This phrase, "A fool and his money are soon parted," sounds biblical, but it is not. A man named Thomas Tusser (1524 - 1580) wrote it in 1573 in his book, Five Hundreth Pointes of Good Husbandrie. The original phrase was a line in a poem. "A foole and his monie be soone to debate, which after with sorrow repents him too late."
Tusser was an English poet, farmer, chorister, and musician.
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