Neither a borrower nor a lender be : Meaning of this Hamlet Quote

Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
(Act 1, Scene 3: Line 75)

Meaning and context of “neither a borrower nor a lender be” quote

Polonius tells his son Laertes, that he should not lend or borrow money from a friend,
as it may result in losing both friendship and money. His logic appears
to be coming from his experience. If he lends money to a friend, the
friend will avoid paying it back. If he borrows money from someone, he
will become a spendthrift.

Comments by tonytran2015:

The bible has some teaching on lendings

17. Psalm 37:21-24 The wicked borrow and do not repay, but the righteous give generously; those the Lord blesses will inherit the land, but those he curses will be destroyed. The Lord makes firm the steps of the one who delights in him; though he may stumble, he will not fall, for the Lord upholds him with his hand.

23. 2 Thessalonians 3:7-10 You
yourselves know that you should live like we do. We were not lazy when
we were with you. We never accepted food from anyone without paying for
it. We worked and worked so that we would not be a burden to any of you.
We worked night and day. We had the right to ask you to help us. But we
worked to take care of ourselves so that we would be an example for you
to follow. When we were with you, we gave you this rule: “Whoever will not work should not be allowed to eat.”