Famous quote by Dudley North

Mobile Desktop
No Man is richer for having his Estate all in Money, Plate, etc. lying by him, but on the contrary, he is for that reaso
Like

"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.

About the Author

England Flag 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.

Go to author profile

Similar Quotes

Small: Prestige is the shadow of money and power - C. Wright Mills
C. Wright Mills
"Prestige is the shadow of money and power"
C. Wright Mills, Sociologist
Small: You cant get rid of poverty by giving people money - P. J. ORourke
P. J. O'Rourke
"You can't get rid of poverty by giving people money"
P. J. O'Rourke, Journalist
Small: A bank is a place that will lend you money if you can prove that you dont need it - Bob Hope
Bob Hope
"A bank is a place that will lend you money if you can prove that you don't need it"
Bob Hope, Comedian
Small: Economy does not lie in sparing money, but in spending it wisely - Thomas Huxley
Thomas Huxley
"Economy does not lie in sparing money, but in spending it wisely"
Thomas Huxley, Scientist
Small: Success isnt about how much money you make its about the difference you make in peoples lives - Jordan Belfort
Jordan Belfort
"Success isn't about how much money you make; it's about the difference you make in people's lives"
Jordan Belfort, Author
Small: Remember that credit is money - Benjamin Franklin
Benjamin Franklin
"Remember that credit is money"
Benjamin Franklin, Politician
Small: Given the choice, children who dont want for anything will not save... We have an obligation as parents to giv
Barbara Coloroso
"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"
Barbara Coloroso, Author
Small: A group or an artist shouldnt get his money until his boss gets his - Bobby Darin
"A group or an artist shouldn't get his money until his boss gets his"
Bobby Darin, Musician
Small: Money often costs too much - Ralph Waldo Emerson
Ralph Waldo Emerson
"Money often costs too much"
Ralph Waldo Emerson, Philosopher
Small: Id like to live as a poor man with lots of money - Pablo Picasso
Pablo Picasso
"I'd like to live as a poor man with lots of money"
Pablo Picasso, Artist