APAD: Money is the slave of the wise and master of the fool.

This was attributed to Seneca the philosopher. It may sound trite and vague.

What exactly did he mean?

 

Here is one possibility. Even in Seneca's days, people were aware of the cost of

borrowing money. The wise man might not be super-rich, but however much he had,

he lent it out and collected interests which he did not live beyond. He himself

did not have to work; his capital worked for him.

 

Today, US treasury bills yield over 5%.

 

The idea is simple; its execution anything but.

所有跟帖： 

• Money talks. -妖妖灵- ♀ (0 bytes) () 07/27/2023 postreply 11:16:46

• Absolutely. And the world listens. :-) -7grizzly- ♀ (0 bytes) () 07/27/2023 postreply 21:53:22

• indeed! the wise use money to slave the fool -移花接木- ♂ (0 bytes) () 07/27/2023 postreply 17:24:26

• True but maybe not so intentionally. More like nature's way. -7grizzly- ♀ (0 bytes) () 07/27/2023 postreply 20:55:33