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re: Debt Debt Debt.

Posted on 10/31/18 at 8:36 am to
Posted by LSU alum wannabe
Katy, TX
Member since Jan 2004
27058 posts
Posted on 10/31/18 at 8:36 am to
quote:

o like to know what these debts are? How can you have $70k in debt and not have something you can sell off to get rid of large portions of that debt?



What we got for our $70k was my wife halfway through LVN to RN program and a baby. Her half a degree is worthless and selling our child is illegal. While my wife was in school she reduced her number of shifts worked. We had mid 4-figure credit card debt. She then got pregnant and went on maternity leave that was not really paid because she was a part time employee due to school.

Vehicles were asked about. They are both paid for. We cannot make it with 1 car. One of us would have to uber daily.

House selling was suggested. Our house is probably the only thing we did right. Was purchased prior to housing collapse and rebound. To rent out here would cost more than the house note we are paying. I’ve looked into it.
Posted by baldona
Florida
Member since Feb 2016
20635 posts
Posted on 10/31/18 at 8:44 am to
If you are both RN’s then you should be able to pull $100k with extra shifts fairly easily. You guys are living above your means and don’t care to change that. You paid off $12k in debt in 2 years.

I’m sorry man but you guys are trying to live like a doctor off a nurse’s salary. You need to adjust your lifestyle.

You can both buy $4,000 Honda’s and toyatas and I’d bet shave at least $20k off of that. Maybe even half or all of it judging by your lifestyle.
This post was edited on 10/31/18 at 8:45 am
Posted by baldona
Florida
Member since Feb 2016
20635 posts
Posted on 10/31/18 at 8:47 am to
What you guys need to do is go to something like a Dave Ramsey class. I’d bet if you went to a financial planning class you’d have $50k paid off in 6 months.

You need to stop hanging out with the Jone’s and start hanging out with people that are paying off debt. Stop making it cool to go to Ruth’s Chris and start making it cool to cook Red beans and rice and have a family get together.
Posted by Pintail
Member since Nov 2011
10711 posts
Posted on 11/1/18 at 11:00 pm to
quote:

To rent out here would cost more than the house note we are paying.


Did you include this in your figure?

quote:

We were plugging along and then our AC died. Had to get another one.
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