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| View Poll Results: How much? | |||
| 0-5k |
   
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20 | 27.03% |
| 5k-10k |
  
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10 | 13.51% |
| 10k-20k |
  
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11 | 14.86% |
| 20k-30k |
  
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11 | 14.86% |
| 30k-50k |
  
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12 | 16.22% |
| 50k-75k |
  
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5 | 6.76% |
| 75k-100k |
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1 | 1.35% |
| 100k-150k |
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3 | 4.05% |
| 150k+ |
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1 | 1.35% |
| Voters: 74. You may not vote on this poll | |||
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11-30-2009, 01:58 PM
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#1 |
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Trailer Queen
Join Date: May 2009
Location: Tolland,CT
Moto: 01 zx6r streetfighter, 08 1125R
Posts: 49
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How deep in debt are you!?
Lots of postings on various sites show everyone has the best of the best a lot of the time. Living beyond your means has become a regular thing for a lot of people I know... losing their job seems like the end of the world if it were to happen.
So... just curious. Include student loans, vehicles, credit cards, medical bills... i would rather you not include your mortgage though since that debt typically builds equity and what not. |
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11-30-2009, 02:00 PM
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#2 |
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................
Join Date: Nov 2008
Location: NC
Posts: 3,028
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Own all vehicles except exploder: +/-$9000 loan
2 mortgages No other outstanding debt
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“Being tolerant does not mean that I share another one’s belief. But it does mean that I acknowledge another one’s right to believe, and obey, his own conscience.” Viktor Frankl |
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11-30-2009, 02:18 PM
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#3 | |
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RIP REX
 
Join Date: Feb 2008
Location: Murfreesboro, TN
Moto: 2008 1125R
Posts: 7,467
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student loans is near 60k.... yikes!!
other debt is <3k total not bad considering im still in grad school, own a new buell and my jeep isnt half bad
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 Venom R1-016 Squadron Quote:
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11-30-2009, 02:01 PM
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#4 | |
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Follower
Join Date: Nov 2008
Posts: 5,549
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Quote:
That last section is debatable. Between my wife and I, we (I) owe approx. $9k on my truck.
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Racing For Smiles |
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11-30-2009, 02:03 PM
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#5 | |
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Trailer Queen
Join Date: May 2009
Location: Tolland,CT
Moto: 01 zx6r streetfighter, 08 1125R
Posts: 49
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Quote:
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11-30-2009, 02:35 PM
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#6 | |
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Kneedragger
Join Date: Jun 2009
Location: PDX
Posts: 170
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Quote:
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11-30-2009, 02:43 PM
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#7 |
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Moto GP Star
Join Date: Nov 2008
Posts: 11,022
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Aside from the mortgage were not too bad.
I owe about5k in student loans (will prolly pay that off in a year) I have around 6k on the buell (hopefully the same on paying that off) then on my regular cc and 2 store cards I have around 1300 but thats with a few zero interest deals with sears and lowed and will have them knocked out soon. Most of that is just from needing stuff for the new house so I can justify it at least. |
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11-30-2009, 02:06 PM
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#8 |
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Moto GP Star
Join Date: Feb 2008
Posts: 12,156
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The amount of debt is relative to:
A)The amount of credit you have vs the amount of credit you use B)Your income. I know people that have over $100K in car loans. They also make over $250K/year. There are also people that have a $10K car loan that are making under 20k/year. The amount of debt is not important. The important number is your income to debt ratio. |
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11-30-2009, 02:13 PM
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#9 | |
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Follower
Join Date: Nov 2008
Posts: 5,549
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Quote:
A better indicator is debt to asset ratio. I know quite a few people that were making big money ($500k+) during the "boom days" of real estate. They could easily afford the fancy cars, boats and houses they had.... ...until they were out of a job.
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11-30-2009, 02:07 PM
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#10 |
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Kneedragger
Join Date: Nov 2008
Location: Houston
Moto: Gladius
Posts: 179
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not fair, my student loans screw me in this poll, otherwise it'd be pretty decent. LOL
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