New money Quotes

“People fail to realize there's a difference in kinds of money. There is old money and there is new money. Old money has political power but new money has only purchasing power. (1963)”

“I always wanted so much glamour in my life, so I have always been obsessed with class, and from dating a few people who were from old money and a few from new money in my 20s, I just sort of became obsessed with this idea of clueless rich people.”

“The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.”

“They were new money, without a doubt: so new it shrieked. Their clothes looked as it they'd covered themselves in glue, then rolled around in hundred-dollar bills.”

“There's no "get rich quick." There's no "overnight success." However, this doesn't mean that when you decide to start a business that you're just starting. You could start making new money tomorrow. I was fishing with my son and taught him that you can't catch a fish unless your line is in the water. A truth my dad once taught me. You may have spent years learning a skill or creating a product or service that you just simply haven't thought to monetize. Like leaving a fishing pole on the ground along side the river, but not having your line in the water yet. All you need to create a new stream of income is to make something consumable and offer it at a price that someone will pay. If you're not making offers, you're not making money. Get your line in the water!”

“I've always liked Anna, but according to my mother, her family is complete New Money, and my grandmother has pointed out on several occasions that they're not even really Southern.”

“What now strikes as remarkable about the new moneyed class of the nineteenth century is their complete irresponsibility;they see everything in terms of individual success, with hardly any consciousness that the community exists.”

“But Jesus’s message was designed to be a direct challenge to the wealthy and the powerful, be they the occupiers in Rome, the collaborators in the Temple, or the new moneyed class in the Greek cities of Galilee. The message was simple: the Lord God had seen the suffering of the poor and dispossessed; he had heard their cries of anguish. And he was finally going to do something about it”