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-   -   Financial Thread... How many of you have zero debt? (https://gfy.com/showthread.php?t=639540)

Thomas N 07-31-2006 07:29 PM

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

Thomas N 07-31-2006 07:38 PM

Quote:

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.

Quotealex 08-01-2006 04:01 AM

Quote:

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.

SomeCreep 08-01-2006 04:10 AM

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.

madawgz 08-01-2006 04:19 AM

i like to spend beyond my means :thumbsup

but i dont have much debt

Bike 08-01-2006 04:25 AM

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

Sveindt Beindt 08-01-2006 04:42 AM

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

free4porn 08-01-2006 05:12 AM

only student loan


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