70 Quotes on Debt that Will Make You Think (LEVERAGE)

March 31, 2023March 31, 2023

YouTube video

Page Contents:

Top 10 Most Famous Quotes on Debt

My husband has quite simply been my strength and stay all these years, and I owe him a debt greater than he would ever claim. - Queen Elizabeth II — My husband has quite simply been my strength and stay all these years, and I owe him a debt greater than he would ever claim. – Queen Elizabeth II

It's God's will for you to live in prosperity instead of poverty. It's God's will for you to pay your bills and not be in debt. - Joel Osteen — It’s God’s will for you to live in prosperity instead of poverty. It’s God’s will for you to pay your bills and not be in debt. – Joel Osteen

Debt is the secret foe of thrift, as vice and idleness are its open foes. The debt-habit is the twin brother of poverty. - Theodore Munger — Debt is the secret foe of thrift, as vice and idleness are its open foes. The debt-habit is the twin brother of poverty. – Theodore Munger

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience - Adam Smith — What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? – Adam Smith

Debt is the slavery of the free. - Publilius Syrus — Debt is the slavery of the free. – Publilius Syrus

The debt we owe to the play of imagination is incalculable. - Carl Jung — The debt we owe to the play of imagination is incalculable. – Carl Jung

It is very iniquitous to make me pay debts, you have no idea, of the pain it gives one. - Lord Byron — It is very iniquitous to make me pay debts, you have no idea, of the pain it gives one. – Lord Byron

There are but two ways of paying debt-increase of industry in raising income, increase of thrift in laying out. - Thomas Carlyle — There are but two ways of paying debt-increase of industry in raising income, increase of thrift in laying out. – Thomas Carlyle

Rather go to bed without dinner than to rise in debt. - Benjamin Franklin — Rather go to bed without dinner than to rise in debt. – Benjamin Franklin

Worrying is like paying on a debt that may never come due. - Will Rogers — Worrying is like paying on a debt that may never come due. – Will Rogers

16 Quotes on National Debt

“I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.”
Warren Buffett

The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled. - Ross Perot — The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled. – Ross Perot

Blessed are the young for they shall inherit the national debt. - Herbert Hoover — Blessed are the young for they shall inherit the national debt. – Herbert Hoover

“There are two major problems that come out of COVID-19: the massive unemployment that is destroying the revenues for our programs, the paychecks for our families, and the sense of purpose for our workers. The second is the astronomical levels of household government and corporate debt.”
Pierre Poilievre

A national debt, if it is not excessive, will be to us a national blessing. - Alexander Hamilton — A national debt, if it is not excessive, will be to us a national blessing. – Alexander Hamilton

“We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.”
Marco Rubio

I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office. - Barack Obama — I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office. – Barack Obama

In the United States, we have the great Harvard Business School, but America is the country with the greatest debt in the world. - Maharishi Mahesh Yogi — In the United States, we have the great Harvard Business School, but America is the country with the greatest debt in the world. – Maharishi Mahesh Yogi

“A lot of the Republicans wanted exactly what Barack Obama wanted, exactly what Nancy Pelosi wanted, exactly what Harry Reid wanted, which is to raise the debt ceiling, but they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn’t do it.”
Ted Cruz

Millennials are concerned with national debt and the deficits. - Margaret Hoover — Millennials are concerned with national debt and the deficits. – Margaret Hoover

“Our growing national debt is a threat to our national defense and to our domestic priorities, including research and development, education, health care, and investments in our economic growth.”
Seth Moulton

Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C. - Dan Benishek — Enough is enough. Enough of the waste. Enough of the spending. Enough of the debt. Enough of the arrogance in Washington, D.C. – Dan Benishek

“It is not only our duty but our moral obligation to break from the oppression of debt. We must rise above the political considerations and do what is right for the future of our nation.”
Dan Coats

“To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it.”
David Malpass

“We are a big country, with lots of advantages and history. We are proud to be French. We have to call on patriotism at this time… to ask for an effort in the battle against debt.”
Francois Hollande

“Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt.”
Murray Rothbard

16 Profound Quotes on Debt and Life

“It is not from your own goods that you give to the beggar; it is a portion of his own that you are restoring to him. The Earth belongs to all. So you are paying back a debt and think you are making a gift to which you are not bound.”
Saint Ambrose

The debt of gratitude we owe our mother and father goes forward, not backward. What we owe our parents is the bill presented to us by our children. - Nancy Friday — The debt of gratitude we owe our mother and father goes forward, not backward. What we owe our parents is the bill presented to us by our children. – Nancy Friday

Forgive Make a conscious decision to cease to harbor resentment, which includes forgiving a debt and giving up one's resolve to retaliate. - Clarissa Pinkola Estes — Forgive: Make a conscious decision to cease to harbor resentment, which includes forgiving a debt and giving up one’s resolve to retaliate. – Clarissa Pinkola Estes

A promise made is a debt unpaid. - Robert W. Service — A promise made is a debt unpaid. – Robert W. Service

But learn that to die is a debt we must all pay. - Euripides — But learn that to die is a debt we must all pay. – Euripides

First, our pleasures die - and then our hopes, and then our fears - and when these are dead, the debt is due dust claims dust - and we die too. - Percy Bysshe Shelley — First, our pleasures die – and then our hopes, and then our fears – and when these are dead, the debt is due dust claims dust – and we die too. – Percy Bysshe Shelley

We owe the Greatest Generation a debt we can never fully repay. - Tommy Tuberville — We owe the Greatest Generation a debt we can never fully repay. – Tommy Tuberville

Try as you may, you cannot put the Lord in your debt. For every time you try to do His will, He simply pours out more blessings upon you. - Ezra Taft Benson — Try as you may, you cannot put the Lord in your debt. For every time you try to do His will, He simply pours out more blessings upon you. – Ezra Taft Benson

We can pay our debts to the past by putting the future in debt to ourselves. - John Buchan — We can pay our debts to the past by putting the future in debt to ourselves. – John Buchan

This would be a much better world if more married couples were as deeply in love as they are in debt. - Earl Wilson — This would be a much better world if more married couples were as deeply in love as they are in debt. – Earl Wilson

Let us live is as small a circle as we will, we are either debtors or creditors before we have had time look around. - Johann Wolfgang Von Goethe — Let us live is as small a circle as we will, we are either debtors or creditors before we have had time look around. – Johann Wolfgang Von Goethe

Debt is the worst poverty. - Thomas Fuller — Debt is the worst poverty. – Thomas Fuller

I am indebted to my father for living, but to my teacher for living well. - Alexander the Great — I am indebted to my father for living, but to my teacher for living well. – Alexander the Great

Good times are when people make debts to pay in bad times. - Robert Quillen — Good times are when people make debts to pay in bad times. – Robert Quillen

You must gain control over your money or the lack of it will forever control you. - Dave Ramsey — You must gain control over your money or the lack of it will forever control you. – Dave Ramsey

As it turns out, we don't all have to pay our debts. Only some of us do. - David Graeber — As it turns out, we don’t “all” have to pay our debts. Only some of us do. – David Graeber

14 Wise Quotes on Debt Of Money

“Debt certainly isn’t always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.”
Jean Chatzky

Every time you borrow money, you're robbing your future self. - Nathan W. Morris — Every time you borrow money, you’re robbing your future self. – Nathan W. Morris

Remember this: debt is a form of bondage. It is a financial termite. - Joseph B. Wirthlin — Remember this: debt is a form of bondage. It is a financial termite. – Joseph B. Wirthlin

“Whether we are working to pay off student loans, credit card debt, paying for elder or childcare, or even trying to save for retirement, the idea of the American dream still remains just that – a dream.”
Adrienne C. Moore

Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life. - Dave Ramsey — Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life. – Dave Ramsey

You cannot spend your way out of recession or borrow your way out of debt. - Daniel Hannan — You cannot spend your way out of recession or borrow your way out of debt. – Daniel Hannan

“Take any person, put them in the wrong environment, and they can get off to some pretty bad things. Warren Buffett has said that he would not like to get into debt because he doesn’t want to discover what behavior he’s capable of.”
Guy Spier

I don't come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt. - Candace Owens — I don’t come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt. – Candace Owens

Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt. - Henrik Ibsen — Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt. – Henrik Ibsen

“Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company’s equity, leaving it without enough money to repay the people who hold its debt.”
Alex Berenson

The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt. - Bernie Sanders — The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt. – Bernie Sanders

The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion. - Alan Greenspan — The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion. – Alan Greenspan

“We can all agree that we need to be helping small businesses. All of us can agree that the cost of higher education is too high, and college debt is too big of a burden for young people.”
Ilhan Omar

No one should be incarcerated for debt or squeezed for money they have no chance of getting their hands on. - Barbara Ehrenreich — No one should be incarcerated for debt or squeezed for money they have no chance of getting their hands on. – Barbara Ehrenreich

2 Quotes on Bad Debt

“Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.”
Noam Chomsky

“Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.”
Robert Kiyosaki

12 Quotes on Debt That Will Make You Think

“The inflated imitations of gold and silver, which after the rapture are thrown into the fire, all is exhausted and dissipated by the debt. All scrips and bonds are wiped out. At the fourth pillar dedicated to Saturn, split by earthquake and flood: vexing everyone, an urn of gold is found and then restored.”
Nostradamus

Science does not know its debt to imagination. - Ralph Waldo Emerson — Science does not know its debt to imagination. – Ralph Waldo Emerson

We owe our World War II veterans - and all our veterans - a debt we can never fully repay. - Doc Hastings — We owe our World War II veterans – and all our veterans – a debt we can never fully repay. – Doc Hastings

“You’re trying to sleep off a debt that you’ve lumbered your brain and body with during the week, and wouldn’t it be lovely if sleep worked like that? Sadly, it doesn’t. Sleep is not like the bank, so you can’t accumulate a debt and then try and pay it off at a later point in time.”
Matthew Walker

I used to have insecurity about my finances, then I announced that I had debt, and now I don't have any insecurities. - Kanye West — I used to have insecurity about my finances, then I announced that I had debt, and now I don’t have any insecurities. – Kanye West

To vote is like the payment of a debt, a duty never to be neglected, if its performance is possible. - Rutherford B. Hayes — To vote is like the payment of a debt, a duty never to be neglected, if its performance is possible. – Rutherford B. Hayes

“King of England, and you, duke of Bedford, who call yourself regent of the kingdom of France… settle your debt to the king of Heaven; return to the Maiden, who is envoy of the king of Heaven, the keys to all the good towns you took and violated in France.”
Joan of Arc

Debt is one person's liability, but another person's asset. - Paul Krugman — Debt is one person’s liability, but another person’s asset. – Paul Krugman

I care very deeply about the people at Tesla. I feel like I have a great debt to the people of Tesla who are making the company successful. - Elon Musk — I care very deeply about the people at Tesla. I feel like I have a great debt to the people of Tesla who are making the company successful. – Elon Musk

“Like almost everyone who uses e-mail, I receive a ton of spam every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren’t so exciting.”
Bill Gates

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. - John Maynard Keynes — If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. – John Maynard Keynes

[Credit is a system whereby] a person who can't pay, gets another person who can't pay, to guarantee that he can pay. - Charles Dickens — [Credit is a system whereby] a person who can’t pay, gets another person who can’t pay, to guarantee that he can pay. – Charles Dickens

(MUST READ) Debt: The First 5,000 Years,Updated and Expanded

Debt: The First 5,000 Years,Updated and Expanded — Debt: The First 5,000 Years,Updated and Expanded

Also read:

Quotes on Debt that Will Make You Think (LEVERAGE) - Gracious Quotes

previous post

60 Fyodor Dostoevsky Quotes on Love & Happiness (LIFE)

next post

70 Tim Cook Quotes on Life & Teamwork (LEADERSHIP)