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vortexring

Personal debt

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What's yours? Don't fuckin' lie - which no doubt most people will. Anyway, individual mortgages don't count - although people who rent out properties - their debt does count!

Whether your debts business related, massively huge and significant, or just a score borrowed from your brother 'cos you were playing cards on Wednesday...it'd be interesting to hear the results.

And I'm being negative - I expect about 2 replies with descriptions of no debt whatsoever - and now lets look at the next Obama thread...

'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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although my net worth is positive my debt is a little large at about $500,000. this has been reduced, to this point, by a few hundred thousand over the last 6 years but i imagine it will grow again because of the times. how much it will grow depends on who is elected. my feelings is that it will grow larger(or shrink slower) if Obama is elected because of his plans like health care. i am an employerer that already supplies health care but i imagine the extra tax burden will cost me.

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What's your point?

If "individual mortgages don't count", then for me the answer is "zero".

I do not support Obama.

I don't think all debt is bad, but I haven't yet borrowed to invest in myself (i.e. my own ideas). Maybe someday I will. I'm kinda pricey, though. :$:P

Paint me in a corner, but my color comes back.

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My points pretty relevant to the current financial 'crisis'. It isn't just about mortgages.

We're literally encouraged to get ourselves into debt.

How many people ever had a personal loan? What exactly was it for?

Who ever consolidated their store cards, loans, credit cards and HP's into a fuck off big loan?

Who bought a car from their savings? Or through a lease or PCP? And fuckin' why!?

That's my point.

'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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we have no more credit card debt, but we still use the card once in a while and pay it off every month. the only thing we owe money on (besides the house) is our travel trailer and that will be paid off this month. my wife's car is a lease, so that's might as well be a debt. we like it so when the lease is up this spring we'll be buying it but we should have the cash on hand to do that.


"Your scrotum is quite nice" - Skymama
www.kjandmegan.com

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Medical School - fairly large debt burden there
Mortgage - but "doesn't count"
My car - almost paid off (bought 2yrs ago)
My motorcycle - half paid off (bought 4mos ago)
My mom's car - bought a month ago when she got T-Boned in her other one (half paid off)
Credit cards - paid off (except for a couple hundred that I just put on them for the upcoming boards)

Personal debt - Not giving numbers, but rather up there.

It'll all be paid off though. :)

-edit for spelling.

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Medical School - fairly large debt burden there
Mortgage - but "doesn't count"
My car - almost paid off (bought 2yrs ago)
My motorcycle - half paid off (bought 4mos ago)
My mom's car - bought a month ago when she got T-Boned in her other one (half paid off)
Credit cards - paid off (except for a couple hundred that I just put on them for the upcoming boards)

Personal debt - Not giving numbers, but rather up there.

It'll all be paid off though. :)

-edit for spelling.



Cheers for your answer Karen. It shows manageable debt. I'm of the opinion that most peoples debt is beyond such a controlled state.

'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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Zero - and no mortgages either.

My retirement fund has shrunk a lot in the last few months though, thanks mostly to other people's debts.



Gold, silver, rubies or Krugerrands?;)

'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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Hmmm lets see

Mortgage.. 135k.. less that 50% of its value

All my toys.. cars.. boats.. .. all paid off credit cards.. I think I owe about $300 on my AMEX from a purchase at Costco..need to pay that off before the end of the month.

All the others.. zero balance.. and always paid off every month..

Savings... check

Investments.. check( although the market price has REALLLLY affected those)[:/]

IRA... check...


I was brought up to be fiscally responsible.. as well as fiscally conservative. This shit that has been going on just chafes the shit out of my ass>:(>:(>:(

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Seems so far we're all fairly good with our finances here. Which is great.

Nobodies admitted to being a nutter on the credit cards though! Shame really - I was gonna offer to square them away.>:(


'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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Hmmm, let's see.
I invested in and built a bar and grill at Skydive AZ, started an exotic boogie and skydive and fly helicopters for a hobby. I pay California taxes. I have two kids. My wife owes for law school still.

Hold on, I'm still adding...

I owe about $6,000,000, plus my 48% hit to my 457 retirement plan this month!

Hey Barney, Alan, Ben, I need a bailout! Stat!
That AIG excursion might be a good start. It's just up the road from me a bit to the St.Regis.

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Hmmm, let's see.
I invested in and built a bar and grill at Skydive AZ, started an exotic boogie and skydive and fly helicopters for a hobby. I pay California taxes. I have two kids. My wife owes for law school still.

Hold on, I'm still adding...

I owe about $6,000,000, plus my 48% hit to my 457 retirement plan this month!

Hey Barney, Alan, Ben, I need a bailout! Stat!
That AIG excursion might be a good start. It's just up the road from me a bit to the St.Regis.



You fly helicopters as a hobby!? Are they gas-turbines? That's mentalist expenditure for a hobby!

Or are you flying R-22's?B|

'for it's Tommy this, an' Tommy that, an' "chuck 'im out, the brute!" But it's "saviour of 'is country" when the guns begin to shoot.'

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