Debt Avoidance Quotes

I have never had personal debt and never will.

You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

I am not frugal - I'm quite a big spender - but not on credit.

If you can't pay for a thing, don't buy it. If you can't get paid for it, don't sell it. Do this, and you will have calm and drowsy nights, with all of the good business you have now and none of the bad. If you have time, don't wait for time.

Contentment may be the most powerful Financial Principle. You can give more, avoid debt, and live better.

Save money; never rely on other people to lend you money. We call it having 'walking the streets' money - money in your back pocket or bank account that belongs to you.

Rather go to bed with out dinner than to rise in debt.

I've always been terrified about not having money. I've been a big saver and a big earner. When I've been out of work, I've always found another job. I never wanted to get into debt, because money was very tight when I was growing up. I never felt deprived, but I couldn't have the things I wanted.

People should watch out for three things: avoid a major addiction, don't get so deeply into debt that it controls your life, and don't start a family before you're ready to settle down.

Don’t pass unpaid bills onto your kids.

The man who avoids debt doesn't have to worry about avoiding his creditors.

A habit of debt is very injurious to the memory.

Never run into debt, not if you can find anything else to run into.

For over forty years, in a spirit of love, members of the Church have been counseled to be thrifty and self-reliant; to avoid debt; pay tithes and a generous fast offering; be industrious; and have sufficient food, clothing, and fuel on hand to last at least one year. Today there are compelling reasons to reemphasize this counsel.

Let us avoid debt as we would avoid a plague...Let every head of every household see to it that he has on hand enough food and clothing, and, where possible, fuel also, for at least a year ahead...Let every head of household aim to own his own home, free from mortgage. Let us again clothe ourselves with these proved and sterling virtues-honesty, truthfulness, chastity, sobriety, temperance, industry, and thrift; let us discard all covetousness and greed.

Don't live beyond your means. Don't buy more than you can pay for. Don't expect to get rich quick. And don't confuse salesmen for friends or advisers.

Let us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today...tomorrow.

One thing I want to make clear: You never want to hide from your debts. It doesn't work.

My grandmother told me: 'Never be in debt to anyone or anything.' Which is probably why I've never been financially extravagant - I still go to Costco. I'm always conscious of living within my means.

Don't go into debt and don't spend a lot. It's not how much money you make, it's how much you spend.

The maxim of buying nothing without the money in our pocket to pay for it, would make our country one of the happiest upon earth.

I've always lived cheaply. I live like a student, basically. And I like that because it means that money is not telling me what to do. I can do what I think is important for me to do. It freed me to do what seemed worth doing. So make a real effort to avoid getting sucked into all of the expensive lifestyle habits of typical Americans ... because, if you do that, then the people with the money will dictate what you do with your life. You won't be able to do what's really important to you.

If you have even a smidgen of doubt that you'll be able to stay away from racking up additional debt, don't do it.

I'm the worst customer for a credit card company because I always pay my balance off every month.

The best way for the Government to maintain its credit is to pay as it goes—not by resorting to loans, but by keeping out of debt.