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.
Ideally, since 80 percent of your life is spent working, you should start your business around something that is a passion of yours
The life which men praise and regard as successful is but one kind. Why should we exaggerate any one kind at the expense of the others?
I too shall lie in the dust when I am dead, but now let me win noble renown.
If you want to occupy the C-suite or the top one-tenth of 1% in any organization, you have to be obsessively devoted to your career at the expense of everything else. And women look at that, and they think, 'No.'
Success is created through the performance of a few small daily disciplines that stack up over time to produce achievements far beyond anything you could have ever planned for.
Talent is important, but how one develops and nurtures it is even more so.
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