How much debt do you have?

I have roughly $100,000 dollars of debt as do we all thanks to reckless spending policies by the woke government like paying for luxury housing for illegal aliens and underwriting the Israeli military that have run up the national debt. It is only a matter of time until we are owned by China.

I admire you and your wife for staying where you are. Women love nice, new, shiny things, so it's great she's willing to stay. Often it's hard to keep women in check on these things. Houses are money pits. Even the smallest of repairs can cost thousands of dollars. If you want the value of your house to remain decent, you will have to remodel a kitchen or bathroom at some point which will cost you 20 to 90 grand. Depending on the area where you live, renting is usually a better financial decision.

32 M, unmarried but long term gf (not living together), just $200k house debt and soon maybe $30k car debt.

No concerns, glad I paid off student debt shortly after college with triple payments instead of spending extravagantly.

32 million in debt? Are you in the NBA or a rapper?

Sorry, I didn't mean to criticize. I was trying to educate, since this is a thread for people interested in how much debt others are carrying (and presumably, why). I think many have the misimpression that having debt is automatically worse than not having debt, regardless of the circumstances, when what really matters is your net worth. And if your debt is financed at a rate lower than the guaranteed return of the money that you borrowed, you are clearly better off carrying the debt than paying it off (I hope you will agree).

The benefits of carrying debt on a home that is appreciating are compounded by leverage: If you have 50% equity in your home, you are earning 2% for every 1% increase in the value of the home. If you have 20% equity and your home value increases by 20%, you double your investment.

Zero debt. 58 years old. Moving to Thailand 🇹🇭 in a few months. The American Dream is that..just a dream.

Flying first class, Hilton hotel on the beach. I want to thank you all for picking up the tab, which you are since I plan on defaulting on 100% of the bill. Damn your financial institutions you all got a bailout, I’m taking one now.

Oh yeah, what I am buying.

iphone 15 pro

apple 🍏 laptop

new wardrobe: will not go cheap.

Running shoes: diadora’s, vomero 17’s , brooks ghost max.

new luggage

backpack

And more!

I want to thank the credit card industry for giving me an 800 score. Also thank them again for the credit score not following me to Thailand!

The math is fine, but again. At retirement I want to be done with debt. I dont want to have to liquidate an investment when it might be down because I have to vs selling it when I want to. Mostly I just dont want to mess with payments and such at this point-no debt= no hassle.

I am not religious about it. I do think if you are 100% in the DRamsey mindset he never addresses opportunity costs, and sometimes debt is the right way or only way to take advantage of a situation/time of life.

You can say that again!

Agree!

If you locked in a 30 year sub-3% mortgage, congratulations, you are part of the new global elite. For once, YOU robbed the bank, instead of the bank robbing you. It is a world-historical aberration not to be repeated.

Dont be jelly of people saying they have "zero debt". Virtually all wealthy people have debt because their money works far better in the market rather than buying cars and house with cash. Cheap debt is good, assuming you have some discipline with the cash on hand.

55, only debt is $650K mortgage at 3.5%, would be paying down more quickly but can make more money in interest while socked away in low-risk fixed income instruments - also doing Roth conversions to hopefully have only have tax-free distributions in retirement. We also have a probable inheritance* that will pay that off at some point, so our strategy is to keep working until we have a net worth that will allow us to enjoy our retirement with minimal risk of longevity rendering us destitute (expatriate lifestyle in Central America - Panama/C.R. - or Portugal is the current plan at end of the line).

* Don't ever count your chickens before they hatch or inheritance money before it shows up in your bank account (and don't value the inheritance over the longevity of the people who will be leaving it to you, either)

Primary home - 15 year mortgage at 2.0% - $302K balance with 12 years remaining.

Investment condo - paid cash

3 cars paid off. 4th car $35K balance at 1.9%, 2 years remaining.

$337K total debt. 46 years old, sole earner, married with 2 kids.

mortgage: ~1.36 million

car loan: ~20k

zero % loan for energy improvements on house through state incentive: ~40k

@$215k mortgage at 2.5% APR.

@$3,000 on an auto loan that will be paid off in December

@$15k in student loan debt which will be paid off in 2028.

I hope the market crashed and you all end up on the steets.

I don't think debt, per se, is the right number to look at. What is your debt in relation to your income or net worth?

But, the one thing about debt is it is a future obligation, and the reason I avoid it like crazy is I like to be in control of my future decisions.

Don't regret it for a minute, you will, if you grow old and wise look at your material world even as it is, and say, why do I need this stuff? My situation is a lot like yours but I am older, still married, nice family. My wife also not only knows math but knows what makes us tick for what of life is left and taking care of stuff, or paying on stuff isn't it. Embarrassment of riches.