John W. Henry Quotes

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

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.

To suggest that we can't pay our debts - that's absolutely not true.

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.

Someone has to pick up the tab when people get out of repaying their own debts.

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

Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't service your debt.

What I'm most proud of is that I paid off all the debts of my household.

An improving credit landscape means fewer loans are delinquent - and fewer people are needed to service these loans.

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.

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

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

A debt may get mouldy, but it never decays.

Rolling all of your debts into a single loan is a good idea - in theory. In fact, it can be a great idea.

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.

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.

We have, unlike many of our competitors, continued to meet our various financial obligations.

Get rid of debt now.

You know, we've got to be responsible about our debt. We don't want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.

To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you're throwing money away, perhaps. More money flowing to other financial objectives. Then consult the list when you have doubts.

The answer to too much debt is not more debt; it is less debt.

Borrowed money, even when owing to a nation by another nation, should be repaid. They hired the money, didn't they? Let them pay it.

Debt is a prolific mother of folly and of crime.

With regard to the instalments of the foreign debt, these ... ought to be paid by new loans abroad.

You do not want to get your debt ratio out of whack.