Debt Quotes - Page 24

• There are many kinds of adult adversities that can provoke severe psychological distress, including debt and unemployment, dysfunctional marital relationships and occupational stress. The reality is that the social causes of mental ill-health are all around us.

  Richard Bentall

  Stress, Adversity, Reality

  Source: www.psychologytoday.com

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• The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.

  Jamie Dimon

  People, Advice, Derivatives

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• People thought they were going to make a lot of money. And then at one point, it got too hot, and the government wanted to knock it down. Trying to get it up and then knock it down, both were a mistake. And part of the reason, some people think, is that they wanted to equitize some of their companies. A healthy stock market helps equitize companies and reduce the country's debt burden.

  Jamie Dimon

  Country, Mistake, Thinking

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.

  Jamie Dimon

  Moving, Doe, Looks

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• That the policies - from energy to labor policies, trade policies, government policies relating to debt and deficits are all aligning in such a way that America, far from being one of the places people are running from, is a place people are going to come to and add jobs.

  Mitt Romney

  Running, Jobs, Government

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• If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.

  Michelle Singletary

  Want, Enough, Retiring

  "Color of Money Live". Live chat, live.washingtonpost.com. March 10, 2016.

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• 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

  Progress, Motivated, Ends

  "Color of Money Live". Live chat, live.washingtonpost.com. March 10, 2016.

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• I would use the debt limit. I don't want to say - I want to be unpredictable, because, you know, we need unpredictability. Everything is so predictable with our country.

  Donald Trump

  Country, Needs, Use

  Source: www.realclearpolitics.com

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• I would be very, very strong on the debt limit. And I would be asking for a very big pound of flesh if I were the Republicans. And the problem with the Republicans, they have two sides. The smaller side is very strong and the other side is always agreeing and, you know, you can't do that.

  Donald Trump

  Strong, Two Sides, Would Be

  Source: www.realclearpolitics.com

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• 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

  Retirement, Jobs, Thinking

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant.

  Suze Orman

  Children, School, Cards

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.

  Suze Orman

  Kids, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.

  Suze Orman

  Pay, Students, Remember

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

  Suze Orman

  Mean, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.

  Suze Orman

  Pay, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

  Barack Obama

  Government, Support, Principles

  "Interview with President Barack Obama". "NBC Today Show" with Matt Lauer, archives.nbclearn.com. February 2, 2009.

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• The world is awash in more debt than there is money enough in the world to liquidate it.

  John L. Casti

  World, Enough

  Source: bigthink.com

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• Trying to solve the problem by creating more debt is analogous to trying to stop being an alcoholic by going on a bender down at the corner bar.

  John L. Casti

  Creating, Trying, Bars

  "What If Everything Went Straight to Hell?". Interview with Austin Allen, bigthink.com.

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• At some point, the world is going to have to bite the bullet and accept a huge downsizing in its way of life to bring the assets-to-debt ratio back in touch with reality.

  John L. Casti

  Reality, World, Ratios

  "What If Everything Went Straight to Hell?". Interview with Austin Allen, bigthink.com.

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• Well, I feel that we're kind of fortunate that this book gives the whole world a lesson in economics and how to get out of the mess that we're all in. It's basic message is to try and stop spending as much and try to release some of your assets to pay off your debt.

  Jerry Bruckheimer

  Book, Giving, Trying

  "Confessions of a Shopaholic". Interview with Rob Carnevale, www.indielondon.co.uk.

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• China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.

  Juan Enriquez

  Years, Important, Littles

  Source: bigthink.com

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• When we graduated from college and law school, we had a mountain of debt.

  Jennifer Lopez

  School, College, Law

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• I'm a true reactionary. Like all patricians, I'd like to restore the original republic, which we lost 40 years ago when Harry Truman imposed the national security state on us, which has kept us at war, hot or cold, for almost half a century, and it's got us $4 trillion into debt.

  Gore Vidal

  War, Years, Harry Truman

  "Fresh Air Remembers Writer And Critic Gore Vidal". www.npr.org. August 2, 2012.

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• The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking.

  Robert F. Engle

  Risk, Reason Why, Want

  Source: bigthink.com

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• I had school debt I had to pay off. Sometimes I would do commercials to get me through. And so I kept bumping along like that and learning different things. I knew I wanted to get out on my own. I was just super-curious, and I was a good listener. And that got me through.

  Susan Sarandon

  School, Different, Pay

  Source: www.interviewmagazine.com

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