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9/24/08
"Closely allied with the trend
toward bigger and bigger government is the tendency toward loose fiscal
policy, both public and private. This concerns us as free men. 'The
borrower is servant to the lender'
(Proverbs 22:7). A nation can hang itself on the gallows of excessive
public debt-and the United States is no exception."
- "The Teachings of Ezra Taft Benson,"
p. 291
9/25/08
"Did you ever see
anybody who went in debt and mortgaged and bonded that which he
possessed, as free, as independent, as happy as the man who paid for
what he had as he went along? We should live according to our means,
and lay a foundation upon which we can build, and upon which our
children can build after us, without paying interest on bonded debts
incurred by us. I am aware that I am not preaching the financial
gospel of the world. I suppose I am laying myself open to the charge
of being called a mossback, non-progressive, and so on. All these
epithets are hurled at the men that dare to tell the people to live
within their means. … Sometimes we are put in a position where it is
necessary to go into debt. When it is necessary, so may it be. … But I
have never yet been convinced that it was essential for the welfare of
the present or future generation that my children should be brought in
bondage by my acts."
- Teachings Of Presidents Of The Church: Joseph F. Smith, p.163
5/5/09
"If
we are to be self-reliant and in a position to share, obviously we
must acquire some resources. If we live within our means and avoid
debt, resources can be accumulated. There are those with average
incomes who, over a lifetime, do amass some means, and there are those
who receive large salaries who do not. What is the difference? It is
simply spending less than they receive, saving along the way, and
taking advantage of the power of compound interest." - Elder
Joe J. Christensen, Greed, Selfishness, and Overindulgence, Ensign
(CR), May 1999, p.9
3/24/12
In addition to
recognizing that nothing is actually yours, one of the blessings that
comes from paying tithing is how you use the other money that you have.
You learn the principles of thrift, and you’re likely to listen to what
the prophets have to say about avoiding unnecessary debt and deciding
what is a want versus a need. The law of tithing is both substantive in
the sense that it is real and you can count it, but it’s also symbolic
in terms of how you feel about other things. - Cecil
O. Samuelson, "My
Grandfather's Testimony of Tithing," New Era, July 2011
3/25/12
As we obey the counsel to avoid and get out of debt now, we use our
agency and obtain the liberty to use our disposable income for helping
and blessing others. - Robert D.
Hales, "Agency: Essential to the Plan of Life," Liahona, November 2010