View Poll Results: How much personal debt do you have?

Voters
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  • None!

    15 27.27%
  • Under $1,000

    4 7.27%
  • $1,000-$5,000

    7 12.73%
  • $5,000-$10,000

    3 5.45%
  • $10,000-$25,000

    7 12.73%
  • $25,000-$50,000

    4 7.27%
  • $50,000-$75,000

    1 1.82%
  • $75,000-$100,000

    1 1.82%
  • $100,000-$200,000

    8 14.55%
  • Over $200,000

    5 9.09%
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Thread: How much personal debt do you have?

  1. #41
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    UtahBill's Avatar
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    Re: How much personal debt do you have?

    Our 2 kids are in good shape, both just owe money on their mortgage and one will be paying off her house early for sure. The other will have to wait til he gets promoted to Asst. Principal so he has enough extra money to pay down his mortgage. We help that family with their medical bills. Their problems are not their fault, you never know when one of your kids might come down with a serious long term illness.
    The future is unpredictable, and preparing for it is too important to put off til later. Sounds like many posters here have the right idea. Once you get out of debt, life is a lot easier. You can't lose what you don't owe money on....
    Oracle of Utah
    Truth rings hollow in empty heads.

  2. #42
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    Cold Highway's Avatar
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    Re: How much personal debt do you have?

    About $3,400 left on my truck payments.
    Jackboots always come in matched pairs, a left boot and a right boot.

  3. #43
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    soccerboy22's Avatar
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    Re: How much personal debt do you have?

    Quote Originally Posted by Coronado View Post
    I have principles, but they are negotiable for the right price, and that price is surprisingly low ...
    I like your style. If I knew I wouldn't have student loans from law school then I would take you up on your offer.

  4. #44
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    Re: How much personal debt do you have?

    Quote Originally Posted by soccerboy22 View Post
    I like your style. If I knew I wouldn't have student loans from law school then I would take you up on your offer.
    You'll have all you can handle, trust me. Credit hours are more and books are a lot more.

    Just be sure to use a little of that student loan money and buy two or three nice, properly tailored Italian suits. That's not just clothing, that's an investment.

  5. #45
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    Re: How much personal debt do you have?

    Quote Originally Posted by 1069 View Post
    It is a right, and it's free everywhere else in the industrialized world except the US.
    It's not my fault my lame-ass country is behind the times, human rights-wise.
    That doesn't mean I have to be. I'm free to just ignore them.
    Having watched good, hard-working people that played by the rules all of their lives, have everything they worked for, ripped off by greed-driven corporations after one single catastrophic medical crisis, I'm amazed that some people still defend a for profit system of stealing peoples wealth via denying them the health care that every other civilized nation on the planet do as routine.

    Regressives' greed knows no bounds nor has any conscience.

  6. #46
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    Re: How much personal debt do you have?

    Quote Originally Posted by Coronado View Post
    You'll have all you can handle, trust me. Credit hours are more and books are a lot more.

    Just be sure to use a little of that student loan money and buy two or three nice, properly tailored Italian suits. That's not just clothing, that's an investment.
    My dad got me a really nice tailored suit when I turned 21 last year. He said it would be the most useful birthday present, aside from the laptop I got when I turned 18 and the tux I got when I turned 19.

  7. #47
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    Re: How much personal debt do you have?

    Quote Originally Posted by Barbbtx View Post
    I'm really surprised at some of the responses here. The news I hear is that most people are drowning in debt. I'm not seeing that here at all.
    I would say that the majority of people in my neighborhood are drowning in debt. New cars, paid twice as much for their homes as I did, etc. I was just raised to be financially conservative, and not spend money that I don't have. My daughter (who is 16) is perfectly happy to drive a 1999 Hyundai Elantra that I paid cash for. I drive a 2001 Toyota Camry (also paid off).

    My son asks me almost every day if we're poor. That's because most of the people around us are driving BMWs, Volvos, and other cars that they are in debt up to their eyebrows to afford. I tell him, no, that we OWN our cars, and my house will be paid off before he starts college. I also have pre-paid their college tuition since they were tiny. I figure that they can work to pay for books, and I'll help with living expenses.

    I actually look forward to the day when everything is paid off and I can bank my mortgage payment in my retirement IRA.

  8. #48
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    Re: How much personal debt do you have?

    Quote Originally Posted by soccerboy22 View Post
    My dad got me a really nice tailored suit when I turned 21 last year. He said it would be the most useful birthday present, aside from the laptop I got when I turned 18 and the tux I got when I turned 19.
    I have a really nice Armani suit tht I wear about once every three or so years.

  9. #49
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    Re: How much personal debt do you have?

    Quote Originally Posted by winston53660 View Post
    I'm looking at assuming about one million dollars in medical debt....And I thought grad school at NYU was expensive.
    Ouch $1 million in medical debt

    Unless you earn a great deal per year, how on earth will you be able to pay that back on top of other debts
    Happy Hanukkah Cheerfull Kwanzaa
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  10. #50
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    Re: How much personal debt do you have?

    Quote Originally Posted by Lord Tammerlain View Post
    Ouch $1 million in medical debt

    Unless you earn a great deal per year, how on earth will you be able to pay that back on top of other debts
    I actually have no other debt. And right now I'm going on disability to help with upcoming medical finances.

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