"No Man is richer for having his Estate all in Money, Plate, etc. lying by him, but on the contrary, he is for that reason the poorer"
- Dudley North
About this Quote
This quote by Dudley North is stressing the value of investing and using one's wealth. North is recommending that having all of one's wealth in the kind of cash, plate, and so on is not helpful and does not make one richer. Rather, North is recommending that having one's wealth bought other kinds, such as stocks, bonds, and real estate, is the very best method to increase one's wealth. North is suggesting that having one's wealth in the type of money, plate, etc is not a wise decision since it does not create any additional income or increase in value. North is suggesting that investing one's wealth in other kinds is the very best method to increase one's wealth and become richer. North is stressing the importance of utilizing one's wealth in order to end up being richer, instead of merely having it sit idle.
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"