Posts Tagged ‘mortgage’

Next Page »

Sunday Adelaja: Salary A Mortgage

Posted by admin on Monday, October 16, 2023

Sunday Adelaja said: to work for a salary from an employer is the same as mortgaging your life to them.

 
To work for salary is to mortgage your life Quote
 

“To work for salary is to mortgage your life” — Sunday Adelaja

 

Share </> Quote Image

Share the Sunday Adelaja Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

This quote from Sunday Adelaja suggests that working solely for a fixed wage or salary paid by an employer amounts to essentially “mortgaging” or leveraging one’s life and time. Some key points in interpreting his perspective:

  • Adelaja portrays being reliant on a salary as trading away personal freedom and autonomy over how one’s hours are spent for the security of regular pay.
  • He implies this sacrifices independence and leaves one beholden to others’ demands in order to earn a living.
  • However, salaried work also provides stability for many and is a necessity regardless of philosophical views on independence.
  • Reasonable people can disagree on these complex issues, as both employment and entrepreneurship each have pros and cons depending on individual circumstances.

Overall, while reflecting Adelaja’s viewpoint promoting self-employment, a balanced interpretation acknowledges both his perspective and that reasonable observers recognize the value in a diversity of valid work arrangements according to personal situations and stage of life. The quote captures one stance in ongoing debates around optimizing career fulfillment and work-life balance in modern economies.

Dave Ramsey: Debt is Dumb

Posted by admin on Friday, July 28, 2023

Meaning of Dave Ramsey Money Quote: saying getting into debt is dumb and not being indebted has earned a new cache with those keeping up with the jones’s. Dave Ramsey said:

 
Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice Quote
 

“Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice” — Dave Ramsey

 

Share </> Quote Image

Share the Dave Ramsey Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

The best interpretation of this Dave Ramsey quote is that he believes debt should be avoided, having cash savings is most important, and being debt-free, especially paying off a home mortgage, has become a new symbol of financial success and status. By calling debt “dumb” and referring to cash as “king,” Ramsey emphasizes the value of avoiding debt and having money in hand.

Additionally, by saying a paid-off home has replaced luxury cars as a status symbol, he suggests that financial independence through being debt-free, particularly paying off a large loan like a mortgage, is now seen as a greater achievement than displays of wealth through possessions.

Overall, Ramsey appears to be promoting a philosophy where being out of debt through saving cash is the wisest path and brings greater prestige than living on credit.

 


 

Dave Ramsey: Debt So Ingrained

Posted by admin on Thursday, June 15, 2023

Meaning of Dave Ramsey Money Quote: saying the concept of debt for major purchases is ingrained in the psyche of Americans, we finance most of them. Dave Ramsey said:
 
debt payment, a house a mortgage, a student loan, and credit card Quote
 

“Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card” — Dave Ramsey

 

Share </> Quote Image

Share the Dave Ramsey Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

The best interpretation of this Dave Ramsey quote is that he believes debt has become such an entrenched part of American culture and society that most people can no longer conceive of major purchases or activities without taking on some form of debt.

By stating that Americans can’t envision things like owning a car without ongoing payments, owning a home without a mortgage, getting an education without student loans, or participating in the economy without a credit card, Ramsey is suggesting debt has become the default or expected means of obtaining or accessing these important things.

His quote implies debt has permeated cultural norms around consumption, assets, and participation in the financial system to such a degree that many find it hard to picture alternatives that don’t involve long-term debt obligations.

Dave Ramsey: Payment Mortgage Loan

Posted by admin on Monday, January 15, 2018

Dave Ramsey Money Quote saying we are so inured to debt that we can only imagine ongoing payments for everything we possess, purchased with credit. Dave Ramsey said:
 
Americans cannot envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card Quote
 

Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card” — Dave Ramsey

 

Share </> Quote Image

Share the Dave Ramsey Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Dave Ramsey is highlighting how normalized and accepted debt has become in modern American culture and society. He’s pointing out that many people cannot conceive of major purchases like a car, home, or education without financing them through long-term debt payments.

His implication is that this level of reliance on debt for routine or necessary expenses is problematic and prevents people from truly owning assets outright.

The quote suggests Dave Ramsey believes Americans should rethink their relationship with debt and the assumption that taking on loans is just an inevitable part of adulthood and consumerism.

Elizabeth Warren: Foreclosing on Families

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying that Steven Mnuchin is a bank fox guarding the banker henhouse he raided and got richer with. Elizabeth Warren said:
 
[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families Quote
 

“[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families” — Elizabeth Warren

 

Share </> Quote Image

Share the Elizabeth Warren Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:

  • She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
  • Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
  • By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
  • Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.

Joe Biden: Politics Damn Expensive

Posted by admin on Monday, November 2, 2015

Joe Biden Politics Money Quotation saying in 1974 he was worried about the cost of elections for candidates without public campaign funding. Joe Biden said:
 
Politics is a damn expensive business. I had one hell of a time trying to raise money as a candidate. I had to put a second mortgage on our house to get that campaign started, and I ended up spending over $300,000 to get elected Quote
 

“Politics is a damn expensive business. I had one hell of a time trying to raise money as a candidate. I had to put a second mortgage on our house to get that campaign started, and I ended up spending over $300,000 to get elected” — Joe Biden

 

Share </> Quote Image

Share the Joe Biden Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Joe Biden is reflecting on the high costs associated with running for political office. He notes that politics requires a significant amount of money, sharing that he had to take out a second mortgage on his house in order to help fund his initial campaign.

Biden also states that he ultimately spent over $300,000 of his own money to get elected. Through this quote, Biden is emphasizing just how expensive participating in the political process as a candidate can be, having to spend large personal sums and take on debt to mount a competitive campaign.

He appears to be acknowledging the financial challenges and sacrifices involved in seeking and holding public office.

Peter Akinola: Mortgage Pulpit

Posted by admin on Monday, June 9, 2014

Peter Akinola Money Quotation saying the African Anglican Church would refuse money from western Anglicans that allow gay clergy. Peter Akinola said:
 
We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation Quote
 

“We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation” — Peter Akinola

 

Share </> Quote Image

Share the Peter Akinola Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Nigerian Anglican archbishop Peter Akinola seems to be strongly asserting the importance of principles and faith over financial gain.

By stating he will not “mortgage” or compromise his “conscience”, “faith” or “salvation” for the sake of “money”, Akinola is implying these spiritual and moral values should never be sacrificed or risked solely in pursuit of wealth or material rewards.

The quote conveys Akinola’s perspective that monetary ambition must always be subordinate to integrity, religious convictions and righteousness. He appears to believe prioritizing money over core beliefs for the sake of profit would constitute an unacceptable bargain that endangers one’s very soul or salvation.

Akinola’s statement conveys his view that matters of faith and character must remain firmly uncompromised regardless of any financial costs.

Doug Larson: Outliving Home Mortgages

Posted by admin on Thursday, April 21, 2011

Funny Money Quotes: seems odd that we would choose to prolong our pain by spreading our home payments across our useful life – or that we’d extend our years to meet a payment schedule. Doug Larson said:
 
People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage Quote
 

“People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage” — Doug Larson

 

Share </> Quote Image

Share the Doug Larson Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

Doug Larson seems to be making a humorous observation about the relationship between modern living arrangements and longevity. The quote suggests that longer lifespans seen in recent decades (“people are living longer than ever before”) may in part be attributed to the rise of long-term housing loans like 30-year mortgages.

Larson implies that stretching out home loan repayments over such an extended period effectively creates the need for borrowers to remain alive and working in order to pay off the full amount owed.

So in this tongue-in-cheek way, the quote humorously acknowledges how financial obligations can become a motivating factor for people to live longer.

Next Page »
Money Quotes Daily

Money Quotes Daily