Thomas Friedman Quotes

We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.

I'd say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that's the kind of thing that should be taught about in schools.

I refuse to leave our children with a debt that they cannot repay.

Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.

My own feeling on the consumer is that he - he or she looks at what it costs them to pay their bills every month as opposed to how much debt they have.

There can be no freedom or beauty about a home life that depends on borrowing and debt.

Today, there's no excuse for not learning how to get our financial houses in order. Some of us close our eyes, take a deep breath and say a prayer when it comes to managing our finances.

Debt means you had more fun than you were supposed to.

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

I don't like being in debt, and I wouldn't borrow money for anything.

A man in debt is so far a slave.

My first year on 'SNL', I made $90,000 dollars. And I bought a red Corvette for $45,000 dollars. I'm thinking, 'I've got 45 grand left!' Taxes didn't even come into my equation. At the end of the first year of making 90 grand I was 25, 30 in the hole. We live in this baller, spend-money culture.

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.

Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.

There is an attitude that we should be able to have everything. No, you shouldn't be able to have anything. I'd like a helicopter, but I can't afford a helicopter, so I don't buy one. People are buying stuff they can't afford on credit. I bought my Ford hybrid with cash.

Overspending is as certain a part of the holiday season as overeating. But pushing away from both the table and the cash register at least a little bit sooner can make the post-holiday hangover hurt a little bit less.

I've never got into debt and I've always been in control of my taxes and VAT, but having four children costs a lot. They are my weakness.

Teaching money management is a practical tool that will help shape kids' futures.

You cannot keep out of trouble by spending more than you earn.

My dad was fiscally conservative, and I was influenced by that. He didn't believe in spending more than you had because it gets you into trouble.

It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all.

I'm not broke. Like everybody else, I owe money.

We all think we're going to get out of debt.

I have never had personal debt and never will.

If you don't have the money management skills yet, using a debit card will ensure you don't overspend and rack up debt on a credit card.