$0 Debt Crew* - Sign in!
02-29-2008, 04:45 PM
#33
Registered User
iTrader: (1)
Join Date: Dec 2002
Location: Monterey Bay, Ca
Posts: 1,138
Car Info: WR Blue Wagon
She's been doing autox with me. She is fully aware of my tire purchases. I always consult with her before making big purchases. No, I wasn't actually happy about it. I've always taken a certain amount of pride in keeping an excellent credit rating and not carrying credit card debit. So it was kinda shocking to discover.
a happy family is priceless 
*awwww*
02-29-2008, 04:56 PM
#34
VIP Member
iTrader: (7)
Join Date: Dec 2002
Location: Stockholm
Posts: 7,441
Car Info: 2018 Golf R Variant
No car payment, no debt, no mortgage. Just rent, insurance and household monthlies. I put things on the card for miles (trip to HI free in a couple months) but usually pay it off ASAP. Hoping to buy a house at some point, but it prolly won't be in the Bay Area.
But yeah, I agree - this is an odd thread or another way to say, an odd way of bragging I guess?
I would definitely consider a mortgage payment to be debt since it is afterall a form of speculation and things can sometimes go badly. Car payment is totally a debt since it's a depreciating item.
But yeah, I agree - this is an odd thread or another way to say, an odd way of bragging I guess?
I would definitely consider a mortgage payment to be debt since it is afterall a form of speculation and things can sometimes go badly. Car payment is totally a debt since it's a depreciating item.
02-29-2008, 05:03 PM
#35
banned
iTrader: (5)
Join Date: Jan 2008
Location: NorCal, SF East Bay
Posts: 1,456
Car Info: 2007 WRX Limited | vf43'D
Its called a work ethic.
03-01-2008, 07:31 AM
#38
iClub Silver Vendor
iTrader: (25)
Join Date: Nov 2002
Location: Participating in some Anarchy!
Posts: 15,494
Car Info: 2005 LGT wagon
This is all fine & dandy, but the really important questions are "How much are you worth?" "How much $$$ do have saved/invested?"
Last edited by FW Motorsports; 03-01-2008 at 08:39 AM. Reason: Can't type on cold medicine!!
03-01-2008, 10:28 AM
#43
VIP Member
iTrader: (17)
Join Date: May 2005
Location: Sunnyvale, CA
Posts: 22,776
Car Info: '13 BRZ Limited / '02 WRX
I've had friends that have had to take more jobs than classes in a semester just to afford to go to school AND live
I'm not at $0 debt because I put most things (gas, dinners, movies) on my AmEx and pay it off a few days after payday
03-01-2008, 12:04 PM
#44
Registered User
iTrader: (17)
Join Date: Dec 2005
Location: Oakland/Alameda
Posts: 3,448
Car Info: WRX --> RX-8--〉E93
all my money goes to my life insurance with a 12% interest rate, the money doubles every 6 years, instead of 18 years (if is 4%). and no worry for dept, i can just take money out of the account and pay it. and no worry about any house closure
03-01-2008, 12:24 PM
#45
VIP Member
iTrader: (2)
Join Date: Apr 2003
Location: pompous douchebag
Posts: 9,351
Car Info: $200,000 sports car
"debt" is such a relative term... houses, cars, student loans, etc.. it's all money borrowed to pay for something you didn't have the money for.
i'm definitely not in the club. got a mortgage, 2 car payments, and what would many would consider a hefty ammount of cc debt. what started as a kitchen remodel turned into a house remodel and we paid for the overages on some cc's. i could have cashed out some more from the house to pay that off, but it's still "debt". i chose to pay it off on my cards, 7.9% apr for a few years rather than pay 5.75% for 30 years. yeah, it costs more every month but the net cost of borrowing that money is a hell of a lot less than tacking it onto a mortgage, and i still get to keep some equity in the house. besides, we're still living comfortably and have the income to back it up, just can't finance anything for a bit
i'm definitely not in the club. got a mortgage, 2 car payments, and what would many would consider a hefty ammount of cc debt. what started as a kitchen remodel turned into a house remodel and we paid for the overages on some cc's. i could have cashed out some more from the house to pay that off, but it's still "debt". i chose to pay it off on my cards, 7.9% apr for a few years rather than pay 5.75% for 30 years. yeah, it costs more every month but the net cost of borrowing that money is a hell of a lot less than tacking it onto a mortgage, and i still get to keep some equity in the house. besides, we're still living comfortably and have the income to back it up, just can't finance anything for a bit