quotes tagged with 'creditcard'

The final maka-feke I wish to mention today is one which can crush our self-esteem, ruin relationships, and leave us in desperate circumstances. It is the maka-feke of excessive debt. It is a human tendency to want the things which will give us prominence and prestige. We live in a time when borrowing is easy. We can purchase almost anything we could ever want just by using a credit card or obtaining a loan. Extremely popular are home equity loans, where one can borrow an amount of money equal to the equity he has in his home. What we may not realize is that a home equity loan is equivalent to a second mortgage. The day of reckoning will come if we have continually lived beyond our means.
Author: Thomas S. Monson, Source: http://lds.org/ldsorg/v/index.jsp?vgnextoid=2354fccf2b7db010Vg...Saved by mlsscaress in debt consumerism loan mortgage creditcard 12 years ago[save this] [permalink]

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