Quotes About Debt

Before you start to save one penny for a child's future college costs, I insist that you have the following financial priorities taken care of: You do not have credit card debt. You have an eight-month emergency savings fund. You have a term life insurance policy. You are saving for retirement; aiming to set aside 15% of your gross salary. Until all of that is in place you are not to think about saving for college.

Your PITI and all other debts should not exceed 36% of your gross monthly income.

Accelerating your mortgage payments is something to be considered only if you are in good financial shape. That means: • You have an eight-month emergency savings fund. • You do not have any credit card debt. • You own your car outright, and you are saving for when you will need to purchase another car.

People get out ahead of themselves in debt with spending on all of their desires. But if you learn to live pretty simply and well, well under your means, you feel incredibly, incredibly rich, and that frees you up and gives you the option to start something new, to leave the job you're not excited about, where there might be a glass ceiling on you.

No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate.

Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.

In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It's back to a philosophy of risk-adjusted returns.

Pain and sorrow and misery have a right to our assistance: compassion puts us in mind of the debt, and that we owe it to ourselves as well as to the distressed.

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.

Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt.

I fight for the things that I care about, which are jobs and the economy. I fight for the things I think are important, which are reducing the debt and getting more companies to come to South Carolina.

If you must know, my parents came from pretty hardscrabble backgrounds in the southern Midwest. I certainly didn't grow up poor, but I did spend my 20s and early 30s juggling temp jobs and choking on massive student-loan debt.

If the official community is interested in asking the private sector to take another look at Greece, then it will have to be only as part of a broader process of addressing the full range of sovereign debt issues in Europe.

Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.

What is very negative is that in every country in Europe, the largest owner of that country's sovereign bonds are that country's banks.

We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy.

But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

Perhaps it's true that all men love their fathers, no matter how terrible the things they do to their sons: there is a part of us that remains forever in debt to those responsible for our existence.

Love is the greatest debt to be in…but is not meant to bankrupt you!

As believers our only debt is love and our only competition is to outdo each other in love.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

The world as a whole has never been richer, and it has never been more heavily in debt, living off borrowed money. The record shows that, for society, the richer we become, the harder it get to live within our means. Abundance is harder for us to handle than scarcity.

When you don't have debt you don't care about your reputation in economics circles—and somehow it is only when you don't care about your reputation that you tend to have a good one. Just