--- title: "Meaning & Key Takeaway of: Think today's interest rates are high?…" description: "\"Think today's interest rates are high? The Pilgrims borrowed $7000 from a London company of 70 investors in 1620, and devoted the next 23 years to repa..." image: "https://sms4smile.com/quotes/i/56d/l-m-boyd-42018_borrowed_think-today-s-interest-rates-are-high-th_2494966.png" --- # Think today's interest rates are high? The Pilgrims… ![“Think today's interest rates are high? The Pilgrims borrowed $7000 from a London company of 70 investors in 1620, and devoted the next 23 years to repaying it at 43 percent.” quote by L. M. Boyd](https://sms4smile.com/quotes/i/56d/l-m-boyd-42018_borrowed_think-today-s-interest-rates-are-high-th_2494966.png) [Download](https://sms4smile.com/quotes/i/56d/l-m-boyd-42018_borrowed_think-today-s-interest-rates-are-high-th_2494966.png) [Open image](https://sms4smile.com/quotes/i/56d/l-m-boyd-42018_borrowed_think-today-s-interest-rates-are-high-th_2494966.png) > “Think today's interest rates are high? The Pilgrims borrowed $7000 from a London company of 70 investors in 1620, and devoted the next 23 years to repaying it at 43 percent.” [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Historical borrowing shows high rates can be manageable with long‑term commitment. **In simple terms:** High rates are doable with patience. Key Takeaway Plan long‑term repayment strategies. Themes finance history patience Mood analytical cautious Type educational inspirational When to use this quote - mortgage planning - student loans - business financing - personal budgeting Key Concepts compound interest economic cycles Questions to Reflect On - How would you handle a high‑interest loan today? - What historical lessons apply to modern finance? A Different Perspective High rates can still cause strain without disciplined budgeting. ★ ★ ★ ★ ★ No ratings yet [70 Investors](https://sms4smile.com/quotes/about/70-investors-1004154/) [Borrowed](https://sms4smile.com/quotes/about/borrowed/) [Borrowed 7000](https://sms4smile.com/quotes/about/borrowed-7000-1004152/) [Company](https://sms4smile.com/quotes/about/company/) [Debt](https://sms4smile.com/quotes/about/debt/) [Devoted](https://sms4smile.com/quotes/about/devoted/) [Interest](https://sms4smile.com/quotes/about/interest/) [Interest rate](https://sms4smile.com/quotes/about/interest-rate/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Investors 1620](https://sms4smile.com/quotes/about/investors-1620-1004153/) [London](https://sms4smile.com/quotes/about/london/) [Next](https://sms4smile.com/quotes/about/next/) [Percent](https://sms4smile.com/quotes/about/percent/) [Pilgrim](https://sms4smile.com/quotes/about/pilgrim/) [Pilgrims Borrowed](https://sms4smile.com/quotes/about/pilgrims-borrowed-1004151/) [Rate](https://sms4smile.com/quotes/about/rate/) [Repaying](https://sms4smile.com/quotes/about/repaying/) [Repaying 43](https://sms4smile.com/quotes/about/repaying-43-1004155/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Today](https://sms4smile.com/quotes/about/today/) [Years](https://sms4smile.com/quotes/about/years/) ## Related quotes > [No friend ever served me, and no enemy ever wronged me, whom I have not repaid in full.](https://sms4smile.com/quotes/sulla/no-friend-ever-served-me-and-no-enemy-ever-wronged-me-whom-i-have-not/) [Sulla](https://sms4smile.com/quotes/author/sulla/) > [I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything…](https://sms4smile.com/quotes/alan-greenspan/i-do-not-understand-where-the-backing-of-bitcoin-is-coming-from-there/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [In biblical times, I stoned people to death. Now they are repaying me by hurling pucks at my head.](https://sms4smile.com/quotes/gilles-gratton/in-biblical-times-i-stoned-people-to-death-now-they-are-repaying-me/) [Gilles Gratton](https://sms4smile.com/quotes/author/gilles-gratton/) > [The ocean, king of mountains and the mighty continents Are not heavy burdens to bear when compared To the burden of not repaying the…](https://sms4smile.com/quotes/gautama-buddha/the-ocean-king-of-mountains-and-the-mighty-continents-are-not-heavy/) [Gautama Buddha](https://sms4smile.com/quotes/author/gautama-buddha/) > [Like a human being, the mountain is a composite creature, only to be known after many a view from many a different point, and…](https://sms4smile.com/quotes/freya-stark/like-a-human-being-the-mountain-is-a-composite-creature-only-to-be/) [Freya Stark](https://sms4smile.com/quotes/author/freya-stark/) > [I love our fans. Our fans are so supportive. It's been incredible to end four playoff games with 'Go Pack Go.' It's great at…](https://sms4smile.com/quotes/aaron-rodgers/i-love-our-fans-our-fans-are-so-supportive-it-s-been-incredible-to/) [Aaron Rodgers](https://sms4smile.com/quotes/author/aaron-rodgers/) > [Let the man, who would be grateful, think of repaying a kindness, even while receiving it.](https://sms4smile.com/quotes/seneca-the-younger/let-the-man-who-would-be-grateful-think-of-repaying-a-kindness-even/) [Seneca the Younger](https://sms4smile.com/quotes/author/seneca-the-younger/) > [Almost everyone takes pleasure in repaying trifling obligations, very many feel gratitude for those that are moderate; but there is scarcely anyone who is…](https://sms4smile.com/quotes/francois-de-la-rochefoucauld/almost-everyone-takes-pleasure-in-repaying-trifling-obligations-very/) [Francois de La Rochefoucauld](https://sms4smile.com/quotes/author/francois-de-la-rochefoucauld/) > [No I am not jealous but I just want to see you repaying all the times i'ved wasted loving you.](https://sms4smile.com/quotes/simphiwe-scientist-dumi/no-i-am-not-jealous-but-i-just-want-to-see-you-repaying-all-the-times/) [Simphiwe Scientist Dumi](https://sms4smile.com/quotes/author/simphiwe-scientist-dumi/) > [Acting without design, occupying oneself without making a business of it, finding the great in what is small and the many in the few,…](https://sms4smile.com/quotes/laozi/acting-without-design-occupying-oneself-without-making-a-business-of/) [Laozi](https://sms4smile.com/quotes/author/laozi/) > [The mind has transformed the world, and the world is repaying it with interest. 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It’s…](https://sms4smile.com/quotes/isadore-sharp/the-reason-for-our-success-is-no-secret-it-comes-down-to-one-single/) [Isadore Sharp](https://sms4smile.com/quotes/author/isadore-sharp/) > [Someone has to pick up the tab when people get out of repaying their own debts.](https://sms4smile.com/quotes/chuck-grassley/someone-has-to-pick-up-the-tab-when-people-get-out-of-repaying-their/) [Chuck Grassley](https://sms4smile.com/quotes/author/chuck-grassley/) > [The best thing about saying thank goodness in place of thank God this that here really are lots of ways of repaying your debt…](https://sms4smile.com/quotes/daniel-dennett/the-best-thing-about-saying-thank-goodness-in-place-of-thank-god-this/) [Daniel Dennett](https://sms4smile.com/quotes/author/daniel-dennett/) ## More by L. M. 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Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [That phrase "hocus-pocus" started out as "hocus-pocus dominocus", and was, in the beginning, a mocking imitation of the holy incantations of the Catholic Church's…](https://sms4smile.com/quotes/l-m-boyd/that-phrase-hocus-pocus-started-out-as-hocus-pocus-dominocus-and-was/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [Chopsticks or no chopsticks, it was the Chinese who first used knives and forks.](https://sms4smile.com/quotes/l-m-boyd/chopsticks-or-no-chopsticks-it-was-the-chinese-who-first-used-knives/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [No single expression denotes love. It's so complex it requires combinations of expressions. These create an identifiable look. You see something like it sometimes…](https://sms4smile.com/quotes/l-m-boyd/no-single-expression-denotes-love-it-s-so-complex-it-requires/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [First truck called a 'pick-up' was an International Harvester S in 1921.](https://sms4smile.com/quotes/l-m-boyd/first-truck-called-a-pick-up-was-an-international-harvester-s-in-1921/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [Having a baby isn't so bad. If you're a female Emperor penguin in the Antarctic. She lays the egg, rolls it over to the…](https://sms4smile.com/quotes/l-m-boyd/having-a-baby-isn-t-so-bad-if-you-re-a-female-emperor-penguin-in-the/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) > [If you're more than three feet away from a housefly, it can't see you.](https://sms4smile.com/quotes/l-m-boyd/if-you-re-more-than-three-feet-away-from-a-housefly-it-can-t-see-you/) [L. M. Boyd](https://sms4smile.com/quotes/author/l-m-boyd/) [Explore all 10 L. M. Boyd quotes ](https://sms4smile.com/quotes/author/l-m-boyd/) ## More Borrowed quotes > [I love awards, especially if I get them. It's up to the courage of the filmmakers to make art in cinema, not just business.…](https://sms4smile.com/quotes/ben-gazzara/i-love-awards-especially-if-i-get-them-it-s-up-to-the-courage-of-the/) [Ben Gazzara](https://sms4smile.com/quotes/author/ben-gazzara/) > [The creation of George Smiley, the retired spy recalled to hunt for just such a high-ranking mole in 'Tinker, Tailor,' was extremely personal. I…](https://sms4smile.com/quotes/john-le-carre/the-creation-of-george-smiley-the-retired-spy-recalled-to-hunt-for/) [John le Carre](https://sms4smile.com/quotes/author/john-le-carre/) > [The combination of such characters, some, as the sacral ones, altogether peculiar among Reptiles, others borrowed, as it were, from groups now distinct from…](https://sms4smile.com/quotes/richard-owen/the-combination-of-such-characters-some-as-the-sacral-ones-altogether/) [Richard Owen](https://sms4smile.com/quotes/author/richard-owen/) > [I'm no innovator. If anything I'm a stealer, or borrower. 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