Barry Sternlicht Quotes

In this business, if you don't pay your debts you're finished.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.

All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top.

As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from—so it must be with a government.

We have trouble, my friends, in the country, because we have too much money owing, the greatest indebtedness that has every been given to civilization … Two hundred and seventy-two thousand millions of dollars of debts are owed by the various people of this country today. Why, my friends, that cannot be paid. It is not possible for that kind of debt to be paid.

If you are a borrower, the more you borrow, the more it costs.

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.

A man in debt is so far a slave.

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

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer.

Our Sheffield and London homes are worth well over a million but the bank owns most of them - we are mortgaged up to the gills.

Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all.

There is scarcely anything that drags a person down like debt.

We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

You know it is not my interest to pay the principal, or my principal to pay the interest.

Ever since going up to university, I have accumulated new debt, and new means of becoming indebted.

You can't be in debt and win. It doesn't work.

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.

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.

Debt is a drag, a reality you may experience with every credit-card bill you open. But for a corporation or a government, it can be even more of a drag - on economic growth and job creation.

We have to make debt evil.

Debt is the prolific mother of folly and of crime; it taints the course of life in all its dreams.

Between debt and taxes Americans had usually chosen debt.

A man needs credit. Especially when he has no money.