Money

“If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. And if there is any one thing that is grinding and discouraging and disheartening, it is to have debts and obligations that one cannot meet.”

Heber J. Grant  |  Gospel Standards, Salt Lake City: Improvement Era, 1941, p. 111

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“A zero-sum game is one in which there is a fixed number of resources, and one can only acquire more if someone else receives less. Any benefit won by me can only come at a cost to you…

“Happiness is not a zero-sum game, but our telestial instincts lead us to act and think as if it were. Human psychology seems indelibly conditioned to measure our well-being by comparison with our neighbor. To a disappointing degree, we assess our own happiness by measuring our conditions and circumstances against those of others. What makes me feel rich or fortunate or successful is not an absolute quantity; it is more often the sense that I am richer or more fortunate or more successful than my neighbor or colleague.”

Terryl and Fiona Givens  |  "The Christ Who Heals"

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“Make up your mind to be happy – even when you don’t have money, even when you don’t have a clear complexion, even when you don’t have the Nobel Prize. Some of the happiest people I know have none of these things the world insists are necessary for satisfaction and joy. Why are they happy? I suppose it is because they don’t listen very well. Or they listen too well – to the things their hearts tell them. They glory in the beauty of the earth. They glory in the rivers and the canyons and the call of the meadowlark. They glory in the love of their families, the stumbling steps of a toddler, the wise and tender smile of the elderly. They glory in honest labor. They glory in the scriptures. They glory in the presence of the Holy Ghost. One thing I know for certain: the time we have here goes by far too quickly. Don’t waste any more time sitting on the bench watching life pass you by.”

Joseph B. Wirthlin  |  “Lessons Learned in the Journey of Life,” Ensign, May 2001, p. 35

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Spencer W. Kimball Portrait

“If we like luxuries or necessities more than we like obedience, we will miss the blessings which he would like to give us.”

Spencer W. Kimball

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It is so easy to allow consumer debt to get out of hand. If you do not have the discipline to control the use of credit cards, it is better not to have them. A well-managed family does not pay interest—it earns it.

L. Tom Perry  |  “If Ye Are Prepared Ye Shall Not Fear”

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It is necessary to say a word about what is “enough income.” This is a materialistic world, and Latter-day Saints must be careful not to confuse luxuries with necessities. An adequate income allows us to provide for the basic requirements of life. There are some who unwisely aspire to self-indulgent luxuries that often lead them away from complete commitment to the gospel of our Savior.

Howard W. Hunter  |  Prepare for Honorable Employment

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“Many of our people are living on the very edge of their incomes. In fact, some are living on borrowings… I urge you to be modest in your expenditures; discipline yourselves in your purchases to avoid debt to the extent possible. Pay off debt as quickly as you can, and free yourselves from bondage.”

Gordon B. Hinckley  |  “To the Boys and to the Men,” Liahona, Jan. 1999, 65–66; Ensign, Nov. 1998, 53–54.

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“Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation. … Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”

J. Reuben Clark  |  Conference Report, Apr. 1938, 103.

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“From my earliest recollections, from the days of Brigham Young until now, I have listened to men standing in the pulpit … urging the people not to run into debt; and I believe that the great majority of all our troubles today is caused through the failure to carry out that counsel.”

Heber J. Grant  |  Conference Report, Oct. 1921, 3.

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This building [the Kirtland Temple] the Saints commenced in 1833, in poverty, and without means to do it. In 1834 they completed the walls, and in 1835–6 they nearly finished it. The cost was between sixty and seventy thousand dollars. A committee was appointed to gather donations; they traveled among the churches and collected a considerable amount, but not sufficient, so that in the end they found themselves between thirteen and fourteen thousand dollars in debt.”

Orson F. Whitney  |  Life of Heber C. Kimball (Salt Lake City: Bookcraft, 1945), 88

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