لني Posted September 5, 2012 Share Posted September 5, 2012 I used a house as an example of a good investment. All I know is with the way the economy has gone since I've been old enough to pay attention, a house is a good investment. I haven't read the studies you've read so obviously I can't really debate it with you. I'll read up on it for sure, though. Link to comment Share on other sites More sharing options...
shawn antoski Posted September 5, 2012 Share Posted September 5, 2012 .. Link to comment Share on other sites More sharing options...
shawn antoski Posted September 5, 2012 Share Posted September 5, 2012 zero debt -never got a credit card -started earning and saving when I was 15 -left the province to go where the best opportunities were (after 94 playoff defeat) -never buy a brand new car,and never lease.... just get one thats a year old from the states(so cheap compared to here) I have never lost any money on a car ever in my life(owned about 10), I actually end up making a profit sometimes if i sell the car after a year or so -real estate is your friend -not here in Vancouver anymore but go to Saskatchewan that place is booming like Alberta Link to comment Share on other sites More sharing options...
Ryanstorm Posted September 5, 2012 Share Posted September 5, 2012 I got debt and it keeps rising with interest. I hate it. Link to comment Share on other sites More sharing options...
hockeyfan87 Posted September 5, 2012 Share Posted September 5, 2012 Half a million. It sounds preposterous but it doesn't keep me up at night. I think this thread shows that CDC isn't very representative of Canadians at all. People who have kids, ambition, and other responsibilities tend to incur debt one way or another. They are also people who can't afford the luxury to spend time cruising online forums like us. I think Debb's post was spot on. Link to comment Share on other sites More sharing options...
goneforever Posted September 5, 2012 Share Posted September 5, 2012 Ha, you made me look! Link to comment Share on other sites More sharing options...
Totes McGoats Posted September 5, 2012 Share Posted September 5, 2012 I have about 20k of unsecured debt. Thanks wife! Link to comment Share on other sites More sharing options...
لني Posted September 5, 2012 Share Posted September 5, 2012 Half a million. It sounds preposterous but it doesn't keep me up at night. I think this thread shows that CDC isn't very representative of Canadians at all. People who have kids, ambition, and other responsibilities tend to incur debt one way or another. They are also people who can't afford the luxury to spend time cruising online forums like us. I think Debb's post was spot on. Link to comment Share on other sites More sharing options...
hockeyfan87 Posted September 5, 2012 Share Posted September 5, 2012 And there are those without debt who are ambitious and responsible. In fact the most ambitious and responsible are the ones that put there saving into investment in their teen years and were able to buy houses etc without incurring debt. Link to comment Share on other sites More sharing options...
D-Money Posted September 5, 2012 Share Posted September 5, 2012 And there are those without debt who are ambitious and responsible. In fact the most ambitious and responsible are the ones that put there saving into investment in their teen years and were able to buy houses etc without incurring debt. Link to comment Share on other sites More sharing options...
Froggy Fresh Posted September 5, 2012 Share Posted September 5, 2012 I owe my mom $10 Link to comment Share on other sites More sharing options...
Danthecanucksfan Posted September 5, 2012 Share Posted September 5, 2012 Zero. And with the type of person I am, I'm unlikely to go into debt, I like living knowing that I am secure and stable. No Offence to any of you who do have debt, Im sure you have your reasons. Link to comment Share on other sites More sharing options...
Grapefruits Posted September 5, 2012 Share Posted September 5, 2012 Then you still have debt. Equity on paper is not realized until its sold. So if your house is worth $500,000 40% mortgage is $200,000 debt. Link to comment Share on other sites More sharing options...
Dragonfruits Posted September 5, 2012 Share Posted September 5, 2012 no debt as of now paid everything off with my video game collection and up 75 dollars but unemployed living off ei and soon cpp disability hopefully Link to comment Share on other sites More sharing options...
Remy Posted September 6, 2012 Share Posted September 6, 2012 Just upwards of 30k, all student debt. Working two jobs, but life is bloody expensive so I'm able to tread water, but not much else. And yes, I often have stress/anxiety and trouble sleeping because of it. The person from the article certainly does not represent me or my situation. I will not dig a hole because of Christmas and vehicles for other people, that seems absurd. I did invest in an education and, as a recent graduate, I just have to remind myself that it's a long-term plan. Link to comment Share on other sites More sharing options...
Venom52 Posted September 6, 2012 Share Posted September 6, 2012 I've never been in debt. Always had enough money saved up to pay for my car, truck, and rent money on time. Link to comment Share on other sites More sharing options...
CIA Posted September 6, 2012 Share Posted September 6, 2012 about 285k including mortgage, credit line, cc, student loans. dammn.. and for sure i stress about it. that's a lot of frickin money. Link to comment Share on other sites More sharing options...
sixwings Posted September 6, 2012 Share Posted September 6, 2012 My Personal debt is only my mortgage @ $82,000no CC debt or car payments. I owe about $23k on my business which 1/2 of will be paid off by end of next year. I have about $40k in savings in RRSP's and savings account most in RRSP's Link to comment Share on other sites More sharing options...
لني Posted September 6, 2012 Share Posted September 6, 2012 I used the word "tend" to preface the fact that what I said didn't necessarily apply to everyone while you instead chose to make a generalization. The world isn't black and white, there are a lot of gray areas. Link to comment Share on other sites More sharing options...
لني Posted September 6, 2012 Share Posted September 6, 2012 So, you're saying that a teen who put efforts into charities and volunteering wasn't the most ambitious? Or one who cared for a sick/debilitated family member, or helped with siblings due to such circumstances, was not the most responsible? Or one that put in the hard work, effort, and huge tuitions to complete their doctorate and be a neurosurgeon, wasn't the most ambitious or responsible because he had to incur debt to complete it? ...I have a brother-in-law who is insanely ambitious and responsible. He has been working his butt off since a teenager, hoping to be in a position to retire comfortably (multi-millionaire) by the age of 45. At times, his ventures incurred a lot of debt. He almost had to declare bankruptcy twice. But here he is, not even 40 yet, and well ahead of schedule. So, trying to pigeon-hole a person as ambitious or successful based on debt level is pretty short-sighted. In fact, I would think the MOST ambitious people would be taking advantage of record-low interest rates to maximize their success. Link to comment Share on other sites More sharing options...
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