Sallie Krawcheck Quotes

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.

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

I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.

You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.

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

Too often, we make budget cuts - then blow the savings. Instead, think about your financial picture. Do you have high-interest rate debt? Paying it off faster will save you a bundle.

If you put a purchase on a charge card, you're paying it off forever. You have to know how to pay it off before you go deeply in debt.

Get rid of debt now.

The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.

If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.

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

If you have debt, you have to worry about it. I would challenge each of you to try to be debt-free.

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.

You want 21 percent risk free? Pay off your credit cards.

Make this the year you tackle that credit card debt once and for all.

Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?

Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.

I've always had an aversion to debt.

As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret.

There are but two ways of paying debt—increase of industry in raising income. increase of thrift in laying out.

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.

We need to have a goal of becoming debt-free as soon as possible.

I've had to take out a couple of loans; I'm not gonna lie. I want to pay off my debts. I want to start stacking some cash and set myself up for the future.

A lower interest rate doesn't make a debt go away.

A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.