Posts Tagged ‘earnings’

“Remember the old saying: Give a man a fish and he’ll eat for a day. But give him a fishing rod and he’ll have food forever.

That is the difference between earnings and capital. The rod is a capital asset. With it, you can catch not just one fish, one time… but many fish, over a long period of time. Naturally, a rod is worth more than a fish. But its value goes down sharply when the fish disappear.“ -Bill Bonner

“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

“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

Owe Earnings?

Posted: January 20, 2015 in Debt
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“Debt is always deflationary.  The more people owe, the more of their future earnings they have to set aside to pay for it.” -Bill Bonner

Debt Collapse

Posted: January 8, 2015 in Debt
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“Logic, math and experience tell us that an overburden of debt – unsupported by higher real earnings – will collapse onto the heads of the people beneath it.” -Bill Bonner

Debt Bondage

Posted: March 22, 2014 in Debt
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“…debt must be serviced and retired from future earnings. This reduces the amount of capital available for current wants and needs. Thus the future is placed in debt bondage to satisfy the desires of the here and now.” -Bill Bonner