Many people are in the dark when it comes to money, and I'm going to turn on the lights.
Suze OrmanRead
Bad debt is sacrificing your future day needs for your present day desires.
Interpretation
What this quote means
Bad debt prioritizes immediate gratification over long-term financial stability.
This quote by Suze Orman emphasizes the dangers of accumulating debt for the sake of fulfilling present desires, which can lead to long-term financial struggles. It highlights the importance of managing finances wisely to ensure future needs are met without the burden of excessive debt.
Themes
Bad DebtFinancial StabilityFuture NeedsPresent DesiresSacrifice
In practice
Example use cases
During a financial literacy workshop, this quote can be used to stress the importance of budgeting.
More from Suze Orman
All quotes βWe are all powerless as children, and money looms so powerfully... we don't grow up to claim our financial power until we look money directly in the eye, face our fears, and claim that power back.
Suze OrmanRead
Owning a home is a keystone of wealth - both financial affluence and emotional security.
Suze OrmanRead
Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won't settle for less than I deserve. I will do whatever it takes to create that for myself.
Suze OrmanRead
So many financial dreams are thwarted by the failure to act upon good intentions.
Suze OrmanRead
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
Suze OrmanRead
Similar quotes
Not yet have I found any better method to prosper during the future financial chaos, which is likely to last many years, than to keep your net worth in shares of those corporations that have proven to have the widest profit margins and the most rapidly increasing profits. Earning power is likely to continue to be valuable, especially if diversified among many nations.
John TempletonRead
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
Warren BuffettRead
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
Alan GreenspanRead
When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.
Ron ChernowRead
A mortgage casts a shadow on the sunniest field.
Robert Green IngersollRead
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
Charlie MungerRead