50.........

I have no debt at all

I have roughly $10k in debt not counting the $17k I owe the government for taxes.

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.

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

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.

no loans, no CCs, no mortgages

I paid everything this year :) no debts

100% debt free for both me and my business.
WG

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

Your pool is kinda missleading. Had to read it twice

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.

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.

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.

My car and my house are my only debts.

I never knew you were married.

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

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.

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.

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

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!

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.

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

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....

http://www.rochardsbunnyranch.com/pictures/032/034.jpg

cc's paid for, car paid for, but plenty of mortgage on the condo. :)

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.

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!

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

Zero debt here. :winkwink:

Back in Black

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

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.

Wow, they let them charge that much? I think the maximum here is 18% for people with a bad history credit.

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.

i like to spend beyond my means :thumbsup

but i dont have much debt

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

:1orglaugh :1orglaugh My Credit Cards and everything I own are 100% paid for. :thumbsup

only student loan