Comments on: Debt Destiny?

By: LAL

LAL — Wed, 22 Oct 2008 19:59:12 +0000

Definitely people are better off if they properly leverage their debt. Or else we’d all not be able to own homes! Cash only doesn’t seem realistic.

By: Slinky

Slinky — Wed, 22 Oct 2008 17:26:19 +0000

Student loans, auto loans, and credit card can all be good or bad. It all depends on how you use it, whether you only make minimum payments, what you get out of leveraging the debt, etc.

My student loans totaled at about a third of my post graduation salary. Seems like a good investment to me. I make at least the amount of money I spent on the loans back in the first year, and then every working year after that is profit. They’re not always good though, especially for drop outs. People who go into low paying jobs after college don’t get much benefit from them either.

I do have a car loan, which I’ll readily admit is one of my luxuries, but since it’s not driving me to use the evil credit cards yet, I guess I’m ok.

By: Weekly Carnivals and Roundup | LivingAlmostLarge

Weekly Carnivals and Roundup | LivingAlmostLarge — Fri, 17 Oct 2008 16:02:07 +0000

[...] 34th Money Hacks Carnival, Editor’s Choice – “Debt Destiny“ [...]

By: Money Hacks Carnival #34 at Where You Are Now | Money Hackers Network

Money Hacks Carnival #34 at Where You Are Now | Money Hackers Network — Fri, 17 Oct 2008 00:33:43 +0000

[...] presents Debt Destiny? posted at [...]

By: 34th Money Hacks Carnival - Fall Into Savings | Where You Are Now

34th Money Hacks Carnival - Fall Into Savings | Where You Are Now — Wed, 15 Oct 2008 13:01:18 +0000

[...] presents Debt Destiny? posted at [...]

By: LAL

LAL — Sun, 05 Oct 2008 18:36:27 +0000

Interesting about auto dealerships. I can’t stand car shopping but I have to admit it seems like everyone I know is getting a new car. Now is the time for deals if you have the money.

By: Kristy

Kristy — Sun, 05 Oct 2008 10:06:58 +0000

I think the lending standards are changing, people are going to have a difficult time getting credit unless they have good credit scores. I also think that this economy is affecting some people. I just read the other day that 1 in 6 auto dealerships are closing. This means that people are not buying cars every 2-3 years. This also means that credit is not being extended to some people as well. I hope that we Americans can get our act together and stop spending so freely. We need to think about our purchases and if we can afford them.

By: dogatemyfinances

dogatemyfinances — Sat, 04 Oct 2008 13:39:36 +0000

“My husband and I might use a credit card to buy electronics or expensive home supplies like paint or tools, though only when we have the cash to pay the bill immediately.”

HAHAHA, where immediately means five protracted years while buying TWO houses you can’t afford.

This seems like a justification for all her awful decisions.