“We feel led to caution . . . against forming the bad habit of incurring debt and taking upon themselves obligations which frequently burden them heavier than they can bear, and lead to the loss of their homes and other possessions. We know it is the fashion of the age to use credit to the utmost limit. . . . We, therefore, repeat our counsel . . . to shun debt. Be content with moderate gains, and be not misled by illusory hopes of acquiring wealth. . . . Let our children also be taught habits of economy, and not to indulge in tastes which they cannot gratify without running into debt.”
Quote by Wilford Woodruff
Author
Wilford Woodruff
Wilford Woodruff (March 1, 1807 – September 2, 1898) was the fourth president of The Church of Jesus Christ of Latter-day Saints, serving from 1890 until his death. He is best known for issuing the 1890 Manifesto, which ended the practice of plural marriage within the church. Under his leadership, the church navigated through a critical period of external pressure and internal adjustment, setting the foundation for its modern development. more
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