Posts Tagged ‘afford’

Affordable?

Posted: October 30, 2018 in Economics
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“Our economy can’t afford our government.” -Porter Stansberry

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“Nearly 51 million households – or more than 40% of all U.S. households – can’t afford even the basics of a middle-class lifestyle.” -Justin Brill

“Debt is simply a way for you to own and control more than you can currently afford from your savings. When you take on debt, you are agreeing to use future earnings to pay for something you want now. In general, if it’s something consumed – like a car, clothes, or airplane tickets – all you’re doing is stealing from your future to satisfy your present desires or needs. Eventually, it will not work.” -David Eifrig

“You work a job to make money.  You work a career to build something you value.  A job is something you do to make money.  A career is a life’s vocation.  With a job, you are always thinking about the time you won’t be working.  With a career, you are always thinking about the career even when you aren’t working….  The litmus test for determining whether you have a job or a career is this question (suggested to me by Gary North many years ago): If you could afford to, would you do it for free?” -Mark Ford

“Debt is simply a way for you to own and control more than you can currently afford from your savings.  When you take on debt, you are agreeing to use future earnings to pay for something you want now.  In general, if it’s something consumed – like a car, clothes, or airplane tickets – all you’re doing is stealing from your future to satisfy your present desires or needs.  Eventually, it will not work.” -David Eifrig

Poor Lifestyle

Posted: November 2, 2015 in Money Matters
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“Holding on to a lifestyle you can’t afford will make you poorer—every month.” -Mark Ford

“The U.S. stimulates its people to buy more Chinese-made goods.  And China stimulates its manufacturers to make more stuff for people who can’t afford it.  Both are heading for trouble…. Americans are hooked on spending.  They consume their wealth…and more.” -Bill Bonner