Get out of debt brehs
- Thread starter newarkhiphop
- Start date
good stuff, i was taught the opposite. Get what you want, pay for it if you can, if you cant o well fuk it. Was really never taught to save at all. Another one of the reasons i decided to get out of debt so my future children don't/wont have to go what i went through. Never really been super poor but struggling or living day to day is no fun. Now i have my $1,000 in the bank and since i budget every dollar i spend i know exactly where all of my money is going on a day to day basis.
Techniec
Drugs and Kalashnikovs
I was sitting pretty until 6 months ago
Then I bought a house and got accepted to school
$110,000 in debt just dropped into my lap
And that's not even Including the mortgage
Next four years will be fun
Then I bought a house and got accepted to school
$110,000 in debt just dropped into my lap
And that's not even Including the mortgage
Next four years will be fun
nobody thinks about shyt like that when they are youngive been saving since I was little
I justat all these fools buying a new car and clothes, when they have $137 in their savings account
pretty pathetic people cant even trust themselves with a credit card
I was obsessed with money when I was little and people I looked up to were always tellin me to save itnobody thinks about shyt like that when they are young
88m3
Fast Money & Foreign Objects
life is a balancing act
I haven't f'd myself over yet. The last two months I had more expenses than income but the start of the year is always slow and property and school taxes are always a kick in the teeth.
I haven't f'd myself over yet. The last two months I had more expenses than income but the start of the year is always slow and property and school taxes are always a kick in the teeth.
Kill Dat Noize
Banned
Sad to say it but last year I had to declare bankruptcy.
It's sad too because I wasn't really in crazy debt but I was being sued by one of my creditors and the settlement was more than I could afford at the time. Summoned me to court and everything.
Long story short I consulted with a lawyer and the whole thing cost me 1700. Didn't wanna resort to that but I felt like my back was against the wall and it was time to remove this headache from my life entirely. Now I'm debt free.
Honestly I was just bad with money. I was lucky to land a real good paying job when I turned 21 and the shyt went as fast as it came. I wasn't old enough or smart enough to appreciate what I had. Had I played my cards right I probably could have stacked away like 20 g's a year and still have had enough for a social life. Instead I fukked up and blew it on all the wrong things. Car, clothes, going out, gambling, etc. I was a true idiot. Plus I would charge shyt instead of paying cash. 6 years at that job and I had nothing to show for it. After the company went under my car got repo'd and I started going to debt.
But I'm older and wiser now and back on my grind. I finally feel like I'm building towards something now. I'm sure the bankruptcy is gonna come back to bite me in the ass eventually but right now I'm tryna put myself in the position where I won't need to borrow money ever again. It's gonna be tough but I got big plans... and more importantly big dreams. I needed to experience all that and fukk up like I did so I could get to where I am now.
Don't regret a thing.
It's sad too because I wasn't really in crazy debt but I was being sued by one of my creditors and the settlement was more than I could afford at the time. Summoned me to court and everything.
Long story short I consulted with a lawyer and the whole thing cost me 1700. Didn't wanna resort to that but I felt like my back was against the wall and it was time to remove this headache from my life entirely. Now I'm debt free.
Honestly I was just bad with money. I was lucky to land a real good paying job when I turned 21 and the shyt went as fast as it came. I wasn't old enough or smart enough to appreciate what I had. Had I played my cards right I probably could have stacked away like 20 g's a year and still have had enough for a social life. Instead I fukked up and blew it on all the wrong things. Car, clothes, going out, gambling, etc. I was a true idiot. Plus I would charge shyt instead of paying cash. 6 years at that job and I had nothing to show for it. After the company went under my car got repo'd and I started going to debt.
But I'm older and wiser now and back on my grind. I finally feel like I'm building towards something now. I'm sure the bankruptcy is gonna come back to bite me in the ass eventually but right now I'm tryna put myself in the position where I won't need to borrow money ever again. It's gonna be tough but I got big plans... and more importantly big dreams. I needed to experience all that and fukk up like I did so I could get to where I am now.
Don't regret a thing.
Yapdatfool
Superstar
life is a balancing act
I haven't f'd myself over yet. The last 8 months I had more expenses than income but car problems and gas are a kick in the teeth.
Fixed for me. I've made this bed, I must find & work my way out of it.
Student loans + medical bills(b4 obamacare) for around 48-50. Those refund checks are
as fukk: you spending your own money(+ the interest). And by the time i took business classes and truly understood how much shyt really cost it was already too late. IT could have been worse too b/c i enrolled to graduate school and change my mind at the last minute.
I was sitting pretty until 6 months ago
Then I bought a house and got accepted to school
$110,000 in debt just dropped into my lap
And that's not even Including the mortgage
Next four years will be fun
Good Lord, i got like 2,500 in medical BS bills and i thought that was bad but shyt 
Techniec
Drugs and Kalashnikovs
Yeah but on the flip side though, its law school, and the money we re borrowing for the house is from family.
It'll take 4 years but it'll get paid off and hopefully by then I got a sweet gig
I thank @BlvdBrawler for putting me up on game a while back. I remember reading one of his post about how he probably shouldn't have gotten a new car with all the bells and whistles until, mid to early 30's. I was actually on the brink of breaking down and getting one from peer pressurehave you thought about selling your car? getting something cheaper?
am almost happy I made the car mistake so young ( had a new whip by the time i was 18) and i was able to learn from that, the new car thing is nothing more than a expensive fashion statement to impress other
With that I think i will drop another tip
If you have a large amount of debt and you have a car note you need to sell that car ASAP, sell the car, use whatever money you get to go towards your current balance and borrow the rest
I.E you have a $20,000 Honda note , sell it for $15,000, now you only owe the bank $5,000. What are you going to drive around in the mean time? ANYTHING WITH 4 WHEELS THAT MOVES. Trust me best decision you will ever make , while other may laugh or talk, wait until your doubt of debt and they still pay $400 a month + $200 a month insurance, trying to keep up with the Jones's.
In case yall thought i was playing
http://www.thecoli.com/posts/6794370/
I'm straight in my 02 altima for now, I can always drive my girls bmw
Btw at 22, I have zero debt
nobody thinks about shyt like that when they are young
