I tell everyone never to take more than a fifteen-year fixed-rate loan, and never have a payment of over 25 percent of your take-home pay. That is the most you should ever borrow.
--
Dave Ramsey
Related quotes (
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What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
Not everything that can be counted counts, and not everything that counts can be counted.
The most powerful force in the universe is compound interest.
Acquaintance, n.: A person whom we know well enough to borrow from, but not well enough to lend to.
Experiences are infinitely more memorable than stuff.
I say to you never involve yourself in debt, and become no man's surety.
Live within your means, never be in debt, and by husbanding your money you can always lay it out well.
When you get in debt you become a slave.
The real measure of your wealth is how much you'd be worth if you lost all your money.
Wealth is like sea water; the more we drink, the thirstier we become; and the same is true of fame.
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