Borrowed Quote by Abraham Lincoln
“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.”
About This Quote
Source Speech: Address to the Illinois State Legislature, 1859
Prosperity requires frugality, sound security needs real assets, and avoiding trouble demands living within means.
In simple terms: Saving and realistic finances are essential.
Key Takeaway
Practice thrift and avoid debt.
Themes
finance
responsibility
economics
Mood
cautious
pragmatic
Type
advice
philosophical
When to use this quote
- personal budgeting
- business planning
- government policy
- investment decisions
Key Concepts
Fiscal discipline
risk management
Questions to Reflect On
- How can you balance saving with necessary spending?
- What risks arise from over‑leveraging?
A Different Perspective
Excessive frugality can stifle growth and innovation.
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
