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What Debt Is

Your height is a permanent condition.  So is the color of your eyes.  Your debt is not.  It’s a situation.  Situations are temporary.  A cold is a situation.  You didn’t always have it; you won’t have it forever.  Debt is nothing more than that.

— Jerrold Mundis, How to Get Out of Debt, Stay Out of Debt, and Live Prosperously



This entry was posted on Monday, January 14th, 2008 at 12:08 am.
It is filed under Debt, Jerrold Mundis.
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One Response to “What Debt Is”

  1. February 13th, 2008 || 8:38 am

    Jo writes:

    This reminds me of something someone once said about sizes. She said, “You are not a size 14 (or whatever). You WEAR a size 14. What you ARE is a woman, a human being, a person…”

    I would say you ARE NOT a debtor. Perhaps you have debting issues, but true, it’s only situational. I love it.



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