Surviving the Buy Now, Pay Never Society

By Young Kim

I wrote this free ebook to warn people that our current way of living beyond our means is not sustainable. Our governments and citizens have gone to great lengths to create debt levels which cannot continue to rise forever. During the first part of the book I wrote about how we are in a massive financial bubble which spreads across all asset classes, and then in the next part of the book I outlined how each of us can greatly dial down our expenses, pay down our debts, and prepare for the financial storm which awaits. This debt monster has now become like a great Ponzi scheme, and it threatens the very existence of our society and culture. We have debts (e.g. entitlements) which are mandated by law to grow at double digits while our GDP cannot grow more than the low single digits. This is a catastrophic scenario. We cannot grow fast enough to service the ballooning debts. Each of us must have courage and self control to put our financial houses in order before the next enormous financial crisis comes.

• Language: English
• Publisher: Lulu.com
• Release date: Nov 10, 2017
• ISBN: 9781387359660

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Surviving the Buy Now, Pay Never Society

Surviving The Buy Now, Pay Never Society:

by Young Kim

Dedicated to all my friends and  family who allowed me to write this book.  And all the readers of my blog who hopefully will take some of my advice.

Quotes About Our Crazy National Debt

(I love quotes and wish to share many I found on the Internet with you first before I begin my book.  The quotes are witty and represent what is in my mind during my writing.)

I go on the principle that a public debt is a public curse. -- James Madison  (this quote was said by one of our founding fathers over 200 years ago.  Now, if he were alive, he would faint at the sight of our national debt which is over $20 TRILLION dollars, and doubling every 8 years.)

You cannot spend your way out of recession or borrow your way out of debt --  Daniel Hannan

President Obama has almost doubled our national debt to more than $19 trillion, and growing.  And yet, what do we have to show for it?  Our roads and bridges are falling apart, our airports are in 3rd world conditions, and 43 million Americans are on food stamps.  -- Donald Trump (as he is getting ready to double the national debt to $40 trillion I predict)

Obviously, there has to be a profound change in direction.  Otherwise, interest on the national debt will start eating up virtually every penny that we have.  --  Bobby Scott

I would vote against raising the national debt ceiling.  Again, this is about mortgaging the future of unborn generations of Americans.  It's a form of taxation without representation.  I don't think we can do that. -- Mike Lee

Ultimately, we can't just keep doubling our national debt every eight years.  We have got to get that under control and not spend more than we bring in. -- Ron Estes

General Quotes Regarding Debt

Debt is a prolific mother of folly and of crime. --  Benjamin Disraeli

It is thrifty and wise to prepare today for the wants of tomorrow. --  Aesop

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.  --  Ogden Nash

Good times are when people make debts to pay in bad times --  Robert Quinlin

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?  --  Adam Smith

It is the debtor that is ruined by hard times. --  Rutherford B. Hayes

The man who never has money to pay his debts has too much of something else.  --  James Lendell Basford

The only man who sticks closer to you in adversity than a friend is a creditor.  -- Unknown

Before borrowing money from a friend, decide which you need most.  --  Old American Proverb

In God we trust; all others must pay cash. --  American Proverb

Christmas is the season when you buy this year's gifts with next year's money.  --  Unknown

A hundred wagon loads of good thoughts will not pay a single ounce of debt.  --  Italian Proverb

The borrower is servant to the lender.  --  The Bible

Rather go to bed supperless, than rise in debt. -- Ben Franklin

When you go into debt you become a slave. --  Andrew Jackson

The second vice is lying, the first is running in debt -- Benjamin Franklin

Never spend money before you have it.  --  Thomas Jefferson

Lying rides upon debt's back. --  Benjamin Franklin

Creditor's have better memories than debtors -- Benjamin Franklin

If you think nobody cares if you are alive, try missing a couple of car payments. -- Earl Wilson

When a man is in love or in debt, someone else has the advantage. -- Bill Balance

Debt, n.  An ingenious substitute for the chain and whip of the slavedriver.  -- Ambrose Bierce

Today, there are three kinds of people:  the have's, the have not's, and the have-not-paid-for-what-they-have's  -- Earl Wilson

Forgetfulness.  A gift of God bestowed upon debtors in compensation for their destitution of conscience.  --  Ambrose Bierce

Some people use one half of their ingenuity to get into debt, and the other half to avoid paying it.  --  George Prentice

Debts are like children begot with pleasure, but raised forth in pain --  Moliere

Neither a borrower or lender be; for loan doth often lose both itself and friend.  --  William Shakesphere

Debts and lies are generally mixed together.  --  Francois Rabelais

He looks the whole world in the face for he owes not any man.  --  Henry Wadworth Longfellow

Who goeth a borrowing.  Goeth a sorrowing. -- Thomas Tusser

Debt is the worst poverty --  Thomas Fuller

Do not accustom yourself to consider debt only as an inconvenience, because you will soon find it a calamity --  Samuel Johnson

Quotes On Simplicity (which is related to my writing about how to address your finances.  A ton of them are said and written by one of my favorite authors, Henry David Thoreau, who lived a purposeful simple life of abundance.)

If a man could have half of what he wanted, he would double his problems. -- Henry David Thoreau

Our life is frittered away by detail... simplify, simplify, simplify.  --  Henry David Thoreau

Every day was to make my life of equal simplicity, and I may say innocence, with Nature herself -- Henry David Thoreau

As you simplify your life, the laws of the universe will be simpler; solitude will not be solitude, poverty will not be poverty, nor weakness weakness.  -- Henry David Thoreau

Wealth is the ability to fully experience life. -- Henry David Thoreau

Most of the luxuries and many of the so-called comforts of life are not only not indispensable, but positive hindrances to the elevation of mankind.  --  Henry David Thoreau

Money is not required to buy even one single necessity of the soul --  Henry David Thoreau

Let your capital be simplicity and contentment --  Henry David Thoreau

Simplicity, simplicity, simplicity!  I say let your affairs be as two or three, and not a hundred or a thousand; instead of a million count half a dozen, and keep your accounts on your thumb nail.  -- Henry David Thoreau

Do not trouble yourself much to get new things, whether clothes or friends...  Sell your clothes and keep your thoughts.  -- Henry David Thoreau

We are wealthy in proportion to the things we can do without. -- Henry David Thoreau

Simplicity is the law of nature for men as well as for flowers  -- Henry David Thoreau

The rule is to carry as little as possible -- Henry David Thoreau

My themes will not be far-fetched.  I will tell of homely every-day phenomena and adventures. -- Henry David Thoreau

Distrust any enterprise that requires new clothes.  --  Henry David Thoreau

In the midst of this chopping sea of civilized life, such are the clouds and storms and quicksands and thousand-and-one items to be allowed for, that a man desires to live, if he would not founder and go to the bottom and not make his port at all, by dead reckoning, and he must be a great calculator indeed who succeeds.  Therefore instead simplify, simplify. --  Henry David Thoreau

Simplicity is the peak of civilization --  Henry David Thoreau

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