/biz/ - Business & Finance

I'm 35 and actually closer to $450k. My car loan is 1.38% APR, mortgage is 2.75%, and credit card debt is actually $15k at 0% until next year. I'm carefully debtmaxxing to milk these banks for as long as possible.

>>57188605
>>57188640
Based debt chads
I’m 39 and have $250k mortgage and about $30k in credit card debt. I have $50k in crypto though. Fuck bank Jews.

>>57188651
I have $900k in crypto and have no intentions of paying any debts off earlier than I have to.

>>57188640
How do you deal with it mentally having such a large number hanging over your head?
I can buy a home I just don't want to increase my debt to income ratio.
It's impossible to make a living in the US since prices are rising. My debt is a deficit on life really.

Hope it gets better, fren. Maybe I'm too honest. Probably why I feel this way.

I'm guessing the direction of the thread will essentially lead to this question: how much longer is any of this debt sustainable? 1971 was the last year of backed currencies. Idk if I should just debt max and pay minimum payments or just default. Idk what's the best course. I never knew what it meant to be an adult but it's just to be a worker bee till I drop to service my debt like a zombie company.

>>57188675
Think of debt as leverage. It gives you quicker access to a career or asset (home, investments, free cash, etc.) that will go up in value over time at a higher percentage rate than your debt interest. Hopefully you're not retarded enough to have interest on your credit cards. That's not good debt.

27 also but I have 130k in liquidity with zero debt. Left College at 21 and fell ass backwards into a gov job and now make close to 90k/yr.

Sometimes I'm grateful for what I have but other times I feel like I'm still behind many others in my age bracket who are buying houses and having kids

I'm 35 and have $0 debt

>>57188706
Same boat here anon. Make comfy money, not enough to really plow it into investments though. Also GF and I poor spending habits eats the money.

I'm 32 with $0.00 debt.

You guys are retarded: How stupid do you have to be to have bad debt (i.e. credit cards)?

>>57188706
having kids would put you behind them even more
it's an awful investment

>>57188696
>it will just go up

?

>>57188824
Not stupid just dumb choices. Had a mental break and bought a bunch of PMs off credit cards and then other shit but mostly the rolls of gold did me in, which I’ve sorta made money on.. but not really because CC interest payments are fucking me raw but I’ve got it down $7k this year less than half to go getti my better ay keeping my idiot gold

>>57188864
gold is for wealth preservation not creation, what an insane play to go into debt to buy it...

>>57188864
LMAO THIS NIGGA A BOOMER ROCK BAGGIE

No debt cash strong some crypto some metals . Just max that debt out file for bankruptcy if it goes south . Legislation will be passed to cover all you dead beats

>>57188824
it started with school. Then my parents stopped supporting me. Couldn't find a decent paying job. The banks essentially became my parents. I needed braces, a car, food in my stomach.
Shit got out of control my guy. Now I stare down the barrel everyday with a kid on the way.
The American dream really is dead. We're all financial zombies.

>>57188893
You make me feel better about being a kissless virgin thanks

>>57188846
Don't hate the playa, hate the game.

>>57188898
Haha yeah well at least someone is having a good day today.

>>57188902
Leverage goes both ways.

>>57188871
>mental break
i kno rite

All of you suburbs kids are getting punished for being obedient to zog I never went to highschool I was selling ice and x . I can't spell well but I know how to shoot and fight