J. Reuben Clark Quotes

I have never had personal debt and never will.

I'm more of a debit card person, and I live in the 'now'. I don't like credit cards anymore. I try to live with whatever I can afford and don't try to put myself in an awkward position. I've done that before.

If you can't pay for a thing, don't buy it. If you can't get paid for it, don't sell it. Do this, and you will have calm and drowsy nights, with all of the good business you have now and none of the bad. If you have time, don't wait for time.

Rather go to bed with out dinner than to rise in debt.

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

I was never stupid with my money, because I grew up without it. So when I started to make some, I was like, 'Okay, first rule of thumb, I'm not buying it unless I've got the money to buy it,' so I have no debt.

Good debt is a powerful tool, but bad debt can kill you.

Don't go into debt and don't spend a lot. It's not how much money you make, it's how much you spend.

Live within your means, never be in debt, and by husbanding your money you can always lay it out well.

Never run into debt, not if you can find anything else to run into.

There are no shortcuts when it comes to getting out of debt.

If you're trying to get out of debt, you have to be willing to treat everything as expendable.

I've always had an aversion to debt.

I fear debt. I don't like being indebted to banks. I have a rule in life that I will get it when I can afford it.

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.

We need to stop spending money we don't have.

Get rid of debt now.

The most important thing is to not waste your money.

I used to have to beg and borrow £25 to hire some French windows. I started producing in 1967, and I was in debt until 1981. Having a think about whether you can afford 'this' or 'that' is a good discipline to have, to maximise what you can achieve to the highest standard.

We all have to resist the temptation to finance growth with increased debt yet again.

I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.

I don't like having debts. I don't like buying anything that I can't buy in cash.

I am not frugal - I'm quite a big spender - but not on credit.

One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy.

To contract new debts is not the way to pay old ones.