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Slight was the thing i bought, small was the debt i thought, poor was the loan at best - god! but the interest!
-Paul Laurence Dunbar
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Slight Was The Thing I Bought, Small

Paul Laurence Dunbar
Slight was the thing i bought, small was the debt i thought, poor was the loan at best - god! but the interest!
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Debt Poor Best God

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When you live in a poor neighborhood, you are living in an area where you have poor schools. when you have poor schools, you have poor teachers. when you have poor teachers, you get a poor education. when you get a poor education, you can only work in a poor-paying job. and that poor-paying job enables you to live again in a poor neighborhood. so, it's a very vicious cycle.
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The most important loan to pay is your student loan. it's more important than your mortgage, car and credit card payments. you cannot discharge student loan debt in the majority of cases.
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If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? what are you going to do if they raise your interest rates to 32 percent? that's five times higher than what your kid is going to pay in interest on a student loan. get rid of your credit card debt.
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Learn how to prioritize all your debt. and did you know student loan debt is the most dangerous debt any of us can have?
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This debt crisis coming to our country. the wall and tidal wave of debt that is befalling our nation. medicare and social security go bankrupt within ten years, we have a debt that is looming so high that in the last year of president obama's budget just the interest payments on our debt is $916 billion dollars.
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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.
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My parents believed in education and economic security, and i thank them for it. because i think that's part of what's made my life stable. it was instilled in me. you have to be able to pay your bills. you do not get into debt. and i never have been.
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Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. you owe a debt, and not just to your gods. you owe a debt to the unlucky.
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Remember that in most cases, student loan debt is not dischargeable in bankruptcy. so you continue to pay it off anyway. those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.
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I am not among those who fear the people. they, and not the rich, are our dependence for continued freedom.
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