A Quote by Benjamin Franklin
When you are in debt, then you are a slave.
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Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety.
Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.
Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave.
A man in debt is so far a slave.
When you get in debt you become a slave.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.
I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
Hindustan had become free. Pakistan had become independent soon after its inception but man was still slave in both these countries -- slave of prejudice … slave of religious fanaticism … slave of barbarity and inhumanity.
If there be a human being who is freer than I, then I shall necessarily become his slave. If I am freer than any other, then he will become my slave. Therefore equality is an absolutely necessary condition of freedom.
The good man, though a slave, is free; the wicked, though he reigns, is a slave, and not the slave of a single man, but- what is worse - the slave of as many masters as he has vices.
Quing-Jao: I am a slave to the gods, and I rejoice in it. Jane: A slave who rejoices is a slave indeed.
A slave-holder cannot hold a slave without putting himself or his deputy in the cage for holding the slave.
If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.
Slave power crushes freedom of speech and of opinion. Slave power degrades labor. Slave power is arrogant, is jealous and intrusive, is cruel, is despotic, not only over the slave but over the community, the state.
I have younger friends who are in this pinch where they feel they've been counted out before they've had a chance to prove themselves. They've inherited a lot of debt - not just student debt but environmental debt, political debt. They really feel squeezed.
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