How much do you owe after you graduated from a university? or just a general debt thread
None, paid it off as I went.
Bought a house a couple years after that, pretty easy if you try.
I owe about $1000 to Discover with about $5000 credit limit remaining. I owe about $1500 to Home Depot with about $3500 remaining. I have a $2000 personal line of credit with $300 borrowed and $1700 remaining. We owe like $1-2000 to JC Penney with a shitload remaining. We owe a few hundred to Amazon with a shitload remaining. I use a Wal-Mart credit card in lieu of a debit card so there's a couple hundred there and every few months they bump up my credit limit another $500 or $1000 so that's just basically my credit score hack.
I have 3 or 4 other cards but I think they're paid in full. A PayPal one, another Discover, a Visa .. I think those are at $0 or close to it each with a good chunk for the spending limit.
My wife owes about .. boy $5-6000 still on her student loans but it's not too bad.
We owe the hospital about $8000 for delivering our son. That's our out of pocket. (Thanks Obama..)
I'm financing two cars and owe a few thousand on each. Thinking about trading in my commuter for a 3-seater.
I just bought my first home for $266,000. I've only made two mortgage payments so far.
I'm thinking of taking out a home equity line of credit to upgrade our deck and yard. That plus my tax return next year ought to take care of it. That'll set me back $5000 plus another $5000 in debt but could boost value of the home up by $50k (we're having a bit of a mini housing bubble here)
Yea my debt is pretty good. It's working for me.
pretty much devoting my gainz to my 9k student loan. up 130 now, only a bit more to go. VYM up and up
None , because i don't live in a Jew controlled country
>>1354515
>about $8000 for delivering our son. That's our out of pocket. (Thanks Obama..)
Honestly more people need to be prepared to pay for these kinds of expenses. Because they would have been expensive regardless of who was president lol
We had a family friend who had no medical insurance (that was her choice) and she ended up having to pay the entire $50,000 bill for her complication-free delivery....if there are complications you're talking about a 6 or 7 figure situation. 8k isn't too shabby, in my opinion; t-thanks, Obama
>>1354588
actually yeah the "extending me a line of credit has been a godsend" mindset is common in America
we're a consumer culture
>>1354614
lol wtf you actually go through that guy's blog
didn't you read the New Yorker expose about him; hes the literal definition of a vapid cunt
>>1354635
not gonna spoonfeed you find it yourself
>>1354620
>unsuccessfulpeople.jpg
>"focuses on people, not ideas"
>>1354641
you would stop focusing on his ideas if you realized how naive he was
>>1354647
lol he's not a politician he's a blogger
and a helicopter parent
and one debt crisis away from completely abandoning his platform
>>1354643
i already had similar practices/ideas that have served me and others i know quite well
found the blog searching for something one time and related to some of it
>>1354655
http://www.newyorker.com/magazine/2016/02/29/mr-money-mustache-the-frugal-guru
fuck you
>>1354660
I didn't say he's in a debt crisis
but his entire platform rests on the fact that his very very fortunate situation - which is, in all seriousness, quite difficult to attain and almost impossible to sustain - will last forever
one 6 figure debt situation - getting hit by a car, injury, getting sued, divorce, whatever
and he's gonna delete his entire blog and go back to work like the rest of us
>>1354658
>He told me that his blog is now earning around four hundred thousand dollars a year
sounds like a kick ass passive income to me, living the good life
haters gon hate
>>1354675
what do you mean? do you know how expensive it is to get hit by a car? or to go through cancer treatment? a million dollar hospital bill takes only about 6 weeks to rack up. and like >>1354669 this anon points out, the guy has a high income from his blog (thanks to sponsored content) so he's definitely not gonna qualify for fucking emergency medicaid if he's put into that kind of situation
>>1354473
$30k
I plan to move in with my longtime girlfriend into a comfy 1 bedroom apartment while I work at her dads medical device company.
>>1354473
None, god bless Europe :)
>>1354473
$145,411
none
full ride
>>1354515
>>We owe the hospital about $8000 for delivering our son. That's our out of pocket
and yet people don't vote for single payer
none
my dad got the promotion of a lifetime before I went to college and was able to pay for everything easily without me taking out loans
I love my parents
Altogether I'm at like 40k between school and a 10k used car loan since I needed a car straight out of school and my parents convinced me to buy something newer with only 20k miles rather than a cheapo 3k beater.
>>1355309
Was it NYU?
>>1355438
>le reliability/build ur credit meme
>>1355451
Yeah
I've worked out several times that assuming I keep my job and get no raises (thus no real permanent increase in payments) I'll have all my shit paid off in 5 years.
So fuck me I guess.
$50k for my B.S.
That said I'm not too worried about it. They're federal loans so the worst case scenario they can drag me down is 10% of my income/year for 20 years, then they disappear. Hopefully I'll be able to find something lucrative to pay them down soon though
None
GI bill paid my private school tuition for a BA and MBA entirely
Also paid me $57k housing allowance as well
>>1355461
The rest pretty good, I've just had friends end up wage slaving to make car payments they didn't need to and never make it into college or if they graduated, have the capital to move out of town while I've bought and sold two aging sports cars for half that and still come out ahead of their "economical" and "reliable" choices when it came time to sell. Also put gas on a credit card and came out with the same credit score.
>tfw received a full ride scholarship for my undergraduate and, now just recently, for my post-graduate studies too.
>>1354473
64k after a master's
Depending on a starting salary, I'm gonna be okay. It's my first and singular focus after I get out. I study a hard science, so I'm confident about it.
>>1354473
i owe about 2000USD for my car and 2000USD for my school loan. i'm almost there. i'll focus on my car loan first. after finish school i owed 10,000USD so far its been 5yrs trying to pay it off. i'm a car mechanic. i could have paid it off much quicker but my first year i didnt make much and hurricane sandy totaled my old car so i had to buy a new one. also i would have been finished by now but i lost my old job and went unemployeed for some time.
>>1354473
None because I live in Germany
>>1354473
not graduated. 20 credit hours short of STEM degree.
must take take 1 semester elsewhere before finishing.
60k+ in debt with first payment due yesterday.
haven't gotten deferment/ forbearance/ lesser bill yet, need to contact lenders asap.
have been considering military or an hero for months but just landed part time job.
as long as I can wageslave and stay on top of six months of payments I'll be able to take out more loans (hah!) and finish.
hope I make it
If you count in the money lost from not working the average undergrad costs about $200,000
will have $380k in debt by the time i finish med school
>>1356078
LMFAO HAHAHAHAHAH
>>1356011
didn't even think of this. JUST my whole shit up senpai. but eh, i was a degenerate normie-wannabe drunk, can't really beat myself up too much
>>1354473
Was about $12k; paid it off in under a year. Also have a financed car with about $19k left on it. Some minor credit card balances that I pay in full every month. No house. Net worth about 30k.
I've been out of college for only 1.5 years, so this is pretty good for America.
>paying off debt
>any year
Well least in real estate, you owe 10 million, but make 3 figures from leases.
A little less than $80k
If I don't land a decent job after I finish my PhD I don't know what I'll do. I'm in chem, which is a bad field right now, but an area that is pretty highly employable compared to the others.
I owe 20k for a BFA and an associates. I haven't been able to bring it down yet though and it's been 6-7 years since i graduated.
With that being said, it hasn't changed my life much having the debt. I avoid credit cards, and have 4 checking and 3 savings accounts.
I wish I had a nicer car from awesome credit, but it probably would not be a good idea at this time in my life anyway. I've only just matured enough to wash my car regularly, keep the interior clean and dust free and take it in to regular check ups. In a few years I'll be ready.
>>1354473
$33,000
I prefer to live with roommates over living alone, however, so the amount I save on living costs more than covers the student loan payments. All in all, I got to go to college for 4 years and goof off and then get a well-paying office job so it was a pretty good investment.
>>1356011
The average gap between high school grads and college grads in wage is $17,500 and still growing. If the average worker works for 30 years, it has a return of nearly 300%. That's pretty damn good returns.
This doesn't even consider the gap for good, high-paying majors.
>>1357516
well son, in real estate you take out a mortgage on a house then rent it out and pay the minimum amount of payments each month, you dont even pay the mortgage, the renters do. which still leaves you with a decent profit. after payments.
you then proceed to do this over and over again until you are making plus six figures.
i am not a robot
>>1358067
It only helps you to go to college if you have a guaranteed job afterwards. Otherwise you might as well have waited to find a career you could enjoy.
>>1357264
I can get more images, for research?
>>1356078
Shit man - that'll take you about 2 years to pay off!
>>1355431
>i love living a privileged life
Scum
>>1358627
>It only helps you to go to college if you have a guaranteed job afterwards.
And most people do.
>Otherwise you might as well have waited to find a career you could enjoy.
A college degree opens up many careers you may enjoy but could never qualify for without one.
>>1354473
0€
Feels good not living in third world shitholes like the USA
>>1360550
Want to leverage our 10k debt using indexes from our own equity markets and see who fares better?
>>1355440
What's with that anon's debt that made you think NYU ?
>>1354473
$70,000
I used to have another $50k on my dads federal parent loan but he got discharged because he's disabled now. I can't believe they don't put me on the hook for that...
they did try to tax him like $15k because it counted as income but he can't afford it so they just let it go
Still in uni. Accounting. Owe nothing.
My dad makes a lot of money. Student debt is enough to make or break some people nowadays. I'll be investing the money I'd otherwise be spending on my loans.
104k so far for near worthless credits.
University of California is a scam, especially if you're out of state.
0 in student loans.
$3,612.90 in credit debt, most of it financed but I've changed my ways and I've been doing a lot of self improvement and paying it down without a problem.
>>1360523
This would be just another reason why so many people are talking about an economy crash caused by student loans not getting paid...
>>1354473
mommy and daddy pay my 16k/yr medical school, owe 0
$0. Not sure how student debt gets so high in the states, here in Canada it's pretty easy.
Real ting eh
>>1354473
£50k
standard for a masters here in bongland
About $60k
Stem degree and Phd, cost a grand total of 4.5k.
Ireland!
just checked. I'm at $92k. if/when I finish easily over $120k
Wacky idea.
Instead of college, invest that $100,000+ debt into property. Get that same degree-not-required job you'll end up with in an irrelevant field to your major, work the 4 years full-time, earn $25,000 salary for those 4 years while living at home and renting out the house you purchased. All your friends graduate with $100,000 dept and begin working the same standard of job you have been working. Meanwhile, you get a modest promotion, own a substantial portion of your home, and you're doing alright. Maybe by then you can slowly chip away at a degree at night school or online if needed to further yourself
>>1362604
Translated from "dood skool is dum" speak:
>work at McDonald's for four years
>earn less than enough to cover your living expenses in any first world country
>take either community courses or online ones from some shit tier for-profit school
>have zero job prospects and no money saved up because you were barely scraping by to afford rent and food
>>1360905
That doesn't sound right. I am pretty sure we live in a pure meritocracy where cross-generation wealth accumulation doesn't provide ungodly advantages.
>>1354473
about $16k when I finished both BS and MS in mech eng. I paid it off completely 9 months after graduating.
