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Forum » So any of you guys into debt? If so, what is it and how much?
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Thread: So any of you guys into debt? If so, what is it and how much?

post 1479476601 01-17-2017, 03:18 PM
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So any of you guys into debt? If so, what is it and how much?

... and why the hell did you get into it?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479477311 01-17-2017, 03:24 PM
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yeah about $24k right now. bought a new car after my last one broke unexpectedly.
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post 1479477341 01-17-2017, 03:25 PM
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Just mortgages.

Had about 10k worth of credit card debt last year due to being a retard in my early 20s. Furnished a home on credit + alcohol and poor decisions while intoxicated. Paid off now though.
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post 1479477411 01-17-2017, 03:26 PM
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Originally Posted By Zackad⏩
yeah about $24k right now. bought a new car after my last one broke unexpectedly.
How did you finance?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479477481 01-17-2017, 03:27 PM
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Originally Posted By GriecoR⏩
Just mortgages.

Had about 10k worth of credit card debt last year due to being a retard in my early 20s. Furnished a home on credit + alcohol and poor decisions while intoxicated. Paid off now though.
How much mortgage?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479477791 01-17-2017, 03:30 PM
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In my early 20s I had about 20K in debt and over 10K was credit card. Paid it all off in 6 months and vowed it would never happen again.

Honestly, educators in America don't even cover finances and debt. You won't even get it in college unless that is what you're going for. I'm not sure I'd trust the typical educator to teach it anyways. I'd go as far to say that it is possible there is some kind of global agenda to keep people ignorant in this area because it provides a major avenue of control over other peoples lives. It really is the one thing completely glossed over on your way to becoming an adult.
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post 1479477811 01-17-2017, 03:30 PM
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Have about 5k in CC debt. Bought a laptop, new iPhone when i broke my old one, and had a root canal done. 0% APR until June so I'm not worried about it at all. Can pay it off now but theres no real point atm.

Also have about 340k in mortgage debt if were counting that. Its an investment property and I net about 2k/month off of it so I would classify that as good debt.
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post 1479477821 01-17-2017, 03:30 PM
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Originally Posted By quadfecta⏩
Think I have around $2k cc balance right now that I have to pay this period before I get raped with 18% interest rates lol
I never understood the concept. Isn't it easier to just have a few grands saved than constantly pay interest to a bank?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479477861 01-17-2017, 03:30 PM
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Including mortgage and vehicles? About $275k I would guess.
post 1479478061 01-17-2017, 03:31 PM
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Originally Posted By wave_length⏩
How much mortgage?
I have two homes that I rent out to families. Maybe around 600k combined .
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post 1479478111 01-17-2017, 03:32 PM
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Originally Posted By faxanadu⏩
In my early 20s I had about 20K in debt and over 10K was credit card. Paid it all off in 6 months and vowed it would never happen again.

Honestly, educators in America don't even cover finances and debt. You won't even get it in college unless that is what you're going for. I'm not sure I'd trust the typical educator to teach it to tell you the truth. I'd go as far to say that it is possible there is some kind of agenda to keep people ignorant in this area because it provides a major avenue of control over other peoples lives.
Of course. It just boggles the mind as soon as you start to think about it. And you don't have to be very smart.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479478171 01-17-2017, 03:32 PM
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Hate credit cards but got 2 now 2.5k debt
Doesn't sound much but it pisses me off
And a 1k overdraft
retired from powerlifting, retired from the misc
post 1479478201 01-17-2017, 03:33 PM
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Originally Posted By GriecoR⏩
I have two homes that I rent out to families. Maybe around 600k combined .
Wow.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479478371 01-17-2017, 03:33 PM
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Currently about $4000 from student loans/credit card stuff from this month.


Graduated with about 38k in loans
Racked up about 8k in medical bills last summer
Had 8k in car payments.

The past 2 years I have been absolutely aggressively paying off my debts as I want to be debt free by June.......

because I am going to grad school next fall which means I'll be going back into debt another 70k (might only be like 30k if I get a job at the school while attending as they give a massive tuition break, but that is no guarantee)
post 1479478441 01-17-2017, 03:34 PM
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Originally Posted By faxanadu⏩
In my early 20s I had about 20K in debt and over 10K was credit card. Paid it all off in 6 months and vowed it would never happen again.

Honestly, educators in America don't even cover finances and debt. You won't even get it in college unless that is what you're going for. I'm not sure I'd trust the typical educator to teach it anyways. I'd go as far to say that it is possible there is some kind of global agenda to keep people ignorant in this area because it provides a major avenue of control over other peoples lives. It really is the one thing completely glossed over on your way to becoming an adult.
I agree 100%... I have to stay employeed because of my student loans. I had no education on debt, the effects of debt, and no one in my family did. I truly believe our debt (American) is a way to ensure we become a cog in the wheel.

edit: ironically my plan out of it is this - get into more debt to get freedom?
Originally Posted By GriecoR⏩
I have two homes that I rent out to families. Maybe around 600k combined .
post 1479478451 01-17-2017, 03:34 PM
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Originally Posted By wave_length⏩
Wow.
Why wow? Mortgage debt is unavoidable where I live.
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post 1479478481 01-17-2017, 03:35 PM
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Originally Posted By wave_length⏩
How did you finance?
went to dealership, they managed to get me 2.49% financing through SDCCU, a local credit union. 6 years payments of $400/month, put a couple grand down, but I plan to pay it off in sooner than 6 years

oh also have about $500 on my CC right now, but I'll be paying that off fairly soon
"So t
post 1479478591 01-17-2017, 03:35 PM
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Originally Posted By wave_length⏩
I never understood the concept. Isn't it easier to just have a few grands saved than constantly pay interest to a bank?
You avoid paying interest fees by paying off your statement balance every month. Builds credit and I get rewards for using my cc for purchases. It's a sweet deal
post 1479478701 01-17-2017, 03:36 PM
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Originally Posted By GriecoR⏩
Why wow? Mortgage debt is unavoidable where I live.
It just seems to be a high number.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479478711 01-17-2017, 03:37 PM
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Originally Posted By wave_length⏩
Of course. It just boggles the mind as soon as you start to think about it. And you don't have to be very smart.
What really chaps me is how banks target ignorant 18 year old college kids. It also doesn't help that the finance industry intentionally complicates finances to deceive people.
"There's a fine line between salvation and drinking poison in the jungle." -Gym Jones
"The soul becomes dyed with the color of its thoughts." - Marcus Aurelius

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post 1479478791 01-17-2017, 03:37 PM
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Originally Posted By quadfecta⏩
You avoid paying interest fees by paying off your statement balance every month. Builds credit and I get rewards for using my cc for purchases. It's a sweet deal
Is it really necessary to build credit?
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479478811 01-17-2017, 03:38 PM
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Mortgage: 100k
Vehicle: 9K (should be paid off in a year)
Student loans: 50K (was at 95k about 3 years ago after I consolidated and only have 1.25% interest now)
Credit Card: none, pay it off in full every month and get the travel rewards.

No matter what I pay way more on my loans. My vehicle I am months ahead on payments, my house I pay 100 more than I need to, Student loans I pay $900+ when my payment is supposed to be like $150.
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post 1479478821 01-17-2017, 03:38 PM
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I have my mortgage which is around $212k and my student loan which is $18k i think - student loans don't matter that much in Australia.

I'm trying to rent out my property soon though, then buy another within a year so I will probably have around $500k debt.
post 1479478911 01-17-2017, 03:39 PM
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Originally Posted By wave_length⏩
It just seems to be a high number.
Housing market is way over inflated just like a bunch of other markets. In many places housing is higher than pre 2008.
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post 1479479031 01-17-2017, 03:40 PM
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Originally Posted By wave_length⏩
It just seems to be a high number.
Two houses. Don't tell me houses cost less than $300k in Vienna.
post 1479479051 01-17-2017, 03:40 PM
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Originally Posted By faxanadu⏩
What really chaps me is how banks target ignorant 18 year old college kids. It also doesn't help that the finance industry intentionally complicates finances to deceive people.
Well of course, that's their business.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
post 1479479061 01-17-2017, 03:40 PM
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Originally Posted By wave_length⏩
Is it really necessary to build credit?
Nope
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post 1479479131 01-17-2017, 03:40 PM
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$600k in mortgage @ 3.5%.

Just finished paying off car.
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post 1479479211 01-17-2017, 03:41 PM
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post 1479479241 01-17-2017, 03:41 PM
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Originally Posted By FriendOfFrank⏩
Two houses. Don't tell me houses cost less than $300k in Vienna.
Apartments cost more than that. I just wouldn't take the risk.
How to lose fat for Noobs: http://forum.obnoxiousbrutes.com/showthread.php?t=129247741
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