Do you have debts?

S

SewerRatBoy

Banned - Abuse of Staff
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I am not about to offer loans or affiliate miracle services, I just want to know if you have debts (I mean relevant amounts, if you have $100 debt with your neighbor, disregard that).



''Why do you want to know that?''

- it seems to me that getting into debt is practically inevitable, so I want to know from older, more experienced people if everyone here is in debt.
 
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Thank goodness no debt at all. My parents were from the depression era of the 1930s, and we were taught to watch what we spend and to make sure if we're going to buy something or take a loan make sure we have a way of paying it off.

Now, I know people go into medical debt, which my heart goes out to but if we are just talking about borrowing money I never did that in fear of interest and having to pay it off.
 
I have no debts, but there are some amounts owed to me. Do you provide armed (with guns) hitmen for debt recovery ? That is actually a very profitable business you may consider adding to your portfolio.
https://www.youtubetrimmer.com/view/?v=xENDZzzCjT4&start=300&end=370&loop=0
 
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I guess mine will be one of the worst stories here, but I'll still write it here, for you guys to learn from mistakes of others:

So, as soon as I got 18 y/o I get dept from a bank, little amount, it was a credit card, so I was playing with it, borrow then return, borrow then return and so on...

Then I got 21 y/o I could borrow more as my credit history was AMAZING,

Borrowed somewhere $5k, couldn't return for like 3 years....

Finally made some money, somewhere $30k, returned that dept, finally dept free, yaayyyyy!!!

Spent that $25k on drugs, girls and travel,

and now I'm in dept somewhere $2k.

That's my last time, once I pay this money, I wont borrow again! NEVER!
 
No debt. In fact never had any.
Even sponsored my own education, thanks to IM.
And I'm so dead against loans that I'm saving up so that I can buy an apartment with upfront payment.
 
Over $20K debt in banks. .Car loan and property loan. Debts in bank make me run faster. So, I chose to borrow and invest in immovable properties.
 
I don't have any debt
before I started I made sure my balance looks good enough (over 1.5-2K)
and Now I still saving while growing my business
 
I have more than 100k in debts for the bank. I've bought my own apartment last year. So I'll have this debt for 30years.

I would be able to become debt free much faster than in 30years, but I do not see any point to do it while the interest rates are so low (less than 2% in my case).
 
I took a few loans to leverage an investment that thankfully went pretty well. Paid the loans with the interest I made.

I was never able to decide if it counts as debt or not, because I had the money to pay it back, I just earned more by not doing it.

Another loan I will take is a mortgage, because the only economic sense I can find in buying a house is the leverage you can get for it.
 
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