Money Quote by Benjamin Franklin
“Again, He that sells upon Credit, asks a Price for what he sells, equivalent to the Principal and Interest of his Money for the Time he is like to be kept out of it: therefore.”
About This Quote
Charging interest on credit reflects the cost of borrowing money over time.
In simple terms: Interest is the price of credit.
Key Takeaway
Consider the true cost before borrowing.
Themes
finance
credit
interest
economics
Mood
educational
analytical
Type
advice
financial
When to use this quote
- personal loans
- business financing
- mortgages
- credit cards
Key Concepts
time value of money
loan terms
financial literacy
Questions to Reflect On
- Do you understand your loan’s interest structure?
- How does interest affect long‑term financial plans?
A Different Perspective
Interest can compound and become burdensome.
