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Zero Debt Club
Topic Started: 8 Aug 2017, 08:39 PM (2,098 Views)
Foxy
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Zero is coming...

I have debt.

I would love to have none.

What are peoples thoughts.???

How much extra money would you have per week, per month, per year if you did not have debt??

I would probably have $100,000 extra plus principal payments, so $180,000 per year?

In after tax dollars, $90,000??

I could do a lot with that...

I would have to sell some assets, or continue paying off debt at this rate for 20 years....

To be debt free.

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Rufus
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Foxy
8 Aug 2017, 08:39 PM
I have debt.

I would love to have none.

What are peoples thoughts.???

How much extra money would you have per week, per month, per year if you did not have debt??

I would probably have $100,000 extra plus principal payments, so $180,000 per year?

In after tax dollars, $90,000??

I could do a lot with that...

I would have to sell some assets, or continue paying off debt at this rate for 20 years....

To be debt free.

You're up to your neck in it, aren't you.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rat
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Filthy Rodent

I've been debt free for a month or so, but I don't like it. I'll be loading up again very soon. Many opportunities are revealing themselves.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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conork
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Debt isn't good, debt isn't bad, it's just a thing, you just need to be able to manage it correctly.
The better at managing it, the wealthier you'll be.
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Foxy
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Zero is coming...

Rufus
8 Aug 2017, 08:54 PM
You're up to your neck in it, aren't you.
Not really, it is still a small percentage over all.

But it is lost spending power, and the larger question for me is, has the debt growth peaked?


conork
8 Aug 2017, 09:00 PM
Debt isn't good, debt isn't bad, it's just a thing, you just need to be able to manage it correctly.
The better at managing it, the wealthier you'll be.
Maybe....

We know Matthew is debt free.

Who else?
Edited by Foxy, 8 Aug 2017, 09:16 PM.
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herbie
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Foxy
8 Aug 2017, 09:15 PM
We know Matthew is debt free.

Who else?
:)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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stinkbug
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conork
8 Aug 2017, 09:00 PM
Debt isn't good, debt isn't bad, it's just a thing, you just need to be able to manage it correctly.
The better at managing it, the wealthier you'll be.
Spot on. Being afraid of debt is like being afraid of a power tool. Know how to use it safely and you'll get things done much more quickly and effectively.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Rufus
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Foxy
8 Aug 2017, 09:15 PM
Not really, it is still a small percentage over all.

But it is lost spending power, and the larger question for me is, has the debt growth peaked?
Mate if you weren't up to your neck in it you wouldn't bang on about it every day.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

herbie
8 Aug 2017, 09:19 PM
:)
Well done Herb... :tu:
Rufus
8 Aug 2017, 09:22 PM
Mate if you weren't up to your neck in it you wouldn't bang on about it every day.
The debt has carried the market up.

What if people just said, NO to debt???
Rat
8 Aug 2017, 08:59 PM
I've been debt free for a month or so, but I don't like it. I'll be loading up again very soon. Many opportunities are revealing themselves.
Where are you looking??
Edited by Foxy, 8 Aug 2017, 09:25 PM.
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herbie
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Foxy
8 Aug 2017, 09:23 PM
Well done Herb
I never had any brains when it came ta debt. (So just avoided it - By and large basically.)

But maybes tha youngs do a bit more than I did? So Yeah sure, I funds 'em in their endeavours these days.

Tho just might prefer they weren't smart mouth pricks like me wot periodically mention their 'plans' ta bolt ta addresses in Myanmar unknown (or other such places) wif tha loot ... :)

F***, who'd have family? - Right pack of annoying pricks! ... LOL
Edited by herbie, 8 Aug 2017, 11:24 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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