Definition & Meaning of "out of debt, out of danger"

What is the origin of the proverb "out of debt, out of danger" and when to use it?

The origin of the proverb "out of debt, out of danger" is unclear, but it has been a common sentiment in various cultures for centuries. It implies that debt can be a source of constant stress and risk, and by clearing it, an individual can avoid potential financial trouble and protect their well-being. The saying highlights the importance of living within one's means and maintaining a debt-free lifestyle as a way to ensure long-term stability and avoid the dangers that financial obligations can create.