Tuesday, May 22, 2012

Debt Quote Tuesday

That millions of people share the same forms of mental pathology does not make these people sane.
Erich Fromm
Why do we all borrow? Why are we all in debt? Why is credit so much apart of our lives?

DEBT IS BAD!!! (even if every one's doing it) BAD, BAD, not good, BAD!

Let's all be happy with what we've got. ok.


  1. What do you think about mortgages? I'd love to buy a house outright one day, but it seems like throwing money away to pay rent whilst saving up!

    1. I think mortgages make sense. You're really just living in a home owned by a bank (exactly the same as paying rent) but after a certain amount of time the home becomes yours and you no longer have to pay the bank. It's VERY different than unsecured debt/ credit card debt.

  2. YES! I needed this reminder today. I've been slipping lately. Loved your last post by the way. Thanks for always making me reflect.