"If any man, out of an humour, should turn all his Estate into Money, and keep it dead, he would soon be sensible of Poverty growing upon him, whilst he is eating out of the quick stock"
- Dudley North
About this Quote
This quote by Dudley North is a caution versus hoarding cash. North recommends that if somebody were to convert all of their assets into money and keep it in a fixed type, they would quickly experience hardship. North is recommending that money needs to be kept in a liquid type, or "fast stock", in order to be able to utilize it to acquire goods and services. This quote is a reminder that money should be used to acquire things that will benefit the individual, instead of merely hoarding it. North's quote is a suggestion that money ought to be utilized to improve one's quality of life, rather than just being kept in a static type. Money needs to be utilized to acquire products and services that will benefit the individual, rather than merely being kept in a static kind. North's quote is a pointer that money should be utilized to improve one's quality of life, rather than just being kept in a static type.
This quote is written / told by Dudley North between May 10, 1641 and December 31, 1691. He/she was a famous Economist from England.
The author also have 9 other quotes.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"