A Quote by John Stumpf
I learned how to lend money by cleaning up the messes of others who had made loans before me.
Related Quotes
Life was a series of messes, and one spent one's time cleaning them up; if one had any heart at all one also gave a part of one's time to cleaning up those of other people.
I grew up in a family where our mother made our clothing. We didn't have a lot of money, so we learned how to scrimp, and we learned how to invent and to create. And those are learned skills.
I had sold products in flea markets before and I thought a cleaning product would be a good idea. So, in 2006, I came up with the ShamWow! I had seen this type of product at fairs, but it wasn't well marketed. And from there, I went to this factory in Germany that made them for me.
It seemed that the good people were always cleaning up the messes.
My parents paid me small amounts for cleaning my room or cleaning the dishes and stuff, but I never really had a real job before I started on my professional tennis career.
If you have loans, the first thing you want to do is say, "Okay, look I have a credit card, if I really need to borrow, I have this emergency money that I can get, but for now there is no reason for me to keep cash at zero percent interest rate and at the same time, pay all of this money out. So, I think people need to figure out quickly how to pay loans and how much cash they should really keep.
The point is, there is no feasible excuse for what are, for what we have made of ourselves. We have chosen to put profits before people, money before morality, dividends before decency, fanaticism before fairness, and our own trivial comforts before the unspeakable agonies of others
When I made my first film, I had hardly ever seen a camera before, and I was a young man when I arrived in Paris from the suburbs. At the time, I didn't talk much. I was very shy, so the bluff served me. I was telling people that I had no money, and that I knew how to make films, but I had no proof.
I grew up in Communist China and never had much money to my name, and then, all of a sudden, I had giant student loans.
Having money hasn't changed me. If anything it's made my life worse. People come up to you who knew you before you were famous and who didn't come up to you before. I'm a clever designer. I can do what the client wants. But I'm prepared to forget about money if it affects my creativity because, remember, I started off with nothing. And I can do that again.
My father always told me, 'Before you become a queen, you have to learn how to take care of your own things.' So I knew how to do all of it, but I had never really done it on a daily basis. So I was cleaning houses, and I started working restaurants.
A world where wages no longer rise still needs consumers. Middle-class purchasing power has been maintained through loans, loans and more loans. The Calvinistic reflex that you have to work for your money has turned into a license for inequality.
I thank every bully I ever had because that's the only reason I'm here. I learned how to not be affected by it and triumph over it, and that made me - again, if I had any success whatsoever, it's because these people made fun of me.
There's an old saying, "We can mess it up and God cleans it up." I haven't noticed a deity of any sort cleaning up our messes. We're going to have to do it ourselves, particularly since we have created most of these problems just by the genius and creativity that we've expressed and experienced here in this modern period. We've done it, and we've got to straighten it out.
If you will not lend me the money, how can I pay you?
If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans.
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