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How many of you have debt?

Discussion in 'General Chat' started by olddocks, Apr 8, 2010.

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  1. #1
    Is it possible to live without getting into a debt or loan?

    i have read somewhere that men starting from age off 30's are of immense pressure in getting into debt such as taking a loan to buy a apt or home etc..

    do you think that debt free life is a happy life?
    how many live a debt free life here?
     
    olddocks, Apr 8, 2010 IP
  2. mvch

    mvch Member

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    #2
    I don't think anyone here without any debt.. if it is. he must be the son of the richest man in his country.

    we loan money to be happy, then debt make us unhappy..
     
    mvch, Apr 8, 2010 IP
  3. ntw

    ntw Peon

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    #3
    I have #100.000 loan, it makes me unhappy every time I get my salary..
     
    ntw, Apr 8, 2010 IP
  4. scweb

    scweb Active Member

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    #4
    I've lived with minimal debt over the years, $5,000 being the most
     
    scweb, Apr 8, 2010 IP
  5. Dmoney

    Dmoney Peon

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    #5
    You can live without debt.. but society, at least in the US, you need to have experience with credit/debt in order to buy anything of real value. If you never use credit cards, take out loans, etc. you credit score will be terrible, and getting a loan for a house will be difficult.

    Not all debt is bad either. If you take out a loan to buy a car, or some other item that will quickly depreciate in value is an example of bad debt. Using debt to purchase an asset, something that will generate income for you or will appreciate in value is a good thing, and is the key to wealth.
     
    Dmoney, Apr 8, 2010 IP
  6. timwrick2010

    timwrick2010 Peon

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    #6
    I guess it depends on where you live. Cost of living in different location matters.


    ___________
     
    timwrick2010, Apr 8, 2010 IP
  7. srhsrh

    srhsrh Guest

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    #7
    Since i have found good source of earning money online no debts!
     
    srhsrh, Apr 9, 2010 IP
  8. camellia

    camellia Peon

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    #8
    I don't have any debt :)
     
    camellia, Apr 9, 2010 IP
  9. ajshep1984

    ajshep1984 Peon

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    #9
    I have a bit of debt, I'd definately be happier without it. ;)
     
    ajshep1984, Apr 9, 2010 IP
  10. Nick_Mayhem

    Nick_Mayhem Notable Member

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    #10
    No debt. Because I only play with whatever finance I have. No big jumps ahead of my time.
     
    Nick_Mayhem, Apr 9, 2010 IP
  11. Kerosene

    Kerosene Alpha & Omega™ Staff

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    #11
    I don't even have a credit card (only a VISA debit card).
    I have no credit history. I've never had a bank loan, probably couldn't get one, and hopefully will never need one.
     
    Kerosene, Apr 9, 2010 IP
  12. glenlee108

    glenlee108 Guest

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    #12
    I don't have any debt,
     
    glenlee108, Apr 9, 2010 IP
  13. Spendelow

    Spendelow Peon

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    #13
    No debt here at the moment.
     
    Spendelow, Apr 9, 2010 IP
  14. olddocks

    olddocks Notable Member

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    #14
    i feel debt is a necessary evil. i stay away from debts because it really restricts your freedom and all these years i never went for a loan. Right now i am saving money to buy home with ready cash. i think this will happen only after 5 yrs.
     
    olddocks, Apr 9, 2010 IP
  15. details_

    details_ Active Member

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    #15
    If you live within your means and don't go buying anything you can't afford (aka, take out a loan) then it is very possible to live without debt.

    I only buy something if I have 100% of the money needed, if I don't have any money, I don't buy anything :D

    It's simple really
     
    details_, Apr 9, 2010 IP
  16. Comrade

    Comrade Peon

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    #16
    im only 18 and i already have student debts, which is why im interested in making fast money on the internet :p
     
    Comrade, Apr 9, 2010 IP
  17. clbyodo

    clbyodo Peon

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    #17
    I also dont have debt.
     
    clbyodo, Apr 10, 2010 IP
  18. songip

    songip Peon

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    #18
    about $6,000
     
    songip, Apr 10, 2010 IP
  19. -flip-

    -flip- Peon

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    #19
    I don't have any debt. But I am also still young, in college. Debt is not always a bad thing, if you took a loan for a good and safe investment that you know you will profit from, then you shouldn't have to worry about it.
     
    -flip-, Apr 10, 2010 IP
  20. hammyparmar

    hammyparmar Peon

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    #20
    I don't have any till.
     
    hammyparmar, Apr 11, 2010 IP
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