Posts Tagged ‘dangerous’

Lethal Debt

Posted: September 13, 2018 in Debt, Thought for the Day
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“Debt is dangerous for everyone, but it’s lethal for the not yet wealthy.” -Mark Ford

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“It takes money to make money…. To me, this little phrase is one of the biggest and most dangerous lies out there… It is a convenient excuse to simply not try to succeed.

The amount of effort and commitment required will be extraordinary. But that’s the way it goes. You’re trying to break out of the ordinary… So an ordinary effort won’t cut it….  It is much easier to give up. It is much easier to say, ‘It takes money to make money’, and never try.

Don’t ever catch yourself saying, ‘It takes money to make money.’  It doesn’t… It takes a great idea and the willingness to make it happen.” -David Eifrig

“Debt is dangerous when you don’t understand it….  What is dangerous is not understanding the costs, terms, and risks of debt.” -Mark Ford

A friend of mine heard about this deal and said, ‘Well… it takes money to make money.’  I was surprised he said that, actually… To me, this little phrase is one of the biggest and most dangerous lies out there… It is a convenient excuse to simply not try to succeed.” -Steve Sjuggerud

…spend more when you make more” is a “dangerous temptation.” -Mark Ford

This concept can be a leading cause of the following:

“The Sacramento Bee reports 740,000 Californians over age 65 are still in their jobs (or looking for work).  The number’s about twice what it was 15 years ago.  Higher numbers of seniors in both the 65-69 and 70-74 demographic groups are still in the workforce.” -J. Reeves

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” -Thomas Sowell

Dangerous Debt

Posted: October 27, 2015 in Debt
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“Debt is dangerous for everyone, but it’s lethal for the not yet wealthy.” -Mark Ford