any one know what these quotes mean-?

I’m just guessing here:

“The use of money is all the advantage in having money.” -pretty self explanatory, really. What good is there in saving money when the only value of money is what you can get for it. While having that $20 in your pocket may be nice, taking your girl to a movie is better yet.

“Creditors have better memories than debtors” – again, pretty clear. Consider the motivations: someone who owes someone money (a debtor) is far more inclined to forget about the debt than someone who will want their money back (a creditor).

“Two chimneys”… not sure really. I expect it refers to collecting more than you can actually hold. Maybe its like buying the Ferrari that you can’t pay the insurance on. You’ve constructed the two chimneys, and now you can’t afford to buy the wood to build a fire in either. Just guessing, though.

Edit: Another guess on the chimney thing… maybe it refers to the fact that the chimneys are built once, and the fuel for the fire is constantly disposed and rebought indefinitely, and is therefore a more burdensome expense… but I don’t know why you’d need two chimneys in that case…

Edit 2: I realize I may have put too spend-friendly a spin on my analysis of the money phrase. I overlooked the potential to save, and thereby have the future ability to spend the money, thereby gaining an advantage of having that potential. Basically, saving for the sake of saving is useless, while using it (by spending, gaining interest, or gaining power) is the advantage.

Chimneys- Building a chimney has a beginning and an end. The amount of work going into building one (or two) is a set amount and once they are built, you are done. Keeping a fire going is an ongoing job. It is never done unless you give up and let the fire go out. In other words, even though building a chimney is very hard to do, in the long run, keeping the fire going ends up actually being more work.

Money- Money is not essential to life. Basically, if you have money, the only thing that you have, that a poor person doesn’t have, is the ability to spend that money.

Memory- A person who has money owed to them is usually going to want the money back and usually will remember it because it benefits them to remember and keep track of whether they have been paid back or not. A person who owes money benefits from everyone forgetting about it, so the incentive is for the debtor to have a short memory. Also, the debtor, as an excuse for not repaying a loan, can say when asked about why repayment is taking so long, “oh gee, I forgot” and that pretty much absolves them of everything… as long as they pay it back then.

“‘Tis easier to build two chimneys than to keep one in fuel”

My interpretation:

If you have resources (bricks in this case) and have no better place to allocate them (being kept for fuel) it is more advantageous to use the resources than to stockpile them.

“The use of money is all the advantage there is in having money”

I think what most are missing from this quote is the general feeling that the quote is meant to convey. Money in this case is referring to fiat currency – currency that has no intrinsic value. This means that money has no “real” value other than what we place on it. This value is entirely subjective and relative. The quote is meant to gain a better understanding I believe.

“Creditors have better memories than debtors”

Couple of different ideas. One interpretation is meant to have the same tone as the poker idea that most players never remember the hands with which they’ve built their bankroll, but can tell you exactly the hands that they go broke on (I believe its mentioned in the movie Rounders). Its all about what is advantageous at the level of oneself. Another interpretation says the debtor has no real advantage to paying the debt back if it were not for his good name or other negative effects. Paying the debt back gains him nothing more than losing a negative.

Sorry, that was kind of a round about way of explaining that. The bottom line motif that I can come up with for the last one is “difficulties breed appreciation” or the idea that you don’t know what you have until you’ve lost it.

The 1st one is iffy, but I think it means it’s easier to keep building a new something than to keep the old one going. (Like a relationship, the beginning is all good, but then it takes work to keep it that way).

2nd one means that being rich won’t make you different, better, or happier…you’ll just have more money to spend.

3rd one means the person you owe the money to will remember you owe them long after you’ve forgotten. Or if you owe someone a favor, they will remember, even after you’ve forgotten.

did this help…

The two chimneys quote is an analogy of having one stream of income versus two. The one chimney example is one s employment. As Ben Franklin would say “keeping your nose to the grindstone”. Having two or more chimneys mean that some income is derived off of investments and it is easier to make income without work that it is from the sweat of your brow.

1. Not sure about the first one but,

2. The only good thing about having money is spending it.

3. It’s better to take money then to owe it to someone else.

Well this is what I think they mean

2. Sometimes it is eaiser to do two things then to do one

3. Money, ya the value is still the same…the amount of work that you put into getting it never changes the amount that it’s worth.

4. Well people who credit things (like into account) do have better chances then people who are in dept 24-7