Quotes About Debt

S&P's intrusion into American politics is also ironic because much of our current debt is directly or indirectly due to S&P's failure (along with the failures of the two other major credit-rating agencies, Fitch and Moody's) to do its job before the financial meltdown.

Indentured servitude is banned, but what about students seeking to sell shares of their future earnings in exchange for money up front to pay for their college tuitions?

Not only is a man not obliged to be grateful, gratitude is often a terrible burden that he gladly discards.

I've come to give you your gift back, Mordeth, Cauthon whispered. I consider our debt paid in full.

Do what you must, then pay the price for it, was what she had been taught, by the same women who had marked off those forbidden areas. It was refusal to admit the debt, refusal to pay, that often turned necessity to evil.

Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.

si inviertes en activos en papel, la deuda y los impuestos te empobrecen. Pero si inviertes de manera profesional en bienes raíces, estos mismos elementos pueden volverte rico.

En el ámbito del dinero hay dos tipos de deudas: 1. La deuda buena 2. La deuda mala Dicho de manera sencilla, la deuda buena te vuelve más rico, y la mala te empobrece.

Modern developments have eased the intensity of the ancient struggle between creditors and debtors. Stock markets and limited liability have provided an alternative to bank borrowing for raising capital, and the penalties for default have been progressively relaxed. We no longer demand labour services of defaulting debtors, or send them to prison. Debt-bondage is a shadow of its old self.

Even when state money became paper, and therefore intrinsically worthless, it was thought desirable to maintain belief that government notes – promises to pay the bearer – were in fact debt certificates backed by gold. Until 1971, the value of the American dollar was widely believed to depend on its convertibility into gold, as though the value of gold guaranteed the value of paper dollars.

Today, much of the global economy is based on debt and confidence. As long as we all keep holding hands and no one breaks ranks, everything will be fine. By the way, the word fine is my acronym for Feeling Insecure, Neurotic and Emotional.

In the early 1990s, Donald Trump was nearly $1 billion in debt personally and $9 billion in debt corporately. An interviewer asked him if he was worried. He replied, Worrying is a waste of time. Worrying gets in my way of working to solve these problems.

I don't like consumer debt. I actually have liabilities that are higher than 99 percent of the population, but I don't pay for them. Other people pay for my liabilities. They're called tenants.

Rule number one in paying yourself first is: Don't get into consumer debt in the rst place.

living for five years on borrowed money.

You get a tax break for going into greater debt.

Often, they mindlessly repeat what they have been told. Ideas such as "diversify" or "your home is an asset." "Your home is your biggest investment." "You get a tax break for going into greater debt." "Get a safe job." "Don't make mistakes." "Don't take risks.

This decision had left the company deeply in debt and about to go bankrupt.

Remember, bankers love debtors because debtors make the bank rich.

En cuanto la gente cae presa del inacabable proceso de pagar cuentas, se convierten en algo como los hamsters que corren en las ruedas de metal. Sus peludas patitas corren con furia, la rueda gira sin parar pero, a la mañana siguiente, seguirán en la misma jaula. Qué gran trabajo.

Garrett Sutton, Esq. Rich Dad Advisor, author of Buying and Selling a Business Start Your Own Corporation Writing Winning Business Plans, and The ABCs of Getting Out of Debt

Buying a luxury on credit often causes a person to eventually resent that luxury because the debt becomes a financial burden.

You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

cannot pay out what is owed to retirees.