--- title: "Meaning & Key Takeaway of: There is no practice more dangerous than…" description: "\"There is no practice more dangerous than that of borrowing money\" — George Washington" image: "https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg" --- # There is no practice more dangerous than that of borrowing… ![“There is no practice more dangerous than that of borrowing money” quote by George Washington](https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg) [Download](https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg) [Open image](https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg) > “There is no practice more dangerous than that of borrowing money” [George Washington](https://sms4smile.com/quotes/author/george-washington/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Borrowing money can create greater risk than any other financial action, often leading to loss of control and future hardship. **In simple terms:** Borrowing money is very risky. Key Takeaway Avoid debt when possible. Themes finance risk responsibility Mood cautious reflective Type advice warning When to use this quote - personal budgeting - business financing - government policy - investment decisions Key Concepts credit leverage economic vulnerability Questions to Reflect On - What are the long‑term costs of borrowing? - When is borrowing justified? A Different Perspective Debt can fund growth if managed wisely. ★ ★ ★ ★ ★ No ratings yet [Borrowing](https://sms4smile.com/quotes/about/borrowing/) [Borrowing money](https://sms4smile.com/quotes/about/borrowing-money/) [Money](https://sms4smile.com/quotes/about/money/) [Practice](https://sms4smile.com/quotes/about/practice/) ## Related quotes > [There is no practice more dangerous than that of borrowing money; for when money can be had in this way, repayment is seldom thought…](https://sms4smile.com/quotes/george-washington/there-is-no-practice-more-dangerous-than-that-of-borrowing-money-for/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why…](https://sms4smile.com/quotes/will-rogers/borrowing-money-on-what-s-called-easy-terms-is-a-one-way-ticket-to/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [I always thought I'd buy my mother a house if I ever became successful - a big, beautiful house on the nicest street in…](https://sms4smile.com/quotes/tom-shales/i-always-thought-i-d-buy-my-mother-a-house-if-i-ever-became/) [Tom Shales](https://sms4smile.com/quotes/author/tom-shales/) > [If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.](https://sms4smile.com/quotes/stanley-druckenmiller/if-you-re-running-a-business-for-the-long-term-the-last-thing-you/) [Stanley Druckenmiller](https://sms4smile.com/quotes/author/stanley-druckenmiller/) > [The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go…](https://sms4smile.com/quotes/john-key/the-government-has-to-stop-borrowing-as-much-money-if-we-don-t-quite/) [John Key](https://sms4smile.com/quotes/author/john-key/) > [Our role as producers is mainly limited to borrowing money from friends when we run short of cash.](https://sms4smile.com/quotes/sreenivasan/our-role-as-producers-is-mainly-limited-to-borrowing-money-from/) [Sreenivasan](https://sms4smile.com/quotes/author/sreenivasan/) > [We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts?](https://sms4smile.com/quotes/jeb-hensarling/we-should-not-be-borrowing-money-from-the-chinese-to-bail-out-the/) [Jeb Hensarling](https://sms4smile.com/quotes/author/jeb-hensarling/) > [There were moments where I had no money in my account and I was borrowing money to do stuff.](https://sms4smile.com/quotes/ice-spice/there-were-moments-where-i-had-no-money-in-my-account-and-i-was/) [Ice Spice](https://sms4smile.com/quotes/author/ice-spice/) > [As I have said for many years throughout this land, we're borrowing money from China to buy oil from the Persian Gulf to burn…](https://sms4smile.com/quotes/al-gore/as-i-have-said-for-many-years-throughout-this-land-we-re-borrowing/) [Al Gore](https://sms4smile.com/quotes/author/al-gore/) > [Basically he never went to work and didn't have a job. Of course I thought he did. I thought he was on the phone…](https://sms4smile.com/quotes/christie-brinkley/basically-he-never-went-to-work-and-didn-t-have-a-job-of-course-i/) [Christie Brinkley](https://sms4smile.com/quotes/author/christie-brinkley/) > [Borrowing money from a bank is sometimes like borrowing money from your children.](https://sms4smile.com/quotes/vikrant-parsai/borrowing-money-from-a-bank-is-sometimes-like-borrowing-money-from/) [Vikrant Parsai](https://sms4smile.com/quotes/author/vikrant-parsai/) > [I was only 21 when I bought a five-bedroom detached house in Stoke-on-Trent that was way outside of my financial status in life. I…](https://sms4smile.com/quotes/john-caudwell/i-was-only-21-when-i-bought-a-five-bedroom-detached-house-in-stoke-on/) [John Caudwell](https://sms4smile.com/quotes/author/john-caudwell/) > [Except for the con men borrowing money they shouldn't get and the widows who have to visit with the handsome young men in the…](https://sms4smile.com/quotes/martin-mayer/except-for-the-con-men-borrowing-money-they-shouldn-t-get-and-the/) [Martin Mayer](https://sms4smile.com/quotes/author/martin-mayer/) > [In theory, when you're working with a record label, you're just borrowing their money. And that's basically how the record industry works, right? It's…](https://sms4smile.com/quotes/patrick-carney/in-theory-when-you-re-working-with-a-record-label-you-re-just/) [Patrick Carney](https://sms4smile.com/quotes/author/patrick-carney/) > [Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A…](https://sms4smile.com/quotes/james-buchan/viewed-from-a-distance-or-through-the-eye-of-the-all-knowing-ceo-of/) [James Buchan](https://sms4smile.com/quotes/author/james-buchan/) ## More by George Washington > [It is absolutely necessary... for me to have persons that can think for me, as well as execute orders.](https://sms4smile.com/quotes/george-washington/it-is-absolutely-necessary-for-me-to-have-persons-that-can-think-for/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [The whole duty of man is summed up in obedience to God's will.](https://sms4smile.com/quotes/george-washington/the-whole-duty-of-man-is-summed-up-in-obedience-to-god-s-will/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [The turning points of lives are not the great moments. The real crises are often concealed in occurrences so trivial in appearance that they…](https://sms4smile.com/quotes/george-washington/the-turning-points-of-lives-are-not-the-great-moments-the-real-crises/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [The propitious smiles of Heaven, can never be expected on a nation that disregards the eternal rules of order and right, which Heaven itself…](https://sms4smile.com/quotes/george-washington/the-propitious-smiles-of-heaven-can-never-be-expected-on-a-nation/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Interwoven as is the love of liberty with every ligament of your hearts, no recommendation of mine is necessary to fortify or confirm the…](https://sms4smile.com/quotes/george-washington/interwoven-as-is-the-love-of-liberty-with-every-ligament-of-your/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [In vain would that man claim the tribute of patriotism who should labor to subvert these great pillars.](https://sms4smile.com/quotes/george-washington/in-vain-would-that-man-claim-the-tribute-of-patriotism-who-should/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [The blessed Religion revealed in the word of God will remain an eternal and awful monument to prove that the best Institution may be…](https://sms4smile.com/quotes/george-washington/the-blessed-religion-revealed-in-the-word-of-god-will-remain-an/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [While we are contending for our own liberty, we should be very cautious not to violate the conscience of others, ever considering that God…](https://sms4smile.com/quotes/george-washington/while-we-are-contending-for-our-own-liberty-we-should-be-very/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Among many other weighty objections to the Measure, it has been suggested, that it has a tendency to introduce religious disputes into the Army,…](https://sms4smile.com/quotes/george-washington/among-many-other-weighty-objections-to-the-measure-it-has-been/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Democratical States must always feel before they can see: it is this that makes their Governments slow, but the people will be right at…](https://sms4smile.com/quotes/george-washington/democratical-states-must-always-feel-before-they-can-see-it-is-this/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [If, in the opinion of the people, the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected…](https://sms4smile.com/quotes/george-washington/if-in-the-opinion-of-the-people-the-distribution-or-modification-of/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [A man's intentions should be allowed in some respects to plead for his actions.](https://sms4smile.com/quotes/george-washington/a-man-s-intentions-should-be-allowed-in-some-respects-to-plead-for/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [It is impossible to rightly govern the world without God and the Bible. Do not ever let anyone claim to be a true American…](https://sms4smile.com/quotes/george-washington/it-is-impossible-to-rightly-govern-the-world-without-god-and-the/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [My first wish is to see this plague of mankind banished from the earth, and the sons and daughters of this world employed in…](https://sms4smile.com/quotes/george-washington/my-first-wish-is-to-see-this-plague-of-mankind-banished-from-the/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Lenity will operate with greater force, in some instances, than rigor. It is, therefore, my first wish, to have my whole conduct distinguished by…](https://sms4smile.com/quotes/george-washington/lenity-will-operate-with-greater-force-in-some-instances-than-rigor/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) [Explore all 801 George Washington quotes ](https://sms4smile.com/quotes/author/george-washington/) ## More Borrowing quotes > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [ When the fountains of government \[borrowing\] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the… ](https://sms4smile.com/quotes/john-t-flynn/when-the-fountains-of-government-borrowing-abundance-began-to-dry-up/) [John T. Flynn](https://sms4smile.com/quotes/author/john-t-flynn/) > [By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the UK…](https://sms4smile.com/quotes/tom-hodgkinson/by-taking-out-a-loan-i-am-committing-myself-to-years-of-interest/) [Tom Hodgkinson](https://sms4smile.com/quotes/author/tom-hodgkinson/) > [Perhaps art criticism cannot be reformed in a logical sense because it was never well-formed in the first place. Art criticism has long been…](https://sms4smile.com/quotes/james-elkins/perhaps-art-criticism-cannot-be-reformed-in-a-logical-sense-because/) [James Elkins](https://sms4smile.com/quotes/author/james-elkins/) > [It’s always going to be easy to live like others or other’s life, because creating or innovating something of own is always difficult in…](https://sms4smile.com/quotes/anuj/it-s-always-going-to-be-easy-to-live-like-others-or-other-s-life/) [Anuj](https://sms4smile.com/quotes/author/anuj/) > [A poet ought not to pick nature's pocket. Let him borrow, and so borrow as to repay by the very act of borrowing. Examine…](https://sms4smile.com/quotes/samuel-taylor-coleridge/a-poet-ought-not-to-pick-nature-s-pocket-let-him-borrow-and-so-borrow/) [Samuel Taylor Coleridge](https://sms4smile.com/quotes/author/samuel-taylor-coleridge/) > [Several southern actors are coming to Mumbai. Likewise, many Bollywood actors are appearing down South or borrowing ideas from southern films.](https://sms4smile.com/quotes/ram-charan/several-southern-actors-are-coming-to-mumbai-likewise-many-bollywood/) [Ram Charan](https://sms4smile.com/quotes/author/ram-charan/) > [As for borrowing Mr. Whistler's ideas about art, the only thoroughly original ideas I have heard him express have had reference to his own…](https://sms4smile.com/quotes/oscar-wilde/as-for-borrowing-mr-whistler-s-ideas-about-art-the-only-thoroughly/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [Saints and ordinary folks are the same from the start. Inquiring about a difference is like asking to borrow string when you've got a…](https://sms4smile.com/quotes/hsu-yun/saints-and-ordinary-folks-are-the-same-from-the-start-inquiring-about/) Hsu Yun > [Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why…](https://sms4smile.com/quotes/will-rogers/borrowing-money-on-what-s-called-easy-terms-is-a-one-way-ticket-to/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know…](https://sms4smile.com/quotes/paul-ryan/what-i-m-concerned-about-is-endless-borrowing-which-is-going-to/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [Debt is a bottomless sea.](https://sms4smile.com/quotes/anonymous/debt-is-a-bottomless-sea/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom.…](https://sms4smile.com/quotes/george-osborne/there-is-a-big-problem-the-problem-is-the-country-borrowed-too-much/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [We do not project power from bankruptcy court. We're borrowing a million dollars a minute.](https://sms4smile.com/quotes/rand-paul/we-do-not-project-power-from-bankruptcy-court-we-re-borrowing-a/) [Rand Paul](https://sms4smile.com/quotes/author/rand-paul/) [Browse all 303 Borrowing quotes ](https://sms4smile.com/quotes/about/borrowing/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There is no practice more dangerous than that of borrowing money", "creator": { "@type": "Person", "name": "George Washington" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/george-washington/there-is-no-practice-more-dangerous-than-that-of-borrowing-money/", "about": { "@type": "Thing", "name": "Borrowing" }, "@id": "https://sms4smile.com/quotes/george-washington/there-is-no-practice-more-dangerous-than-that-of-borrowing-money/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg", "contentUrl": "https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg", "url": "https://sms4smile.com/quotes/i/d73/george-washington-257_borrowing_there-is-no-practice-more-dangerous-than_853187.jpg", "width": 1080, "height": 1080, "caption": "“There is no practice more dangerous than that of borrowing money” — George Washington", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "George Washington", "item": "https://sms4smile.com/quotes/author/george-washington/" }, { "@type": "ListItem", "position": 4, "name": "There is no practice more dangerous...", "item": "https://sms4smile.com/quotes/george-washington/there-is-no-practice-more-dangerous-than-that-of-borrowing-money/" } ], "@id": "https://sms4smile.com/quotes/george-washington/there-is-no-practice-more-dangerous-than-that-of-borrowing-money/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```