Quote:
Originally posted by Ruprex
I guess it all depends on what you call debt. Most people carry a 100k plus debt on their home. As far as credit card debt goes, I have none. I do however have a 20k debt to a bank for the neato doodad truck I bought a few months ago. But even at the 4.25% low APR I have on it, it'll be paid off in less then a year.
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yes but HOUSE DEBT and CAR DEBT both are tangible liabilities attached to tangible assets.
Most people with credit card debt, have shit out the food they ate, finished the video game they bought, stopped wearing the clothes they bought because they aren't in fashion anymore, pissed out all the beer and drinks, or don't date the girl that they took on vacation.
I think you get where I'm going with this... It's one of the reasons that I don't believe in using credit cards for the sake of "stretching my lifestyle"