take the cash and let the credit go

take the cash and let the credit go

To only accept instant gratification. The phrase comes from Edward FitzGerald's Rubaiyat of Omar Khayyam, a 19th-century translation of Persian poetry. I know you teenagers like to take the cash and let the credit go, but you have to work hard over your entire high school career if you want to get into a good college.
See also: and, cash, credit, let, take