Money begets money. If you don't have that, you wait around to be hired by somebody at the mercy of others. If you have that money in your hand, you desperately try to make the best use of it and move ahead. And that's generating income for yourself.
Interpretation
Having money allows for greater opportunities and independence in generating income.
This quote by Muhammad Yunus emphasizes the power of financial resources in creating opportunities for personal advancement. It highlights how money enables individuals to leverage their own potential rather than relying on others for employment, ultimately empowering them to take control of their financial futures and generate their own income.
In practice
During a financial literacy seminar, one might quote this to emphasize the importance of financial independence.
Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty and hunger. They believe that these will be resolved when general economic prosperity increases. These economists spend all their talents detailing the process of development and prosperity, but rarely reflect on the origin and development of poverty and hunger. A a result, poverty continues.
People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.
Some people think that poor people are lazy. Actually, it takes a lot of work to survive when you are dirt-poor.
Once poverty is gone, we'll need to build museums to display its horrors to future generations. They'll wonder why poverty continued so long in human society - how a few people could live in luxury while billions dwelt in misery, deprivation and despair.
By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
If you spend too much time learning the 'tricks' of the trade, you may not learn the trade. There are no shortcuts. If you're working on finding a short cut, the easy way, you're not working hard enough on the fundamentals. You may get away with it for a spell, but there is no substitute for the basics. And the first basic is good, old fashioned hard work.
I think money is a wonderful thing because it enables you to do things. It enables you to invest in ideas that don't have a short-term payback.
It is not sufficient that I succeed - all others must fail.
Those that spend the most effort in search of shortcuts are often the most disappointed and the least successful.
What are the five products you want to focus on? Get rid of the rest, because they’re dragging you down. They’re turning you into Microsoft. They’re causing you to turn out products that are adequate but not great.
Always asked, 'Whats the key to success?' The key is, there is no key. Be humble, hungry and always be the hardest worker in the room.
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