A Quote by Dave Ramsey
Investing is important, but get debt-free first. That's what frees up your income so you can win.
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I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their - their debt from college at a lower rate. Those are the kinds of things that will really boost the economy.
Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.
Well, the most important thing in investing is to know what you're investing in, and if you're confident in the outcome, it's important to stay true to your position.
Obama has some manacles, and that might limit him. However, he's the first American president to raise $600 million for his campaign. That frees him from lobbyists; it frees him from special interests, and it could free him from those who would manipulate him. If he is going to solve the problem, he has to be free enough to solve the problem between the Israelis and the Palestinians.
Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
People get out ahead of themselves in debt with spending on all of their desires. But if you learn to live pretty simply and well, well under your means, you feel incredibly, incredibly rich, and that frees you up and gives you the option to start something new, to leave the job you're not excited about, where there might be a glass ceiling on you.
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.
Knock out a small debt first so you get a quick win. Momentum is key.
The first and most important thing is to remain free, free in each line you undertake, in your ideas and in your political action, in your moral conduct. The artist especially must remain free from all outer restraints.
We talk about long-term patient investing, and that idea that slow and steady does win the race, that time can be your best friend when it comes to investing. That's why we have a turtle as a logo at Ariel.
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
I've found that eliminating not-so-important choices really frees up my mental capacity to think about the important ones.
You're investing in a different part of your life that is really important. It's not as important when you're a kid and you don't require sleep, and you don't get hung over, and you can fire on all cylinders. At 32 I don't consider myself old by any means, but you just find yourself in a place where you can't do everything the way you once did, and you have to take time to reflect and I think that's really important, because you get to appreciate what you have, and to enjoy it.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.
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