A Quote by William J. H. Boetcker

You cannot establish sound security on borrowed money. — © William J. H. Boetcker
You cannot establish sound security on borrowed money.
You cannot bring about prosperity by discouraging thrift. You cannot establish sound security on borrowed money. You cannot keep out of trouble by spending more than you earn.
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
I have only ever borrowed money for investment. I have been sound money all my life.
The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.
Borrowed thoughts, like borrowed money, only show the poverty of the borrower.
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.
Borrowed time and borrowed world and borrowed eyes with which to sorrow it.
I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it.
You know, Floridians, we've paid into Social Security. Like a lot of other government programs, we sent money to D.C. We expect to get that money back. We expect that our Social Security is real. So, we have to fix Social Security.
It is security that I crave and money provides security. What is that old line about money? "Some is good, more is better and too much is just right."
Since I was a teenager, I had wanted to come to the United States to establish my name as a writer and to establish my freedom. As a writer and artist, I cannot do anything without freedom. For me, freedom is just like the air or water. I cannot write without freedom.
It's nice to have dreams, but when you use borrowed money to achieve them and act as if money grows on trees, you may have a brutal awakening.
You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.
My life is on loan, like money borrowed from a bank. God is the lender, and He retains the right to call in the loan any time. Though I am responsible for taking care of it, I do not own this life; it is borrowed. Why should I fear its loss or the loss of anything else in this world when I must surrender it all anyway?
I was never completely destitute. I think I borrowed money once off a friend, but I've always been quite careful with my money, having come from not much of it.
For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.
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