Michael Mihalik

We all think we’re going to get out of debt.

Debt certainly isn’t always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.

Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.

Some people use one half their ingenuity to get into debt, and the other half to avoid paying it.

A man in debt is so far a slave.

People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage.

Many delight more in giving of presents than in paying their debts.

Debts and lies are generally mixed together.

If there is anyone to whom I owe money, I’m prepared to forget it if they are.

Live within your means, never be in debt, and by husbanding your money you can always lay it out well.

A church debt is the devil’s salary.

A creditor is worse than a slave-owner; for the master owns only your person, but a creditor owns your dignity, and can command it.

One of the greatest disservices you can do a man is to lend him money that he can’t pay back.

Owing money has never concerned me so long as I know where it could be repaid.

Debt is beautiful only after it is repaid.