debt consequences Quotes

Borrowers are nearly always ill-spenders, and it is with lent money that all evil is mainly done and all unjust war protracted.

A small debt produces a debtor; a large one, an enemy.

A small loan makes a debt; a great one an enemy.

The United States has already passed on as the world's economic leader. Having flouted Thomas Jefferson for too long, America has succumbed to public debt, the 'fore horse for oppression and despotism,' after which 'taxation will follow, and in its train wretchedness and oppression.'

A habit of debt is very injurious to the memory.

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.

One thing I want to make clear: You never want to hide from your debts. It doesn't work.

The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.

A trifling debt makes a man your debtor; a large one makes him an enemy.

Bad debt is sacrificing your future day needs for your present day desires.

Credit buying is much like being drunk. The buzz happens immediately and gives you a lift... The hangover comes the day after.

In removing the friction involved in paying bills, electronic billing has substantially increased the friction involved in not paying them.

He that goes a borrowing goes a sorrowing.

Who goes a-borrowing goes a-sorrowing.

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to prevent their growth in our own.

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

Do not accustom yourself to consider debt only as an inconvenience; you will find it a calamity.

If you borrow money to make money, you've done something magical. On the other hand, if you go into debt to pay your bills or buy something you want but don't need, you've done something stupid. Stupid and short-sighted and ultimately life-changing for the worse.

Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.