Pouria Posted September 6, 2012 Share Posted September 6, 2012 Zero. Own my condo. No student loans. No car payment. Actually saved up a nice chunk of money already. I don't understand debt other than mortgages. The woman in the OP's post says she has XXXXX amount of debt and then in the next sentence talks about Christmas being crazy and having 5 kids. if you have 5 kids, spend money like an idiot on Christams and have a low income; you deserve to be in debt. You're an idiot. Everybody just wants to live over there means. Same with the idiots I hear complaining about living costs in DT Vancouver being to high for the average Joe. Hello! The rent didn't jump overnight. It's been trending upwards for like a decade. If you wanted to live in a 3000 dollar a month condo and have a nice car you should have went to school and got an education/job that allows you to live DT. I don't want to hear about some idiot who got his grade 11, ended up being a security guard bitching about not being able to live DT. you aren't allowed. That's life. It comes down to people not living in reality and understanding the world they live in. Be more cautious of your situation. no education and barely making payments? Don't have kids. If you can't afford it - Don't buy/spend it. if you want it, work for it and buy it. It's a fairly simple idea. Cliffs: Hate poor people. Link to comment Share on other sites More sharing options...
I♥Wellwood Posted September 6, 2012 Share Posted September 6, 2012 Zero. Own my condo. No student loans. No car payment. Actually saved up a nice chunk of money already. I don't understand debt other than mortgages. The woman in the OP's post says she has XXXXX amount of debt and then in the next sentence talks about Christmas being crazy and having 5 kids. if you have 5 kids, spend money like an idiot on Christams and have a low income; you deserve to be in debt. You're an idiot. Everybody just wants to live over there means. Same with the idiots I hear complaining about living costs in DT Vancouver being to high for the average Joe. Hello! The rent didn't jump overnight. It's been trending upwards for like a decade. If you wanted to live in a 3000 dollar a month condo and have a nice car you should have went to school and got an education/job that allows you to live DT. I don't want to hear about some idiot who got his grade 11, ended up being a security guard bitching about not being able to live DT. you aren't allowed. That's life. It comes down to people not living in reality and understanding the world they live in. Be more cautious of your situation. no education and barely making payments? Don't have kids. If you can't afford it - Don't buy/spend it. if you want it, work for it and buy it. It's a fairly simple idea. Cliffs: Hate poor people. Link to comment Share on other sites More sharing options...
The Hornet Posted September 6, 2012 Share Posted September 6, 2012 I'm 22, live at home, have a university education, own my car and have a full time job. The goal is to have enough money saved up so I can buy a little house when I'm 24 or 25. I have no Debt, and never plan on having any. Link to comment Share on other sites More sharing options...
Tom-The-Great Posted September 6, 2012 Share Posted September 6, 2012 Wife and I just recently paid off all our debt completely.. we were about 25k in at the worst.. we're pretty much at 0 right now, planing on saving up for a bit and inversting or buying a house or both Link to comment Share on other sites More sharing options...
nuckin_futz Posted September 6, 2012 Share Posted September 6, 2012 Cliffs: Hate poor people. Link to comment Share on other sites More sharing options...
Donky Posted September 6, 2012 Share Posted September 6, 2012 While I have pretty much zero equity in my home I also have zero credit card debt or other such debt payments due. However that will soon change as I am taking 5 month parental leave, so I will no doubt accumulate about 10 grand in debt. I'm not too worried about it though as I consider the time with my family as a life investment. Link to comment Share on other sites More sharing options...
Mainly Mattias Posted September 6, 2012 Author Share Posted September 6, 2012 morgage, or school? Link to comment Share on other sites More sharing options...
SkeeterHansen Posted September 6, 2012 Share Posted September 6, 2012 I find this entire statement reeking of ignorance and arrogance. Not everyone has the good fortune of "choosing" their situation. Critical illness in a family can turn things upside down and it sounds like you've been blessed with some good luck along the way and it isn't just that you are so much smarter than the rest. We all have our own stories - personally, I had my kids before things exploded here and was looking forward to a modest lifestyle...don't particularly care about material things beyond the basics. Was in a bad situation that I got out of and then both parents got very ill - one, terminally. So a lot of my focus was on taking care of those around me ...now, I was able to stay afloat without going into debt beyond my mortgage, but everyone's situation is different. Perhaps others have endured some hardship that you simply haven't had to overcome? Doesn't mean you're any smarter/better, yet you speak like you are. And people who study for a career aren't guaranteed a free pass either...."should have went to high school?". I did - graduated, then my life started falling apart due to circumstances beyond my control which is the hand that others may have been dealt. You run with it and make the best life you can. I grew up here - born and raised, and no one could see how things would spiral out of control unless they had a crystal ball...as you say, things didn't happen over night and when it's a gradual rise in prices, people expect for things to level off but they didn't...they kept climbing to ridiculous highs. So in hindsight you can call it "reality" but reality is that some of us wanted to keep this as "home" but it's been increasingly more difficult to do so. It isn't a matter of choosing an expensive place to live for some of us...it's home and now it's incredibly hard to maintain as such. Sure, the woman with 5 kids is silly and sounds to be living irresponsibly beyond her means, but you talk about "idiots" like you're somehow better than others because you've listed off your "I have's". I'd choose to sit with the friendly, humble homeless guy on the street before I would a rich, pretentious clown who thinks he's better than everyone else. People with a holier than thou attitude aren't really as rich as they think and should remember that saying about assumptions. Honestly, this should be renamed how big is your....ego. Link to comment Share on other sites More sharing options...
Armada Posted September 6, 2012 Share Posted September 6, 2012 Hate rich idiots like you who like to show off and look down on the poor people. I see rich people here complaining about the high living cost of Vancouver yet you are the only one satisfied with the current cost of living. Your money is as big as your ego. Link to comment Share on other sites More sharing options...
BabychStache Posted September 6, 2012 Share Posted September 6, 2012 Between my company (I own 50%) and my home I'm roughly $500k in debt. Looking to increase that too $700k ASAP. Probably $1M before I'm 30. I sleep like a baby. Everyone's situation is different. My debt is related to my corp growth. Introducing new technology along with rapid growth without losing equity = debt for industrial businesses. However my income reflects it. Debt servicing is not a problem and equity in assets is growing fast as well as profits. I will always use credit as a tool. Link to comment Share on other sites More sharing options...
SukhKular Posted September 6, 2012 Share Posted September 6, 2012 Ya no... Sure I don't agree with his statement regarding "hatred" towards poor people but he's smart with his money and because he is smart he's not in debt. Maybe if the people struggling or perhaps yourself were more educated with how you spend you guys wouldn't be in such a troubling situation. Don't blame others for your misfortunes, you decide your fate and future. Link to comment Share on other sites More sharing options...
-DLC- Posted September 6, 2012 Share Posted September 6, 2012 Ya no... Sure I don't agree with his statement regarding "hatred" towards poor people but he's smart with his money and because he is smart he's not in debt. Maybe if the people struggling or perhaps yourself were more educated with how you spend you guys wouldn't be in such a troubling situation. Don't blame others for your misfortunes, you decide your fate and future. How do you know he's "smart with his money" and doesn't simply have rich family who have helped him? He didn't tell HOW he came about those things, but you're assuming that he's smart and it could simply be that he's been luckier than others. People don't decide to have cancer, brain aneurysms and strokes, so you're wrong. And these types of things can have HUGE consequences as they impact the ability to devote to a "career" (or even do a job in some cases) and require a family to pitch in and help. Link to comment Share on other sites More sharing options...
inane Posted September 6, 2012 Share Posted September 6, 2012 I have maybe 1k on my credit card thanks to a trip to Europe... I have a mortgage but my payment is low, it's all very comfortable. My interest rate could double and I'd be fine. Link to comment Share on other sites More sharing options...
hockeyfan87 Posted September 6, 2012 Share Posted September 6, 2012 Agree with everything you said... But he's probably not in debt because he still lives with his parents and they pay for everything. Not that it matters. Even if you're great with money, you can still be in debt. Doesn't mean you're poor. Even if you make great money and can afford to live downtown, that doesn't mean living downtown isn't a complete rip-off. I would never live downtown because of several reasons. 1. Rent/Price is too high. 2. Parking sucks. 3. Not enough space. You'll never catch me wishing downtown rent was lower because I still wouldn't move there. I'd rather spend the money to live in the suburbs, have a yard where my daughter can play and plenty of parking for free. I guess I must be one of the "poor" people VoiceOfReason_ hates. Link to comment Share on other sites More sharing options...
Armada Posted September 6, 2012 Share Posted September 6, 2012 Agree with everything you said... But he's probably not in debt because he still lives with his parents and they pay for everything. Not that it matters. Even if you're great with money, you can still be in debt. Doesn't mean you're poor. Even if you make great money and can afford to live downtown, that doesn't mean living downtown isn't a complete rip-off. I would never live downtown because of several reasons. 1. Rent/Price is too high. 2. Parking sucks. 3. Not enough space. You'll never catch me wishing downtown rent was lower because I still wouldn't move there. I'd rather spend the money to live in the suburbs, have a yard where my daughter can play and plenty of parking for free. I guess I must be one of the "poor" people VoiceOfReason_ hates. Link to comment Share on other sites More sharing options...
Bang Bang Boogie Posted September 6, 2012 Share Posted September 6, 2012 Zero. I went to school, got my degree and have a well paying full time job. I fully paid for my own car and pay for everything. I live with my parents but they don't pay for me. In fact, I pay for groceries, food and living expenses from time to time. Link to comment Share on other sites More sharing options...
Mase_Raymond_21 Posted September 6, 2012 Share Posted September 6, 2012 was everyone thinking what i was thinking when i saw the title... Link to comment Share on other sites More sharing options...
KFBR392 Posted September 6, 2012 Share Posted September 6, 2012 was everyone thinking what i was thinking when i saw the title... Link to comment Share on other sites More sharing options...
Bang Bang Boogie Posted September 6, 2012 Share Posted September 6, 2012 was everyone thinking what i was thinking when i saw the title... Link to comment Share on other sites More sharing options...
SterlingArcher Posted September 7, 2012 Share Posted September 7, 2012 Was about 700, until now take that school fees! Link to comment Share on other sites More sharing options...
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