Zero.
How much total debt are you in right now?
- Thread starter Standing on business
- Start date
AlwaysLurkin
Superstar
Credit 1200
Car 12500
Car 12500
get the fukk outta hereJust a little over ~$ 42,000
I made some awful decisions in my 20's
That number feels good to type when at one point it was $897,733
I will never forget that direct figure
Just a little over ~$ 42,000
I made some awful decisions in my 20's
That number feels good to type when at one point it was $897,733
I will never forget that direct figure
$800k?
What the hell happened in your 20s, breh?
Right?! Like, think I'm bad with my $18k,that figure would have me contemplating suicide or robbing every bank in the Midwest.
Tenchi Ryu
Ashtray B!tch
All my debt is straight up school loans, so about 15k at the moment.
Dorian Breh
Veteran
Just a little over ~$ 42,000
I made some awful decisions in my 20's
That number feels good to type when at one point it was $897,733
I will never forget that direct figure
Need some explanation here breh cot damn
Who the fukk let you run up that much? Unsecured? The fukk was your credit limit!?!
And how you get out that hole breh how old are you now?
If this is true mad respect for taking that massive L and then fighting back to almost be in the green.
If we count mortgages, two houses = 249,000
One Credit Card - 1000
Student Loans = 45,000
So about 295,000
Not too bad considering it was a lot more higher a few years ago
One Credit Card - 1000
Student Loans = 45,000
So about 295,000
Not too bad considering it was a lot more higher a few years ago
Perpetual Beast
Beast Mode Always On
$800k?
What the hell happened in your 20s, breh?
@Dracudiddy
It was during the first housing boom in PHX where they were practically giving away homes for "free". The banks were lending like it was nothing - didn't even need a down payment. You might be too young to remember, but there was a HUGE push for real estate investing with 0 money down throughout the 2000's.
Me being naive and not doing my research, I didn't see the banks' game plan...Just saw dollar signs and visions of me relaxing in Aruba enjoying passive income. Of course they were lending to idiots like me because what goes up must come down. Fast forward, 12 homes foreclosed and 1 duplex. Bank took my soul along with it.
The biggest mistake was doing business with 4 other friends. When it came time to prospect, advertise the empty units, repairs, etc. it was always "Yeah, I won't be able to make it today. I'm pretty busy."
I got out of most of it through a combination of settlements, gave almost every penny of commission I had after a deal closed (not real estate related), lived in dirt cheap apartments, sold possessions including this rare $22,000 Rolex that my granddad left me (
fukk man I'm still hurting to this day about that), and most importantly, time.I'm in my mid-30's now and honestly feel like life is just starting. I knew it wasn't the end and that's the cost of doing business. There's always a risk when a big reward is on the line. What really kept me going, as dumb as it sounds, is telling myself everyday "You could die today". Thought process was, if I'm gone the debts gone so just keep pushing forward.
I've mentioned quite a few times on here what my work ethic is like, so it's a little discouraging sometimes knowing I could have been so much further along. Then again, I'm proud of the fact that I actually had the balls to pull the trigger, instead of just mentally masturbating and saying "one day I'll do it".
15k+ student loans
17k+ car loan
1.5k credit cards
so somewhere in the 34k range in debt. I'm not sweating though, I can wax that off in under 5 years if I wanted. Is it probable? No
but it's possible
17k+ car loan
1.5k credit cards
so somewhere in the 34k range in debt. I'm not sweating though, I can wax that off in under 5 years if I wanted. Is it probable? No
but it's possible@Dracudiddy
It was during the first housing boom in PHX where they were practically giving away homes for "free". The banks were lending like it was nothing - didn't even need a down payment. You might be too young to remember, but there was a HUGE push for real estate investing with 0 money down throughout the 2000's.
Me being naive and not doing my research, I didn't see the banks' game plan...Just saw dollar signs and visions of me relaxing in Aruba enjoying passive income. Of course they were lending to idiots like me because what goes up must come down. Fast forward, 12 homes foreclosed and 1 duplex. Bank took my soul along with it.
The biggest mistake was doing business with 4 other friends. When it came time to prospect, advertise the empty units, repairs, etc. it was always "Yeah, I won't be able to make it today. I'm pretty busy."
I got out of most of it through a combination of settlements, gave almost every penny of commission I had after a deal closed (not real estate related), lived in dirt cheap apartments, sold possessions including this rare $22,000 Rolex that my granddad left me (
I'm in my mid-30's now and honestly feel like life is just starting. I knew it wasn't the end and that's the cost of doing business. There's always a risk when a big reward is on the line. What really kept me going, as dumb as it sounds, is telling myself everyday "You could die today". Thought process was, if I'm gone the debts gone so just keep pushing forward.
I've mentioned quite a few times on here what my work ethic is like, so it's a little discouraging sometimes knowing I could have been so much further along. Then again, I'm proud of the fact that I actually had the balls to pull the trigger, instead of just mentally masturbating and saying "one day I'll do it".
Wow. Thanks for sharing your story, breh.
That's some incredible shyt! I'm happy to hear you bounced back!
Wow. Thanks for sharing your story, breh.
That's some incredible shyt! I'm happy to hear you bounced back!
word,right on for the barbarian honesty bruh..