I'm completely out of debt!!!

[E equals MC2]

Originally posted by: Fritzo
LOL- as bad as $8k.

Lightweight!

I lost sleep over $8K as I saw my friends already saved up and buying houses at my age (26).

More than $8K? You crazy?

 

[Fritzo]

Originally posted by: E equals MC2

Originally posted by: Fritzo
LOL- as bad as $8k.

Lightweight!

I lost sleep over $8K as I saw my friends already saved up and buying houses at my age (26).

More than $8K? You crazy?

I have a mortgage, a home equity loan, two car payment, and a credit card. I'm good for about a quarter million in debt

 

[Bateluer]

I think I pushed 15K at one point. I'm proud to say thats its less than 3K now and all in one source.

 

[Capt Caveman]

Student Loans = Debt

This thread fails.

 

[AlienCraft]

Well, I used the eCONomic stimulUS check to pay off the credit card (<$300.00). Now to pay down the principal on the car loan. Those bastiches have this fine print that stipulates how extra payments are applied to their interest unless I make a lump payment of over $300.00. Then and only then is the entire amount applied to principal.
Thinking about shopping it on PROSPER to get a better rate .

Yay no Credit Card Debt!

 

[manlymatt83]

Good job. I'm on my way.

 

[kranky]

Originally posted by: Capt Caveman
Student Loans = Debt

This thread fails.

I think a legitimate argument can be made that student loans are an investment - borrowing money to enable an increase in future earnings. Although I still think too many students go overboard and pay too much for college, the income potential for college graduates is higher than those who don't attend, and if loans are the only way to get the degree, that's an investment in my opinion.

 

[Toastedlightly]

I'll throw out my meager school child debt:

CCs $1500
School (interest paid by govn't) $6000
School (interest paid by me) $8000

Not tooo shabby for a junior. Now to pay off that CC...

 

[meltdown75]

i'm going to be 33 in August.

i think i'll be out of debt by the time i'm 53 or so. another 20-spot on the house payments, thank you very much.

if you get out of debt and have anything to show for it, please post back k. thxbai

 

[zoiks]

No CC debt. I owe $3.9k on the car. Good bank balance.
I'm looking forward to get drowned in debt when I get a house.

 

[thepd7]

Originally posted by: Naustica

Originally posted by: child of wonder

Originally posted by: Naustica

Originally posted by: child of wonder
My wife and I decided to get a 3 month emergency fund saved up before we started aggressively paying down our $12k CC debt since it's only at 3.99% until paid in full. By the end of May we should have our emergency fund all saved up and then will try to get that CC gone within 2 years.

Then all that's left is my student loan and the house.

However, we'll probably need to get a car loan in the next 2 years, too, since our oldest car is a 1997 Taurus with almost 140,000 miles.

Maybe you should sell your computer and TV to pay down your CC debt.

You mean the CC debt which is just my previous car loan rolled over to the 3.99% to save money and the rest was money borrowed to finish my basement at the same rate, thus increasing the value of our house all done prior to me getting a giant raise?

Sure, I'll sell those items I spent a grand total of $3,000 on when I can afford to pay $1500 per month to the CC once I have an emergency fund saved by the end of May.

Then when the CC is paid off I'll eventually purchase similar items for more than I sold the originals for! Brilliant!

No, what's brilliant is spending $3k on fast depreciating computer and electronics when you don't even have 3 months of emergency fund and have $12k in CC debt!

He's got ya there.

 

[SagaLore]

Great, can you help me pay off mine?

 

[CasioTech]

did you buy the book 'debt cures they don't want you to know about' by that pompous dickhead?

 

[ConstipatedVigilante]

Originally posted by: CasioTech
did you buy the book 'debt cures they don't want you to know about' by that pompous dickhead?

I see that guy every morning on TV...how does he make any money?

 

[AlienCraft]

Originally posted by: SagaLore
Great, can you help me pay off mine?

Sure!
Get This book and apply it's precepts ASAP.
It worked for me.

 

[Gothgar]

grats

 

[her209]

Originally posted by: Kelemvor
What the hell is a Good debt?

When you make more profit than what you owe on the interest of the principle.

 

[BrokenVisage]

What about that $100 bucks you owe me?

 

[maddogchen]

no debt, but i rent.

 

[Kadarin]

I have debt again

But that's because I bought an expensive car...

 

[CrimsonChaos]

Don't let the naysayers bring you down. Congrats! But don't just start saving, start investing...