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Started By
Message
1
Posted on 8/2/14 at 11:12 pm to WG_Dawg
Technically I don't have $30K in debt. Including that, I have a net worth around $150K.
Posted on 8/2/14 at 11:12 pm to lsu xman
I paid mine off in January. I've been trying to debt snowball my house now.
Posted on 8/2/14 at 11:12 pm to 911Moto
quote:
I have a net worth around $150K.
So how much debt you have?
Posted on 8/2/14 at 11:13 pm to 911Moto
quote:
I have $30K of credit card debt, but my net worth is about $150K. I make $130K/year tax free. My expendable income is about 5K/month. And right now I'm posting from Washington D.C. - came for a karate tournament but made an 8 day vacation out of it. Add another grand or two to my debt for this month since I overspent and stayed in a suite at the Willard.
Holy shite.
You must be a flaming liberal with this kind of attitude about money.
Natural selection is going to deal with you soon enough and give you a nice Darwinism award.
Posted on 8/2/14 at 11:13 pm to LouisianaChessie
quote:
No and and maybe I was being a little modest with my description of options but I laugh at people with mid grade decor packages that say "loaded!"
most of them are just accents or whatever. my trim is highest offered on the vehicle i bought. tech package is nice. lanesense, adaptive cruise control, parallel parks itself, etc.
Posted on 8/2/14 at 11:13 pm to WG_Dawg
If the dude makes $130K tax free then $30K in CC debt isn't beyond his means. Stupid maybe but not beyond his means if that's all he had. He also said he pays nearly $800 per month on a 72 month car note though and it makes me wonder how much house note and everything else he has.
Posted on 8/2/14 at 11:15 pm to southernelite
quote:
parallel parks itself
So it's a car?
Posted on 8/2/14 at 11:15 pm to 911Moto
quote:
Technically I don't have $30K in debt
But you just said:
quote:
I have $30K of credit card debt
I don't care how much you have in the bank or how much you make. You just said you owe $30K in credit card debt. Anyone who owes that much, making what you supposedly make, is fricking stupid. Not hyperbole, there's no way around it. You are a complete financial retard.
Posted on 8/2/14 at 11:15 pm to stout
Net worth is assets owned, less liabilities. With that kind of net worth that he is stating, he owns a big asset (house), with no offsetting debt.
Posted on 8/2/14 at 11:15 pm to LouisianaChessie
it's a smallish SUV. i thought about getting a car, but i just couldn't do it.
Posted on 8/2/14 at 11:16 pm to 911Moto
quote:
Technically I don't have $30K in debt. Including that, I have a net worth around $150K.
why are you carrying around $32k in debt is you don't have to???
Posted on 8/2/14 at 11:16 pm to stout
I also wonder the same tbings.
Posted on 8/2/14 at 11:16 pm to liz18lsu
quote:
he owns a big asset (house), with no offsetting debt.
Or it could be a big house with lots of equity that he still has a lien against.
Posted on 8/2/14 at 11:17 pm to WG_Dawg
I just can't figure out where the rest of his money is going that he can justify paying the interest on 30k. why not just cut corners for a couple of months and get out of that debt, and then not have to worry about the CC debt, or the interest tied to it.
Posted on 8/2/14 at 11:17 pm to stout
quote:
If the dude makes $130K tax free then $30K in CC debt isn't beyond his means
If he makes $130K a year tax free, he shouldn't have any debt.
This is the type of person who wins millions in the lotto and is broke in 5 years. The type of person who has absolutely ZERO sense of money and what to do with it. I guarantee you that I, making a little over 1/3 of what moto does, will have more money than him in 20 years.
Posted on 8/2/14 at 11:18 pm to southernelite
I had to have a truck. Wouldn't have minded getting a car or SUV if I worked/lived in the city. FWIW I think there's a chance I know you IRL.
Posted on 8/2/14 at 11:18 pm to southernelite
quote:
I just can't figure out where the rest of his money is going that he can justify paying the interest on 30k. why not just cut corners for a couple of months and get out of that debt, and then not have to worry about the CC debt, or the interest tied to it.
Especially since he claims to have "expendable" income of 5K per month.
Posted on 8/2/14 at 11:18 pm to southernelite
quote:
or the interest tied to it.
He probably pays the CC game and gets 1.9% introductory offers to transfer balances from one CC to another. I know a lot of people that do that shite and never pay anything off. It's nuts.
Posted on 8/2/14 at 11:19 pm to southernelite
quote:
I just can't figure out where the rest of his money is going that he can justify paying the interest on 30k. why not just cut corners for a couple of months and get out of that debt, and then not have to worry about the CC debt, or the interest tied to it.
That's what I'm saying. If he makes $130K tax free, just pay the fricking credit card off and you're home free. But instead he's only adding to the debt by staying in suites.
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