And I seem to keep living that way too...

Its pretty sad, I was figuring after my tax return I would only have one payment (The jeep @ 0%) and all would be good. Now I'm looking at getting another freaking loan.

Oh well, I guess it will be good for my credit :eek:

Because no one wants to eat roman noodles all their life.

Hey at least you have credit, I paid for everything with cash up till a year or two ago. I had zip for credit so I got a credit card and buy small things every once in a while to try and get some.

It's not, it's driven by currency value, interest rates, and a country's ability to service their debt. Every country has debt, and other countries in turn have debt to them as well.

It's not, it's driven by currency value, interest rates, and a country's ability to service their debt. Every country has debt, and other countries in turn have debt to them as well.
completely missed my point.

No, I got it. I was just saying.

Cash Rules Everything Around Me C.R.E.A.M. get the money, dolla dolla bill y'all.

leverage = higher profit

I dropped out of college to stop from going too far into debt. I owe about $16,000 and need to start paying in June, I believe. Now I'm working at the last place I wanted to.

I also have to supply my car with its precious life blood and assorted problems.

I dropped out of college to stop from going too far into debt.:( I'm really hoping that doesn't happen with to me, I think I might just have to take it up the ass and start getting student loans this semester though since tuition and fees keeps getting higher and higher.

Now I'm working at the last place I wanted to.I sure as shit hope you aren't flipping burgers :peace:

I also have to supply my car with its precious life blood and assorted problems.
thats the same no matter what. I keep wondering why I didn't buy a cheap car to drive the 310 miles back and forth across the state for school because the jeep sure doesn't like the highway too much.

another major depression seems inevitable
:werd:

Four years ago when I was in my freshman year here the majority of the people I talked to weren't financing the whole of their education. Most had small grants, scholarships, etc. Now that I'm back at school, its almost apalling to talk to people about their finances.

I really thought I was bad with money (can't seem to keep it in my pocket very long because of all the hobbies ;) ) but there are people here that I have met that frighten me. Most of the "kids" that I run into here have at least one credit card maxed out, and another they are working on maxing out. The majority of them are also financing 100% of their education and are already between $10 & $20,000 in debt for school. Not counting all of them driving newer cars at huge interest rates. I got lucky with my Jeep and nailed 0% financing for 5 years, thats about the only way I can afford that right now.

Even a lot of the people my age that I talk to here are way in debt. Most of them are carrying an average of $1,000 of credit card debt every month. I just can't imagine that. My credit card gets paid in full every month, on time.

Hell, even a lot of the guys I work with are walking down this road. One kid I work with got talked into a $140,000 house loan with something like 19% interest for 20 years :eek:

Another guy I work with got nailed in the ass with a Harley loan at something like 35% becuase he declaired bankruptcy four years ago but just had to get a Harley this year.

Another guy I work with can't even get a signature loan for $500 because he has never once in his life had a bank account :eek::eek:

How can someone survive without at least a checking account, let alone a savings account?

And with all this sub-prime lending shit about to hit the fan, there is going to be some serious forcloser rates hitting the nation pretty damned quick.

And I seem to keep living that way too...

Its pretty sad, I was figuring after my tax return I would only have one payment (The jeep @ 0%) and all would be good. Now I'm looking at getting another freaking loan.

Oh well, I guess it will be good for my credit :eek:

The reason, my friend, is because this society is an "I want it now", instant gratification society. Also, with the price of things like homes and transportation, by the time you save up to acquire something, you still won't be able to afford it.

Suppose I need a new car to get to my job. If I attempt to save for it, and go without transportation, maybe I can't get to my job or it creates too much of a hardship to get there, so I lose my job. Then, what do I have? Nothing. But, I can get limited time offers of low interest financing! So, I can go and get a loan to pay for something that is going to depreciate the second I buy it, so I can basically pay double what something is worth. And somewhere, someone ends up with my money. Now, if I'm the person that is ending up with extra money, that's great. If I'm the guy getting ass fucked by paying double, it sucks to be me.

Now I'm working at the last place I wanted to.


McDonald's...

If your debt-to-asset-ratio isn't 1:2 you should probably slow down the lifestyle a bit...

Student loans are nothing, and you shouldn't worry about them. They are borrowed at an average of what, 4.5%? You can pay minimum amounts on them while pulling in a higher return on cash you invest. Then pay them off gradually without hindering your lifestyle.

I dropped out of college to stop from going too far into debt. I owe about $16,000 and need to start paying in June, I believe. Now I'm working at the last place I wanted to.

I also have to supply my car with its precious life blood and assorted problems.

Dude, that's retarded. So now you have college debt with no college degree? Why not finish it and pay it off with your better, higher paying job?

I have over $100,000 in student debt. I'm not worried about it. My room mates uncle who is a partner in a law firm and gets driven around in a Maybach just paid off his student loans. Why? Because they are federally backed and pegged at a low interest rate. It's almost a free loan.

Dude, that's retarded. So now you have college debt with no college degree? Why not finish it and pay it off with your better, higher paying job?

I have over $100,000 in student debt. I'm not worried about it. My room mates uncle who is a partner in a law firm and gets driven around in a Maybach just paid off his student loans. Why? Because they are federally backed and pegged at a low interest rate. It's almost a free loan.

Well, I decided I didn't want to pursue higher paying anymore. Engineering just isn't my thing, I guess.

There's lots of things you can do in college, especially pursue even higher education afterwards. Hardly anyone works in the field that they major in. Engineering being an exception to that however.

EXACTLY!

I'm going to become a teacher, eventually, in the mean time, I'm working.

Look at them yoyos
That's the way you do it
You play the gee-tar on the MTV
That ain't working
That's the way you do it
Money for nothing and your chicks for free

or maybe he couldn't hack it at MTU

I think we know the truth ;)

Well, there is that, too... :D

I flunked out. Twice.

I never even partied, and all I did was study. :( But then once you start doing bad, you get worse, and well... you eventually drop out and aim for something more your speed, with less calculus.

maximum transmission unit?

maximum transmission unit?

Michigan Technological University

A fantastic university dedicated to engineering.

you see, once upon a time, I wanted to be a computer engineer. Then I... well, just read this, instead.

http://jm1fc3s.com/myblog/index.blog/1649743/essay/

Look at them yoyos
That's the way you do it
You play the gee-tar on the MTV
That ain't working
That's the way you do it
Money for nothing and your chicks for free

...Maybe get a blista' on yo' little finga'
Maybe get a blista' on yo' thumb

God, I love that song. But not the radio version. The full, like 9 minute one.

McDonald's...

No, here: http://en.wikipedia.org/wiki/Sturm_Foods

But I get to drive cool things, like this: http://i123.photobucket.com/albums/o304/wotnartd/internets/new_Swing-Reach_300x411.jpg

Oh, and your avatar reminded me, Year Zero = win. Just finally picked it up last week, and haven't been able to put it down.

kids...

wait till you have a family to feed
and a mortgage and car notes.

goodday

kids...

wait till you have a family to feed
and a mortgage and car notes.

goodday

At least I won't race with them in the car with me!

(That was you, right?_

At least I won't race with them in the car with me!

(That was you, right?_


whos you??

he handsome guy with nice cars and a big dick?

Michigan Technological University

A fantastic university dedicated to engineering.

you see, once upon a time, I wanted to be a computer engineer. Then I... well, just read this, instead.

http://jm1fc3s.com/myblog/index.blog/1649743/essay/

So you can hear sting go "ahhhh" followed by random silence for 2 minutes?

I think reminding her this song existed made her happier than anything i've ever done. :)

whos you??

he handsome guy with nice cars and a big dick?

That would be me.

Everyone has some debt. I have about 12k in student loans, but my education was worth the investment. I have some small stuff like my Best Buy card, but that's pretty much it.

What helps us out a lot is that we have a dual income household, so we don't feel the burden nearly as much as some people at my age. I have friends that have gotten out of school and can barely make ends meet, even with a decent salary.

It doesn't always pay to be single...

Econ 202:

If the opportunity cost of holding debt is greater than the interest required to service it, debt can increase profitability or consumer surplus. This assumes steady income, market conditions, etc.

Debt also causes an economy to be much more efficient because people can buy things (good for the economy) and banks can make profits off them (likewise).

I dropped out of college to stop from going too far into debt. I owe about $16,000 and need to start paying in June, I believe. Now I'm working at the last place I wanted to.

I also have to supply my car with its precious life blood and assorted problems.


That really sux. I would recommend going back (if your financial aid can be reinstated).

I'm 22k in the hole because of my degree and have a year left before I graduate. Projected income from this ~25k investment will be ~70k / yr, which is roughly $40k more than I was making before going to school.

It's tough putting up with academia, but the income divide in this country is much harder to cross without a degree.

It's tough putting up with academia, but the income divide in this country is much harder to cross without a degree.
Quoted for great justice

That really sux. I would recommend going back (if your financial aid can be reinstated).

I'm 22k in the hole because of my degree and have a year left before I graduate. Projected income from this ~25k investment will be ~70k / yr, which is roughly $40k more than I was making before going to school.

It's tough putting up with academia, but the income divide in this country is much harder to cross without a degree.

The dropping out is a very temporary thing. I'll be taking classes this fall and will be a part-time student year round, to keep up... sorta... with my peers. Remember, I dropped out with 35 credits (maybe), which is about two semesters, and I went for three. So I figure, summer school, fall classes, winterim, and spring classes should net me about 35-40 credits a year. I won't even have time to sin anymore!