Posts Tagged ‘expensive’

“The phrase ‘just because you can doesn’t mean you should’ applies to almost everything in your life… Just because you can buy an expensive house doesn’t mean you should. Just because you can skip work today doesn’t mean you should… The list goes on.” -Dr. David Eifrig

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Free of Cost?

Posted: July 16, 2018 in Money Matters
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“The cost of ‘free’ is usually expensive.” -P.J. O’Rourke

Rich House

Posted: November 20, 2016 in Mortgages
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“Buying a more expensive home every time you get a big raise is a great way to ensure that you will never get rich.  What you want to do is find the least expensive house you can love and keep.  The longer you keep it, the more income you will have to invest in the sorts of assets that will, eventually, make you rich.” -Mark Ford

“…the world has been binging on debt like never before.

The International Monetary Fund reported last month that total nonfinancial-sector debt has ballooned to an all-time record of $152 trillion… while the global debt-to-GDP ratio has also soared to an all-time high of 225%, up from 200% just 14 years ago.

Worse, we’re seeing record debt at the government level, the corporate level, and the consumer level (via auto and student loans, in particular). The boom in corporate borrowing is especially concerning…

U.S. companies have already borrowed $1.4 trillion this year to date, according to data firm Dealogic. This is on pace to shatter last year’s previous all-time record of $1.5 trillion.

Unfortunately, most are using this money to refinance existing loans… buy back stock and pay dividends… and finance expensive (and often questionable) mergers and acquisitions. This will do little to help the economy. But it greatly increases leverage… and risk.” -Justin Brill

Expensive

Posted: February 9, 2016 in Thought for the Day
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“The four most expensive words in the English Language are, ‘This time it’s different.'” – Sir John
Templeton

Expensive Debt

Posted: June 9, 2015 in Debt
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“Debt is expensive. If you abuse it, it will destroy you.” -Tom Dyson

Prevent financial illiteracy:  1.  “Our kids must know that they are not entitled to money or wealth…or anything for that matter, even Christmas presents.  They must earn money.”  2.  “Our children need to understand debt.  Debt is expensive.  If you abuse it, it will destroy you.  It robs you of your independence.”  3.  “Our kids need to learn the power of compound interest and the best way to harness it.  Compound interest is the most powerful force in finance.  And it’s mathematically guaranteed.” -Tom Dyson