Thursday, February 19, 2009

Financial Nugget 12

I must admit, I am trying everything I possibly can to avoid blogging about politics because frankly, I did not start this blog to be political or voice my political views. While I have zero interest in chatting about politics, this week's nugget was definitely inspired by recent political events. I'm not sure who said it, where it came from or when it was first said but it's definitely worth repeating ....

You cannot borrow your way out of debt, period.
~author unknown


Sharon Rose said...

Hi there-A sound financial nugget!!

Shtinkykat said...

That's definitely one of my pet peeves, when I hear someone tell me, "Oh, I paid off XXX by refinancing my house." Uggggh!!! I want to scream, "You're just shifting your debt around! You haven't paid off jack!" Okay. Now that you've given me a forum to get that off my chest, I'm calm now. :-P