Afford Quote by Carolyn Wells
““What you can't afford to lose, you can't afford to buy””
About This Quote
Source Novel: The Adventures of a Young Girl, 1910
If something is too valuable to lose, you shouldn't purchase it, as loss outweighs potential gain.
In simple terms: Don't buy what you can't afford to lose.
Key Takeaway
Assess risk before purchase.
Themes
risk management
financial prudence
value assessment
Mood
cautious
pragmatic
Type
financial
advisory
When to use this quote
- personal finance
- investment decisions
- insurance
- consumer behavior
Key Concepts
Opportunity cost
loss aversion
Questions to Reflect On
- How do you define "affordable to lose"?
- What safeguards can mitigate loss?
A Different Perspective
Risk assessment can be subjective.
![“There are many ways of discarding [books]. You can give them to friends,--or enemies,--or to associations or to poor Southern libraries. But the surest way is to lend them. Then they never come back to bother you.” quote by Carolyn Wells](https://sms4smile.com/quotes/img-quotes/e0d/carolyn-wells-10684_association_there-are-many-ways-of-discarding-books_247932.jpg)
