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150+ Motivational Quotes for Debt Free Living

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The debt-free living can be challenging for many people as it requires constant self-motivation to pay off debt. To inspire you read these 150+ motivational quotes that will inspire you to continue your journey to be financially independent.

Inspirational quotes block with computer background

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Who wants to be a slave to anyone in this world?

No one.


Except maybe rich people, who use debt for growing richer and ask for a handoff from the government for debt forgiveness.

But that’s a topic for another day.

In today’s world of instant gratification and one-click purchases, it can get hard to focus on saying “NO” to debt.

Thomas Jefferson once said- “I sincerely believe that banking establishments are more dangerous than standing armies and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

He was speaking the truth!

Credit cards gave us all a “temporary” freedom to get what we want, whenever we want.

But in reality, if you do not pay off the debt accumulated over a long period of time, it can be hard to enjoy “real” freedom.

That is why banks often encourage poor people to take a new debt to pay off an old debt.

Never do that.

Instead, motivate and affirm that you will no longer carry the burden of debt.

Affirm that you will gain control over your spending by saving money and paying debt consistently.

Get debt free inspiration from these motivational quotes and sayings will help you to get stay on your journey.

Debt Free Quote- Small Deeds in the sunset background

150+ Motivational Quotes for Debt Free Living

“Never spend money before you have earned it.” -Thomas Jefferson

“All that you are seeking is also seeking you.”- Franz Kafka

“Comparison is the thief of joy.” – Theodore Roosevelt

“Rich people plan for three generations. Poor people plan for Saturday night.” – Gloria Steinem

“Beware of little expenses; a small leak will sink a great ship.” – Benjamin Franklin

“The only way to permanently eliminate financial stress is to get out of debt.” – Dave Ramsey

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

Inspirational Quotes About Debt Payoff

“Debt is like any other trap, easy enough to get into, but hard enough to get out of.” – Henry Wheeler Shaw

“The only limit to your impact is your imagination and commitment.” – Tony Robbins

Inspirational money quote- with the river and duck background

“Debt is not a tool; it is a burden.” – Suze Orman

“Living debt-free allows you to focus on what truly matters in life.” – Unknown

“Debt is a temporary solution to a permanent problem.” – Unknown

“Living debt-free is the best investment you can make in yourself.” – Unknown

“Debt is like a ball and chain, holding you back from living your best life.” – Unknown

“It always seems impossible until it’s done.” Nelson Mandela

Fun and Inspirational Quotes about Debt Payoff

Please note that these quotes are for entertainment purposes and not meant to offend anyone.

“Don’t let your mouth write a check that your ass can’t cash, son.”- Charles Portis

“Living a life of debt is the ultimate test of your ability to juggle financial burdens.” – Unknown

“The only disability in life is a bad attitude.” – Scott Hamilton

“Living a life of debt is like running a marathon with cement shoes.” – Unknown

“Debt: the perfect excuse to postpone dreams and embrace stress.” – Unknown

“Debt: the ultimate fashion accessory, worn by everyone who wants to fit in.” – Unknown

“Living in debt is like being the star of your very own financial horror movie.” – Unknown

“Debt: the gift that keeps on taking.” – Unknown

“Debt is the perfect recipe for sleepless nights, stress-filled days, and regret-flavored meals.” – Unknown

Money Quotes in the orange background

“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale

“Debt is just another way of saying, ‘I’m really good at spending money I don’t have.'” – Unknown

“Living a life of debt is like trying to fill a bucket with a hole in the bottom.” – Unknown

“Debt: the official currency of the ‘buy now, regret later’ club.” – Unknown

“A fool and his money are easily parted.” – Thomas Tusser

“Debt is like a comfortable bed: easy to get into but hard to get out of.” – Unknown

“Debt: the art of buying things you don’t need with money you don’t have to impress people you don’t like.” – Unknown

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand

“Borrowing money when you’re already rich is like ordering a second dessert when you haven’t finished your first.” – Unknown

“Living a life of debt is the epitome of financial genius… if your goal is bankruptcy.” – Unknown

“Borrowing money as a rich person is like using a diamond-studded shovel to dig a hole in your backyard.” – Unknown

“Rich people borrowing money is like a Ferrari asking for a push start.” – Unknown

Quotes about Credit Card Debt

Credit card debt is one of the main reasons people get into bad debt. They are a great way to fill the temporary gap between your income and urgent expenses. But pay them off before their due dates to avoid a debt problem.

“Credit cards are like chainsaws. They’re powerful tools, but if you’re not careful, they can cut you.” – Jean Chatzky

Inspirational quote about mistake and lessons in the dark background

“A credit card in the wrong hands is like giving a monkey a loaded gun.” – Dave Ramsey

“Using a credit card wisely is an art. Master it, and you’ll master your finances.” – Unknown

” Money is of no value. It can not spend itself. All depends on the skill of the spender”- Ralph Waldo Emerson

“Credit cards are a tool. Don’t let them be the hammer that destroys your financial future.” – Unknown

“The more you swipe, the more you owe. The less you swipe, the more you grow.” – Unknown

“Credit cards should be a convenience, not a crutch.” – Unknown

“Be the boss of your credit cards, not the other way around.” – Unknown

“Credit cards are a magnifying glass for your financial habits. Make sure they reveal good ones.” – Unknown

“A credit card is a great servant but a terrible master.” – Unknown

“Credit cards: unlocking dreams or creating nightmares? It’s your choice.” – Unknown

“Living in debt is the modern-day version of ‘YOLO’… except you only live once and owe forever.” – Unknown

“Credit cards are like fire. Handle them carefully, and they can warm your life. Mishandle them, and they can burn it down.” – Unknown

“Credit cards can be your best friend or your worst enemy. It’s up to you to decide.” – Unknown

Debt Free Life Quotes

“The most important investment you can make is in yourself.” – Warren Buffett

“Living debt-free means living with financial peace of mind.” – Unknown

“For to be free is not merely to cast off one’s chains, but to live in a way that respects and enhances the freedom of others.” – Nelson Mandela

“Living debt-free is living a life of freedom and peace.” – Unknown

“The only way to deal with life’s challenges is to have the freedom to change the way you think about them.” – Anonymous

“Living debt-free means living on your own terms.” – Unknown

Inspirational Debt Free Quote with the bridge and river in the background

“Freedom is not the absence of commitments, but the ability to choose yours.” – Paulo Coelho

“The first step in getting out of debt is deciding you want to be free.” – Unknown

“The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success ‘permanently’ is to reset your financial thermostat.” – T. Harv Eker

Being Free Quotes

“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.” – Henrik Ibsen

“Money, says the proverb, makes money. When you have got a little, it is often easy to get more.” Charles Dickens

“Freedom is not worth having if it does not include the freedom to make mistakes.” – Mahatma Gandhi

“In the truest sense, freedom cannot be bestowed; it must be achieved.” – Franklin D. Roosevelt

“Freedom is not doing what you want to do but doing what you ought to do.” – Eric Metaxas

“The greatest wealth is financial freedom.” – Unknown

“Freedom is the oxygen of the soul.” – Moshe Dayan

“When I was young I thought that money was the most important thing in life. Now that I am old, I know that it is.– Oscar Wilde

Debt Free Quotes to Keep You Inspired

Inspiring quote about hardwork

“The only way to do great work is to love what you do.” – Steve Jobs

“The starting point of all achievement is desire.” – Napoleon Hill

“The greatest glory in living lies not in never falling, but in rising every time we fall.” – Nelson Mandela

“Do what you have to until you can do what you want to.”- Oprah

“Debt-free is the new rich.” – Unknown

“You never fail until you stop trying.” – Albert Einstein

“Debt is a thief that steals your dreams.” – Unknown

“Don’t tell me where your priorities are. Show me where you spend your money, and I’ll tell you what they are.” – James W. Frick

“Knowing is not enough; we must apply. Wishing is not enough; we must do.” – Johann Wolfgang Von Goethe

“The man who never has money enough to pay his debts has too much of something else.”
– James Lendall Basford

Quote about Debt Pay off in light blue background

“It’s not what you make however what you save that will get you out of debt.” – Suzanne Woods Fisher

“We cannot become what we want by remaining what we are.” – Max Depree

“Debt is like any other trap, easy enough to get into, but hard enough to get out of.”- Josh Billings

“If you are too lazy to plow, do not expect a harvest.” – Proverbs 20:4

“His brow is wet with honest sweat; he earns whate’er he can, And looks the whole world in the face, For he owes not any man.” – Henry Wadsworth Longfellow

“Failure will never overtake me if my determination to succeed is strong enough.” – Og Mandino

“Our freedom can be measured by the number of things we can walk away from.”- Vernon Howard

“Debt basically enables people to live a lie.”– Rachel Cruze

“If you have debt I’m willing to bet that general clutter is a problem for you too,” – Suze Orman

“A goal without a plan is just a wish.” – Antoine de Saint-Exupéry

“If you’re thinking of debt, that’s what you’re going to attract.”- Bob Proctor

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

Quotes about Debtors

“The borrower is a slave to the lender.” – Proverbs 22:7

“Creditors have better memories than debtors.” – Benjamin Franklin

“Wars in old times were made to get slaves. The modern implement of imposing slavery is debt.”
– Ezra Pound

Quotes about Changing Yourself for better

“A creditor is worse than a slave-owner; for the master owns only your person, but a creditor owns your dignity and can command it.” – Victor Hugo

“A debtor to whom nothing is owing, ventures to become a creditor.” – Johann Wolfgang von Goethe

“A good payer is master of another’s purse.” – George Herbert

“A debtor’s actions are governed by his creditor.” – Unknown

“Nowadays people can be divided into three classes – the haves, the have-nots, and the have-not-paid-for-what-they-haves.” – Earl Wilson

“A debtor’s money is a miracle worker.” – Unknown

“Debt is one person’s liability, but another person’s asset.” – Paul Krugman

“A creditor is known in the market.” – Spanish Proverb

“A debtor’s joy is temporary.” – Unknown

“A debtor who sees the light at the end of the tunnel still doesn’t have the money to pay the bill.” – Unknown

“Debt is the slavery of the free.” – Publilius Syrus

“A debtor’s wealth is others’ poverty.” – Unknown

“Debt is the worst kind of poverty.” – Thomas Fuller

“Debt is the secret foe of thrift.” – George S. Clason

“A debtor lives in a prison of his own making.” – Unknown

“A debt problem is, at its core, a budgeting problem.” – Natalie Pace

“The debtor is always a slave.” – Unknown

“A debtor’s bed is made in haste.” – Unknown

“The cost of a thing is the amount of life which is required to be exchanged for it.”-Henry David Thoreau

“Debt makes everything taste bitter.” – Unknown

“A debtor’s burden is always heavy.” – Unknown

Motivational Quotes While Paying Off Debt

“Success is not in what you have, but who you are.” – Bo Bennett

“It’s always too early to quit.” – Norman Vincent Peale

“The most courageous act is still to think for yourself. Aloud.” – Coco Chanel

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Albert Schweitzer

Inspirational Quote about standing up after failing with the buildings in the background

“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.” – Earl Nightingale

“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” – Thomas Edison

If you fall behind, run faster. Never give up, never surrender, and rise up against the odds.” -Jesse Jackson

“Survival can be summed up in three words―never give up. That’s the heart of it really. Just keep trying.” – Bear Grylls

“It’s not about how much money you make, but how much money you keep.” – Robert Kiyosaki

“Successful men and women keep moving. They make mistakes, but they don’t quit.” – Conrad Hilton

Bible Quotes about Money

Positive Money Quotes about Debt Payoff

“Debt is a reflection of past decisions, living debt-free is a testament to future choices.” – Unknown

“The pain of discipline is nothing compared to the pain of regret.” – Unknown

“A life without debt is a life of true abundance.” – Unknown

“Debt-free living is a journey towards financial independence.” – Unknown

“The journey of a thousand miles begins with a single step.” – Lao Tzu

“Living debt-free is an act of self-love and self-care.” – Unknown

“Debt-free living opens the door to endless possibilities.” – Unknown

“You don’t have to see the whole staircase, just take the first step.” – Martin Luther King Jr.

“Debt-free is the ultimate financial freedom.” – Unknown

“Every dollar you save is two dollars you don’t have to earn.” – Unknown

“One of the greatest disservices you can do a man is to lend him money that he can’t pay back.”
– Jesse H Jones

 “A man is rich in proportion to the number of things he can afford to let alone.”- Henry David Thoreau

Quotes on Persistence Paying Off

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack in will.” – Vince Lombardi

“First, think. Second, believe. Third, dream. And finally, dare.”- Walt Disney

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Albert Schweitzer

“Success is stumbling from failure to failure with no loss of enthusiasm.” – Winston Churchill

“The road to success is dotted with many tempting parking spaces.” – Will Rogers

“The speed of your success is limited only by your dedication and what you’re willing to sacrifice.” – Nathan W. Morris

Inspirational Money Quote- abut building reputation with action

“The secret to getting ahead is getting started.” – Mark Twain

“The only limit to our realization of tomorrow will be our doubts of today.” – Franklin D. Roosevelt

“Success is not final, failure is not fatal: It is the courage to continue that count.” – Winston Churchill

“I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison

“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.” – Vince Lombardi

“You must gain control over your money or the lack of it will forever control you.” – Dave Ramsey

“Success is not the absence of failure; it’s the persistence through failure.” – Aisha Tyler

“Don’t watch the clock; do what it does. Keep going.” – Sam Levenson

“Success is the sum of small efforts, repeated day in and day out.” – Robert Collier

“Perseverance is not a long race; it is many short races one after the other.” – Walter Elliot

“Success is not a result of spontaneous combustion. You must set yourself on fire.” – Arnold H. Glasow

“Patience, persistence, and perspiration make an unbeatable combination for success.” – Napoleon Hill

Money Freedom Quote- Don't fight the problem with the tall building in the background

“Success is the result of perfection, hard work, learning from failure, loyalty, and persistence.” – Colin Powell

“Survival can be summed up in three words―never give up. That’s the heart of it really. Just keep trying.” – Bear Grylls

“You do what you can for as long as you can, and when you finally can’t, you do the next best thing. You back up but you don’t give up.” – Chuck Yeager

“Success is not about how fast you run or how high you climb but how well you bounce.” – Vivian Komori

These debt freedom quotes and sayings highlight the importance of persistence and determination in achieving success. They serve as reminders that setbacks and failures are a part of the journey and that it is through unwavering perseverance that one can overcome obstacles and reach their goals.

Recently we paid off the last bit of debt and retired from a job. Since then we get asked this question often.

Which of the debt-free quotes is your favorite?

But this quote below just hits something hard in my soul. And that is why it is my most favorite quote.

“The debtor is a slave to the lender.” – Proverb

What are the Benefits of Debt-free Quotes?

Reading debt-free quotes every day can provide several benefits in living a content and simple life.

There are numerous studies on financial well-being and happiness consistently show the benefits of living a simple and debt-free life.

Scott Sobel, founder of Media & Communications Strategies, Inc. in Washington, D.C. says- “Leaders and their words–inspirational quotes–affect us on a primal level.”

These studies emphasize the positive impact of financial security, reduced stress, and contentment on overall happiness and life satisfaction.

1. Quotes about debt are simple affirmations to keep you inspired

Motivation- Reading debt-free quotes daily can serve as a source of motivation and inspiration. It reinforces the idea that living a simple and debt-free life is attainable and desirable.

This constant reminder can help individuals stay focused on their financial goals and make wise choices.

2. Debt free quotes remind us that becoming debt free is possible

Psychological Well-being: Research suggests that financial stress and debt can significantly impact mental health and overall well-being.

By reading debt-free quotes, individuals can shift their mindset, reduce financial anxiety, and experience a sense of relief and peace of mind.

Motivational Quote and Saying about Debt Payoff- Journey of Thousand Miles

3. Debt free quotes increase our Financial Awareness

Regularly exposing oneself to debt-free quotes can enhance financial awareness and knowledge.

It can remind individuals of the importance of budgeting, saving, and managing money wisely.

This increased awareness can empower individuals to make informed financial decisions and avoid unnecessary debt.

4. Debt Free quotes reinforce better financial habits

It can encourage individuals to prioritize saving, reduce spending, and avoid impulse purchases.

Over time, these habits contribute to a simpler and more financially stable lifestyle.

5. Simple Money Freedom Quotes gives us a new perspective

Debt-free quotes often highlight the value of simplicity, contentment, and gratitude for what one has.

By reflecting on these quotes, individuals can shift their focus from material possessions to experiences and relationships, fostering a greater sense of contentment and gratitude in their lives.

How to use Debt Free Quotes?

Debt freedom quotes and sayings are useful when you use them effectively.

One common way I suggest to use them is to put them in front of you like a Wall Art.

When we started out debt free journey back in 2014, we made a freedom vision board and placed it in our home office.

Money Freedom Vision board showing money, home, fun and other quotes

It was a constant reminder to us that we wanted to pay off our home loan and have in the process.

You can see it had some images, some inspirational quotes and cute stickers.

Related Article: How to effectievly use Vision Boards to help you achieve Financial Freedom

One other way you can use debt free quotes is to make an inspiration wall and put the quotes like this.

Inspirational money quotes in the colorful backgrounds.

Surrounding yourself with these inspiring quotes will serve as a daily reminder of your goals and the motivation to stay on track on your debt repayment journey.

You can find more inspirational posters in my shop as well.

Final Thoughts on Debt Free Quotes

Reading debt-free quotes daily can provide motivation, increase financial awareness, reinforce positive habits, and foster a sense of contentment and simplicity. By aligning one’s mindset with these principles, individuals can strive for financial well-being and experience greater happiness in their lives.

Remember, debt free quotes are powerful tools for inspiration, but it’s crucial to combine them with actionable steps and a solid budgeting plan. Use these quotes as a source of motivation, but also take concrete actions such as creating a budget, tracking your expenses, and seeking financial guidance to help you get out of debt and improve your financial situation.

Related Article- 40 Money-saving habits for Financial Freedom

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Money Freedom Quotes to gte out of debt

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