Posts Tagged ‘means’

“Tom and Kate know they have a serious debt problem…

They spend their lives in a constant state of stress – trying to figure out ways to juggle their debt. They consistently live beyond their means. The only thing that limits their spending is the limit on their credit cards.

Tom and Kate are in the top 15% of U.S. households, bringing home a combined $160,000 per year. Yet like many people, they’re deeply in debt… spending everything they make and borrowing even more.”

-Bill McGilton

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“The married couple of 20 years is just a step away from financial disaster….

Millions of over-leveraged consumers – who can’t distinguish between a ‘want’ and a ‘need’, refuse to live within their means, require a certain standard of living, and use most of their available credit without knowing when or how they’ll pay it off – are a big credit risk. They live on the edge of default….

Inevitably, irresponsible lending always leads to a bust….  Credit-card debt is growing so fast, it’s even outpacing strong wage growth….

Trouble is brewing… It’s only a matter of time before this recklessness blows up.” -Bill McGilton

Time Obsessed

Posted: July 19, 2018 in Thought for the Day
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“Whatever you’re obsessive about, whatever means more to you than anything else is where you will put your time.” -Sasha Cohen

Wealth Trick

Posted: April 4, 2018 in Money Matters
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You need to live below your means to accumulate wealth. There’s no backdoor trick around that fact.” -David Eifrig

What You Want

Posted: April 17, 2014 in Thought for the Day
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“…there are only two ways to get what you want in life… There are honest means, and dishonest ones.” -Bill Bonner