A Quote by George Washington
There is no practice more dangerous than that of borrowing money; for when money can be had in this way, repayment is seldom thought of in time, the interest becomes a loss, exertions to raise it by dent of industry cease, it comes easy and is spent freely, and many things (are) indulged in that would never be thought of if (they were) to be purchased by the sweat of the brow.
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There is no practice more dangerous than that of borrowing money
My whole thing in life is I just want freedom. I thought that money would give me that freedom. I was wrong. It bound me more than it freed me, because now I had more things to worry about, more people asking for money, I thought I had to buy a house and nice cars and different things that people with money are supposed to do.
Fifteen years ago, nobody thought that content would ever work as a business. It was impossible to raise any money, initial investments were $10,000, seldom $100,000. It is only over the last two or three years that we have started to see very large amounts of capital coming into the digital industry. That has created a lot more competition.
Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.
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.
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.
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.
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.
I had a party to raise money, spent 15 grand on the party alone. People ate, drank and left. I thought all these bigwig ballplayers would give; you know I had all the big players come. Nothing, I lost money on that party. I think maybe someone put like $400 in the pot or something. I was like come on, throw me a bone!
I never thought of myself as a wealthy person. I've thought of myself as a person who has had a lot of luck. I don't have the same stress that other people have, but there are too many things I could have done differently if wealth was what I was after. If I was all about money, I would have lived in L.A.
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.
There are a lot of people who say we need to cut the amount of money that's spent in politics. I'm not sure that I agree. But I am sure that if you were talking about cutting the amount of money spent in politics, the media would have a strong interest in opposing you, because they make an enormous amount of money from political advertisements.
I thought I would make so much money and be the next Ray Leonard. Maybe it was farfetched, but I thought I could be a megastar. I could fight, and I had a lot of crossover appeal that was necessary to promote myself. I thought I'd make a ton of money and live off of it the rest of my life.
When I first thought about leaving the traditional route of a 9-to-5 career to pursue full-time YouTube, it was terrifying - not many people were doing it. The thought was I have to have money saved up, because this very likely might fail. From the start, I had to give it my all for it to work.
I turn down invitations to do things for money. I have almost no interest in making money. Actually, I've acquired a fair amount of money that I will never live to spend. So earning money, in a way, depresses me, because I feel it's just piling up.
I really believe that fact that I have such power in terms of numbers with Facebook, Twitter, Instagram, et cetera, I think it helped me win all of these races where others spending much more money than I spent. You know, I spent my money. A lot of my money. And I won. I think that social media has more power than the money others spent, and I think maybe to a certain extent, I proved that.
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