Where do you stand or are you debt free.?
2006-11-20 21:26:51 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I'm 39. My husband and I are trying to keep our company doors open.
Our only income is from a land contract & rental, about $4500 month. (We are not taking any paychecks from our main business)
Debt? $330,000 to bank -business
$500,000 building
$180,000 home
$9,000 car
$60,000 personal credit cards (used for payroll & taxes for employees)
2 years ago, when I got married, I had NO DEBT.
I miss those days.
2006-11-20 22:47:46 · answer #1 · answered by Gem 7 · 0⤊ 0⤋
We are in the process of getting debt free. We have about 35k left to tackle, but that should be gone within the next year.
2006-11-21 05:44:51 · answer #2 · answered by scottnkris819 2 · 0⤊ 0⤋
I have no debt, I have a six month reserve in short term savings and I invest 20% of my take home pay.
2006-11-21 08:24:00 · answer #3 · answered by waggy_33 6 · 0⤊ 0⤋
i'm 32 and have no credit card debt. i do, however, owe $20k on my car and $90k on my student loans. i have a ba degree and an mba degree. i make $140k per year so i'm not that worried.
2006-11-21 05:36:25 · answer #4 · answered by loveholio 5 · 0⤊ 0⤋
i stand in like $70
2006-11-21 05:35:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I am debt free.
2006-11-24 20:23:06 · answer #6 · answered by George K 6 · 0⤊ 0⤋
48 years old
1 credit card at $9,500 ... was $15000
new car cuz my old one finally died... $14,000
plus monthly bills and car insurance.
I don't know how I will make it.
2006-11-21 05:49:53 · answer #7 · answered by Chris C 5 · 0⤊ 0⤋
You need a 2nd or 3rd job. >:p
2006-11-21 05:33:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋