A Quote by Dave Ramsey
Debt gives you the ability to look like you’re winning when you’re not.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Hudson Taylor and Charles Spurgeon believed that Romans prohibits debt altogether. However, if going into debt is always sin, it's difficult to understand why Scripture gives guidelines about lending and even encourages lending under certain circumstances. Proverbs says "the borrower is servant to the lender." It doesn't absolutely forbid debt, but it's certainly a strong warning.
Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.
I just really like writing and making television shows. There are ego rewards in doing battle with other television programs in prime time in the main season. I suppose there are times when I might look at that and think that's the major league. But when you look at it, ultimately would I really want to gamble my livelihood and my ability to connect with my fan base or write a show that I really like writing, or in some cases direct a show that I really like directing, for the sake of winning an ego battle? It's totally not worth it. That stuff is so ephemeral.
You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC [ home equity line of credit ] - you're taking an unsecured debt and turning it into a secured debt.
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.
Winning is irrelevant when you’re 11 or 12 years old. It really is it. At youth tournaments, I look at the technical ability of the players. Whether the team wins or loses - I don’t care.
You like more the people that you work with, you believe more in them, you share some fantastic moments and that habit of winning, winning, winning... after you win, you don't want to stop winning.
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.
Winning races and winning consistently is going to open opportunities. Guys who have that ability and are consistent in it are the ones you see have success for years and years.
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.
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.
Why do our parents have the ability to make us feel like children even when our hair is graying and we have a mortgage that feels like a Third World debt? (135)
But NESV has always had debt from the first day we purchased the Red Sox. We have some partners who look at Internal Rate of Return (IRR) and almost demand that we have debt as a consequence.
The restructuring theme can be of various kinds. Some amount of debt gets serviced out of cash flows, some gets back-ended and resolved with sale of non-core assets of the company, and some debt gets converted into equity which might today look like a haircut.
Sometimes politics is viewed as a boxing match. So, let's look at movies of last year. You know, you prepare for match like creed. Trump is like "Mad Max: Fury Road." We have never seen anything like this in politics. The kind of race he's going to run. I mean, look, he is winning the nomination. He doesn't prepare for debates. He doesn't run advertising. He gets millions of dollars spent against him, it has no effect, he's not running as sophisticated data driven campaign yet he is winning. As each and every day, you just don't know what you're going to get with this guy.
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