This quote suggests that the true value of money is best understood when one attempts to borrow it. On the surface, it may seem like an easy task, but when you try to borrow money, you are often faced with high interest rates, stringent repayment terms, and the possibility of rejection. This experience can make you realize the importance of having your own money and the freedom it brings.

The quote also implies that money has a different value to different people. For the person lending the money, it might be surplus or extra, but for the one borrowing, it could be essential for survival or progress. This dichotomy showcases the relative nature of money’s value.

In today’s world, this quote is highly relevant. With the rise of credit card debt and student loans, many people are feeling the burden of borrowed money. The process of borrowing has become easier with digital technology, but the consequences remain the same, if not worse due to high interest rates and the ease of falling into a debt trap. This quote can serve as a reminder to be cautious when borrowing money and to strive for financial independence.

From a personal development perspective, understanding the value of money can lead to better financial management. It can urge individuals to save, invest, and spend wisely, ensuring they rely less on borrowed money. It also highlights the importance of financial literacy, encouraging individuals to understand the terms of any loan they consider taking out. Furthermore, it underscores the significance of creating multiple income streams and establishing an emergency fund, reducing the need to borrow in times of crisis.