Quote: Debt Interest

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I got this quote from a post made on Life Training Online
Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels; it takes no pleasure; it is never laid off work nor discharged from employment; it never works on reduced hours. . . .

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you. — J. Reuben Clark
Likewise, the post entitled “The Courage to Live Debt Free – the Principles of Economic Security” is a very good read. In an excerpt: So many of us are living off of borrowed money. We are replacing our future needs for our present wants. With the average consumer debt reaching almost $10,000 per household, it has become an epidemic in the United States.
There are many good sources on the internet and elsewhere for how to get out of debt. Such as performing “plastic surgery” on your credit cards by cutting them up; paying off the higher-interest credit cards first; or getting a second job and using that income only to pay off your debts. This is all good advice, but if we get out of debt what’s to say we won’t jump right back in?

[tags]Debt[/tags]

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