of whether one is wealthy or impoverished. Some key points in interpreting his perspective:

  • Sheinwald implies that financial resources confer advantages and options to both the affluent and those struggling with limited means.
  • He portrays money as desirable for what it enables across all economic classes, from basic necessities to discretionary purchases and investments.
  • However, reasonable people can disagree on the degree to which material comfort correlates with well-being, as money is just one of many factors that determine quality of life.
  • A balanced interpretation acknowledges both Sheinwald’s viewpoint that money offers utility, and the reality that non-monetary qualities like health, relationships, purpose and life satisfaction also profoundly shape experiences and priorities for individuals according to their unique circumstances.

Overall, the quote conveys Sheinwald’s belief that monetary resources confer advantages. But the best analysis considers this perspective as one of many valid stances, and recognizes that personal finance involves complex interactions between resources, relationships, life events and philosophies that shape prosperity – and no single factor alone determines outcomes or priorities for individuals according to their unique paths. Multiple perspectives have merit in discussions of optimizing welfare.

Jean-Jacques Rousseau: Afford It

Posted by admin on Sunday, April 30, 2023

Meaning of Jean-Jacques Rousseau Money Quote: saying when we want things we can’t afford, we feel we are in poverty, even if wealthy. Jean-Jacques Rousseau said:
 
something that we can't afford, we can be counted as poor, how much money we may actually have Quote
 

“Every time we seek something that we can’t afford, we can be counted as poor, how much money we may actually have” — Jean-Jacques Rousseau

 

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This quote from philosopher Jean-Jacques Rousseau is conveying that true wealth is not solely defined by the amount of money or possessions one has. Rather, it’s about living within one’s means and not constantly desiring things that are beyond one’s financial capabilities.

The quote suggests that even if someone earns a high income or has significant assets, if they are always wanting more and coveting goods they realistically cannot afford, then in an important sense they remain “poor.”

True affluence, according to Rousseau, involves being content with one’s circumstances and avoiding the mindset of always needing more.

So the quote aims to reframe how we should think about wealth and poverty – the measure is not just dollar amounts but also having prudent spending habits aligned with one’s actual financial resources and situation.

Robert T. Kiyosaki: Work For Money

Posted by admin on Thursday, April 20, 2023

Meaning of Robert T. Kiyosaki Money Quote: saying the poor and middle class work for money, while the rich have money work for them instead. Robert T. Kiyosaki said:

 
The poor and the middle class work for money. The rich have money work for them Quote
 

“The poor and the middle class work for money. The rich have money work for them” — Robert T. Kiyosaki

 

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This quote from Robert T. Kiyosaki suggests that those with lower incomes work to earn money through employment, but the wealthy are able to generate income from their existing assets and businesses rather than labor. Some key points in interpreting his perspective:

  • Kiyosaki implies that the poor and middle class must exchange their time and effort for wages or salaries from employers to obtain money, while the rich have money-making assets that function independently.
  • He portrays the affluent as being in a position where their money is “working for them” by producing returns through means like investments, real estate rentals, or businesses they own rather than work for an hourly wage.
  • However, reasonable people can disagree on broad characterizations, as income streams and wealth vary widely both within and between socioeconomic classes in complex, diverse economies and societies.
  • A balanced interpretation acknowledges Kiyosaki aims to contrast lifestyles but recognizes that financial circumstances are shaped by many factors and can change throughout one’s lifetime based on opportunities, priorities, relationships and life events according to personal situations.

Overall, the quote conveys Kiyosaki’s perspective on different approaches to earning income at varying wealth levels. But the best analysis considers this as one viewpoint, and recognizes that responsible stewardship of resources and bettering communities involves open-minded discussions recognizing both common ground and the diversity of human experiences according to philosophy, culture and changing needs over time.

Khushwant Singh: Morality Money

Posted by admin on Sunday, April 2, 2023

Meaning of Khushwant Singh Money Quote: saying having an expected amount of morals only for those with sufficient money, instead religion. Khushwant Singh said:
 
Morality is a matter of money. Poor people cannot afford to have morals. So they have religion Quote
 

“Morality is a matter of money. Poor people cannot afford to have morals. So they have religion” — Khushwant Singh

 

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This quote from Khushwant Singh suggests that those with limited financial means may rely more on religion for guidance and meaning, where the affluent can depend more on personal ethics and principles. Some key points in interpreting his perspective:

  • Singh implies that lacking economic security, the poor may find solace and rules for living more in faith traditions that offer community aid and moral codes rather than individual discretion.
  • He portrays the wealthy as having the “luxury” of deciding right from wrong based on conscience alone rather than requiring religious affiliation for basic welfare needs.
  • However, reasonable people can disagree on this view, as morality, spirituality and social responsibility take on diverse forms according to personal philosophy and what optimizes well-being is an ongoing discussion as conditions change.
  • A balanced interpretation acknowledges both Singh’s observation and the reality that people of integrity find purpose through a diversity of paths including both ethics and faith, according to their situations.

Overall, while reflecting Singh’s perspective, the best analysis considers this as one viewpoint in ongoing discussions. The quote captures one observation, but individuals define prosperity differently according to temperament and priorities.

Multiple factors shape communities, and optimizing welfare involves open-minded consideration of evidence-based solutions respecting all people’s capacity to contribute from their own philosophies and situations over the lifespan.

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