A Quote by Ralph Waldo Emerson

Put God in your debt. Every stroke shall be repaid. The longer the payment is with-held, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.

Ralph Waldo Emerson

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Better Compound Compound Interest Debt Every God Held Interest Longer Payment Put Rate Shall Stroke Usage Your

Quote Author

Ralph Waldo Emerson
American - Philosopher
May 25, 1803 - April 27, 1882

There is a third silent party to all our bargains. The nature and soul of things takes on itself the guaranty of the fulfillment of every contract, so that honest service cannot come to loss. If you serve an ungrateful master, serve him the more. Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.

Ralph Waldo Emerson

First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.

Sallie Krawcheck

Compound interest on debt was the banker's greatest invention, to capture, and enslave, a productive society.

Albert Einstein

Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.

Benjamin Graham

Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.

Ward Cunningham

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

Warren Buffett

Good and evil increase at compound interest. That's why the little decisions we make every day are of infinite importance.

C. S. Lewis

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Milton Friedman

Karma is an energy debt which you owe or an energy credit which is owed you. Both involve compound interest that is added to the equation making it either a burden or a blessing.

Paul Russo

If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.

Milton Friedman

Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.