Quotes About Debt

Housing wealth - the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most important source of wealth for all but those at the very top.

The human world is a long way from meeting the needs of the present, and it is borrowing massively from the future - not only by piling up money debt, but also by degrading the resources from which all real wealth ultimately comes.

All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top.

More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt.

It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started.

What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community.

The invention of the micro-loan was a big surprise to me. Who would have guessed loans of less than $20 made to poor people in undeveloped countries could create thriving local economies? And, even more surprisingly, that they more reliably pay off their debts than the wealthy of the world.

Abraham was extremely wealthy and he had a covenant with God. It's not the Jewish blessing, it's the Abrahamic blessing. I get excited talking about it 'cause I love it and I started out deep in debt with nothing. I had to learn this from the Bible and from my spiritual mentor Oral Roberts.

We spend our way to the poorhouse. We buy giant TVs and iPads. Our children wear nice clothes thanks to high-interest credit cards and payday loans. We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake. Thrift is inimical to our being.

It's heartbreaking to see so many people trapped in a web of enforced idleness, deep debt, and gnawing self-doubt.

Our nation owes a debt of gratitude to anyone who serves honourably. I think it's despicable that a president would put veterans on his website and list them on an enemies list.

We believed it was better to pay as you go than it was to pay your bills by borrowing and laying up debts for another day. To pay as you go, that policy is a safer business policy and a saner business policy, and we thought it was a saner national policy.

It is not only our duty but our moral obligation to break from the oppression of debt. We must rise above the political considerations and do what is right for the future of our nation.

America is militarily overstretched, politically polarized and financially indebted.

When borrowers anticipate that politicians might cancel their loans, they stop paying.

Money is a poor man's credit card.

Money is just the poor man's credit card.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.

The capitalist system is about taking from the Earth and from the other great commodity, labour. What's happening with this system is that the rich are getting richer and the poor are getting poorer, and the only way out of it is supposed to be growth. But growth is debt. It's going to make the situation worse.

Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.

China owns more of our bonds than do Americans. That's not a good position to be in.

The country is indebted, cloaked by an instability that discards the possibility of development and leaves it hostage to foreign financial markets.

If you borrowed money and went to a college where the education didn't create any value, that is potentially a really big mistake.

I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.