The "I Have no Debt" thread

Discussion in 'Economy' started by PLYMCO_PILGRIM, Aug 11, 2010.

?

My Debt Level Is

  1. Zero Debt

    14 vote(s)
    66.7%
  2. Zero Debt except for my home mortgage

    2 vote(s)
    9.5%
  3. under $10,000 in debt

    2 vote(s)
    9.5%
  4. over $10,000 in debt

    3 vote(s)
    14.3%
  1. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I'm curious as to how many of us here on the USMB dont have any debt whatsoever.

    I paid my debts off years ago and refuse to go into debt for anything. I have an emergency savings and a retirement savings account.

    Getting to the point where I had no debt was very difficult for me and involved years of sacrificing fun and spending on fun stuff.

    What about you guys?

    I put up a poll in case you dont want to state your situation publicly.
     
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  2. strollingbones
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    strollingbones Diamond Member

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    i dont owe for the house or vehicles....i carry about 6,500 in debt right now and want to get shed of that
     
  3. jillian
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    jillian Princess Supporting Member

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    zero debt except for car payments and car lease.
     
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  4. Luissa
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    Luissa Annoying Customer Supporting Member

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    I am paying off my car, and I owe college loans. I also owe about $3000 on a porch. :D
     
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  5. Toro
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    Toro Diamond Member

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    I'm going to refinance my mortgage. I took out a HELOC to partially fund a purchase property last year because rates were so cheap. I have a bit of credit card debt but I can pay it off whenever I want.

    If the government is going to give me free money, I'm taking it.
     
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  6. Natsumi
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    Natsumi Member

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    I was lucky enough to have my grandparents by my side, as they paid for my college and my arrival to the U.S. I have about 5,200 in debt from the remaining balance to pay off my car..other than that..that's all I owe.
     
  7. topspin
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    topspin BANNED

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    25000 on two cars 175000 on the house. Have that covered 5 fold with high quality stocks. In this shitty market I may sell and pay off the house.
     
  8. william the wie
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    william the wie Gold Member

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    No debts since 1992.
     
  9. Baruch Menachem
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    Baruch Menachem '

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    zero debt to go along with zero income
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    Mortgages on the residence and an investment property but that's it for debt.
    Of late I've been struggling to not give in to the temptation to buy a new car. Must... not....
     

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