Financial Thread... How many of you have zero debt?

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  • woj
    <&(©¿©)&>
    • Jul 2002
    • 47880

    #51
    50.........
    Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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    • Vitasoy
      GFY HALL OF FAME DAMMIT!!!
      • Oct 2003
      • 58202

      #52
      I have no debt at all


      [email protected]

      Comment

      • Yngwie
        I am an Alien from space
        • May 2003
        • 11118

        #53
        I have roughly $10k in debt not counting the $17k I owe the government for taxes.
        ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

        Comment

        • Yngwie
          I am an Alien from space
          • May 2003
          • 11118

          #54
          I have to stop putting myself in debt. what I owe may not seem like a lot, but with the drop in my income this debt is killer, I'm working on fixing that though.
          ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

          Comment

          • dissipate
            The Dirty Frenchman
            • Nov 2005
            • 8904

            #55
            I have student loans that I havn't completly paid off, but that's about it.

            Comment

            • slapass
              Too lazy to set a custom title
              • Nov 2002
              • 14625

              #56
              Originally posted by Atticus
              For the people who brag about paying off a mortgage in record time. As long as you have a decent to good rate, a mortgage is considered good debt.
              You're borrowing money, but you're getting a tax advantage and can write off the interest. Since its an asset that's appreciating over time. Much better off to use the funds you are paying off the mortgage with on other investments.
              Guys making what Shap does, do not get to deduct their mtge interest. The equation then becomes can you make more on the money after tax then the mtge rate. Harder to do.

              Comment

              • Theo
                HAL 9000
                • May 2001
                • 34515

                #57
                no loans, no CCs, no mortgages

                Comment

                • BAKO
                  Don’t be a short Imp
                  • Jul 2005
                  • 18483

                  #58
                  I paid everything this year no debts
                  Global Traffic Acquisition & Monetization
                  Telegram: @bakokaye

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                  • WiredGuy
                    Pounding Googlebot
                    • Aug 2002
                    • 34517

                    #59
                    100% debt free for both me and my business.
                    WG
                    I play with Google.

                    Comment

                    • BradShaw
                      Confirmed User
                      • Oct 2001
                      • 7840

                      #60
                      I have little "debt". But I have millions in mortages, etc while my other $ is working for me. Smart $.
                      Sig too big

                      http://www.gofuckyourself.com/gfy_faqs.html

                      Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

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                      • Doctor Dre
                        Too lazy to set a custom title
                        • Jan 2001
                        • 51692

                        #61
                        Your pool is kinda missleading. Had to read it twice
                        Originally posted by rayadp05
                        I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                        Comment

                        • teomaxxx
                          Confirmed User
                          • May 2003
                          • 2737

                          #62
                          around 100k USD loan. but its not a big problem for me, as i have invested it properly, and i am close to make a 200k back on this loan.

                          Comment

                          • $5 submissions
                            I help you SUCCEED
                            • Nov 2003
                            • 32189

                            #63
                            I have ZERO debt. I cleaned up all debt and tore up all credit cards (except 1 for online purchases) when I left for the Philippines in 2003. Why? Because I had around 80K gradschool/prof school debt after I graduated. It sucks having such a big nasty cloud hanging over you. So thanks to the adult webmaster biz, I started clearing out debt with those fat ARS checks.

                            Debt free, IMHO, is the way to go. That way you completely OWN all your assets. Of course, there are SOME GOOD REASONS to go into debt see: http://webmasterlabor.com/articles/credit.html Regardless, I like the freedom of having no debt. Unless I can buy something with cash, I consider it unaffordable.

                            Next step: Getting more insurance (life and health) as a way to protect assets.

                            Comment

                            • Odie
                              Confirmed User
                              • Apr 2003
                              • 7040

                              #64
                              no debts here, just saving as much and investing as much as Ican.

                              Rule #1 ALWAYS keep at least 6 months worth cash as a reserve for emergencies.
                              Odie
                              [email protected]
                              Are you Mobile????
                              MMACanada
                              ICQ # 166208354


                              See Who I Am At AdultWhosWho.com!

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                              • FreeHugeMovies
                                Too lazy to set a custom title
                                • Dec 2001
                                • 14142

                                #65
                                My car and my house are my only debts.

                                Comment

                                • DatingGold
                                  $6 PER EMAIL JOiN
                                  • Feb 2003
                                  • 13185

                                  #66
                                  Originally posted by Rochard
                                  In today's society you can purchase nearly anything with credit? Want to buy a car for $50k? No problem, get a loan.

                                  For the most part I don't do credit. I own two houses, one I rent, and one I live in. I have a motorcycle that's paid for, and a truck that I just paid off a few weeks ago (two years ahead of time), and I just purchased a car and own $10k on that (which will be paid off in two or three months).

                                  I also have an account with Kay Jewelers, but that's only because when I buy stuff for my wife I spend more than my ATM card allows me to spend in one day (which is $1k). This account is always paid off monthly.
                                  I never knew you were married.
                                  9 Years of SOLID payouts and conversions!



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                                  Comment

                                  • Bigfuck
                                    Confirmed User
                                    • Mar 2004
                                    • 4961

                                    #67
                                    No credit for me I dont like to loan money from banks
                                    unless it is realestate investing

                                    Comment

                                    • Peaches
                                      Old broad
                                      • Oct 2002
                                      • 13933

                                      #68
                                      Zero here. I have a mortgage and a leased car but I have the cash in the bank to pay both off - just using it to buy more RE instead. I have about 10+ credit cards for the rewards but they are PIF every month.

                                      Comment

                                      • beemk
                                        CLICK HERE
                                        • Jan 2002
                                        • 20829

                                        #69
                                        the only debt i have is my credit card which gets paid off once a month. i have a mortgage for about 65% of the house im moving into is worth, and i own my house im living in now and a rental house free and clear. my rule is if you cant afford to buy something cash, dont buy it... with the exception of investments.
                                        I host with Vacares

                                        Comment

                                        • biftek
                                          So Fucking Banned
                                          • Jan 2005
                                          • 1030

                                          #70
                                          have zero debt
                                          don't believe in credit , i believe that if i can't pay for it by cash then i don't want the item , i have a debit card linked to the visa network which only allows me to spend the cash that is in my bank account

                                          don't have a mortgage , renting works out to be much cheaper and money saved can be invested into other interests

                                          Comment

                                          • avalanche
                                            Confirmed User
                                            • Feb 2005
                                            • 1922

                                            #71
                                            Zero debt right now, but leveraging credit got me here. Bought houses, paid them off, bought more, now paid more off....it's a never ending cycle....Plus being out of debt completely is really unAmerican!
                                            Avalanche

                                            CherryPimps - Daily Pornstars, LIVE and more!

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                                            • Thurbs
                                              The Thrilla in Manila
                                              • Sep 2004
                                              • 4785

                                              #72
                                              debtfree baby .. had to sell my 4runner when I left school to pay off the balance, was worth drivin an old benz around for a couple months to be debt free. guess I owe Baauw for showing me the light and gettin me out to P.I.

                                              Comment

                                              • Monique Niccole
                                                Confirmed User
                                                • Nov 2002
                                                • 5653

                                                #73
                                                I have 5 figures in student loan debt. One credit card with 0 balance. But I am getting ready to buy a new car.

                                                Comment

                                                • Rochard
                                                  Jägermeister Test Pilot
                                                  • Dec 2001
                                                  • 75770

                                                  #74
                                                  Originally posted by DatingGold
                                                  I never knew you were married.
                                                  I've been married for seven years as of last weekend, been with her for thirteen years now. She comes to shows and all.

                                                  This is her on the right getting felt up in Mexico....

                                                  Herschel Savage
                                                  Brooklyn, NY

                                                  Comment

                                                  • betsy
                                                    Confirmed User
                                                    • Mar 2005
                                                    • 625

                                                    #75
                                                    cc's paid for, car paid for, but plenty of mortgage on the condo.

                                                    www.phoxglove.com
                                                    YIM: phoxgloveent ICQ: 237171474 AIM: phoxglove

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                                                    • High Plains Drifter
                                                      Confirmed User
                                                      • Jun 2005
                                                      • 2341

                                                      #76
                                                      I've got roughly $60k in debt and my goal is to make it to $100k by the end of the year. Debt is a good gauge for just how much fun I had that year. Its not literal debt since I've got a couple hundred K in savings, but it is sitting on a credit card.

                                                      *edit* Purposely flippant response... if I reach 100k debt by the end of the year, I'll probably consider chewing on the end of a double-barrel.
                                                      Last edited by High Plains Drifter; 07-31-2006, 05:01 PM.

                                                      Comment

                                                      • Quotealex
                                                        Confirmed User
                                                        • Sep 2001
                                                        • 6265

                                                        #77
                                                        The interest on my credit card is at 8%, 7% for my credit margin and 5.2% on my multiplex. Why would I want to pay it off when the interest are so low and I can make more money investing it elsewhere!

                                                        Comment

                                                        • High Plains Drifter
                                                          Confirmed User
                                                          • Jun 2005
                                                          • 2341

                                                          #78
                                                          I've also got another 8K on a credit card at 30%.... how smart is that?

                                                          Comment

                                                          • reynold
                                                            Too lazy to set a custom title
                                                            • Oct 2002
                                                            • 51271

                                                            #79
                                                            Zero debt here.

                                                            Comment

                                                            • huey
                                                              Confirmed User
                                                              • Apr 2003
                                                              • 3955

                                                              #80
                                                              Back in Black
                                                              opinions are like assholes.................


                                                              "They aren't after me, they are AFTER YOU! Im just in their way"
                                                              -D.J. Trump

                                                              Comment

                                                              • Thomas N
                                                                Confirmed User
                                                                • Aug 2001
                                                                • 973

                                                                #81
                                                                This is kind of like asking a bunch of guys how much they bench press. Most people here are going to say they have zero debt, and most of them are probably lying. lol

                                                                Comment

                                                                • Thomas N
                                                                  Confirmed User
                                                                  • Aug 2001
                                                                  • 973

                                                                  #82
                                                                  Originally posted by slapass
                                                                  Guys making what Shap does, do not get to deduct their mtge interest. The equation then becomes can you make more on the money after tax then the mtge rate. Harder to do.
                                                                  That's wild speculation at best. Guys "making what Shap does" may well use corporate structures and keep their personal incomes at a level that allows maximum deductions, tax-sheltered retirement savings, and other benefits.

                                                                  Comment

                                                                  • Quotealex
                                                                    Confirmed User
                                                                    • Sep 2001
                                                                    • 6265

                                                                    #83
                                                                    Originally posted by High Plains Drifter
                                                                    I've also got another 8K on a credit card at 30%.... how smart is that?
                                                                    Wow, they let them charge that much? I think the maximum here is 18% for people with a bad history credit.

                                                                    Comment

                                                                    • SomeCreep
                                                                      :glugglug
                                                                      • Mar 2003
                                                                      • 26118

                                                                      #84
                                                                      There shouldnt even be such a thing as "credit cards", only "debit cards." Other than for investing, spending money one does not have is just plain stupid.

                                                                      Webair Hosting

                                                                      I use and recommend Webair for hosting.

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                                                                      • madawgz
                                                                        8.8.8.8
                                                                        • Mar 2006
                                                                        • 30509

                                                                        #85
                                                                        i like to spend beyond my means

                                                                        but i dont have much debt
                                                                        TAEMDLRMSKRJIXMRLSMRJ.

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                                                                        • Bike
                                                                          Confirmed User
                                                                          • Jul 2004
                                                                          • 1363

                                                                          #86
                                                                          no debts at all

                                                                          paid all my cars by myself, no loans
                                                                          paid all plasmas, a/v stuff etc by myself, no loans at all

                                                                          only a small mortgage but could easily pay that off right now

                                                                          Comment

                                                                          • Sveindt Beindt
                                                                            Confirmed User
                                                                            • Mar 2005
                                                                            • 1853

                                                                            #87
                                                                            My Credit Cards and everything I own are 100% paid for.

                                                                            Nylonfeet Bondage
                                                                            Vintage Magazine
                                                                            Pinup Teen

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                                                                            • free4porn
                                                                              Confirmed User
                                                                              • Jun 2005
                                                                              • 4654

                                                                              #88
                                                                              only student loan
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