“The ruling passion of the age is to convert wealth into debt in order toderive a permanent future income from it - to convert wealth that perishesinto debt that endures, debt that does not rot, costs nothing to maintain,and brings in perennial interest.”
“We can pay our debts to the past by putting the future in debt to ourselves.”
“Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.”
“Time debt is as big a problem as financial debt.”
“There are only a few absolute truths in finances, like the fact that if you spend less than you make and have no debt, you’re creating wealth. Another is that the housing market is cyclical.”
“Science does not know its debt to imagination.”