A Quote by Paul Krugman
Debt is one person's liability, but another person's asset.
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We owe Christ to the world--to the least person and to the greatest person, to the richest person and to the poorest person, to the best person and to the worst person. We are in debt to the nations.
It's such a liability to love another person.
Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
I think the beauty of the film industry is that if another person tries to become another person or act like another person or imitate another person, they don't really get too far. When that person starts to realize who they are and what they can bring to the table, they start to blossom and grow. With that, it's not so much me looking towards my predecessors who have paved the way in the industry - it's more getting inspired. I get little bits and pieces of what I can take from any and everybody.
As individual people, embedded in our daily lives, of course we're interested in what makes one person different from another. We've got to hire one person and not another, marry one person and not another.
This is a lesson about life: This is one person. This is another person. This is one person trying to understand another person, even though it doesn't have room to download the other person into it's brain. It cannot understand the other person, even though it tries to. So he ends up overflowing with knowledge.
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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.
She couldn't steal herself back from Randa only to give herself away again - belong to another person, be answerable to another person, build her very being around another person.
Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability.
A person cannot teach another person directly; a person can only facilitate another's learning
A person once asked me, in a provocative manner, if I approved of homosexuality. I replied with another question: 'Tell me: when God looks at a gay person, does he endorse the existence of this person with love, or reject and condemn this person?' We must always consider the person.
What you feel about another person, what you think or say about another person, what you do to another person – you do to you. Give judgment and criticism and you give it to yourself. Give love and appreciation to another person or anything, and you give it to yourself.
I was thinking about the universe wanting to be noticed, and how I had to notice it as best I could. I felt that I owed a debt to the universe that only my attention could repay, and also that I owed a debt to everybody who didn’t get to be a person anymore and everyone who hadn’t gotten to be a person yet.
A married person does not live in isolation. He or she has made a promise, a pledge, a vow, to another person. Until that vow is fulfilled and the promise is kept, the individual is in debt to his marriage partner. That is what he owes. 'You owe it to yourself' is not a valid excuse for breaking a marriage vow but a creed of selfishness.
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