Quotes & Sayings About Paying Debt

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. — Jean Chatzky

So when folks talk about the deficit and leaving the deficit for our children, we will never get out of debt had this country until people get back to work, until they have good-paying jobs, and in between times, we will not move this economy forward until we are helping people be able to keep going in this recession. — Debbie Stabenow

By paying our other debts, we are equal with all mankind; but in refusing to pay a debt of revenge, we are superior. — Charles Caleb Colton

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. — Alan Collinge

Worrying is like paying a debt you don't owe. — Mark Twain

You, you buy into all this stuff about good guys and bad guys in the world. A loan shark breaks a guy's leg for not paying his debt, a banker throws a guy out of his home for the same reason, and you think there's a difference, like the banker's just doing his job but the loan shark's a criminal. I like the loan shark better because he doesn't pretend to be anything else, and I think the banker should be where I am sitting right now. I'm not going to live some life where I pay my fucking taxes and fetch the boss a lemonade at the company picnic and buy life insurance. Get older, get fatter, so I can join a men's club in Back Bay, smoke cigars with a bunch of assholes in a back room somewhere, talk about my squash game and my kid's grades. Die at my desk, and they'll already have scraped my name off the office door before the dirt's hit the coffin. — Dennis Lehane

Jimmy put in a word and told them that if I made it, I wouldn't be able to live with myself without paying them back. That I'd sooner die than owe anyone money for helping me.
Apparently Jimmy knew more about me at that point than I knew about myself. — Craig Ferguson

Every time we look at the cross Christ seems to say to us, 'I am here because of you. It is your sin I am bearing, your curse I am suffering, your debt I am paying, your death I am dying.' Nothing in history or in the universe cuts us down to size like the cross. — John Stott

The power of discretionary disqualification by one law of Parliament, and the necessity of paying every debt of the Civil List by another law of Parliament, if suffered to pass unnoticed, must establish such a fund of rewards and terrors as will make Parliament the best appendage and support of arbitrary power that ever was invented by the wit of man. — Edmund Burke

Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it. — Robert Kiyosaki

Guilt is a feeling that you owe a debt that you're not paying. — Stefan Molyneux

Half a world away, on the same Friday, the Chamber of Deputies in France opened debate on paying the United States a debt of 25 million francs (about $5 million) as an indemnity for French damage to American shipping during the Napoleonic wars. France had agreed to pay the money under an 1831 treaty, but after four days of consideration, by a margin of eight, France declined to honor its obligations. — Jon Meacham

Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result, many professional investors think the government would repay the debt that Fannie Mae had issued if the company could not, although Fannie Mae explicitly says that its bonds do not carry a federal guarantee. — Alex Berenson

terms. The net effect is that I have created $30,000 in my asset column for which I am paid interest, just like a bank gets paid interest for the loans it makes. I was beginning to be a bank, and I loved it. Remember that rich dad said, "Be careful when you take on debt. If you take on debt personally, make sure it's small. If you take on large debt, make sure someone else is paying for it." In the language of the B and I side, I "laid off" my risk, or "hedged" my risk to another buyer. That is the game in the world of finance. This type of transaction is done all over the world. Yet wherever I go, people come up to me and say those magic words: "You can't do that here." What most small investors fail to realize is that many large commercial buildings are bought and sold exactly in the manner described above. Sometimes they go through a bank, but many times — Robert T. Kiyosaki

Jesus did not pay the penalty for our misdeeds so we can continue disobeying God with abandon; rather, in dying on the cross, Jesus not only canceled our spiritual debt but also cured our spiritual disease. When we put our trust in Christ, He forgives our sins and also begins the work of changing us from the inside to become holy and loving like Him, and like God our Father. Jesus does this through the Holy Spirit, whom He sent. Salvation by grace does not mean we stay impure sinners forever. Rather, it means that God forgives all our sins and does for us what we cannot do for ourselves by paying the penalty for our sins and working to eliminate sin from our lives. He does this in two stages: while we are mortal, the Holy Spirit changes our hearts so that we begin to live in a way that is more pleasing to God, even though we still commit sin; and then in the resurrection at the end of history, we will be made morally and spiritually perfect beings. — Nabeel Qureshi

If you do not have at least an eight-month emergency fund, and you think there's a probability you could loose your job - and it's not just losing your job; you could be in a car accident, get sick - continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt. — Suze Orman

When I treat other people with kindness and love, it is part of my way of paying my debt to God and the world for the privilege of living on this planet. — Ben Carson

Cheerfulness is a debt we owe to society, in the paying of which we receive a generous discount. We can not open our hearts to give out cheer without more cheer rushing in to take its place. — Alice Hegan Rice

My parents had no money, but they had strong values that I've carried throughout my life - things like not going into debt, never borrowing money, never leveraging, paying your bills on time, keeping your agreements, selling customers the right things, treating employees right, and growing things. — Jack Dangermond

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. — Charlie Munger

A sleep without dreams, after a rough day of toil, is what we covet most; and yet
How clay shrinks back from more quiescent clay!
The very Suicide that pays his debt at once without installments
(an old way of paying debts, which creditors regret)
Lets out impatiently his rushing breath, less from disgust of life than dread of death. — Lord Byron

Pay your tithes and offerings out of honesty and integrity because they are God's rightful due ... Paying tithing is not a token gift we are somehow charitably bestowing upon God. Paying tithing is discharging a debt. — Jeffrey R. Holland

An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt. — Robert Kiyosaki

There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back. — George W. Bush

The future of the Democratic Party, the future of this country is involving young people in the political process, getting them to stand up for their rights, dealing with student debt, which I got to tell you is just crushing people all over this country, making public colleges and universities tuition free, those are the ideas we are bringing out, demanding the wealthy and large corporations start paying their fair share of taxes. This is what younger people, working class people want. That is the future of the Democratic Party. — Bernie Sanders

No man deserves a woman like that. He mortgages his very soul to win her and spends his life paying off the debt. — Tessa Dare

Rule number one in paying yourself first is: Don't get into consumer debt in the rst place. — Robert T. Kiyosaki

Americans spend much of their adult lives paying taxes in various forms. We should end this practice of paying a tax that is triggered only by debt. — Jennifer Dunn

Everyone has some kind of debt. Such is life. Debts and liabilities, obligations, gratitude, payments, doing something for someone. Or perhaps for ourselves? For in fact we are always paying ourselves back and not someone else. Each time we are indebted we pay off the debt to ourselves. In each of us lies a creditor and a debtor at once and the art is for the reckoning to tally inside us. We enter the world as a minute part of the life we are given, and from then on we are ever paying off debts, To ourselves. For ourselves. In order for the final reckoning to tally. — Andrzej Sapkowski

The Savior asks us to repent not just to repay him for paying our debt to justice, but also to induce us to undergo the personal development that will purify our very nature. The 'natural man' will remain an enemy to God forever - even after paying for his own sins - unless he also 'becometh a saint through the atonement of Christ the Lord.' (Mosiah 3:19.) — Bruce C. Hafen

I place economy among the first and most important virtues and public debt as the greatest dangers to be feared ... We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude ... The same prudence which in private life would forbid our paying money for unexplained projects, forbids it in the disposition of public money. We are endeavoring to reduce the government to the practice of rigid economy to avoid burdening the people. — Thomas Jefferson

If you've got $25,000, $50,000, $100,000, you're better off paying off any debt you have because that's a guaranteed return. — Mark Cuban

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. — Jean Chatzky

The middle and working classes are paying the debt that the financial markets created. — Javier Bardem

Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans. — Michael Hudson

Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt. — J. C. Watts

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes. — Alan Greenspan

Do you have to regret spending money when you earn money? And when it is time to spend, you should be strong that you got the opportunity to pay off your debt. Income is one's responsibility and expense is the means to clear off the responsibility. — Dada Bhagwan

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. — Gregory Meeks

When you forgive, you must cancel the debt. Do not spend your life paying and collecting debts. — Joyce Meyer

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. — Robert Kiyosaki

And though he had almost flunked in Greek, his thesis on 'Sixteen Ways of Paying a Church Debt' had won the ten-dollar prize in Practical Theology. — Sinclair Lewis

What if...what if that is the price one has to pay for staying on? Perhaps that is how they look at it: perhaps that is how I should look at it too. They see me as owing something. They see themselves as debt collectors, tax collectors. Why should I be allowed to live here without paying? — J.M. Coetzee

Like all other self-respecting peoples, we have no intention of paying our debts. Or, to be more nearly accurate, the capitalists who expect to exploit us " for all time and eternity " have no intention of permitting us to pay our debts. They trump up new schemes to cause us to go more deeply into their debt. They intoxicate us with the strong fumes of "world power." They tell us how fine a thing it is to be reckoned among the great nations of the world. They cause us to maintain great military establishments and to build more and greater dreadnoughts. Thirty years ago we spent almost nothing on the navy and little more on the army. Now we are spending $300,000,000 a year on the army and navy. Almost a million dollars every week-day. Sixty-five cents of every dollar that is raised by the American government by taxation is spent for wars past or to come - for pensions, battleships or soldiers. — Anonymous

We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. — Marco Rubio

Allow a government to decline paying its debts and you overthrow all public morality-you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt. — Alexander Hamilton

Borrowers were told not to worry about paying the ever-mounting debt, because house prices would keep rising and they could refinance, taking out some of the capital gains to buy a car or pay for a vacation. — Joseph E. Stiglitz

There are but two ways of paying debt: Increase of industry in raising income, increase of thrift in laying out. — Thomas Carlyle

Paying debt service to banks leaves less income to buy goods and services. — Michael Hudson

For too many years, politicians in Washington have been eager to pledge more hard-earned taxpayer dollars to help deal with the student debt load. But this doesn't sit right with the many Americans who take pride in making fiscally responsible choices and paying off their loans on time. — John Kline

Worrying is like paying on a debt that may never come due. — Will Rogers

Lobola ("bride price") is a retired broke father's last hope to paying off his debts. — Mokokoma Mokhonoana

One man thinks justice consists in paying debts, and has no measure in his abhorrence of another who is very remiss in this duty and makes the creditor wait tediously. But that second man has his own way of looking at things; asks himself Which debt must I pay first, the debt to the rich, or the debt to the poor? the debt of money or the debt of thought to mankind, of genius to nature? For you, O broker, there is not other principle but arithmetic. For me, commerce is of trivial import; love, faith, truth of character, the aspiration of man, these are sacred; — Ralph Waldo Emerson

But I can't say that gratitude was my motive for infringing on the Law of Cultural Embargo. I was not paying my debt to him. Such debts remain owing. Estraven and I had simply arrived at the point where we shared whatever we had that was worth sharing. — Ursula K. Le Guin

People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows. — Michael Hudson

That's why you never hear politicians talking about 'citizens,' it's all 'taxpayers,' as though the salient fact of your relationship to the state is how much you pay. Like the state was a business and citizenship was a loyalty program that rewarded you for your custom with roads and health care. Zottas cooked the process so they get all the money and own the political process, pay as much or as little tax as they want. Sure, they pay most of the tax, because they've built a set of rules that gives them most of the money. Talking about 'taxpayers' means that the state's debt is to rich dudes, and anything it gives to kids or old people or sick people or disabled people is charity we should be grateful for, since none of those people are paying tax that justifies their rewards from Government Inc. — Cory Doctorow

Many delight more in giving of presents than in paying their debts. — Philip Sidney

When you hear the phrase "rescue the financial system," translate it in your mind into "keep the debts on the books." They are trying to find a way for you (and debtor nations too) to keep paying and for the debt to keep growing. — Charles Eisenstein

The debt immense of endless gratitude, So burthensome, still paying, still to owe; Forgetful what from him I still receivd, And understood not that a grateful mind By owing owes not, but still pays, at once Indebted and dischargd; what burden then? — John Milton

Take me less seriously.) 10. Paying the piper. (Parenthood repays a debt. But who wants to pay a debt she can escape? Apparently, the childless get away with something sneaky. Besides, what good is repaying a debt to the wrong party? Only the most warped mother could feel rewarded for her trouble by the fact that at last her daughter's life is hideous, too.) Those, as best I can recall, are the pygmy misgivings I weighed beforehand, and I've tried not to — Lionel Shriver

Death. To die. To expire. To pass on. To perish. To peg out. To push up daisies. To push up posies. To become extinct. Curtains, deceased, Demised, departed And defunct. Dead as a doornail. Dead as a herring. Dead as a mutton. Dead as nits. The last breath. Paying a debt to nature. The big sleep. God's way of saying, "Slow down." — Patch Adams

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. — Michael Hudson

Hamilton used the sinking fund to maintain the confidence of creditors in the government's securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government. — Gordon S. Wood

Our domestic problems are for the most part economic. We have our enormous debt to pay, and we are paying it. We have the high cost of government to diminish, and we are diminishing it. We have a heavy burden of taxation to reduce, and we are reducing it. But while remarkable progress has been made in these directions, the work is yet far from accomplished. — Calvin Coolidge

Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. — George Dennison Prentice

In my personal life I'm very conservative. I've been married to the same person for nearly 50 years, I'm scrupulous about paying bills, avoiding debt. I'm very careful. But as an actor I'm pretty reckless. I've done a lot of things that, when I see myself on screen, I have to shut my eyes. And I've made a whole bunch of movies that nobody sees, including me. — Christopher Walken

Worrying is paying interest on a debt you might not even owe. — Mark Twain

Do not confuse "duty" with what other people expect of you; they are utterly different. Duty is a debt you owe to yourself to fulfil obligations you have assumed voluntarily. Paying that debt can entail anything from years of patient work to instant willingness to die. Difficult it may be, but the reward is self-respect. -Robert A. Heinlein — Christopher G. Nuttall

I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it. — Michelle Singletary

Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full of schemes for getting something for nothing. They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because we owe it to ourselves. — Henry Hazlitt

Environmental concern is a little like dieting or paying off credit-card debt - an episodically terrific idea that burns brightly and then seems to fade when we realize there's a reason we need to diet or pay down our debt. The reason is that it's really, really hard, and too many of us in too many spheres of life choose the easy over the hard. — Jon Meacham

Human beings owe a debt of love to one another because there is no other method of paying the debt of love and care which all of us owe to providence. — Nathaniel Hawthorne

Revenge is a debt, in the paying of which the greatest knave is honest and sincere, and, so far as he is able, punctual. — Charles Caleb Colton

Too many of us never understand what we owe to our dear ones until there remains no further opportunity of paying love's debt. — J.R. Miller

College dropouts with significant debt struggle with repayment over the course of their lives and do not receive the benefits afforded to their peers who have debt but obtain higher-paying jobs as a result of college completion. — Hank Johnson

It is not from your own goods that you give to the beggar; it is a portion of his own that you are restoring to him. The Earth belongs to all. So you are paying back a debt and think you are making a gift to which you are not bound. — Saint Ambrose