Quotes & Sayings About Borrowing Money

I was only 21 when I bought a five-bedroom detached house in Stoke-on-Trent that was way outside of my financial status in life. I did it by borrowing money from my family and the bank, taking out a huge mortgage. — John Caudwell

Basically he never went to work and didn't have a job. Of course I thought he did. I thought he was on the phone doing business deals instead of borrowing money from people. — Christie Brinkley

We are borrowing money from future generations. We are borrowing the carbon impact, the resource impact from future generations to get stuff cheap now. We have swept the dirt and dust from our society under the carpet - but this carpet is on other side of the planet. — Kevin McCloud

Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market. — Jean Chatzky

It is usually impossible for a large body of people to support themselves indefinitely by borrowing money, although a few people enjoy a great success at it for a time. — Ernest Hemingway,

Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money. — Joseph E. Stiglitz

Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money. — Richard Wagner

The human world is a long way from meeting the needs of the present, and it is borrowing massively from the future - not only by piling up money debt, but also by degrading the resources from which all real wealth ultimately comes. — Donella Meadows

Before borrowing money from a friend it's best to decide which you need most. — Joe Moore

The surest way to ruin a man who doesn't know how to handle money is to give him some. — George Bernard Shaw

Except for the con men borrowing money they shouldn't get and the widows who have to visit with the handsome young men in the trust department, no sane person ever enjoyed visiting a bank. — Martin Mayer

Don't borrow money from a neighbor or a friend, but of a stranger where, paying for it you shall hear of it no more. — William Cecil, 1st Baron Burghley

The present presses automatically on you. The future does not. To attend to the future requires bandwidth, which scarcity taxes. When scarcity taxes our bandwidth, we become even more focused on the here and now. We need cognitive resources to gauge future needs, and we need executive control to resist present temptations. As it taxes our bandwidth, scarcity focuses on the present, and leads us to borrow. — Sendhil Mullainathan

The success of a business hinges entirely on its ability to generate cash. If a business cannot generate enough cash to grow, or at least sustain its operations, it has to save its behind by borrowing money, selling more stock, or shedding assets - none of which are good for investors. — Joel Ponzio

Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt ... all just to make some easy money quick. — Will Rogers

From borrowing one gets poorer and from work one gets richer. — Isaac Bashevis Singer

The American electorate are getting disgusted with weaklings who blow where the wind takes them while frittering away our precious lifeblood and borrowing money from our new owners, the Chinese. — Cindy Sheehan

If borrowing and spending all this money led to more jobs than we would be at full employment already. — Paul Ryan

Who goeth a borrowing. Goeth a sorrowing. — Thomas Tusser

Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why is your Banker the richest man in your Town? Why is your Bank the biggest and finest building in your Town? Instead of passing Bills to make borrowing easy, if Congress had passed a Bill that no Person could borrow a cent of Money from any other person, they would have gone down in History as committing the greatest bit of Legislation in the World. — Will Rogers

Having renounced his native land, Sanger adopted no other. He roved about from one European capital to another, never settling anywhere for long, driven forwards by his strange, restless fancy. Usually he quartered himself upon his friends, who were accustomed to endure a great deal from him. He would stay with them for weeks, composing third acts in their spare bedrooms, producing operas which always failed financially, falling in love with their wives, conducting their symphonies, and borrowing money from hem. His preposterous family generally accompanied him. Few people could recollect quite how many children Sanger was supposed to have got, but there always seemed to be a good many and they were most shockingly brought up. — Margaret Kennedy

And the irony is that the war purchases are recorded as a positive for economic growth and the GDP. Though the war spending is an economic negative and provides no improvement in the people's standard of living, the government statisticians brag about an upward blip in the GDP. Besides, these bills are paid for by borrowing and printing money, thus increasing future debt obligations and causing higher prices for the next generation. — Ron Paul

Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments. — John James Cowperthwaite

Well, Harry Reid and other members of congress, they're just furious over this Olympic uniform deal. He says we should burn the uniforms, and it's an embarrassment and a disgrace. Not as embarrassing as congress constantly borrowing money from the Chinese, but still embarrassing. — Jay Leno

There is no practice more dangerous than that of borrowing money — George Washington

I was broke from 19 to 26, borrowing money from my parents or my brothers or sisters every week to pay the bills. — Chelsea Handler

The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go up for all New Zealanders. — John Key

Infatuation is not quite the same thing as love; it's more like love's shady second cousin who's always borrowing money and can't hold down a job. — Elizabeth Gilbert

The family. We were a strange little band of characters trudging through life sharing diseases and toothpaste, converting one another's desserts, hiding shampoo, borrowing money, locking each other out of our rooms, inflicting pain and kissing to heal it in the same instant, loving, laughing, defending and trying to figure out the common thread that bound us all together. — Erma Bombeckk

Mexico is offering a $3.8 million reward for information leading to the capture of the escaped billionaire drug lord, El Chapo. Mexico said they'll get the money by borrowing it from El Chapo. — Conan O'Brien

On economic matters Garrett had a brilliant simplicity. In November 1913, while editor of the Annalist, he began a monthly column on money in Everybody's, writing as John Parr. One of the most common questions from readers was why the government simply didn't print money to spend on public works, instead of borrowing it at interest. It was a variant of the Coxey idea. Garrett explained that money is not wealth, but a claim on wealth, and that you do not add to wealth by creating more claims to it.4 — Bruce Ramsey

I'm just proud that I created something that helped me pay my bills because I was so flat broke. I was borrowing money from my mother to stay afloat, and that was kind of uncomfortable. — Marc Cherry

If any Republican nominee wants to run on the idea that borrowing money and printing it up and sending it to foreign countries that often hate us and burn our flag and think it's a good idea, feel free to run on that issue. But it's not really popular with the people. — Rand Paul

If you're that hard up for money, Pidge ... "
"I'm not borrowing money from you," she sneered.
"I was gonna suggest pawning that bracelet." I smiled. — Jamie McGuire

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas. — Peter DeFazio

I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money ... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue. — Wright Patman

My parents had no money, but they had strong values that I've carried throughout my life - things like not going into debt, never borrowing money, never leveraging, paying your bills on time, keeping your agreements, selling customers the right things, treating employees right, and growing things. — Jack Dangermond

I am not that good a manager for me to be comfortable borrowing someone else's money. — Jack Dangermond

I've seen more people fail because of liquor and leverage
leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. — Warren Buffett

Big banks are more dangerous than standing armies, and the practice of borrowing and spending money to be paid back by the next generation is stealing from their future. — Thomas Jefferson

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't. — John Podhoretz

He sagged to his knees. He ached all over. It wasn't just that his brain was writing cheques that his body couldn't cash. It had gone beyond that. Now his feet were borrowing money that his legs hadn't got, and his back muscles were looking for loose change under the sofa cushions. — Terry Pratchett

Don't ask to borrow unless you intend to repay them. — Mark Romagna

Don't cling to fame. You're just borrowing it. It's like money. You're going to die, and somebody else is going to get it. — Sonny Bono

There were two friends, one of these two friends was money borrower, he had no other work than to borrow and he was feeding on any money that he was borrowing. One day, he borrowed £1 from his friend. After a year his friend who lent him the money, asked him to refund the £1 to him, but the borrower said that he would not pay the £1 and said that he had never paid any debit since he was borrowing money and since he was born. When — Amos Tutuola

Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money. — James Buchan

The first step in taking control of your money is to stop borrowing money. Start using cash today. — Dave Ramsey

I always thought I'd buy my mother a house if I ever became successful - a big, beautiful house on the nicest street in town. It didn't exactly work out that way. I was still borrowing money from her in my 40s. — Tom Shales

You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it. The other reason is I never thought I would be way happier when I had 2X instead of X. You ought to have a good time all the time as you go along. — Warren Buffett

I got the call to play Tony Manero in 'Saturday Night Fever' in Madrid, a role I'd always wanted, as it's such a well-constructed show, and my background is in musical theatre. I'd been travelling back and forth between London and Spain for auditions and had been borrowing money from friends to do it. — Juan Pablo Di Pace

We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts? — Jeb Hensarling

I would borrow money all day long, if the cost of borrowing is less than the expected return. — Brad Schneider

You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done. — Meredith Whitney

We Americans are not about to stop borrowing as long as they give us money for nothing. — Kenneth Rogoff

The old-fashioned idea is that responsibility falls upon those who borrow and lend. Money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from borrowing, indeed often suffered grievously from its effects. — Noam Chomsky

If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock. — Stanley Druckenmiller

Nature has arranged that when you overcome a given inertia the resulting momentum is proportionate. If I were to begin borrowing money I would end by devising means of persuading the Secretary of the Treasury to lend me the gold reserve. — Rex Stout

The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. — Howard Warren Buffett

As I have said for many years throughout this land, we're borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the future of human civilization. Every bit of that has to change. — Al Gore

The lie that happiness is about borrowing money you haven't got to buy crap you don't need," says Ian. "The lie that we live in a democratic state. And the most weaselly lie of all, that there is no class war. — David Mitchell

Lots of fellows think a home is only good to borrow money on. — Kin Hubbard

If you would know the value of money, go and try to borrow some; for he that goes a borrowing goes a sorrowing, as Poor Richard says; and indeed so does he that lends to such people, when he goes to get it in again. — Benjamin Franklin

I'm a Conservative who believes in lower taxes. They lead to a more enterprising economy. But I'm not somebody who believes you can fund lower taxes by borrowing more money. — George Osborne

That's the real secret to job creation - not borrowing and spending more money in Washington. — Paul Ryan

Credit' comes from the Latin 'credere', 'to believe', for credit is the belief that the money you're borrowing will someday be returned, a belief that needs the future to function in. — Robert Rowland Smith

These kids understood what is not immediately obvious; that they were going to pay the bills for tax cuts that had been passed today or in the last 4 years, and for the war in Iraq, because essentially we are borrowing money to do those things. — Tom Allen