Quotes About Debt

The federal debt in this country is principally of Republican design.

I've always thought that as long as directors and casting directors don't see me as just Harry Potter, I'll be OK. People have shown a lot of faith in me, and I owe them a huge debt. They're letting me prove that I'm serious about this.

The gentleman has not seen how to reply to this, otherwise than by supposing me to have advanced the doctrine that a national debt is a national blessing.

Now $12 on the $100 for money to be paid back regularly over half a year works out to something like forty-eight per cent real interest.

Perhaps you are thinking: 'But a tank costs several million dollars, not including floor mats. I don't have that kind of money.' Don't be silly. You're a consumer, right? You have credit cards, right? Perhaps you are thinking: 'Yes, but how am I going to pay the credit-card company?' Don't be silly. You have a tank, right?

Debt is normal! So why be normal?

The German root word for "debt" is the same as for "guilt.

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card. We

Debt is not a tool; it is a method to make banks wealthy, not you. The borrower truly is slave to the lender.

La deuda no es un instrumento; es un método para hacer ricos a los bancos, no a usted.

Money is finite. There is not an infinite supply. That's something a lot of people have trouble remembering these days. In a time when crazy mortgages, car loans, student loans, and credit cards make you believe anyone can purchase anything at any time with no consequences, it's easy to forget that money has limits.

We want it all, and we can borrow to get it all, before we can afford it all.

Ochenta por ciento de los que se gradúan de la universidad tienen deudas de tarjetas de crédito... ¡ antes de tener empleo!

Proverbs 22:7: "The rich rule over the poor, and the borrower is slave to the lender

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card.

Again, college is important—very important—but it is not the answer to all your kids' problems. I will be so bold as to say college isn't even a need; it is a want. It isn't a necessity; it is a luxury. This luxury is one of the first on my list, but not before retirement, not before an emergency fund, and certainly not as a reason to go into debt.

Debt has been sold to us so aggressively, so loudly, and so often that to imagine living without debt requires myth-busting.

The fact is, most people in our nation today believe that debt is NORMAL, and in most cases, NECESSARY. They can't imagine living a cash-and-carry life or a life in which all things they own are purchased outright with cash at the time of purchase— in other words, with no payment plan or use of credit cards.

Las personas arruinadas usan tarjetas de crédito; las personas ricas, no.

Los resultados pueden ser devastadores. Recientemente, dos estudiantes universitarios en Oklahoma se dieron por vencidos por sus tarjetas de crédito y se suicidaron, dejando las cuentas en la cama junto a ellos.

People were running around buying things they couldn't afford with money they didn't have to impress people they didn't even like

El Instituto Estadounidense de Bancarrotas revela que 19% de las personas que se declararon en bancarrota el año pasado eran estudiantes universitarios.

the borrower is slave to the lender

There is no such thing as good debt. The credit card is the cigarette of the financial world. The borrower is always a slave to the lender.