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Posted on 9/8/22 at 1:37 pm to BabyTac
None.
I sold my business, house and camp paid off, retired, and kids are grown up.
When I had kids in school, they wanted cars, school tuition, and house note most people will have debt.
I sold my business, house and camp paid off, retired, and kids are grown up.
When I had kids in school, they wanted cars, school tuition, and house note most people will have debt.
Posted on 9/8/22 at 1:40 pm to BabyTac
About 15k, bought a new car a couple weeks ago, 36/0 terms. Paid for house, could pay the car off without transferring funds to checking.
I’m constantly amazed at how much debt people accumulate.
I’m constantly amazed at how much debt people accumulate.
Posted on 9/8/22 at 1:42 pm to BabyTac
30-50% of my income is year end so I carry some debt throughout the year and pay it off. I usually can shuffle it around to avoid any interest.
Posted on 9/8/22 at 1:43 pm to GreatLakesTiger24
quote:
can't it make sense in some cases due to insurance?
i mean if you are only going to have liability...i guess maybe. but dont know too many people who only have liability unless they are broke as frick.
in general though if you have the cash to pay for a car....and you have the credit to get lets say a 2% interest rate....much better off doing longest terms possible at the lowest interest when compared to inflation. then take your lump sum and invest it.
Posted on 9/8/22 at 2:13 pm to BabyTac
Just mortgage. When we had two car notes, wife's student loan and our Lowe's card, it seemed like we never had any money. I work with a guy who makes a little more than I do, his wife doesn't work. His mortgage is 2.5x more than mine, he and his wife have brand new vehicles, boat loan, side-by-side loan and his kids are in private school(so are mine). I have no idea how he affords all of it.
Posted on 9/8/22 at 2:15 pm to BabyTac
Bout Tree Fiddy 
Posted on 9/8/22 at 2:46 pm to BabyTac
Just my student loans...
Posted on 9/8/22 at 3:19 pm to BabyTac
The No 1 key to Retirement is……..:No debt
Posted on 9/8/22 at 3:30 pm to BabyTac
quote:
For the first time in my adult life, I have zero debt.
I've been debt free from mortgage, auto & motorcycle payments, no loans or credit card balances since the early 2000's.
My only expenses monthly are normal living expenses:
Food
Utilities
Entertainment
Insurances, etc.
It's a wonderful feeling to not have to make payments on a house, vehicle, other accumulated debt.
Posted on 9/8/22 at 3:30 pm to BabyTac
Mortgage ($215k left - $1200/month)
SUV ($22k left - $440/month)
Sedan ($24k left - $390/month)
That’s it, but those car payments kill me. Picked them both up this year. Was only $290/month before having to replace our SUV.
SUV ($22k left - $440/month)
Sedan ($24k left - $390/month)
That’s it, but those car payments kill me. Picked them both up this year. Was only $290/month before having to replace our SUV.
Posted on 9/8/22 at 9:35 pm to BabyTac
Roughly $5.5mil
But being the boss is easy right.
But being the boss is easy right.
Posted on 9/8/22 at 9:35 pm to BabyTac
About 350
Posted on 9/8/22 at 9:39 pm to tes fou
If you don't have any debt you are probably not of any notable wealth.
In fact it would be fiscally irresponsible to be rich without debt.
Now if you are just a poor that's a problem.
In fact it would be fiscally irresponsible to be rich without debt.
Now if you are just a poor that's a problem.
This post was edited on 9/8/22 at 9:40 pm
Posted on 9/8/22 at 9:44 pm to BabyTac
None 
Posted on 9/8/22 at 9:46 pm to beerJeep
quote:
Really wish I could take out a 10k student loan for my last semester of college that I’m paying out of pocket for
you missed about 5 semesters worth time to take out that loan
ETA not gonna say how much I owe, but for the topic at hand, COVID interest freeze will easily save me 6 figures worth of loan repayment with the 2+ years freeze and compounding interest
This post was edited on 9/8/22 at 9:58 pm
Posted on 9/8/22 at 9:46 pm to BabyTac
$3-4K credit cards monthly
$2-3K medical (will put on credit card next month and pay it off)
$500K mortgage
$2-3K medical (will put on credit card next month and pay it off)
$500K mortgage
Posted on 9/8/22 at 9:49 pm to Caraway Rye
quote:this… I had a zero % loan on my Aviator that my loan officer suggested I pay off in full to get the best home rate recently. Felt like I was losing paying it off in full
If you don't have any debt you are probably not of any notable wealth. In fact it would be fiscally irresponsible to be rich without debt. Now if you are just a poor that's a problem.
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